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Local gold prices reach a new record high

Local gold prices kept soaring this morning to pass the historic high on July 6, reaching VNĐ50.32 million (US$2,172) per tael (1.2 ounces). The prices of the yellow metal went up in the global market.

Economic restoration needs 'wartime' policy effort

The Government’s new growth target of 4 per cent this year, though ambitious, could still be achieved if policy implementation is organised well.

Stronger money policies might be considered to aid economic growth: SBV

The central bank’s statistics showed loan payment deadlines were restructured for nearly 260,000 customers with outstanding loans worth nearly VNĐ18 trillion (US$775.8 million)

Production reform, awareness of EU regulation needed among agriculture businesses for EVFTA: experts

With the EU - Việt Nam Free Trade Agreement coming into effect in August and eliminating most tariffs, agriculture, forestry and aquaculture businesses need to be aware of the EU’s stringent regulations, experts have said.

Job losses on the way as firms look to downsize

Although the COVID-19 pandemic has been controlled in Viet Nam, its long-term effects will continue to be felt.

Corporate bond market to boom in 2nd half before cooling down

Corporate bond issuance in June was estimated at VNĐ31 trillion (US$1.34 billion)

VN stocks advance as securities, banking and aviation industries rise

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 1.6 per cent to close at 861.16 points.

Guiding decrees needed to fight with transfer pricing

Anti-transfer pricing measures were included in the law on tax administration for the first time, but a guiding decree has not yet been written. Experts said this could mean the rules are less effective.

Telecommunication revenue grows slightly due to COVID-19

The growth was lower than in the same period last year at 7.2 per cent.

Việt Nam's coffee exports up in H1

Việt Nam exported 955,000 tonnes of coffee, worth US$1.6 billion in the first six months of 2020, according to the Department of Import and Export under the Ministry of Industry and Trade.

VinSmart launches Vsmart Aris 5G smartphone

VinSmart Research and Manufacturer Joint Stock Company, an affiliate of Vingroup, on Monday announced smartphone Vsmart Aris 5G, marking its trial manufacture of the first domestic terminal incorporating 5G technology in Việt Nam.

ACV revenue and profit to tumble

The ACV estimated it would record total revenue of VNĐ11.3 trillion (US$489.3 million) and total profit before tax of more than VNĐ2 trillion.

EVFTA expected to give a lift to real estate sector

Many segments of the real estate market are soon expected to benefit from the EU-Việt Nam Free Trade Agreement, which takes effect in August.

VIB's journey to large retail bank

Vietnam International Bank (VIB) aims to earn pre-tax profit of VNĐ4.5 trillion (over US$193 million) in 2020, up 10 per cent year-on-year.

P2P firms waiting for a sandbox

Peer-to-peer (P2P) lending companies expect that the sandbox for fintech would eliminate unscrupulous businesses and help the market grow significantly.

Legal framework being improved to implement EVFTA

Tax policies are being specified while customs procedures simplified to improve the legal framework to facilitate the European Union – Việt Nam Free Trade Agreement (EVFTA) enforcement.

National retail sales, service revenues up in June

Online shopping has become increasingly popular, especially when social distancing measures were put in place.

EuroCham proposes Gov’t to cut 50 per cent of registration fee for imported cars

The European Chamber of Commerce in Việt Nam (EuroCham) proposed the Government to apply the 50 per cent registration fee reduction to all automotive assembly firms, importers and dealers of new vehicles.

Đà Nẵng sees negative economic growth for first time in over 20 years

Due to the coronavirus pandemic, the central city of Đà Nẵng saw its GRDP for the first half of the year contract by 3.61 per cent from the same period in 2019, the first time since the city became a centrally-run locality in 1997.

Shares to correct amid lack of positive news

Shares are forecast to experience volatility and correction this week because the absence of supportive information may negatively influence the stock price movement.