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

Việt Nam speeds up electricity market reforms, eco-industrial park development

VN stocks advance as securities, banking and aviation industries rise

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 1.6 per cent to close at 861.16 points.

Guiding decrees needed to fight with transfer pricing

Anti-transfer pricing measures were included in the law on tax administration for the first time, but a guiding decree has not yet been written. Experts said this could mean the rules are less effective.

Telecommunication revenue grows slightly due to COVID-19

The growth was lower than in the same period last year at 7.2 per cent.

Việt Nam's coffee exports up in H1

Việt Nam exported 955,000 tonnes of coffee, worth US$1.6 billion in the first six months of 2020, according to the Department of Import and Export under the Ministry of Industry and Trade.

VinSmart launches Vsmart Aris 5G smartphone

VinSmart Research and Manufacturer Joint Stock Company, an affiliate of Vingroup, on Monday announced smartphone Vsmart Aris 5G, marking its trial manufacture of the first domestic terminal incorporating 5G technology in Việt Nam.

ACV revenue and profit to tumble

The ACV estimated it would record total revenue of VNĐ11.3 trillion (US$489.3 million) and total profit before tax of more than VNĐ2 trillion.

EVFTA expected to give a lift to real estate sector

Many segments of the real estate market are soon expected to benefit from the EU-Việt Nam Free Trade Agreement, which takes effect in August.

VIB's journey to large retail bank

Vietnam International Bank (VIB) aims to earn pre-tax profit of VNĐ4.5 trillion (over US$193 million) in 2020, up 10 per cent year-on-year.

P2P firms waiting for a sandbox

Peer-to-peer (P2P) lending companies expect that the sandbox for fintech would eliminate unscrupulous businesses and help the market grow significantly.

Legal framework being improved to implement EVFTA

Tax policies are being specified while customs procedures simplified to improve the legal framework to facilitate the European Union – Việt Nam Free Trade Agreement (EVFTA) enforcement.

National retail sales, service revenues up in June

Online shopping has become increasingly popular, especially when social distancing measures were put in place.

EuroCham proposes Gov’t to cut 50 per cent of registration fee for imported cars

The European Chamber of Commerce in Việt Nam (EuroCham) proposed the Government to apply the 50 per cent registration fee reduction to all automotive assembly firms, importers and dealers of new vehicles.

Đà Nẵng sees negative economic growth for first time in over 20 years

Due to the coronavirus pandemic, the central city of Đà Nẵng saw its GRDP for the first half of the year contract by 3.61 per cent from the same period in 2019, the first time since the city became a centrally-run locality in 1997.

Shares to correct amid lack of positive news

Shares are forecast to experience volatility and correction this week because the absence of supportive information may negatively influence the stock price movement.

Stock market players hail covered warrants on 1st anniversary

One year after they were introduced on the Hồ Chí Minh Stock Exchange, covered warrants have had a positive impact on the market, helping increase liquidity for their underlying stocks.

Việt Nam to go digital or lose out: Deputy PM Đam

Deputy Prime Minister Vũ Đức Đam highlighted the role of digital transformation when he met with leaders from the Ministry of Information and Communication (MIC) and the Việt Nam Computer Association, as well as members of the IT community, at a seminar on July 3.