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Typhoon debt relief measures may impact bank profitability in Việt Nam

Shares climb on strong cash flow

Vietnamese stock markets climbed on Friday as a series of large-caps stocks rallied thanks to a strong injection of cash into the stock market.

Wind power survey project contracts signed

The La Gàn Wind Power Development Corporation has signed two contracts to carry out surveys for possible wind power projects in Việt Nam worth several million US dollars.

Economy

Sacombank Mastercard cards get more protection features

Sacombank and Mastercard have collaborated to offer ‘purchase protection’ and ‘ATM protection’ features in their payment cards.

Economy

Proptech firms catch the eye of foreign investors

Vietnamese property technology (proptech) firms are attracting the attention of both foreign and domestic investors keen to grab a larger share of the country’s US$500-millio- market.

Economy

India launches anti-dumping probe on solar panels from Việt Nam

The Indian Ministry of Commerce and Industry has launched an anti-dumping probe into solar cells originating from China, Thailand, and Việt Nam, according to the Ministry of Industry and Trade (MoIT).

Economy

Japanese giant ENEOS Corporation continues to buy stakes of PLX

ENEOS Corporation has just registered to buy 25 million shares of Viet Nam National Petroleum Group (Petrolimex, PLX). The deal is conducted through order matching on stock exchange between May 14 and June 22.

Economy

Banks warned about loans to big corporate customers

The State Bank of Việt Nam (SBV) has warned commercial banks about rising bad debts and loans from large corporate customers whose credit values top VNĐ500 billion (US$21.5 million) each.

Economy

Plan for implementation of UKVFTA adopted

The plan aims to assign tasks and responsibilities to agencies and organisations and decide on measures to implement the deal fully and effectively.

Economy

DIC to mobilise $87 million by issuing bonds

The move was approved at the annual general shareholder meeting of DIC Group this year.

Economy

Hà Nội strengthens promotion for farm produce, establishes a resilient agriculture

Hà Nội was strengthening trade promotion activities for farm produce to establish sustainable value chains and build a resilient agriculture because of the COVID-19 pandemic.

Economy

Foreign enterprises place trust, raise investment in Đồng Nai

The trust of investors in the local business climate and support from authorities for enterprises are among the main factors that have helped the southern province of Đồng Nai almost reach its foreign direct investment (FDI) target for the year.

Economy

Hà Nội to add more bus routes in suburbs

Currently, the bus system only meets 15 per cent of the travel demand of Hà Nội residents.

Economy

Shares gain on financial stocks and heavy-weights

Vietnamese stock markets ended Thursday on a positive note, largely led by gains in financial shares and heavy-weight stocks.

Economy

Moody’s may upgrade VPBank’s ratings

Moody’s Investors Service has announced that it is considering upgrading a series of important ratings for VPBank.

Economy

Tourism-related firms face bankruptcy due to pandemic

Many tourism-related firms those have borrowed from banks are facing foreclosure due to the latest outbreak of COVID-19 infections.

Economy

Electric vehicles set to revolutionise Việt Nam’s roads

For visitors to Việt Nam, one of the most striking images is that of the bustling roads, with a huge number of motorbikes battling for space with cars, trucks and public transport.

Economy

E-commerce vital to help local firms boost exports

Việt Nam has one of the fastest-growing e-commerce sectors in the world. Last year, local e-commerce revenue grew 18 per cent to reach US$11.8 billion, accounting for 5.5 per cent of total retail sales of consumer goods and services nationwide. The COVID-19 pandemic has created tremendous pressure for change and new ways of doing business for firms, even small ones. The need for support from major e-commerce platforms that operate on a global scale is vital for local firms to overcome the difficulties of the pandemic. Lại Việt Anh, deputy director of the Việt Nam e-Commerce and Digital Economy Agency (IDEA) under the Ministry of Industry and Trade, speaks about the issue.