Việt Nam News

Việt Nam Technological and Commercial Joint-Stock Bank (Techcombank) recorded before-tax profit of VNĐ6.7 trillion (US$288.4 million) in the first half of this year, representing 19 per cent year-on-year increase and extended to 19 consecutive quarters of year-on-year revenue growth, despite continuing challenges due to COVID-19.

Exploration findings at Kèn Bầu-2X in 2020 and Kèn Bầu-1X in 2019 affirmed the existence of oil and gas reserves in the area and adjacent blocks.

The national consumer price index (CPI) in July grew by 0.4 per cent against June and 3.39 per cent year-on-year, the General Statistics Office (GSO) reported on July 29.

The HAWA Online Platform for Exhibition (HOPE), which will connect Vietnamese wood processing and furniture firms with international and local buyers, will officially launch on August 7 in HCM City.

An online trade conference took place on Thursday to offer Singaporean investors insights into investment opportunities in the Central Highlands province of Lâm Đồng and the south-central provinces of Ninh Thuận and Bình Thuận.

The EU-Việt Nam Free Trade Agreement (EVFTA) is expected to kickstart a “new wave of trade and investment” if Việt Nam continues to strengthen the business environment and completes the legal framework for trade and investment, experts said on July 28 in HCM City.

Vietnamese shares slumped on Wednesday on worries that a second wave of coronavirus infections is on the way.

Total savings in the country is huge and people are unwilling to spend buying securities products on worries about potential risks.

The Sông Hậu Thermal Power Plant Project 1 has two machine units with a total capacity of to produce a total output of 7,800 GWh per year. Its commercial power output is estimated to reach 7,301 GWh per year.

Samsung Vietnam and the Ministry of Industry and Trade (MoIT) on Tuesday officially kicked off the Enterprise Improvement Consultancy Project in northern province of Hải Dương.

As soon as the first cases of SARS-CoV-2 were confirmed in Đà Nẵng and Quảng Ngãi, many firms have re-implemented pandemic prevention measures starting early this week.

The Vietnamese economy still posted a positive growth with exports and social welfare ensured, Minister of Planning and Investment Nguyễn Chí Dũng has said.

HCM City authorities have suspended Diệp Dũng, 52, Saigon Co.op’s chairman, from all roles in Saigon Co.op’ s Party Committee, including Party Committee Secretary, for his serious violations that called for disciplinary measures.

Local businesses have an opportunity to accelerate digital transformation to join new supply chains, replacing traditional ones that have been disrupted or stalled by the COVID-19 pandemic, a top official has said.

The first half of 2020 saw a 5.7 per cent increase in shrimp exports year-on-year, reaching US$1.5 billion despite COVID-19, according to the Việt Nam Association of Seafood Exporters and Producers.

The complicated development of the COVID-19 pandemic in Việt Nam as well as around the world has had a large influence among enterprises, especially start-ups.

Việt Nam attracted US$3.15 billion worth of foreign direct investment (FDI) and capital for share purchases from July 1 to July 20, representing a rise of 79.8 per cent against the same period last year and 76.2 per cent against June, the latest updates of the Foreign Investment Agency showed.

Investors will also enjoy a 15-20 per cent cut of charges for position management and margin collateral management when trading on the derivatives market.