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

Q3 eyed as active time for real-estate M&A

Việt Nam Rubber Group to expand tyre production via M&A

The Việt Nam Rubber Group JSC (VRG) plans to invest in tyre and tube production via mergers and acquisitions (M&As) over affiliate companies of the Việt Nam Chemical Group (Vinachem).

Sacombank JCB cards continue to lead market

Sacombank won four awards from Japanese international card organisation JCB for Leading Licensee in Total Retail Spending Volume, Leading Licensee in New Credit Card Acquisition, Leading Licensee in Cardmember Case, and Leading Licensee in Merchant Sales Growth at the 2020 JCB Annual Meeting chains held recently.

SMEs drive local market amid rising caution

Mid-cap and small-cap stocks boosted the local market on Wednesday while the market sentiment was weighed down by the US presidential election debate.

Construction begins on fruit processing complex in Sơn La

Located in Hát Lót Commune, Mai Sơn District, the Doveco Sơn La complex is the third of its kind in the province with a designed capacity of more than 50,000 tonnes of products each year and a total investment of about VNĐ400 billion (US$9.3 million).

Quảng Yên Coastal Economic Zone – new push for northern development

Deputy Prime Minister Trịnh Đình Dũng has signed a decision to establish the Quảng Yên Coastal Economic Zone in the northeastern province of Quảng Ninh. Earlier this May, Quảng Yên was added to the national plan for coastal economic zones.

Construction starts on North-South Expressway component projects

Work on three sections of the Eastern North-South Expressway started on Wednesday.

Revised Law on Credit Institutions to cover bad debt recovery

The Government has directed the State Bank of Việt Nam (SBV) to add non-performing loan (NPL) settlement regulations under Resolution No.42/2017/QH14 into the revised Law on Credit Institutions, SBV’s deputy governor Nguyễn Kim Anh said on Wednesday.

Lawrence S. Ting Fund supports outstanding students

The Phu My Hung Development Corporation and Lawrence S. Ting Fund recently organised its 18th scholarship award ceremony, presenting 232 scholarships worth a total of VND2.8 billion (US$120,000) to outstanding students in HCM City and other provinces.

Billions of banking stocks to flood market under dividend plans

Billions of banking stocks are about to flood the market with banks planning to pay stock dividends and issue new shares to raise their charter capital.

Bình Dương seeks to attract foreign investors

The southern province of Bình Dương has promised to further improve its investment climate to ensure it remains an ideal destination for foreign investors.

Mobile banking helps the poor access financial services

Financial education has helped poor households and policy beneficiaries access and use financial products and services, thus promoting comprehensive finance, attendees heard at a conference held in Hà Nội on Tuesday.

Vietnamese banks prepare for international integration

In the trend of strong globalisation with the recently signed CPTPP and EVFTA, meeting international standards by enterprises, especially in the banking sector is essential. These international standards help to affirm banks' position, development potential and brand reputation, therefore creating trust for customers.

Quảng Ninh plans to become dynamic development hub

The northern coastal province of Quảng Ninh has set a goal of building modern industry and service sectors and becoming one of the region’s most comprehensive and dynamic development hubs by 2025.

Việt Nam needs consultation to push up economic development

Việt Nam urgently needs consultation from scientists, ministries, sectors, development partners and international organisations to ensure recovery and sustainable, inclusive growth post-COVID-19 pandemic, Minister of Planning and Investment Nguyễn Chí Dũng has said.

Banks target consumer loans for higher credit growth

Commercial banks are trying to boost individual consumer loans, especially to home and car buyers, since credit growth had slowed due to low capital demand from businesses.

Moon cake market competition heats up

A crowded moon cake market has caused a drop in sales for many stalls ahead of Mid-Autumn Festival.

Việt Nam’s nine-month economic growth lowest in 10 years

The gross domestic products (GDP) of Việt Nam grew 2.12 per cent in the first nine months of this year, the lowest nine-month growth rate in the 2011-2020 period, the General Statistics Office said on Tuesday.

Stock market dives, profit taking rises in banking, consumer and energy sectors

Vietnamese shares wiped out early gains to collapse on Tuesday, dragged by banking, consumer and energy sectors on stronger profit taking.

Việt Nam a development success story: WB official

With its outstanding achievements over the past three decades, Việt Nam is a development success story and continues to perform well even amid the pandemic on a range of indicators, including trade, growth and human capital, Victoria Kwakwa, Vice President for East Asia and the Pacific at the World Bank, has said.