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Typhoon debt relief measures may impact bank profitability in Việt Nam

Shares end morning higher, HoSE shuts down afternoon trading on high trading value

Vietnamese shares ended on a positive note on Tuesday morning but in the afternoon session Hồ Chí Minh Stock Exchange shut down due to high transaction value affecting system safety.

Standard Chartered expects Việt Nam to continue recording strong performance in 2021

Standard Chartered Bank has forecast that Việt Nam’s GDP growth will accelerate to 6.7 per cent in 2021 and 7.3 per cent in 2022.

Economy

Sacombank unveils big promotion campaign with prizes of gold, iPhones, motorbikes, cars

Sacombank has kicked off the ‘Khai hè rực rỡ - mở màn triệu deal’ campaign with four promotion and lucky spin programmes with millions of valuable prizes such as Audi cars, Vespa motorbikes, 24K gold, iPhones, and office/healthcare equipment.

Economy

Canada assists women-led enterprises in VN

Women-led enterprises now account for 25 per cent of SMEs in Việt Nam, helping to generate jobs and stable incomes for workers.

Economy

VIB increases charter capital, issue bonus shares at 40%

The Vietnam International Bank (VIB) has announced its plan to issue 40 per cent bonus shares to increase charter capital to over VNĐ15.5 trillion (US$665 million).

Economy

Consumer debts put for sale for first time in Việt Nam

Commercial banks have made public the sale of unsecured consumer debt for the first time in the country.

Economy

Vietnam Airlines to pilot digital health passport IATA Travel Pass

The national flag carrier Vietnam Airlines, in coordination with the International Air Transport Association (IATA), will begin piloting the digital health app IATA Travel Pass on June 1.

Economy

IIP grows 10% in May

The index of industrial production (IIP) grew by 9.9 per cent in the first five months of this year over the same period last year.

Business Beat

Bank lending interest rates have bottomed

Interest rates on the interbank market have been rising relentlessly, with the overnight interest ratebeing hiked five timesin less than a month.

Economy

Foreign investors net sold over $438 million in May

Despite gains in the stock market, foreign investors still continued to flee away.

Economy

Seeking balance in controlling disease and sustaining economic activities

In Việt Nam, there are two schools of thought on measures to control the disease and sustain economic activities. It's important to seek a balancing point to minimise the risk and adverse impacts while allowing safe production.

Economy

New master plan for seaports needed to further boost economic development

A new master plan for seaports is needed to further boost the country’s socio-economic development in the rapid international integration process, experts have said.

Economy

Agriculture sector gains high export value in five months

Việt Nam saw a year on year increase of 30.3 per cent in agro, forestry and seafood product exports to US$22.83 billion in the first five months of 2021, reported the Ministry of Agriculture and Rural Development (MARD).

Economy

Bank stocks witness upswing in prices

Bank stock prices have witnessed a dramatic increase since the end of March after plenty of banks announced positive first-quarter business results, as well as news on rising mergers and acquisitions (M&A).

Economy

Shares gain on buoyant banking stocks

A buoyant banking sector drove Vietnamese stocks higher on Monday, soothing the sentiment of skeptical traders during morning declines.

Economy

Masan Group supports frontline COVID forces, localities hit by pandemic

Masan Group Corporation and its affiliates have donated more than 12,000 cartons of products of food and nutritious drinks to support officials manning checkpoints at borders, hospitals and localities with COVID-19.

Economy

Hòa Phát Group acquires Australia's Roper Valley iron ore mine

Vietnamese steel maker Hòa Phát Group on Monday announced that it has acquired the Roper Valley iron ore mine project in Australia.

Economy

Investment into local start-ups expected to rise this year

The investment capital into Vietnamese start-ups this year would see a breakthrough despite a year-on-year decrease of 48 per cent in 2020 to reach US$451 million.

Economy

Dragon Capital sells another 1.8 million shares of Đất Xanh

Dragon Capital's funds continued to sell millions of shares of DXG although the shares are in an upward trend.

Economy

Vietinbank allowed to add $303.1 million to its capital

The Government has approved supplementing capital of nearly VNĐ7 trillion (US$303.1 million) for Vietinbank (CTG) to maintain the State ownership rate at the bank.