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More than 18,000 new firms set up in first two months

  More than 18,000 new businesses were established in the first two months of 2021 —Photo VNA HÀ NỘI – More than 18,000 new businesses were established in the first two months of 2021, a year-on-year decline of 4 per cent, according to the Ministry of Planning and Investment. The number of employees registered by the newly-established enterprises rose 9.7 […]


Shares surge on strong cash inflows

Workers operating equipment for oil and gas production. PetroVietnam Gas shares inched higher on Monday, contributing to the gain of the VN-Index. Photo courtesy of PetroVietnam Gas HÀ NỘI — Việt Nam’s stock market edged higher on Monday as investors flocked into oil and gas, construction and banking stocks.  The market benchmark VN-Index on the Hồ Chí […]


Việt Nam climbs three spots in global soft power rankings

  Foreign visitors walk in Điện Biên Phủ Street, Hà Nội. Việt Nam was the only country among 10 member states of the ASEAN to see improvement in Brand Finance’s Global Soft Power Index Report 2021. — VNA/VNS Photo Lâm Khánh HÀ NỘI – Việt Nam has climbed three spots to rank 47th out of 105 countries […]


Learning spirit, confidence and creativity key to Việt Nam’s future success

  Võ Trí Thành *Võ Trí Thành Việt Nam has outlined its next-decade of socio-development strategy, setting its sights on becoming a developed and upper-middle-income country with modern industry by 2030. However, as success in the past cannot guarantee future triumphs, what are the keys to Việt Nam’s success in the next period? We have […]


Loship secures investment from Skype co-founder

  Loship will use the investment to expand its delivery network, human resource, technology and market. — Photo tvphapluat.vn     HÀ NỘI—Loship, Việt Nam’s fast-growing one-hour-delivery e-commerce startup, has announced its latest investment from Skype co-founder Jaan Tallinn. Tallinn participated in Loship’s Series C funding through his investment vehicle MetaPlanet Holdings. This capital injection […]


Long An international port to be expanded

  A corner of the Long An international port. — VNA/VNS Photo Bùi Giang HÀ NỘI — Đồng Tâm Group (DTG) has announced it is completing the remaining legal procedures to expand the Long An international port, enabling its berths No. 8 and No.9 to receive 100,000DWT ships. The project is scheduled to be completed in […]


2021 economic census begins on Monday

  The 2021 economic census would apply information technology in implementation to increase accuracy and reduce costs. — VNA/VNS Photo Mai Phương HÀ NỘI — The General Statistics Office (GSO) officially kicked off the 2021 economic census on Monay to have a comprehensive evaluation of the Vietnamese economy. Carried out under the Prime Minister’s Decision No […]


Hundreds of Vietnamese seafood firms permited to export to Taiwan

  Taiwan has mainly imported from Việt Nam frozen/fresh tiger and white-leg shrimp and frozen pangasius fillet. Photo baodansinh.vn HÀ NỘI — The Taiwan Food and Drug Administration (TFDA) has announced a list of 697 Vietnamese seafood enterprises permitted to export their products to Taiwan, reported the Việt Nam Association of Seafood Processors and Exporters (VASEP). This […]


UKVFTA – a boost to Việt Nam-UK trade

  Clam processing at Lenger Seafoods Vietnam Co. Việt Nam and the UK saw impressive growth in their two-way trade though exports faced formidable challenges caused by the COVID-19 pandemic. VNA/VNS Photo HÀ NỘI — After the UK-Việt Nam Free Trade Agreement (UKVFTA) took effect on December 31, 2020, both sides saw impressive growth in […]


Fishery exporters take pandemic in their stride

Việt Nam’s seafood exports this year are expected to be worth US$9.4 billion in all, an increase of 10 per cent from 2020. —Photo tapchitaichinh.vn  Compiled by Thiên Lý Việt Nam exported 160 tonnes of frozen shrimp products to the US, Europe and Japan on January 5, its first seafood consignment of the year. It […]


Thai conglomerate SCG now dominates Việt Nam’s plastic production industry

SCG headquarters in Bang Sue District, Bangkok, Thailand. — Photo courtesy of SCG HÀ NỘI — After buying Duy Tân Plastic Corporation, Thailand’s Siam Cement Group (SCG) is cementing its domination of Việt Nam’s plastic production industry. Under the contract signed on February 9 via a virtual conference, Duy Tân will sell 70 per cent […]


Demand for laptops booms as people study and work from home

  Customers look for laptops for their children at Phong Vũ shop in HCM City’s District 3. VNA/VNS Photo HCM CITY — Work from home and study from home amid the new COVID-19 wave have caused demand for laptops to skyrocket. Parents in HCM City and elsewhere said while earlier they had been content to have […]


Việt Nam’s automobile imports slow in January

  Cars imported from ASEAN countries via Hiệp Phước port in HCM City. Photo vietnamnet.vn HÀ NỘI — Việt Nam spent US$213 million importing cars in January, a 34.3 per cent drop compared to the previous month, reports the General Department of Customs. The main markets are Thailand with 4,341 units, China (1,463 units) and Indonesia (1,437 […]


City to ensure transparent, fair and competitive environment for property market

  A view of District 2, part of the newly established Thủ Đức City in HCM City. City authorities are reviewing all housing projects to create a “more transparent, fair and competitive business environment”. — Photo sggp.org.vn HCM CITY — The chairman of the HCM City People Committee has pledged to review all housing projects in the city and […]


Market set for up and down week

  Investors should temporarily observe the movement of money flow in the next sessions to re-assess the state of the market. — Photo tinnhanhchungkhoan.vn HÀ NỘI — The local market is forecast to move sideways with a strong divergence among stocks this week, with large-caps accumulating to enter a positive trend, analysts said. The benchmark […]


Customs aims to improve trading across borders index

Customs officers at work. — Photo baochinhphu.vn HÀ NỘI — The General Department of Việt Nam Customs recently issued an action plan to implement Resolution 02/NQ-CP of the Government to improve the ranking of the trading across borders index by 10 to 15 spots compared to 2019 in the ‘Ease of Doing Business’ rankings of the World Bank. […]


An Phát Holdings donated VNĐ20b to support Hải Dương’s pandemic fight

  Nguyễn Đức Tuấn (Third from the left) – Chairman of the Việt Nam Fatherland Front Committee of Hải Dương, received VNĐ20 billion from An Phát Holdings. — Photo courtesy of the group HẢI DƯƠNG — An Phát Holdings (APH) has handed over VNĐ20 billion (US$851,000) support to the northern province of Hải Dương buy vaccines […]


An Giang boasts strengths in hi-tech agricultural development: Deputy PM

At the ground-breaking ceremony. VNA/VNS Photo AN GIANG — The Mekong Delta province of An Giang boasts strengths in economic development, especially high tech agriculture, Deputy Prime Minister Trương Hòa Bình said while attending a ground-breaking ceremony for a dairy farm project of TH Group in Tri Tôn District on Saturday. The development of hi-tech agriculture is […]


High-tech farming needs investment and proper policies

  A high-tech greenhouse of a farmer in Chu Điện Commune, Lục Nam District, the northern province of Bắc Giang, who built it with preferential loans from the local goverment. — VNA/VNS Photo Trần Việt HÀ NỘI — Việt Nam’s agriculture sector is aiming to be among the 15 most developed countries in the world, in which […]


Credit market share of private banks rise

  Techcombank’s credit market share increased 86 basis points in the past five years. Photo nhipcaudautu.vn HÀ NỘI — Private banks have posted significant growth in credit market share in the past five years. According to statistics from Viet Dragon Securities Company (VDSC), 26 listed banks by the end of 2020 increased their total credit market share to […]