Việt Nam News

Việt Nam’s insurance industry maintained positive growth in the first half of this year, with total revenue surging by 24.35 per cent year-on-year to nearly VNĐ71.15 trillion (US$3 billion), the Ministry of Finance’s Insurance Supervisory Authority (ISA) reported on Thursday.

Though trade between India and Việt Nam in basic chemicals, cosmetics, dyes, and paper products has grown significantly, there is still huge untapped potential, the Indian consul general in HCM City has said.

More Vietnamese businesses should seek trade with Norwegian businesses via e-commerce, experts said at a conference held in HCM City yesterday.

The growth in quantity and quality of 4G services and hopes for a strong 5G network has created a firm foundation for the digital content sector.

The Military Industry-Telecoms Group Viettel and MobiFone will provide a pilot 5G network in HCM City at 10 locations near Viettel's building in District 10, and at 12 MobiFone locations in district 1 and 7.

Vietnamese enterprises are being encouraged to tap into business opportunities in Canada as the nation actively calls for foreign investment in the wake of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially coming into effect.

Korean investment in Việt Nam is expected to rise further, increasing demand for labour, according to the Korea Trade-Investment Promotion Agency (Kotra).

Trading in covered warrants began on the Hồ Chí Minh Stock Exchange yesterday (June 28).

Efforts to develop an information technology (IT) workforce were highlighted during a dialogue between Prime Minister Nguyễn Xuân Phúc and representatives of leading Japanese technology groups in Japan on Friday.

The two sides will share knowledge and best practices in setting up, managing and developing scientific-industrial parks and incubators.

Saigon Co.op has bought out French company Auchan Retail’s operations in Việt Nam, which include 15 retail stores and an e-commerce platform.

FPT Corporation targets to have 10,000 software engineers working in the central city of Đà Nẵng by 2023, making the city a centre of digital human resources.

Thiên Minh Aviation Joint Stock Company was granted business registration to establish an airline with charter capital of VNĐ1 trillion (US$43 million), becoming the sixth airline in the country.

The VietFund Management (VFM) will sell all its shares at the Asia Commercial Bank (ACB).

Việt Nam has become an ideal eco-system for both domestic and foreign start-ups, and the effects are showing, with start-ups mushrooming all over the place. Việt Nam News’s Thu Ngân spoke to fund managers and executives at successful start-ups and asked them about the phenomenon.

Vietnamese banks are planning to raise capital in international bond markets as they face growing pressure to hike capital to satisfy Basel II standards by early next year.  

Việt Nam has a lot of agricultural products and local specialities in high demand but most of them are still distributed through intermediary sellers and traditional markets.

Tariffs on imported products including fruit and frozen foods from six member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will be reduced to zero backdated to January 14 this year to 2022.