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

IPO wave forms among brokers as firms gear up for market upgrade

85% of businesses listed on stock market report profit growth in Q3

As many as 706 enterprises, 85 per cent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.

Tourism to boost hotel real estate segment in Việt Nam

Last year, Viet Nam received 15.5 million international tourists, up 19.9 percent over 2017, according to the Vietnam National Administration of Tourism (VNAT).

EVN told to stick to tiered pricing model

Việt Nam's largest electricity producer barely managed to break even during 2016-18 and lacks resources to maintain financial stability and growth.

"Week of Đồng Tháp Specialities" kicks off at Big C in HCM City

The "Week of Đồng Tháp Specialities in HCM City 2019", which opened at Big C An Lạc in HCM City's Bình Tân District on November 8 and will run until Sunday, aims to expand the consumption market of the province's specialities.

VN-Index slides for second day

Việt Nam’s benchmark VN-Index fell for a second day as investors continued to take profits from the market’s recent rally, sending large-caps lower.

Việt Nam's 2019 national brand value reach $247b, in strong brand group

Việt Nam’s national brand value increased US$12 billion to reach $247 billion in 2019, up 5.4 per cent over 2018’s value, according to the Brand Finance’s annual report on the most valuable and strongest national brands 2019.

ZF opens first plant in Việt Nam

Germany’s ZF Friedrichshafen, a global technology company, inaugurated its first plant producing chassis modules for cars in northern Hải Phòng city on Friday.

Red tape to continue to act as a drag on HCM City apartment supply

With developers not announcing plans for new launches, apartment supply in HCM City is expected to fall in the fourth quarter to 5,000-6,000 units, according to real estate consultancies.

Việt Nam's Sky Mavis secures $1.5 million funding led by Animoca Brands

Sky Mavis, the parent company of blockchain-based game Axie Infinity, closed their funding round at US$1.5 million led by Animoca Brands with participation from Hashed, Pangea Blockchain Fund, ConsenSys, and 500 Startups.

REE raises ownership in Mường Hum Hydro Power to 49 per cent

The Refrigeration Electrical Engineering Corporation (REE) has raised its ownership in Mường Hum Hydro Power Co Ltd (MHP) to 49 per cent by completing the acquisition of MHP shares.

Ministry of Industry and Trade asks for supplement license of solar and wind power

In case of severe shortage of electricity when the hydroelectricity is insufficient, the leader of industry and trade sector asked for 8,000 MW of solar power and 3,000 MW of wind power.

HDBank named among top 10 leading profitable banks

HDBank reported a growing pre-tax profit in the third quater, a year-on-year increase of 51 per cent.

Việt Nam, Algeria seek to promote trade, investment at SIPA 2019

Vietnamese Trade Counsellor in Algeria Hoàng Đức Nhuận attended the 8th International Exhibition of Fishing and Aquaculture (SIPA 2019), seeking to promote trade and investment with Algeria.

Vietnamese goods week opens in Thailand

Up to 35 Vietnamese and Thai businesses operating in processing, garment-textile, household utensils and food are showcasing their products at an expo in Bangkok, Thailand.

HCM City prepares to host Việt Nam Information Security Day

The annual Việt Nam Information Security Day will be organised on November 21, the Việt Nam Information Security Association and the HCM City Department of Information and Communication have announced.

West Ocean Invest JSC to sell more than 41 million shares of GTNFood

West Ocean Invest JSC currently holds 71.3 million shares at GTN, equivalent to ownership of 28.52 per cent.

PVN tops profit chart

The list names the 500 most profitable enterprises in Việt Nam.

Opportunities could be missed if no sandbox model is developed

A sandbox is a regulatory field where technological firms operate and test new ideas to help the local economy catch up with the latest global developments.

Lancang-Mekong forum seeks to enhance business linkages

Senior officials from government ministries, regional organisations, food processing, and import-export enterprises from the Mekong-Lancang region discussed innovation in the food processing industry at a forum held in HCM City on Thursday.

Enterprises, universities and gov’t collaborate to support key industrial products

Cooperation between the State, scientists, commercial banks and enterprises is needed to strengthen the development of HCM City’s key industrial products, a city official said at a seminar held yesterday (Nov 7) by the city’s Department of Industry and Trade.