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Typhoon debt relief measures may impact bank profitability in Việt Nam

Coffee chains, foreign and local, keep expanding

Since entering Việt Nam last October, Thailand’s leading beverages chain Café Amazon has opened an outlet each in Bến Tre, Tiền Giang and Trà Vinh provinces and HCM City, and has plans to expand across the country.

HAGL Agrico plans revenue down by 20% this year

Hoàng Anh Gia Lai International Agriculture Joint Stock Company (HAGL Agrico or HNG) sets a net revenue target of VNĐ1.89 trillion (US$82.2 million) this year, down 20 per cent compared to 2020.

Economy

WeWork names new GM for Australia, Southeast Asia

Shared workspace provider WeWork has named Balder Tol its general manager for Australia and Southeast Asia.

Economy

Thanh Hóa attracting more agriculture investment

Thanh Hóa Province has seen increasing investment in agriculture in the last five years, especially from big investors.

Economy

Thanh Ha lychees now available on Lazada

Thanh Hà lychees from the northern province of Hải Dương are now officially on sale on one of Việt Nam's leading online marketplaces, Lazada, according to the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (Vietrade).

Economy

Property ‘fever’ expected to break in 2nd quarter

Analysts expect investment in property to sharply decrease in the second quarter of this year, cooling down the so-called price “fever”.

Economy

ACB get nod to increase capital to over VNĐ27 trillion

The State Bank of Việt Nam has given the green light for Asia Commercial Bank (ACB) to increase itscharter capital by more than VNĐ5.4 trillion (US$235 million), by issuing 540 million shares to pay dividends, equivalent to 25 per cent.

Economy

Vietnamese electronics industry still low in technology and value

Vietnamese domestic supporting industry enterprises for electronics industry have participated in the value chain of the industry, however, most of them only provide simple products with low technology and value.

Economy

Việt Nam earns $362 million from rice exports in April

The volume of rice exported is estimated at 700,000 tonnes with a value of US$362 million last month.

Economy

Phú Yên Province attracts billion-dollar resort project

The central province of Phú Yên is emerging as an attractive market for real estate investment, especially in large-scale hospitality projects.

Economy

Standard Chartered Vietnam wins The Asset Triple A Awards

Standard Chartered Bank Vietnam has won the Best Cash Management Bank and Best E-solutions Partner awards by The Asset Triple A Country Awards 2021.

Economy

MARD to set up a team to trade agricultural products amid pandemic

The Ministry of Agriculture and Rural Development (MARD) has decided to form an interdisciplinary working group to deal with issues related to the consumption of agricultural products, especially at border gates amid the COVID-19 pandemic.

Economy

Stock market might not have more room to rise: experts

The market hit new highs last week with the liquidity exceeding VNĐ1 billion each session. Analysts from securities firms expect strong and stable investment cash flows will continue to elevate the market this week, but it might not have more room to rise higher.

Economy

Renewable energy output up nearly 160 per cent in Q1

Việt Nam's total output of electricity from renewable sources hit 9.5 billion kWh in the first four months of 2021, up 156.9 per cent year-on-year, and accounting for 11.8 per cent of the total electricity output, according to a report by Vietnam Electricity (EVN).

Economy

Domestic office market sees difference in demand of foreign tenants

Hà Nội and HCM City have seen different demands among business tenants from Japan and South Korea, according to Savills Vietnam.

Economy

Paper, packaging firms see bright prospects ahead

Paper and packaging enterprises are optimistic about their prospects this year thanks to Viet Nam's stable business situation.

Economy

HCM City office market spreading to non-business districts: experts

With limited vacancies and high rents in the central business district in HCM City, non-CBD supply will continue to deliver affordable office space and keep a ceiling on rents, according to Savills Việt Nam.

Economy

Property inventory falls to 3,300 apartments in Q1

The country’s apartment inventory was estimated at some 3,300 units by the end of the first quarter of the year, falling 5,700 units compared to the same period last year, according to the Ministry of Construction (MoC).

Economy

Vietnamese abroad send more than $17 billion home in remittances in 2020

This represented a rise of nearly 3 per cent over 2019, a very positive result compared to the previous forecast in the context of the COVID-19 pandemic.

Economy

Việt Nam earns $817 mil from rubber exports in four months

Việt Nam exported 486,000 tonnes of rubber worth US$817 million in the first four months of 2021, up 79.6 per cent in volume and 111.6 per cent in value compared to the same period last year, according to the Ministry of Agriculture and Rural Development.