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Crypto market poised to explode as the Government inches closer to legalise digital asset exchange

Small logistics firms find too many hurdles to digital transformation

E-logistics is a rather new concept even to the logistics industry in Việt Nam.

Food processing sector takes tech route to recovery

A recent survey by the General Statistics Office found that most businesses in the food processing industry expected to achieve good results in the third quarter.

Ministry seeks PM’s approval to deal with container backlog at HCM City port

The Ministry of Industry and Trade (MIT) is seeking approval from the Prime Minister to deal with the huge container backlog at Tân Cảng - Cát Lái (TCCL) Port in HCM City.

More bank shares to hit stock market on bonuses, public issues

BUSINESS BEAT

Banks lending big to keep agriculture sector ticking

According to the State Bank of Việt Nam’s department of credit for economic sectors, as of April credit injected into rural and agricultural development had reached VNĐ2.3 million billion (US$100 billion), or 24.6 per cent of the banking sector’s total loans.

Food-beverage industry embraces new business model to overcome pandemic effects

Packaged food producer KIDO Group has opened a chain of stores in HCM City selling the Chuk Chuk brand of ice cream, milk tea, tea, coffee, and fresh bakery products with an investment of VNĐ100 billion (US$4.4 million).

Increasing charter capital vital for state-owned banks to retain central economic role

BUSINESS BEAT

Logistics properties attract strong investor interest

In the last two years nearly $3 billion had been invested in warehousing and logistics.

Technology retailers enter new businesses amid market saturation

Analysts said technology retailers had managed to sustain growth though the market had gradually become saturated because they had shown the flexibility to enter other businesses.

Bank lending interest rates have bottomed

Interest rates on the interbank market have been rising relentlessly, with the overnight interest ratebeing hiked five timesin less than a month.

Inflation threat returns with global economic recovery

The prices of many goods have shown signs of rising, which poses the question, “Is inflation about to rear its head?”

Overseas Vietnamese continue to find VN real estate market irresistible

In recent years remittances to the country had increased sharply, with a lot of the money going into the real estate market.

Benefits of a strong đồng

The State Bank of Việt Nam’s reference exchange rate for the US dollar fell by 0.1 per cent at the end of 2020.

Mobile money set to further grow cashless payment services

Military-owned Viettel Group, one of Việt Nam’s leading digital telecom firms, has made preparations to trial mobile money services.

Private banks hold the upper hand thanks to its readiness to invest into risky segment

The five banks with the highest return on asset and the return on equity in 2020 were all private ones.

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.

How grocery stores can keep their edge over retail chains

Despite being on the same street as three convenience stores, the grocery store owned by Nguyễn Ngọc Dung on Yên Thế Street in HCM City’s Tân Bình District is always crowded, especially during peak hours.