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Petrovietnam partners with US firms on digital transformation and sustainable energy

Techcombank achieved before-tax profit of VNĐ15.8 trillion in 2020

Techcombank has reinforced the strength of its customer centric strategy in delivering strong 2020 financial results.

HCM City targets domestic market for tourism recovery

The HCM City tourism sector this year plans to focus on digitalisation of the industry and promotion of domestic tourism amid a downturn in tourism because of the COVID-19 pamdemic.

Economy

Việt Nam: Back with a vengeance in 2021

It looks like Việt Nam will truly be back with a vengeance in 2021 and posting the kind of growth figures that have brought it to global attention in recent years.

Economy

Exporters urged to improve quality, follow rules of origin under new UK-VN free trade agreement

Vietnamese firms must improve product quality, strictly follow the rules of origin and ensure food safety to export goods to the UK under the recently signed UK-Việt Nam Free Trade Agreement, speakers said at a seminar on Thursday in HCM City.

Economy

Maritime administration to inspect shipping rates hike

The Vietnam Maritime Administration (VMA) plans to set up a working group to inspect the hike in freight rates among shipping companies that have routes to Europe and America.

Economy

Market ends lower on fears of new community COVID-19 cases

Shares finished lower on Thursday with market's benchmarks down more than 6 per cent as investors run away the stock market when new community COVID-19 cases were reported in Quảng Ninh and Hải Dương Province.

Economy

HDBank achieves 2020 targets, bad debts ratio at a mere 0.93%

The HCM City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) has released its 2020 financial statements showing consolidated pre-tax profit of VNĐ5.82 trillion (US$253.6 million), which represents an increase of 15.9 per cent from the previous year and 102.8 per cent of its target.

Economy

Việt Nam appealing market for franchising businesses: seminar

Việt Nam will become an attractive destination for franchising businesses after the pandemic ends, experts have said.

Economy

Corporate bond market forecast to be robust this year

The corporate bond market of Việt Nam is expected to be robust this year as the Government has issued regulations to untie the market but still aimed to ensure the transparency and healthy market development.

Economy

P2P lending needs better management to avoid black credit

The Ministry of Planning and Investment (MPI) has warned about the increasing use of foreign peer-to-peer (P2P) lending in Việt Nam with potential risks of black credit.

Economy

Thai investors eye more investment opportunities in Việt Nam

Việt Nam remains an attractive destination for foreign investment, including Thailand because it is a large and growing market, Tanee Sangrat, Director General of the Department of Information and Spokesman of the Foreign Ministry of Thailand has said.

Economy

Central region hopes for economic recovery after devastating 2020

After a decade of stable growth, the central region's tourism and services triangle of Thừa Thiên-Huế Province, Đà Nẵng City and Quảng Nam Province faced poor growth in 2020 due to the COVID-19 pandemic.

Economy

Animal feed exports poised to hit $1 billion mark

Thanks to such a significant growth seen in December, the country’s animal feed export turnover in 2020 reached over $800 million, up 17 per cent compared to 2019 with China, Cambodia and the US being the three largest consumption markets, accounting for over 10 per cent of nation’s total export value.

Economy

First batch of Vietnamese rice exported to the UK under UKVFTA

The top-quality fragrant rice was imported by the Longdan Limited Company in the UK from the Vietnam National Seed Group.

Economy

Việt Nam's economic growth can even surpass expectations in 2021: expert

With uncertainties and disruptions due to COVID-19, Việt Nam’s economic growth declined to just 2.91 per cent in 2020 compared to the pre-crisis forecast of 6.5 – 7 per cent, according to the General Statistics Office of Việt Nam. The growth target for the 2016 – 2020 period has not been achieved. However, Việt Nam is one of the few countries to post positive growth last year.

Economy

VN-Index falls under 1,100 points as many big stocks hit the maximum daily loss

Việt Nam's stock market fell more than 3 per cent on Wednesday, marking a second straight session loss.

Economy

Electricty dispatch centre asks for better infrastructure

The National Load Dispatch Center (A0) has asked Vietnam Electricity (EVN) to equip it with better infrastructure for the operation of a future wholesale and retail electricity market with more renewable energy resources.

Economy

HCM City construction materials market expected to benefit from huge demand

HCM City is removing legal bottlenecks to the housing market and the Covid-19 pandemic is under control, factors that will revive its construction materials market whose annual peak season begins in the first quarter.

Economy

Việt Nam’s foreign debts under control

The effective management of foreign loans has transformed Việt Nam from a poor and heavily indebted country to a country that international organisations consider to have a controlled external debt level and not in the group of countries with a debt burden.

Economy

E-commerce to continue growing this year

The Ministry of Industry and Trade (MoIT) plans to accelerate the implementation of the national e-commerce development master plan of 2021-25 to keep up with the growth of digital trading activities.