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

Mega-industrial hubs to power growth leap

MPS warns against over possible Ponzi schemes

The Ministry of Public Security has issued a warning against investing in Eagle Rock Global (ERG) as the firm shows many signs of a fraudulent business and most likely is a running a Ponzi scheme.

Citi, Lazada unveil credit card partnership in VN

Citi, the largest pan-regional credit issuer, and Lazada Group, Southeast Asia’s leading e-commerce platform, have announced the launch of a new Lazada Citi credit card in Việt Nam.

Household businesses to be regulated: NA deputies

A number of National Assembly (NA) deputies agreed household businesses should be subject to the amended Law on Enterprises yesterday.

Deputy PM welcomes CEO of US energy company

Deputy Prime Minister Trịnh Đình Dũng hosted a reception in Hà Nội on Friday for Scott Kicker, Founder and CEO of the US-based Gen X Energy Company, which is exploring a liquefied natural gas project worth over US$6 billion in Việt Nam.

Listed auto retailers' shares suffer from low earnings

According to the Vietnam Automobile Manufacturers’ Association, total auto sales in October exceeded 27,400 vehicles in October, down 3 per cent year on year.

Steel products experience slow consumption in October

Consumption of steel products, especially colour-coated steel, declined in October while production continued to rise, according to the Vietnam Steel Association

Rice quality key to exports

Vietnamese rice producers and exporters needed to focus on quality and supplying products that were in demand, rather than simply looking at quantity.

Việt Nam companies facing longer downtimes from cyberbreaches

Organisations in Việt Nam are facing longer downtimes caused by cybersecurity breaches, compared to the regional and global averages, according to a recent Cisco study.

Platinum Victory buys additional 12.6 million shares in REE

In late August, Platinum Victory offered to buy 31.3 million REE shares from current shareholders for VNĐ45,000 (US$1.95) per share.

MoF to give tax incentives for automobile manufacturers, electric car imports

Prime Minister Nguyễn Xuân Phúc has instructed the Ministry of Finance to look at taxes and fees related to automobile manufacturing and assembly in order to help the sector grow.

VN-Index drops for third day, dragged down by heavyweight stocks

Blue chips diverged when 13 of the top 30 largest shares by market value and liquidity on the southern bourse gained and 12 advanced.

ASEAN passes protocols to enhance air connectivity

Transport ministers of the Association of Southeast Asian Nations (ASEAN) yesterday adopted two protocols to integrate the air transport in the region, moving towards the ambitious goal of a single aviation market.

Vingroup Chairman listed among world’s 50 theme park influencers

Chairman of Vingroup Phạm Nhật Vượng has been named among the top 50 theme park influencers in the world for his innovation and creativity in the global theme park industry in 2019.

PNJ signs deal with Walt Disney to use its images

Phú Nhuận Jewelry JSC has announced a tie-up with Walt Disney, one of the world’s largest media and entertainment companies, which gives it the right to use that company’s images.

Pottery trade to recognise brand ownership

The central province will recognise the brand ownership for the pottery craft of Phổ Khánh Commune in Đức Phổ District in order to promote the preservation of the centuries-old trade.

Businesses of Việt Nam and Indonesia seek co-operation opportunities

Over 100 businesses from Việt Nam and Indonesia on Thursday met at a seminar in Jakarta, Indonesia to seek co-operation in the fields of trade, industry and investment.

Vietnam Airlines to launch Hà Nội-Macau route next month

Vietnam Airlines will open a new air route connecting Hà Nội and Macau (China) on December 15, 2019.

FPT Software opens office complex in HCM City tech park

FPT Software Co., Ltd on Wednesday inaugurated its F-Town 3 office complex at the Saigon Hi-Tech Park in HCM City’s District 9, its sixth campus in the country.

Wood Mackenzie: Việt Nam becomes Southeast Asia’s hottest solar PV market

Việt Nam is now the leader in Southeast Asia’s solar photovoltaic (PV) market with the largest installed capacity in the region, Wood Mackenzie said in its statement.

Insurance companies need more high-tech products

Insurance companies should use more electronic transactions and take advantage of high-tech produts to better compete in the market, a government official said yesterday in HCM City