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

LNG supply agreements to key power projects signed

Aviation industry asks for tax break due to COVID-19

The Ministry of Transport has proposed Prime Minister Nguyễn Xuân Phúc cut several taxes and service prices for the aviation industry, which is being heavily affected by the COVID-19 pandemic.

KTG Industrial starts construction of Nhơn Trạch 3B Industrial Centre phase 2

KTG Industrial, a subsidiary of the KTG Group focusing on industrial development, on March 17 broke ground for the construction of Nhơn Trạch 3B Industrial Centre phase 2 project at the Nhơn Trạch 3 Industrial Zone in Đồng Nai Province.

ABBANK launches promotion for Visa contactless cards

An Bình Commercial Joint Stock Bank (ABBANK) has launched the "Cashless payment - Instant cash back" promotion programme for its Visa contactless cardholders.

Digital transformation expected to boost export of forestry products

Việt Nam’s export value of wood and wood products reached US$1.53 billion in the first two months of this year, marking a year-on-year increase of 10.1 per cent, according to a report by the Ministry of Agriculture and Rural Development.

Ministry makes int’l accounting rules compulsory after 2025

The Ministry of Finance on Monday issued a decision regulating the roadmap for the application of International Financial Reporting Standards (IFRS), replacing the current Vietnamese accounting standards (VAS).

Việt Nam’s garment exports down in two months

Việt Nam saw a year on year reduction of 3.5 per cent in garment exports of the first two months this year to US$5.3 billion due to the impact of the novel coronavirus (COVID-19) outbreak.

Quảng Bình pushes development of B&T wind farm cluster

Expected to cost more than VNĐ8.9 trillion (US$382 million), the Philippines-invested cluster combines two farms.

Experts optimistic about industrial property prospects

Experts are optimistic about industrial property development prospects in Việt Nam, given the country’s rapid integration and improving investment climate.

HCM City asks enterprises to keep prices stable

The HCM City People’s Committee has asked enterprises participating in the price stabilisation programme to increase the amount of goods in the market this year.

Delay forecast for banks’ capital hike plans

The Government’s plans to increase capital for large State-owned commercial banks in the first quarter of this year could be delayed due to the Covid-19 outbreak, analysts predicted.

Đồng Nai to support coronavirus-affected firms

Statistics from the provincial Department of Industry and Trade revealed that the import turnover of local businesses marked a yearly decrease of 9 per cent to US$2.1 billion in the first two months of this year.

VN-Index slides as foreign selling outclasses cheap purchases

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) fell 0.28 per cent to end at 745.78 points.

Safety assessment of Cát Linh-Hà Đông urban railway to be completed soon

The Cát Linh-Hà Đông urban elevated railway, Hà Nội’s first metro project, will be certified as safe for operation soon, according to a representative of the Railway Project Management Unit under the Ministry of Transport (MoT).

Banks, insurers and firms work together to protect the community

During the COVID-19 pandemic, some local banks, insurers and firms have worked together to help further protect the community with different anti-coronavirus packages.

VPBank, Fe Credit donate VNĐ15 billion for fight against COVID-19

Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) and its subsidiary Fe Credit decided to contribute VNĐ15 billion (US$646,500) to the fight against the novel coronavirus (COVID-19) pandemic.

Pork imports up more than 200 per cent

Việt Nam imported nearly 25,300 tonnes pork as of March 15, representing a rise of of 205 per cent over the same period last year, latest updates from the Ministry of Agriculture and Rural Development showed.

Central bank cuts key interest rates to cushion pandemic impact

The State Bank of Việt Nam (SBV) has announced it would cut many key interest rates, starting from today, in an attempt to support the economy which has been hurt by the COVID-19 outbreak.

Pilot project allows fee payment for cars and motorbikes online

Residents in Hà Nội and HCM City will now be able to pay registration fees for cars and motorbikes through the Government’s national public service portal, bank electronic payment channels and intermediary payment service providers.

Ministry tightens corporate bond issuances to prevent risks

Tightening regulations was a way to fill in legislative loopholes in the bond market, not for the purpose of squeezing it

VN and China to promote cooperation on trade activities though pandemic: minister

Việt Nam and China, especially Guangxi Province, need to promote cooperation in resuming trade activities during and after the novel coronavirus (COVID-19) pandemic, according to Minister of Industry and Trade Trần Tuấn Anh.