Việt Nam News

An economic expert has forecast two possible scenarios that will affect the consumer price index (CPI) this year.

The Southeast Asia Commercial Joint Stock Bank (SeABank) is among 13 largest commercial joint stock banks in Việt Nam after increasing its charter capital to VNĐ12.088 trillion (US$526 million) from VNĐ9.369 trillion.

For the first time, contractors who signed deals with the General Department of State Reserves will be rated using a credit system reflecting their ability and commitment to deliver on contracts, according to the head of the general department's legal office Nguyễn Văn Bình. 

Việt Nam Construction and Import-Export Joint Stock Corporation (VINACONEX) announced Monday that NEDI2 was no longer a subsidiary of the corporation.

The State Bank of Việt Nam has set a banking credit growth target of 12 per cent for this year, marginally lower than the rate achieved last year.

The VMARK Vietnam design week and awards organised by VDAS Design Association will be back in March this year in HCM City.

Shares advanced at the start of the week with record trading value, propped up by solid investor confidence in a long-term uptrend.

Some Vietnamese exporters of tyres have been hit with a 22.3 per cent anti-dumping duty in the US, according to the Ministry of Industry and Trade.

HDBank was honoured along with other leading companies such as Vinamilk, Vingroup, CP Vietnam, and Vietnam National Petroleum Group as being among the Top 50 Vietnam The Best at the ceremony to announce the country’s 500 largest companies (VNR500) last week in Hà Nội.

The Vietnam Railways Corporation has lost VNĐ1.32 trillion (US$57.4 million) in revenues due to the COVID-19 pandemic and flooding in the central region.

Trần Hùng Khương, owner of an automobile shop in HCM City’s Tân  Bình District, said people could now save up to VNĐ15 billion by buying a Rolls-Royce Wraith directly imported from the UK, thanks to the Việt Nam-UK Free Trade Agreement (UKVFTA).

Firms in almost all key sectors set digital transformation as a priority strategy, which is pushed by the COVID-19 pandemic, said Minister of Information and Communications Nguyễn Mạnh Hùng.

The condominium market in Hà Nội last year saw a strong reduction in growth due to the COVID-19 pandemic though there were signs of recovery in the fourth quarter, said the CBRE Vietnam.

High liquidity and outperforming sectors last week made analysts optimistic about the market trend this week, saying that the uptrend will continue.

After performing well last year despite of COVID-19, many companies have prepared new plans for 2021. While some firms, such as GELEX, double their targeted profits, some which reported good results in 2020 lower their expectations.

The cement industry is forecast to see a significant increase in domestic sales in 2021, driven by investment in infrastructure, foreign direct investment inflow and the recovery of the real estate market. However, exports are set to slow down.

HDBank was named among the top 20 companies in terms of sustainability in a ranking put out by the Ho Chi Minh Stock Exchange.

After telecoms carriers conducted commercial 5G trials in big cities like Hà Nội and HCM City, many provinces have sent recommendations to the Ministry of Information and Communications to allow the carriers to deploy 5G in their urban areas, industrial zones and key areas.