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

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

Banks expect credit growth extension

Many commercial banks are proposing the central bank to extend credit growth limits as they have so far nearly reached the allowed threshold.

Failed projects to receive no more cash: Deputy PM

Seven of the 12 projects are dealing with legal battles over contracts. As attempts to settle disputes have failed, some cases now must go before international courts.

VN firms urged to boost export of medical supplies

To capitalise on the global demand for medical protective equipment, Vietnamese companies need to proactively study markets, demand and quality standards, experts have said.

Việt Nam to export two more coronavirus test kits to Europe

Both kids are manufactured by Thái Dương (SunStar JSC) and have received market authorisation in the EU.

Conference seeks ways to promote lychee consumption

More than 2,300 people attended a teleconference on Saturday promoting lychee consumption at home and abroad held in the northern province of Bắc Giang.

Việt Nam agriculture to be world’s top 15 most developed

Việt Nam will strive to be among the world’s top 15 most developed countries in agriculture by 2030 with agricultural processing to rank in the world’s top 10.

Kiên Giang steps up export promotions

The Mekong province of Kiên Giang is taking steps to promote exports to compensate for damages caused by the effects of COVID-19 and saline intrusion.

SMEs urged to have deep understanding on EVFTA

The EU - Việt Nam Free Trade Agreement (EVFTA) is expected to bring both opportunities and challenges for businesses, especially small-and-medium sized enterprises (SMEs). This was why SMEs should fully understand the provisions of the EVFTA.

Foreigners allowed to own homes in 22 commercial housing projects

Currently, foreigners in Việt Nam can own up to 30 per cent of apartments in some projects, but demand has far exceeded this level.

HCM City to organise fair to stimulate consumer demand

The HCM City Department of Industry and Trade will for the first time in several years allow businesses to offer promotions of up to 100 per cent in June and July to boost demand that has taken a hit from the Covid-19 pandemic.

Loan dues extended to fight economic downturn

Credit growth rates of the banking sector in the first few four months of the year were lower than a year ago

HCM City turns attention to reviving economy

The chairman of the HCM City People’s Committee has urged agencies to have specific solutions to support enterprises as part of its effort to gradually revive business activities following the containment of the COVID -19 pandemic.

Central bank plans to pilot fintech regulatory sandbox

The State Bank of Việt Nam is planning to pilot a regulatory sandbox which would allow fintech companies to participate in providing some banking services starting from 2021.

Shares rise for third day in a row

Shares gained for the third consecutive session on Friday thanks to a strong cash flow poured in heavyweight stocks.

Vinamilk honoured in Top 50 best listed companies, Forbes Vietnam

Vietnam Dairy Products Joint Stock Company (Vinamilk) was honoured in the list of ‘Top 50 best listed companies’ by Forbes Vietnam Magazine.

PXP Asset Management to sell investment funds

PXP Vietnam Asset Management is looking for buyers for the two funds’ portfolios

HCM City industrial production recovers in May

HCM City’s index of industrial production is expected to increase by 7.94 per cent month-on-month in May but decline by 7.16 per cent from a year earlier, according to the city Statistics Office.

Sacombank sets to achieve $110.6 million in pre-tax profit in 2020

Shareholders of Saigon Thương Tín Commercial Joint Stock Bank (Sacombank) approved the bank’s financial statements for last year, a number of targets for this year, profit distribution plans and other important proposals at its annual general meeting held online on June 5.

Tax revenue in five months equal to 97.6% of 2019's figure

State budget revenue was estimated at nearly VNĐ500 trillion (US$21.5 million) in the first five months of this year, equal to 97.6 per cent of the same period last year.

MoIT denies rumours of Sabeco share purchase

Recently, some news outlets reported ThaiBev was planning to sell beer producer Sabeco and the ministry could buy the firm at a price of VNĐ130,000 (US$5.6) per share.