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

Market falls for 3rd straight session

Foxconn invests in $270 million laptop plant in Bắc Giang

A major supplier of Apple products has signed a deal to build a factory in Viet Nam.

Solar power capacity to be cut due to oversupply

Nguyễn Đức Ninh, director of the National Power Regulation Centre, has said Việt Nam will cut its renewable electricity capacity due to oversupply.

Hải Phòng strives to lure up to $3 billion in FDI in 2021

Top priority will be given to luring FDI to industrial and service projects using modern and environmentally friendly technology.

Car sales in Việt Nam plunge 8% in 2020

Car sales in Việt Nam in 2020 dropped 8 per cent year-on-year to 283,983 units across all segments despite a strong increase seen in the fourth quarter, the latest data released by the Vietnam Automobile Manufacturers Association (VAMA) showed.

Privatisation plan missed, pressure to improve SOEs efficiency

The privatisation of State-owned enterprises (SOEs) failed to meet the plan set for the 2016-20 period, causing pressure to improve the operational efficiency of SOEs in the next five-year period.

Draft amendments to Decree 52 on e-commerce activities discussed

Despite the effects of the COVID-19 pandemic, the Vietnamese e-commerce market is still booming. Therefore, the amendment and supplementation of Decree 52/2013/NĐ-CP on e-commerce to better manage the activity, considered "the future of the retail market", is extremely necessary.

EVNNPC given stable outlook by Fitch Ratings

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.

Shares struggle on simultaneous fall of pillars

Vietnamese shares struggled on Monday as large-caps stocks simultaneously dropped putting negative pressure on the market.

More business leaders embrace digital technologies

Some 98 per cent of business executives in Viet Nam already have plans to adopt more digital technologies and tools, a study has found.

Vietnamese car tyre exporters cleared in dumping determination

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 from the US Department of Commerce (DOC).

HDBank offers incentives to corporate customers for derivative product

To provide businesses with one more tool to prevent risks amid the market unpredictability, HDBank has launched a product called Derivative Transaction – Instant Refund of Huge Fees with incentives arguably the most attractive in the market.

Petrolimex profit falls to five-year low

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.

Construction of wind power project begins in 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.

Companies collect $17 billion via bond issuance in 2020

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 Nội Stock Exchange has announced.

Coffee exports, consumption drop due to COVID-19

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 the Việt Nam Coffee – Cocoa Association.

HCM City to ensure food safety, steady prices during Tết

Food companies in HCM City have enough stocks to meet demand during Tết in mid-February, Triệu Đỗ Hồng Phước, head of the HCM City People’s Council's Committee for Economy and Budget, has said.

Experts tell Govt: Foster domestic virtual banks before foreign invasion

BUSINESS BEAT

Việt Nam maintains stable exports to Israel in 2020

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.

Đồng Nai IPs attract $226m FDI in new year

Industrial parks in the south-eastern province of Đồng Nai attracted foreign direct investment of more than US$226 million in 11 investment in the first 10 days of the new year, according to the province Industrial Zones Authority.