Việt Nam News

Imposing asset taxes and improving market transparency would help bring skyrocketing housing prices in Việt Nam to appropriate levels, experts have said.

PetroVietnam Power Corporation has announced plans to divest from several of its member units, including eight subsidiaries it wants to sell its entire stake in, according to a statement from the Board of Directors.

SSI Securities Corporation has won 31 out of 32 awards honouring organisations and individuals in the financial and securities sector in Việt Nam at the 2020 Asiamoney Brokers Poll Awards.

The State Capital Investment Corporation (SCIC) announced on Thursday that its pre-tax profit increased 36 per cent in 2020 compared to the year prior, hitting an estimated VNĐ6.58 trillion (around US$286 million).

Kido Frozen Foods Joint Stock Company (Kido Foods) has announced a growth of nearly 10 per cent in after-tax profit for 2020, reaching nearly VNĐ157 billion (US$6.8 million) despite facing many challenges caused by COVID-19.

The industrial market is the only real estate sector that has enjoyed positive progress in both rental rates and occupancy rates during the COVID-19 pandemic.

Vietnamese farm produce exporters are expected to benefit from increased participation in global value chains as a result of the Regional Comprehensive Economic Partnership (RCEP) and the UK-Việt Nam Free Trade Agreement (UKVFTA), speakers said yesterday at a conference in HCM City. 

The HCM City Department of Industry and Trade held a conference on Thursday to review the activities and performance of the food and foodstuff sector in 2020 and consider plans for the new year.

Việt Nam's stock market rose on Friday as investors still focused on banking and real estate sectors. 

Export turnover through border gates in the Mekong Delta province of An Giang exceeded US$1.31 billion in 2020, a year-on-year increase of 8 per cent, according to the provincial Department of Customs.

Domestic firms shipped over 1.37 billion medical face masks of various types abroad throughout 2020, according to statics compiled by the General Department of Việt Nam Customs.

The authorities of northern Bắc Ninh Province always create favourable conditions for foreign businesses, including those from the Republic of Korea (RoK), Secretary of the provincial Party Committee Đào Hồng Lan has said.

Experts are again issuing a warning to local enterprises to pay attention to intellectual property (IP) rights when doing business overseas. 

The Directorate of Fisheries is implementing software and piloting the electronic traceability for seafood products to meet state management and market requirements.

Wink Hotels, a revolutionary new hospitality brand, which aims to redefine affordable luxury in Việt Nam on Thursday officially announced the opening of its first hotel in March 2021.

Trung An High-Tech Agriculture Joint Stock Company will export 1,600 tonnes of high-value fragrant rice to Singapore and Malaysia, the Ministry of Agriculture and Rural Development announced on Wednesday.

The HCM City Stock Exchange (HoSE)’s technical system was under significant pressure with billions of new shares recently listed and to be listed on the bourse and huge cash inflow which boosted the market liquidity to record high levels.

During the last three months, the cost to hire a 40-foot container increased to US$8,000, even to $10,000 in certain cases, from less than $1,000 at the beginning of 2020. It has sharply driven up expenses for exporters and raised concerns over a lack of transparency and inadequate price management of containers, said businesses during a meeting in Hà Nội with the Vietnam Maritime Administration (VMA).