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Typhoon debt relief measures may impact bank profitability in Việt Nam

VN the only country to have its outlook improved by three credit rating agencies

The S&P Global Ratings announced late last week that it had retained Việt Nam’s sovereign credit rating and improved its economic outlook to 'positive' from 'stable'.

Masan Consumer to pay cash dividend of 45 per cent

Masan Consumer (MCH) will pay a 45 per cent cash dividend for 2020 on June 14.

Economy

Masan in strategic tie-up with Phúc Long to open coffee-tea kiosks at VinMart+ stores

The Sherpa Company Limited, a subsidiary of Masan Group Corporation, announced on May 24 the signing of an agreement to acquire 20 per cent of Phúc Long Heritage Joint Stock Company for US$15 million.

Economy

Việt Nam-Australia trade revenue surges nearly 34 per cent

Boasting fast economic growth, expansion of middle-class population, young and dynamic workforce, stable socio-political environment, and better business climate, Việt Nam is truly an ideal destination for Australia firms.

Economy

Transport sector faces numerous difficulties due to COVID-19

Bus companies, railway and airline firms have been struggling to survive amid the impacts of COVID-19 for a year and a half.

Economy

MoF considering easing tax burden on individual landlords

The General Department of Taxation under the Ministry of Finance is studying a proposal on increasing the threshold of taxable revenue for landlords renting out houses.

Economy

Investment in HCM City industrial parks, zones up 23%

Investments in HCM City’s industrial parks and processing zones have risen by nearly 23 per cent year-on-year so far this year to US$236.1 million.

Business Beat

Inflation threat returns with global economic recovery

The prices of many goods have shown signs of rising, which poses the question, “Is inflation about to rear its head?”

Economy

SP Group partners BCG Energy to grow renewable energy portfolio in Việt Nam

SP Group has signed a memorandum of understanding with BCG Energy Joint Stock Company, a wholly owned subsidiary of Bamboo Capital, that provides it exclusive rights to purchase 49 per cent of the latter’s subsidiary, Skylar Joint Stock Company.

Economy

Market to rally despite early corrections

Experts from securities companies said although the market may experience corrections early this week, it will soon return to an uptrend thereafter.

Economy

Indian companies eye Việt Nam medical devices market

Việt Nam could become a major export market for Indian medical device makers and also act as a springboard to other ASEAN countries, according to the Engineering Export Promotion Council of India.

Economy

HoSE's revenue surges 39 per cent in 2020 on strong investment inflows

Revenue from stock trading services accounted for 87 - 88 per cent of net revenue in both exchanges.

Economy

Bình Dương certifies $1b worth of FDI

Bình Dương Province approved nearly US$1 billion worth of new foreign investment on May 21.

Economy

What to do after a data leak

When faced with a data breach, victims are not always helpless and can take steps to prevent the situation from worsening, but it is always essential for them to act quickly, a leading expert has said.

Economy

Thaco cancels public company registration

A recent announcement from The State Securities Commission of Việt Nam (SSC) revealed the cancellation of the public company registration of Trường Hải Auto Corporation (Thaco) since January 1, 2021.

Economy

Dairy firms pledge steady supply, prices under HCM City programme

HCM City will continue with its annual price stabilisation programme for dairy products well past the Lunar New Year early next year, according to its Department of Industry and Trade.

Economy

Wind power sector attractive to investors, construction firms

With an increasing demand for electricity in Viet Nam, the wind power construction sector has flourished, with local and foreign firms getting in on the action.

Economy

More investors flock to smart-home market

The smart-home market is attracting much interest from foreign and local companies due to its enormous potential, with experts estimating it to grow into a behemoth worth millions of dollars.

Economy

Manufacturing industries face difficulties due to shortage of chips

Few Vietnamese enterprises can make a chip from start to finish

Economy

Industrial parks try to keep factories open amid COVID-19 outbreak

The spread of COVID-19 has wreaked havoc in Bắc Giang and Bắc Ninh provinces in recent days and forced many businesses in industrial parks (IPs) and export processing zones (EPZs) with thousands of workers to suspend their operations.