The southern province of Đồng Nai last year scrapped the licences it had issued for 531 proposed foreign projects due to slow progress.
Securities firms are shaking up their leadership ranks at the beginning of the year as they want to lift performance amid fiercer market competition.
Viet Capital Bank met most of its business targets in 2019, with pre-tax profits rising by 36 per cent.
Beer is often a best seller during Tết but many retailers have been forced to lower their prices to encourage customers to buy.
Remittances into Việt Nam in 2019 exceed US$2.5 billion, up by 12 per cent compared with the previous year.
Specialities from all parts of the country are being transported to HCM City ahead of Tết (the Lunar New Year).
The Ministry of Finance has revealed that twelve of 136 wholly state-owned enterprises had posted losses of VNĐ720 billion (US$30.9 million) in the first half of last year, and six others faced warnings regarding financial security.
The People’s Committee of Bạc Liêu Province on Tuesday granted an investment certificate to Singapore’s Delta Offshore Energy Pte Ltd Co to develop a liquefied natural gas (LNG)-fired thermal power plant in the province.
Shares made good gains on Tuesday thanks to the push from banking stocks.
The EVFTA includes 17 chapters, two protocols and a number of accompanying memorandums of understandings on trade in goods and services, investment, trade remedies, competition, state-owned enterprises, government procurement and intellectual property.
Prime Minister Nguyễn Xuân Phúc put emphasis on the need for long-term solution to create new drivers of growth and economic impetus to help the country escape the middle-income trap, especially as ageing population has already been underway.
Việt Nam Prosperity Joint Stock Bank (VPBank) announced a record 2019 consolidated pre-tax profit of VNĐ10.3 trillion (US$445 million), exceeding 9 per cent of the yearly plan and up 12.3 per cent compared to 2018.
Prime Minister Nguyễn Xuân Phúc on Monday had a working session with his economic advisory group in Hà Nội.
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) earned pre-tax profit of VNĐ12.8 trillion and revenue of VNĐ21.1 trillion, marking increases of 31.5 per cent and 24.7 per cent year on year, respectively.
Local media firm, Yeah1 Group (YEG), recorded a loss of VNĐ158 billion (US$6.8 million) in the fourth quarter of last year, pushing 2019’s total losses to VNĐ372 billion.
Maintaining exports would be critical for the cement industry amid rising production output and anticipated sluggish domestic sales this year.
Việt Nam stood out as the world’s largest cashew exporter last year but there remains many challenges ahead for the country to retain its leading position in the future.
After being relatively stable last year, the foreign exchange rate of the Vietnamese đồng against the US dollar is forecast to be under bigger pressure due to both internal and external headwinds.