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

Việt Nam’s rice race heats up with fresh push for quality gains

Banks unexpectedly cut lending rates to aid businesses

Some banks have unexpectedly announced they would cut interest rates on Vietnamese đồng loans in the Government’s priority sectors to support firms in 2019, starting from today.

Promotion agency enhances investment activities in Hà Nội

Investment, trade and tourism promotion activities in Hà Nội have been enhanced significantly through effective operation of the Hà Nội Promotion Agency (HPA), which has contributed to improving the investment and business environment, as well as overall economic growth of the capital city.

Large-caps lift VN-Index for second day

Vietnamese shares were mixed on Thursday morning while property developers made strong gains to cushion market sentiment.

Hanoi Gift Show 2019 to promote local handicraft products

The eighth edition of the Hanoi Gift Show 2019 to be held from October 17-20 will include about 650 booths featuring handicraft products from traditional handicraft businesses from Hà Nội and around the country.

Credit institutions expect improvemed business results

Under the business sentiment survey conducted in June, which covered all domestic and foreign banks in the country, many banks also expect an upward trend in their business for the whole of 2019.

VIB launches two new packages, gives away gold rewards

According to VIB, Sapphire and Gold package users will have these fees waived for an initial three months.

US Fed cuts key interest rate to 'insure' against global uncertainties

The US Federal Reserve, under intense pressure from President Donald Trump to stimulate the economy, yesterday cut the benchmark interest rate for the first time in more than a decade but struggled to justify the move or explain where it goes next.

Hoa Sen after-tax profit surges 94 per cent

Steel maker Hoa Sen Group has reported a 94 per cent jump year-on-year in third quarter profit after tax to VNĐ161 billion (US$6.9 million).

Underground parking areas a must for Hà Nội

With the number of cars and bikes on the rise, Hà Nội should accelerate planning for underground parking, experts have said.

HDBank reports record profit

The HCM City Development Joint Stock Commercial Bank, or HDBank, has reported a record pre-tax profit of VNĐ2.211 trillion (US$95.36 million) for the first half of the year.

Textile-garment sector expects another great year for exports

Enhancing competitiveness for agricultural products

Export is a profitable solution to serve people's life; therefore, it is necessary to prioritise serving the domestic market first, said Minister of Agriculture and Rural Development (MARD) Nguyễn Xuân Cường.

Việt Nam artificial intelligence day to showcase latest tech

The 2019 Việt Nam artificial intelligence day (AI4VN) is scheduled to take place on August 15 and 16 in Hà Nội, featuring exhibitions, workshops, and performance of advanced technologies.

Gov’t urges more work for connections to NSW

Deputy Prime Minister Vương Đình Huệ on Wednesday asked ministries to speed up the connection of administrative procedures under their management to the national single window (NSW) as the work remains slow.

Workshop on open-ended mutual funds seeks to educate young investors

The open-ended mutual fund market has developed rapidly in recent years, with quarterly growth averaging 17.6 per cent since 2016, a workshop on investors and open-ended funds heard in HCM City yesterday.

Shares recover on strong first-half earnings

Shares recovered on Wednesday, propped up by major blue chips with strong first-half earnings.

Seven-month trade surplus tops $1.8 billion

Việt Nam posted a trade surplus of US$1.8 billion in the first seven months of the year, much lower than $2.6 billion trade surplus seen in the same period last year, the latest report from the General Statistics Office (GSO) revealed.

Up-coming seminar: “Việt Nam-US direct route: ready for taking off"

The Việt Nam Association on Aviation Science and Technology and Bamboo Airways plan to hold a seminar on opportunities and challenges when opening Việt Nam - US direct flights.

Rubber group sees both revenue and profit rise

The figures represent 31.4 per cent of the revenue target and 25.5 per cent of the profit target for this year.

Four Vietnamese firms in Forbes Asia’s 'Best Under A Billion' list

Bình Dương Minerals and Construction Joint Stock Company, Đất Xanh Group, Đồng Nai Port Joint Stock Company and Phú Tài Joint Stock Company were all listed.