Việt Nam News

Sacombank has tied up with Visa to offer Visa Direct Outbound, which allows customers to transfer money from their debit cards to an overseas card, making it the first bank in Việt Nam to offer this service.

Recent rumours spreading on social media on Nike’s moving production out of Vietnam to China and Indonesia are incorrect, stated Phan Thị Thanh Xuân, deputy chairwoman and general secretary of the Vietnam Leather and Footwear Association (Lefaso).

Việt Nam Oil and Gas Group (Petrovietnam) attended the World Energy Week 2021 organised by the World Energy Council (WEC) from October 5-7.

Amid the COVID-19 pandemic, cyber criminals have taken advantage of the attention of the whole society to increase cyber attacks, spread malware and scams.

HCM City has instructed Thủ Đức City and districts 8 and Hóc Môn to prevent unauthorised shops near wholesale markets since it makes it hard to ensure pandemic prevention measures are followed.

In steel sector, several enterprises such as Hoa Sen Group (HSG) survive the COVID storm thanks to their export markets. 

The Trade Remedies Authority of Vietnam (TRAV) have warned that Vietnamese products are at risking of falling foul of anti-dumping and trade defence investigations. 

Calendar producers in HCM City have resumed work after the city lifted its lockdown to ensure they can supply the domestic and foreign markets for the upcoming New Year.

The State Capital Investment Corporation (SCIC) is expected to divest capital from six major enterprises in the first quarter of next year, fetching between VNĐ15 trillion and VNĐ20 trillion (US$652-870 million) for the State budget.

The outlook for Việt Nam’s emerging liquefied natural gas (LNG) sector remains promising as the country’s need for the product is large to serve its power development plan, according to Fitch Solutions.

Companies in HCM City and other industrial hubs like the neighbouring provinces of Bình Dương and Đồng Nai are struggling with a labour shortage after the pandemic.

The market extended gains on Tuesday as a strong injection of cash was poured into a series of banking and real estate stocks, propelling the indices.

The lender hopes the bond issue will enhance its position and brand in the international market, diversify capital mobilisation channels and help ensure the capital adequacy ratio.

E-commerce and delivery platforms in HCM City are launching a slew of promotions as the city eases social distancing after they remained closed or faced restrictions for a long period amid lockdowns.

Fujikin International Incorporated from Japan officially commenced construction of an R&D centre at Đà Nẵng High-Tech Park worth a total of US$35 million, seven months after getting an investment licence.

Minister of Information and Communications Nguyễn Mạnh Hùng said that the Government would sign a decree on frequency auctions in the fourth quarter so that the ministry could grant 4G/5G frequencies for operators to invest in increasing capacity and especially 5G coverage next year.

Asia Risk, a prestigious magazine specialising in risk management and derivatives in the Asian market, has just honoured VPBank as 'House of the Year 2021' – the best bank in the field of risk management and derivative products in Việt Nam.

The recovery of global demand to rebuild economies while supply disruptions remain has pushed prices of a series of goods to record highs since mid-2020.