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Petrovietnam partners with US firms on digital transformation and sustainable energy

Door opens to growing level of FDI

Việt Nam’s effective control over the COVID-19 pandemic along with it signing a host of new free trade agreements has resulted in many global tech giants shifting their investment to the country.

Almost half of all Japanese firms plan to expand investment in VN

Almost 47 per cent of Japanese enterprises plan to expand their business in Việt Nam in the next one to two years, a survey by the Japan External Trade Organisation on business conditions of Japanese companies in Asia and Oceania has found.

Economy

Ministry to boost trade defence measures in line with int’l commitments

As trade protectionism is forecast to grow further around the world in 2021, the Ministry of Industry and Trade (MoIT) is set to step up trade defence measures in accordance with international law and commitments.

Economy

Central region seek new development routes amid COVID-19

Central provinces must adjust their socio-economic development goals and strategies to minimise the adverse effects brought by the COVID-19 pandemic and natural disasters in 2020, officials have said.

Economy

VN increases pork imports to cool off domestic prices

Việt Nam imported more than 141,000 tonnes of pork worth US$334.4 million in 2020, representing a rise of 382 per cent and 500 per cent over the previous year, respectively, customs statistics showed.

Economy

Bảo Việt’s 2020 after-tax profit up 28.5 per cent

Bảo Việt Holdings and its affiliates reported positive growth last year with total turnover of VNĐ48.949 trillion (US$2.12 billion), up 9.1 per cent year-on-year and surpassing the annual target by 8.9 per cent.

Economy

New securities trading accounts hit record high in January

Nearly 86,270 securities trading accounts were opened by domestic investors in January, an increase of 36.4 per cent from the previous month.

Economy

Organic Tết cakes become a hit

Organic bánh chưng (square glutinous rice cake) sold in HCM City for the first time for Tết (Lunar New Year) has become very popular.

Economy

Agriculture, forestry and fishery exports hit $3.49 billion in January

The total export turnover of agriculture, forestry and fishery is estimated at US$3.49 billion last month, up 27.1 per cent over the same period last year, reported the Ministry of Agriculture and Rural Development.

Economy

Railway companies suffer losses due to COVID-19

Vietnamese railway companies reported large losses in 2020 due to the impacts of COVID-19 pandemic.

Economy

Việt Nam gains cassava export growth in 2020 despite COVID-19

Việt Nam gained growth in the export of cassava chips and cassava-made products in 2020 despite the COVID-19 pandemic, according to the Department of Agricultural Product Processing and Market Development.

Economy

Local and foreign investors flee the market before Tết holiday

Việt Nam's stock market finished low on Monday before halting for Tết holidays.

Economy

SBT exports South American bananas to South Korea

Thành Thành Công – Biên Hòa Joint Stock Company (SBT) exported its first batch of South American bananas to South Korea on Sunday.

Economy

Hải Phòng grants investment approval to LG Display’s project

Chairman of the People’s Committee of northern Hải Phòng City Nguyễn Văn Tùng on Sunday gave a licence to LG Display Vietnam Hải Phòng's project adding US$750 million in investments.

Economy

Bad debts of 20 banks up 4.5% in 2020

The non-performing loans (NPLs) of 20 local banks at the end of 2020 rose by 4.5 per cent year-on-year to VNĐ83.4 trillion (US$3.58 billion), according to the banks’ latest financial statements.

Economy

Hotel offers homemade treats for pupils quarantined in school

The guests brought a little joy for 60 third-grade pupil and their parents, teachers, and staff who are also in the school for three weeks with a homemade treat – the cheesy buns which were prepared by the hotel chefs.

Economy

VinFast acquires licence to test self-driving electric vehicles in California

VinFast has just become the 57th automakers to receive a license to test self-driving electric vehicles in California, the US.

Economy

Shares may extend gains during pre-Tết period

The Vietnamese stock market may continue to advance during the two last trading days before the Tết (Lunar New Year) holiday but cash poured into the market is believed to decline and there might be a differentiation between flows.

Economy