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

Fitch upgrades Việt Nam's long-term senior secured debt instruments to 'BBB-'

Việt Nam to produce $20 smartphones

Việt Nam is planning to produce new smartphones costing just VNĐ500,000 (US$20).

Covid-19 brings losses to flower growers

Days before International Women’s Day (March 8) are often the best for flower sellers at Tây Tựu Flower Village in Hà Nội, but the continuing Covid-19 epidemic has cut sales of flowers in half this season.

Vietnamese banks see improved solvency

Rated banks in Việtnam posted solid profit growth and asset quality improvements in 2019, benefitting from the country's robust macro-economic environment, Moody's Investors Service said.

Work set to restart on Côn Đảo Passenger Port

The southern province of Bà Rịa-Vũng Tàu is expected to restart work on the Côn Đảo Passenger Port at a revised cost of VNĐ158 billion (US$6.8 million).

Vĩnh Long to spend $111.9m for public projects in 2020

Vĩnh Long Province will spend more than VNĐ2.6 trillion (US$111.9 million) for public projects this year, focusing on areas such as agriculture, social security, urban and rural development.

Newly-established firms up but capital down in two months

The number of newly-established firms rose 9.1 per cent to 17,400 in the first two months of this year, according to the General Statistics Office (GSO).

COVID-19: VN needs to respond properly in any circumstances

Analyst's Pick: The sharp increase in COVID-19 cases outside China signals a new phase in the fight against the novel coronavirus spreading which have already been damaging the world economy.

Equitisation vital for stock market growth

The successful equitisation and capital divestment of State-owned enterprises (SOEs) would create benefits that boosted the stock market and business performance, experts have said.

Banks offer aids to 44,000 COVID-19 affected customers

Credit institutions have so far supported more than 44,000 COVID-19 affected customers following directions from the State Bank of Việt Nam (SBV), an official reported on Monday.

Businesses seek Government support amid Covid-19 losses

The coronavirus outbreak has affected the country’s economy, with production for exports and services suffering the most.

VN posts trade deficit of $176 million in two months

Việt Nam reported an estimated trade deficit of US$176 million in the first two months of the year, according to the General Statistics Office of Vietnam (GSO).

Việt Nam needs more trees: experts

The forestry sector has set a target of US$20 billion of annual export turnover for wood and wooden products by 2025, increasing from the current $9.45 billion.

VN stocks recover slightly despite foreign selling

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange edged up 0.25 per cent to close at 884.43 points.

Yên Bái approves projects worth nearly $130m

Yên Bái is home to more than 2,140 enterprises, creating 38,000 local jobs. Last year, the firms contributed VNĐ1.17 trillion ($50.3 million) to the local budget, accounting for 54 per cent of the province’s revenue.

Vietnamese asparagus could enter Australian market this month

Việt Nam could export asparagus to Australia this month, according to the Việt Nam Trade Office in Australia.

Portal to support SMEs in Hà Nội launched

The small and medium-sized enterprises (SME) Support Center under Hà Nội's Department of Planning and Investment has officially put into operation a portal to support businesses at hotrodoanhnghiep.hanoi.gov.vn.

State budget collection tops $9.3 billion in two months

Total State budget collection was estimated at VNĐ214.2 trillion (US$9.31 billion) in the first two months of this year, or 14.2 per cent of the yearly estimate, reported the General Statistics Office on February 29.

Cyberspying groups haunt intel in Southeast Asia

Major advanced persistent threat (APT) groups have increased their activity and are waging sophisticated cyberespionage in the Southeast Asia region, according to cyber-security company Kaspersky.

Samsung starts construction of new R&D centre in Việt Nam

Sharp contraction in Việt Nam’s manufacturing output amid COVID-19 disruption

The Vietnam Manufacturing Purchasing Managers' Index (PMI) fell below the 50.0 no-change mark in February, signalling a deterioration in business conditions, a survey of IHS Markit and Nikkei released on Monday showed.