HÀ NỘI — The Vietnam Electricity Northern Power Corporation (EVNNPC) was recently assigned a Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘BB’ with a stable outlook by Fitch Ratings. EVNNPC’s rating is based on the consolidated credit profile of Vietnam Electricity (EVN, BB/Stable), which owns 100 per cent of the company, in line with Fitch’s Parent […]

  Staff at a branch of Military Commercial Joint Stock Bank (MBB). MBB lost 2 per cent on Monday. Photo courtesy of MBB HÀ NỘI — Vietnamese shares struggled on Monday as large-caps stocks simultaneously dropped putting negative pressure on the market. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange lost 0.19 per cent to end […]

  Many business executives in Viet Nam already have plans to adopt more digital technologies and tools. — Photo Courtesy TM Insight HCM CITY — Some 98 per cent of business executives in Việt Nam already have plans to adopt more digital technologies and tools, a study has found. ‘Supply Chain Digitisation: A Shift from Driving Efficiency to Building Resilience’, […]

  Workers produce truck tyres in Liên Chiểu IZ, Đà Nẵng City. Most Vietnamese exporters are free from anti-dumping duties in the US. — VNA/VNS Photo Văn Sơn HÀ NỘI — The Ministry of Industry and Trade (MoIT) has announced that most Vietnamese exporters were not dumping car tyres in the United States as detailed in the preliminary investigation […]

  Currently, the State holds 81.89 per cent of Petrolimex’s capital and is expected to reduce the State capital to 51 per cent. VNA/VNS Photo  HÀ NỘI — Việt Nam’s largest petroleum retailer Petrolimex (PLX) saw VNĐ1.27 trillion (US$55 million) in pre-tax profit in 2020, down nearly 76 per cent from 2019, the company reported. […]

  At the groundbreaking ceremony of the project. — VNA/VNS Photo CÀ MAU — Construction of a wind power project recently started in Nguyễn Huân Commune, Đầm Đôi District, the southern province of Cà Mau on Saturday. Invested by the WTO Construction Trading Joint Stock Corporation, the project’s first phase has total investment capital of more than VNĐ10 trillion […]

  In December 2020, there were 98 registrations of bond issue with a total registered value of VNĐ75.35 trillion, 4.2 times higher than the previous month. Photo vietnambiz.vn HÀ NỘI — As many as 277 businesses were involved in bond issuances in 2020, mobilising VNĐ403.5 trillion (US$17.4 billion), via some 2,200 issuance tranches, the Hà […]

  Coffee exports and consumption in Việt Nam in 2019 – 2020 saw a drop year-on-year due to COVID-19 hindering coffee sales activities. – Photo thoibaonganhang.vn HCM CITY — Việt Nam’s coffee exports and consumption in the 2019 – 2020 period have taken a hit compared to the same period last year due to the impact of COVID-19, according to […]

  HCM City has exhorted businesses to ensure food safety, increase supply of goods and keep prices steady during the Tết (Lunar New Year) festive season in mid-February. VNS Photo Văn Châu HCM CITY — Food companies in HCM City have enough stocks to meet demand during Tết in mid-February, Triệu Đỗ Hồng Phước, head of […]

  Illustrative Photo. Source: paymentsjournal.com Compiled by Thiên Lý According to techcrunch.com, in early December many fintech companies in Southeast Asia were licensed to establish digital banks. Singapore, for instance, issued licences to four firms, including Ant Group and Grab, that would allow the tech giants to expand their financial services offerings. The other two went […]

  Textiles and garments are among key export products of Việt Nam to Israel. — VNA/VNS Photo TEL AVIV — Việt Nam earned an estimated US$700 million from exporting goods to Israel in 2020 despite difficulties posed by the COVID-19 pandemic, according to the Vietnamese Trade Office in the Middle East country. The figure was a […]

  Workers at a factory in Đồng Nai Province. — VNA/VNS Photo ĐỒNG NAI — Industrial parks in the south-eastern province of Đồng Nai attracted foreign direct investment of more than US$226 million in 11 projects in the first 10 days of the new year, according to the provincial Industrial Zones Authority. Three new projects accounted […]

  A souvenir shop run by Taseco at Nội Bài International Airport in Hà Nội. — Photo courtesy of Taseco HÀ NỘI — German investment fund PENM IV Germany GmbH & Co.KG is about to acquire additional one million shares of Taseco Air Services JSC (AST). The transaction will be conducted from January 19 to February 9. After […]

  A view of the Sơn Đoòng Cave in the central province of Quảng Bình. The province has agreed a huge investment package worth nearly US$4 billion. — VNA/VNS Photo  QUẢNG BÌNH — Thirty-five investment projects have been given the green light by the central province of Quảng Bình at a conference yesterday. The projects […]

Hoà Phát Iron and Steel Production Complex in Hải Dương Province. — Photo hoaphat.com.vn HÀ NỘI — Shares continued to gain last week despite a net sell value of VNĐ2.2 trillion (US$94.4 million) from foreign investors, but the fluctuations during the week made analysts more cautious about the market going forward. On the Hồ Chí Minh Stock Exchange (HoSE), the […]

Việt Nam’s economy is forecast to grow this year.  — Photo baotintuc.vn HÀ NỘI — Many economists have said the Vietnamese economy is set to speed up this year. Việt Nam’s economy grew quite slowly due to the impact of the COVID-19 pandemic last year, but many experts have said the country’s economy is like a coiled […]

  The India – Việt Nam Investment Forum will be held on Friday (Jan 22) in HCM City. Photo courtesy of Consulate General of India in HCM City HCM CITY — More than 300 Indian companies and 200 Vietnamese companies are expected to explore opportunities for economic engagement, investment and trade at the India – […]

  Minister of Industry and Trade Trần Tuấn Anh talks on the phone with US Trade Representative Robert Lighthizer on January 7 on bilateral economic and trade issues.  VNA/VNS Photo HÀ NỘI — The US Trade Representative (USTR) has decided against recommending punitive tariffs on Vietnamese exports, the Ministry of Industry and Trade said on Saturday. The […]

    Phạm Thị Thu Diệp is the first female leader to take over the senior leadership role in IBM Vietnam’s 25 years in the country. — Photo courtesy of IBM Vietnam HÀ NỘI — IBM has appointed Phạm Thị Thu Diệp as Country General Manager of IBM Vietnam. Diệp is the first female leader to […]

  Viettel launches a 5g network at Yên Phong 1 Industrial Park in northern Bắc Ninh province. — Photo courtesy of Viettel BẮC NINH — The Yên Phong 1 Industrial Park in northern Bắc Ninh province has become the first park in Việt Nam to gain access to a 5G telecom network, with the new technology launched […]