Việt Nam News

Shares of Asia Commercial Joint Stock Bank (ACB) soared 8.1 per cent on Wednesday as the bank officially listed more than 2.16 billion shares at the Hồ Chí Minh Stock Exchange (HoSE).

The growth of e-wallets might be good news for Việt Nam’s plans to graduate from the cash economy, but fierce competition among e-wallet providers may result in a ‘survival of the fittest’ situation.

Institutional and legal reforms will be the key factors in business development over the next five to 10 years in Việt Nam, experts have said.

Cargill on Wednesday announced plan to expand its business in Việt Nam with an US$28 million investment in a new animal nutrition plant in Đồng Nai Province on the occasion of its 25th year operation in Việt Nam.

HDBank is offering confirmation for letters of credit issued by foreign banks within the framework of the Asian Development Bank’s Trade Finance Programme, becoming one of the few banks in Việt Nam to provide the service through the ADB programme.

Vinbus Ecology Transport Services Limited Liability Company (VinBus) and Advantech VN Co., Ltd. (Advantech VN) signed a strategic partnership agreement for e-bus smart system development on Wednesday, making VinBus the first bus system in Việt Nam equipped with modern technology to improve safety and provide modern services to customers.

12 large ecosystems will be established across retail and institutional services in Việt Nam by 2025, constituting a revenue pool of about VNĐ2.400 trillion (US$100 billion).

The shareholders of Saigon Commercial Joint Stock Bank (SCB) Monday approved the plan to raise charter capital by VNĐ15 trillion (US$649 million).

Asian Development Bank (ADB) has selected MVV Education’s two technologies, Consultant Anywhere and Everlearn, to implement a COVID-19 business counseling and training programme for 500 women-owned small- and medium-sized enteprises (WSMEs) in Việt Nam. 

State Capital Investment Corporation (SCIC) announced Tuesday that it was about to divest all stake at Traenco Joint Stock Company (TEC).

The double impact of the COVID-19 pandemic’s spread and prevention measures has had far-reaching effects on the production and business activities of Vietnamese enterprises.

The Central Institute for Economic Management (CIEM) organised a workshop to collect comments from relevant units on the report on impacts of some major types of sharing economy, before submitting it to the Government, in Hà Nội on Tuesday.

The Saigon Union of Trading Cooperatives (Saigon Co.op) has prepared a large volume of goods worth nearly VNĐ5 trillion (US$216.3 million), a year-on-year increase of nearly 20 per cent, to meet a surge in demand in the three months before, during and after the Tết (Lunar New Year) holiday.

HCM City will step up efforts to attract foreign direct investment by focusing on infrastructure and administrative procedures, with priority given to high-tech projects, a top city official has said.

The price of Viet Nam's export rice has been increasing since mid-July, surpassing the prices of other rice exporters thanks to improved quality

The VN-Index on the Hồ Chí Minh Stock Exchange inched down 0.07 per cent to 1,029.26 points.

Individual customers can now pay personal income tax and individual business household tax (license, VAT and income taxes) via Sacombank Internet Banking (iSacombank.com) instead of having to come to tax agencies, the State Treasury, or banks.

The 2020 Vietnam International Exhibition on Food Industry (Vietnam Foodexpo 2020) will be held virtually from December 9 to 12.