Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

HCM City shop-house rents fall as retailers rethink physical stores

IFC partners with SeABank to lending smaller and women-owned SMEs in Việt Nam

International Finance Corporation (IFC) is providing a US$40 million loan to Southeast Asia Commercial Joint Stock Bank (SeABank) to support local businesses and help them make a resilient recovery after the COVID-19 pandemic

Vietnamese bananas gain a foothold in Japanese market

Vietnamese Goods Week in Japan ended on Saturday with Vietnamese bananas finding a foothold in what is often considered a picky market.

Careful consideration must be given to extending foreign ownership at petrol and oil business to 35%: Deputy PM

Deputy Prime Minister Lê Văn Thành has asked the Ministry of Industry and Trade to give careful consideration to the proposal of extending the amount of foreign ownership at petrol and oil business to 35 per cent.

Blue-chips boost shares, VN-Index reaches 1,400

The market rose strongly on Monday with the VN-Index reaching 1,400 points as investors poured money into blue-chip stocks.

Vicostone's profit to soar 73% in Q2

The positive performance in April-June period allowed Vicostone to make the first dividend payment for 2021 in cash at the rate of 20 per cent, worth VND320 billion, the company said in a statement.

Việt Nam wood exports to rise to new record level

Wood products exports are expected to rise to a record US$15-16 billion this year despite the impacts of the COVID-19 pandemic.

Draft decree to tighten rules on foreign investment in multi-level marketing

In the future, foreign investors who wish to register for multi-level marketing (MLM) activities in Việt Nam may need three consecutive years of experience in multi-level marketing in another country.

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

BUSINESS BEAT

Businesses want bank loans rolled over, interest waived

Trần Tuấn Anh, director of a three-star hotel in HCM City’s District 1, said hopes of a business revival after earlier waves of COVID-19 were contained have vanished with the latest outbreak, and bankruptcy looms.

VN-Index heading toward strong resistance level of 1,400 points this week: experts

After struggling to find direction, the market hit a new record on the back of bank stocks in the last trading session. Analysts from securities firms said that this will be the driving force for the VN-Index to head toward 1,400 points.

Dragon Capital funds buys 2.7 million shares of Đất Xanh Group

A group of investment funds run by Dragon Capital announced Saturday it had successfully bought more than 2.71 million shares of Đất Xanh Group JSC (DXG).

LienVietPostBank to pay dividend in shares at rate 12%

The State Bank of Việt Nam has approved the 2020 dividend payout plan of Liên Việt Post Commercial Joint Stock Bank (LienVietPostBank or LPB), at the rate of 12 per cent in shares.

Companies in Asia Pacific willing to pay more to lease green buildings: JLL

Seventy per cent of Asia Pacific corporations are willing to pay a rental premium in future to lease sustainability-certified buildings, a recent report by JLL has said.

Cold storage market faces serious lack of capacity

The trend of shoppers going online en masse is driving demand for cold storage facilities, something that is in severe short supply in Việt Nam.

Australian businesses interested in agritech in Việt Nam

Local businesses in Australia’s New South Wales (NSW) have shown interest in joining the agricultural technology as well as food and beverage sectors in Việt Nam – a promising market in their eyes.

IDICO to transfer 26 per cent capital of Đắk Mi Hydropower to Bitexco Group

The Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO) announced it will transfer its entire 26 million shares in Đắk Mi Hydropower joint stock company to Bitexco group.

Fair introduces high-quality Vietnamese products to Thai consumers

A trade promotion expo featuring more than 150 Vietnamese goods of high quality is taking place in Thailand's Udon Thani province from June 24 to 27 as part of activities marking the 45th anniversary of diplomatic relations between the two countries.

Việt Nam attracts over US$15 billion of FDI in six months

Foreign investors have poured US$15.27 billion into Việt Nam so far this year, equivalent to 97.4 per cent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment (MPI).

Real estate market expected to recover when virus is under control

The COVID-19 pandemic has caused a slowdown in the property market but many experts believe this is only temporary and are pinning their hopes on a rebound once the virus is under control.

VN-Index sets a new high on strong growth of blue chips

Shares continued to rally on Friday as Việt Nam’s benchmark VN-Index is reaching an important milestone of 1,400 points, but liquidity showed signs of weakening, showing investors’ timidity around the peak.