Việt Nam News

The latest products and services in housing, architecture and interior and exterior decoration are on display at the Vietbuild International Exhibition that opened in HCM City yesterday (October 25).

Though regulations against exchanging foreign currency at unlicensed outlets have existed since 2014, many people are not aware of the rules.

The domestic fishing industry should promote production of tra fish and shrimp by the end of this year to take advantage of the export potential of both commodities on the word market, according to the Ministry of Agriculture and Rural Development (MARD).

The Viettel Enterprise Solutions Corporation aims to become the leading national blockchain technology provider in the next five years.

Billionaire Phạm Nhật Vượng has moved up in the Forbes rich list as of October 25, 2018.

Việt Nam’s first car manufacturer VinFast and Vietnam Oil Corporation (PV Oil) on Thursday signed a Memorandum of Understanding (MoU) on implementing charging stations and leasing batteries for electronic vehicles.

The State Bank of Việt Nam (SBV) on Thursday held a conference to close the Financial Sector Modernisation and Information Management System Project (FSMIMS).

The Ministry of Industry and Trade (MoIT) wants to take advantage of market and policy opportunities to promote automobile manufacturing projects of domestic automakers including Trường Hải Auto Corporation (Thaco), Thành Công Group and VinFast.

The chairman of the Central Economic Commission has said that IoT would help upgrade the manufacturing sector, accelerate national growth and build a smart society.

More and more banks are entering the e-wallet business as they see huge growth potential in the wake of the Government’s plan to reduce cash payments to below 10 per cent of all transactions by 2020.

The State Treasury of Việt Nam collected VNĐ2 trillion (US$85.65 million) through Government bond auctions at the Hà Nội Stock Exchange (HNX) on Wednesday.

The Việt Nam Technological and Commercial Joint Stock Bank (Techcombank)’s pre-tax profits hit VNĐ7.77 trillion (US$332.9 million) in the first nine months of the year, posting 61 per cent increase over the same period last year.

The Government should develop Hà Nội and HCM City into financial centres as local businesses lack capital markets, National Assembly (NA) deputy Phạm Phú Quốc said on Tuesday.

With the US-China trade war escalating, Việt Nam may be able to increase exports of items like furniture, agricultural products, and leather products to the US, a conference heard in HCM City yesterday.

More than 70 Vietnamese and 120 foreign firms are showcasing advanced wood-processing technology, machinery and raw materials at the Việt Nam BIFA Wood 2018 exhibition which opened on Wednesday in Bình Dương Province. 

Global uncertainties, such as the impacts of the Fed’s rate hikes and the spiralling US-China trade war, have triggered questions about whether the lending interest rate in Vietnamese đồng will increase and in what direction foreign exchange rates will move.

Bottom purchase demand increased towards the end of Thursday’s trading session while selling pressure lessened, helping narrow the market’s downward trend significantly.

Việt Nam’s benchmark VN Index fell for a fifth straight session on Wednesday, dragged down by oil stocks amid low liquidity and investors’ worries over the market’s short term prospects.