Việt Nam News

The Asian Development Bank has announced it will increase the trade finance limit for the Ho Chi Minh City Development Joint Stock Commercial Bank from US$75 million to $125 million, and the rollover loan limit from $10 million to $25 million.

Việt Nam jumped 25 places in two years to rank 25th out of 194 countries and territories worldwide in the Global Cybersecurity Index (GCI) in 2020, according to a report released by the International Telecommunications Union (ITU).

Proptech start-up Propzy is seeking to raise US$50 million in series B funding.

The Ministry of Planning and Investment (MPI) has devised two growth scenarios for the second half of 2021, said Deputy Minister Trần Quốc Phương.

Despite being hurt by the COVID-19 pandemic, logistics firm Gemadept JSC is aiming for an increase in revenue and profit this year.

The Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) committed to finance a credit worth VNĐ27.1 trillion (US$1.18 billion) for the Quảng Trạch 1 thermal power plant project.

Tourism businesses and authorities in the northern province of Hà Giang are implementing several solutions to survive amid the COVID-19 pandemic.

Despite being hit hard by the COVID-19 pandemic, HCM City’s economy grew by 5.46 per cent in the first half of the year, according to the city Statistics Office.

SSI Securities Corporation was named the ‘Best Broker in Vietnam’ in 2021 at the Finance Asia Country Awards, which honours the best financial enterprises in the region.

The number of new firms set up in the first half of this year and the capital registered to be poured into the economy hit record high in the first half of this year, reflecting the business optimism on the economic recovery despite the COVID-19 pandemic.

MoMo has completed the acquisition of all the intellectual property rights of Pique AI, a company that provides artificial intelligence (AI) solutions to personalise customer experience for digital businesses.

VietinBank, one of the largest commercial banks in Việt Nam, saw profit soaring by 74 per cent in the first half of this year and completed 77 per cent of the bank's full-year profit plan.

The race to reduce air fares by airlines is directly benefiting consumers, but there is also concern that price reduction could distort the market in the long run.

Shares advanced on Thursday after a slight drop in the previous session, boosted by strong growth of brokerage companies.

Masan Group (HOSE: MSN) and its subsidiary, The CrownX, on July 1 announced the acquisition of the latter’s shares from minority shareholders, increasing Masan’s direct and indirect stakes in it from 80.2 per cent to 84.9 per cent.

A charity store with more than 60 essential items for daily use will remain open until July 4 at the Hiệp Bình Phước Culture and Sports House in Thủ Đức City to succour people affected by the COVID-19 pandemic.

The Ministry of Industry and Trade (MoIT) needs to study and issue/or direct the Việt Nam Electricity (EVN) to issue regulations to synchronously develop the transmission and distribution system to ensure the stable operation of the power system when wind and solar power sources have a high percentage, said Trần Viết Ngãi, Chairman of Việt Nam Energy Association.

The US business community plays an important role in promoting economic partnership between Việt Nam and the US, Deputy Prime Minister Phạm Bình Minh has said.