Việt Nam News

German firms have expressed their optimism about Việt Nam's economy in both the mid and long-term in a survey released by the Association of German Chambers of Industry and Commerce (DIHK) on Thursday.

Vietnamese shares declined on Thursday, dragged by market heavyweights as selling pressure increased significantly towards the closing minutes of trading.

Nestlé Vietnam was awarded with the top prize as one of winners of the Việt Nam National Quality Awards in Hà Nội recently. Binu Jacob, CEO of Nestlé Vietnam spoke with Việt Nam News about the award and the future plans of the firm in Việt Nam.

With a total length of 750 metres and a width of 50 metres, the two terminals will be able to handle 160 TEU (3,000 DWT) vessels.

Vietnamese conglomerate THACO shipped another 50 semi-trailers to the US earlier this month, its second batch to the market after a first comprising 69 units in 2020.

The Ministry of Finance has rejected the Việt Nam Automobile Manufacturers’ Association (VAMA) proposal to continue reducing the registration fees for new domestically-produced cars by 50 per cent.

The State Bank of Vietnam (SBV) has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction, Build-Operate-Transfer (BOT) and the consumption sector.

The COVID-19 pandemic in the last half of 2020 saw Vietnamese people download and use more phone applications than in 2019, according to the Mobile Application 2021 report from Appota Group.

Vietnamese manufacturers and exporters are struggling to cope with rising material prices despite posting high export volumes in the first four months of the year.

The General Statistics Office announced that the consumer price index (CPI) in April 2021 decreased by 0.04 per cent compared to the previous month, while many types of goods increased in price from the beginning of the year.  Nguyễn Trung Tiến, deputy director of the General Statistics Office (GSO), spoke to local media about this issue

Twenty-two companies have entered the “one-trillion-đồng profit club” for January-March, despite the economy being ravaged by the COVID-19 pandemic.

Việt Nam’s stock market settled higher on Wednesday, reversing morning course as many stocks recovered from earlier losses. Meanwhile, foreign investors continued to flee from the market. 

HCM City leads the country in digital transformation, but its small, medium and micro enterprises, which account for a majority of businesses, face challenges in achieving it.

Việt Nam imported nearly 1.2 million tonnes of raw cashew nuts worth US$1.9 billion in the first four months of this year, increases of 300 per cent and 323.5 per cent year-on-year, respectively, according to the General Statistics Office.

Careful consideration must be given to the imposition of a rent tax on people who own apartments for lease, experts said, adding that it was essential to introduce a reasonable tax rate and threshold.

Before the latest withdrawal of Vinsmart, Japanese giants like Panasonic, Toshiba, and Sharp also dropped out of the Vietnamese television market.

Several construction firms have reported a drop in profits in the first quarter of this year due to the COVID-19 pandemic and rising material prices.

The Ministry of Finance (MoF)'s Price Management Department will actively set up scenarios for managing prices of essential goods according to the market performance, but still ensuring inflation control as targeted, said Nguyễn Anh Tuấn, director of the Price Management Department.