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Mastercard launches one-stop resource site to support SMEs’ digital transformation in Asia Pacific

The Digital Acceleration for Small Businesses centre is available across Mastercard’s English-language websites for Singapore, Malaysia, the Philippines, Thailand, Hong Kong, India and Southeast Asia. — Photo Mastercard HCM CITY — To help small and medium enterprises (SMEs) recover from the pandemic, Mastercard has launched the Digital Acceleration for Small Businesses microsite across most of […]


Demand for furniture rises ahead of Tết

  Customers are buying furniture for home or to organise parties as Tết approaches. – Photo vov.vn HCM CITY – With Tết approaching, more and more people in HCM City are shopping for furniture for home or for use at parties. Many are buying furniture either to move into new homes at housing projects completed […]


Insurance industry continues good trends in 2021

  The growth of the premium revenue for life and non-life insurance segments in 2021 would be 22 per cent and 10-12 per cent, respectively, against last year. HÀ NỘI — The insurance industry is forecast to continue gaining double-digit growth this year thanks to new bancassurance contracts signed late last year and the recovery of the economy. […]


Thai investment in Việt Nam increases

A power plant owned by Gulf Energy Development PLC in Thailand. — Photo gulf.co.th HÀ NỘI — Data from the Ministry of Planning and Investment showed that Thailand had 40 new registered projects, 23 projects registering for capital adjustment and 100 capital contribution and share purchases in Việt Nam with total registered capital of nearly US$1.8 billion last year. […]


VN eyes strong recovery from pandemic this year

  Container ships at the Tân Cảng – Cát Lái Port in HCM City. The country’s GDP growth is forecast to reach 6.9 per cent in 2021 in the best-case scenario. — Photo baodautu.vn HÀ NỘI — Việt Nam’s economy is likely to experience a strong bounce back in 2021 with GDP growing at 6.9 per […]


SSC sets out measures to address stock market overload issue

Orders were not sent to the HoSE at the end of last year due to the limited transaction processing capacity. VNS/VNA Photo HÀ NỘI — The State Securities Commission of Việt Nam (SSC) has ordered the Hồ Chí Minh Stock Exchange (HoSE) and securities firms to apply short-term, mid-term and long-term solutions for overload orders which forced […]


Vietnamese airlines brace for travel upsurge during Tết

  Aeroplanes at Nội Bài International Airport. Domestic airlines are increasing the number of late night flights to meet increasing travel demand for the Tết holiday. — VNA/VNS Photo Ngọc Hà HÀ NỘI — Domestic airlines will add more night flights before, during and after the Tết (Lunar New Year) holiday to meet increasing passenger demand. Nguyễn […]


Nestlé Vietnam honoured for outstanding contributions to State budget

  Johana Wiriadinata (R), finance and control director at Nestlé Vietnam, receives the certificate of merit for its excellent achievements in state budget contribution. — Photo courtesy of the company HCM CITY — Nestlé Vietnam has been awarded the certificate of merit by Đồng Nai Province People’s Committee for its outstanding contributions to the State […]


VN-Index suffers biggest lost since Q1/2020, liquidity hits record

  A BIDV branch in Hà Nội. BIDV was among blue chips hitting the floor price yesterday. VNS Photo Mai Hương HÀ NỘI — Shares bounced back slightly in the afternoon trade but the VN-Index still lost 61 points, or 5.11 per cent, closing Tuesday at 1,131 points. This was the biggest daily retreat of Việt […]


G-Group launches e-wallet

   HÀ NỘI — E-wallet firm Gpay, a member company of G-Group Technology Corporation, announced it had completed its Series A investment with the participation of KB Fina, a joint venture between G-Group and South Korean KB Financial Group, in Ha Noi yesterday. KB Financial Group invested VNĐ425 billion (US$18.4 million) in Gpay through KB Securities, its […]


Vietravel Airlines ready for commercial flights

  The new carrier will offer 50,000 tickets at VNĐ0 (excluding taxes and fees) from January 19 to 25 or until tickets are sold out. — Photo tuoitre.vn HÀ NỘI — The Vietnam Travel Aviation Company Limited (Vietravel Airlines), Viet Nam’s sixth airline, opened ticket sales for commercial flights starting from 1am on Tuesday. Passengers can […]


New supply of condominiums down sharply in Hà Nội: CBRE Vietnam

  In 2020, there were approximately 18,000 apartments launched in Hà Nội. Photo batdongsan.com.vn HÀ NỘI — The condominium market in Hà Nội last year saw a strong reduction in growth due to the COVID-19 pandemic though there were signs of recovery in the fourth quarter, said the CBRE Vietnam. In 2020, there were approximately 18,000 […]


Over 9,000 Mitsubishi cars recalled over fuel pump fault

  A Mitsubishi Xpander. The recall covers 3,696 Mitsubishi Xpanders manufactured from August 21, 2019 to September 20, 2019, and 5,370 Mitsubishi Outlanders assembled between January 15, 2018 and July 21, 2019. — Photo vov.vn HÀ NỘI — The Mitsubishi Motors Vietnam Co Ltd (MMV) on Monday began recalling 9,066 Xpander and Outlander models to replace fuel pumps. […]


Vinamilk exports plant-based and condensed milk to China

  Vinamilk exports ten containers of plant-based milk to China in the early days of 2021. — VNA/VNS Photo HÀ NỘI — Vinamilk said it exported ten containers of plant-based milk to China in the early days of 2021 and five more containers of condensed milk will soon depart for the world’s largest market. It […]


SCIC pours up to US$345.6 million in Vietnam Airlines

Vietnam Airlines will issue VNĐ8 trillion of shares to existing shareholders. VNA/VNS Photo HÀ NỘI — The State Capital Investment Corporation (SCIC) plans to invest VNĐ8 trillion (approximately US$345.6 million) in Vietnam Airlines JSC (HVN). The amount is equal to 25 per cent of HVN’s charter capital. “Vietnam Airlines will issue VNĐ8 trillion in shares to […]


Foxconn invests in $270 million laptop plant in Bắc Giang

  Chairman of the Bắc Giang People’s Committee Lê Ánh Dương granted investment certificates to three foreign investors on Monday. — VNA/VNS Photo Đồng Thúy BẮC GIANG — A major supplier of Apple products has signed a deal to build a factory in Viet Nam. Foxconn Singapore PTE Ltd will build a US$270 million plant to […]


Solar power capacity to be cut due to oversupply

  A building in Đà Nẵng City uses solar rooftop to generate power. — Photo nld.vn HÀ NỘI — Nguyễn Đức Ninh, director of the National Power Regulation Centre, has said Việt Nam will cut its renewable electricity capacity due to oversupply. Ninh told local media at a recent conference of Vietnam Electricity (EVN) that Việt Nam will cut 1.3 billion […]


Hải Phòng  strives to lure up to $3 billion in FDI in 2021

  The Việt Nam-Singapore Industrial Park in Hải Phòng City. — VNA/VNS Photo HẢI PHÒNG — The northern port city of Hải Phòng has set a goal of attracting between US$2.5-3 billion in foreign direct investment (FDI) this year. Top priority will be given to luring FDI to industrial and service projects using modern and environmentally friendly technologies, according to the […]


Car sales in Việt Nam plunge 8% in 2020

  A car showroom in Long Biên District, Hà Nội. — Photo cafebiz.vn HÀ NỘI — Car sales in Việt Nam in 2020 dropped 8 per cent year-on-year to 283,983 units across all segments despite a strong increase seen in the fourth quarter, the latest data released by the Vietnam Automobile Manufacturers Association (VAMA) showed. Of […]


Privatisation plan missed, pressure to improve SOEs efficiency

  Telecommunications giant VNPT was among SOEs which failed to be meet the deadline of completing privatisation by the end of 2020. — File Photo HÀ NỘI — The privatisation of State-owned enterprises (SOEs) failed to meet the plan set for the 2016-20 period, causing pressure to improve the operational efficiency of SOEs in the next five-year period. According to a […]