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

Việt Nam’s GDP growth may reach 10% in 2026 under upside scenario: VinaCapital

Japanese firm plans Việt Nam move

A Japanese total solutions company that concentrates on fashion and beauty is moving to Việt Nam.

Anti-panic commodities trading floor founded amid pandemic

The trading floor vnshop.vn was launched on Saturday by CIB Corporation to help local authorities, manufacturing companies, logistic companies and consumers suffer less from virtual demand and supply fluctuations.

Long An Province asks Government to lift restrictions on sticky rice exports

Long An Province has called on the Ministry of Industry and Trade to scrap all restrictions on the export of sticky rice since it has around 56,000 tonnes of stocks.

COVID-19 yet to affect HCM City office space market

Though the COVID-19 pandemic has cast a shadow over the global economy, the HCM City office space market has not been badly affected this year, according to property consultancy companies.

Phú Nhuận Jewellery sees revenue up but profit down in Q1

Phú Nhuận Jewellery JSC (PNJ), the largest jewellery retailer in Việt Nam, reports revenue up 5 per cent but profit down 4 per cent in the first quarter of this year.

Cash-rich firms more resilient amid pandemic

Investments in companies with strong finances help safeguard returns during market crises because businesses with ample cash will be better able to cope with challenges and recover faster than others.

Housing prices unlikely to drop despite pandemic: experts

Experts believe that the real estate market is unlikely to fall into a crisis and housing prices will remain stable because market demand remained high while supply is limited.

Travel industry demands coronavirus support

The HCM City Department of Tourism said it has submitted to the State Bank of Việt Nam a list of 31 travel and tourism firms that are seeking help to make it through the disruption caused by the COVID-19 pandemic.

FDI enterprises preparing for life after pandemic

Like domestic enterprises, the disruption of China’s manufacturing network and falling demand from foreign partners have forced foreign-invested firms to scale down operations.

PV Gas set for huge profit decrease

The firm predicts it will record more than VNĐ66 trillion (US$2.79 billion) in sales and VNĐ66.2 billion in profit after tax for 2020, down 13 per cent and 45 per cent respectively compared to last year.

Stocks extend rallies on economic recovery hopes

Việt Nam’s benchmark VN-Index on the Hồ Chí Minh Stock Exchange added 1.14 per cent to end this week at 789.60 points.

Thailand Delta Electronics PCL to establish subsidiary in Viet Nam this year

Thailand’s Delta Electronics PCL has recently announced that it will establish a new subsidiary in Viet Nam within the second or third quarter of this year.

Visa Foundation commits $210m to support small and micro businesses

The Visa Foundation has recently announced a commitment of two programmes totalling US$210 million to support small and micro businesses, aligning with the foundation’s long-term focus on women’s economic advancement and inclusive economic development.

Coffee industry to face more losses in Q2

Việt Nam's coffee industry will probably suffer more losses in the second quarter due to the novel coronavirus (COVID-19) pandemic, Phan Xuân Thắng, Vice Chairman of the Việt Nam Cocoa and Coffee Association, has said.

Airlines and railway firms get payment fee reduction of 35 per cent

Three airlines, Vietnam Airlines, Vietjetair and Bamboo Airways, as well as Vietnam Railways are eligible for a 35 per cent reduction in fees at Vietcombank from now until December 31.

Moody's reaffirms B1 credit rating for HDBank despite pandemic challenge

Global credit ratings agency Moody's Investors Service has reaffirmed the B1 credit rating for HDBank amid a challenging market situation due to the impact of the Covid-19 pandemic and social distancing orders from the Government.

Vietnamese banks' rating outlooks lowered on COVID-19 impact

Fitch Ratings has revised the outlook on the long-term issuer default ratings (IDRs) of two State-owned banks and a wholly foreign-owned bank in Việt Nam to Stable from Positive, and the outlooks for two joint stock commercial banks to Negative from Stable.

Bình Phước cashew processors face shortage of capital, raw materials

Bình Phước Province, known as the "capital of cashew" in the country, is facing problems processing cashews due to limited raw materials and capital.

Industrial realty still grows during pandemic

While many realty segments have suffered losses from the pandemic, industrial realty business have kept growing in Việt Nam.

IFC works with Việt Nam to expand export markets for agricultural produce

International Finance Corporation (IFC) and the Plant Protection Department under the Ministry of Agriculture and Rural Development have signed a memorandum of understanding (MoU) to support the Vietnamese Government’s efforts to expand export markets for its agricultural produce.