Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

Petrovietnam partners with US firms on digital transformation and sustainable energy

No new 2G, 3G phones in VN from July 1

The production and import of phones using 2G and 3G technology will stop from the beginning of July, according to a new circular from the Ministry of Information and Communications.

Experts warn of correction in trading this week

Market experts warned that investors should be cautious as trading might become choppy as VN-Index approaches the 1200-point land mark.

Economy

Banks to introduce domestic credit chip cards to promote cashless payments

The National Payment Corporation of Việt Nam (Napas) last week said it would work with seven banks to introduce domestic credit chip cards with unified standards to limit cash payments and tackle black credit.

Economy

Việt Nam posts remarkable economic achievements in 2016-20 period

Việt Nam's economy has gained many important and comprehensive achievements in the 2016-20 period, helping highlight the country’s success in 35 years of Đổi mới (Renewal) process.

Economy

Indian, VN agree need for enhancing investment, trade ties

Trade and investment ties between Việt Nam and India, both dynamic and rapidly developing economies, are not commensurate with the potential and need to be enhanced, according to their officials and diplomats.

Economy

Viet Capital Securities revenues, profits up sharply

Viet Capital Securities’ net revenues increased by 12 per cent last year to VNĐ1.73 trillion (US$75.02 million) and were 25 per cent above the target it had set for itself.

Economy

Việt Nam’s $15.7 billion remittances 9th highest globally

Inward remittances to Việt Nam topped US$15.7 billion last year, the ninth highest in the world.

Economy

Bảo Minh Insurance plans to divest from MBB

Bảo Minh Securities Corporation (BMI) has registered to sell all of its shares in Military Commercial Joint Stock Bank (MBB), according to an announcement from the Hồ Chí Minh Stock Exchange (HoSE).

Economy

Banks post positive results in Q4 2020

Among companies that released fourth quarter results, many banks ended the year on a positive note.

Economy

Exporters to identify risks of trade defence measures in the US

Local exporters need to proactively identify risks and work closely with state management agencies to respond to trade remedies in the increasingly complicated imported markets, especially the US, which tended to increase trade defence measures.

Economy

KIDO Group has reported growth of nearly 48 per cent in net profit to VNĐ418 billion (US$18.2 million) for 2020.

Economy

Cityland Education, EHL to train hospitality professionals

Việt Nam’s Cityland Education on Thursday signed an agreement with EHL Advisory Services to become the EHL Licensed Centre’s vocational education and training (VET) licensing centre to train service-minded hospitality professionals.

Economy

HCM City, southern provinces step up efforts against fake goods, contraband as Tết approaches

Officers tasked with preventing fake goods, trade fraud and smuggling in HCM City and southern border provinces have been forced to work hard ahead of Tết (Lunar New Year), which falls on February 12 this year.

Economy

Ensuring information security for cloud computing a key national goal

The Ministry of Information and Communications has determined that the cloud computing platform is a key part of telecommunications infrastructure to focus on in the coming years.

Economy

Banks to make provisions for COVID-19 affected loans this year

Banks will have to set aside money for potentially unrecoverable COVID-19 affected loans from this year, according to an amended circular drafted by the State Bank of Việt Nam (SBV).

Economy

Pork price not expected to spike during Lunar New Year

Demand for pork rises in the run up to Lunar New Year (Tết), prices are expected to increase, but not rise to the levels seen last year.

Economy

FPT Shop opens 30 laptop centres across the country

FPT Shop opened 30 laptop centres across the country on Friday.

Economy

Thirty enterprises win HCM City Golden Brand Award

Thirty enterprises on January 21 received the HCM City Golden Brand Award from the city People’s Committee for their outstanding achievements in building and developing brands for products and services.

Economy

SSI announces outstanding 2020 results

SSI Securities Corporation reported strong growth last year, with pre-tax profits growing by 54.4 per cent to nearly VNĐ1.56 trillion (US$67.57 million) and income by 43.4 per cent to VNĐ4.528 trillion ($195.5 million).

Economy

10 outstanding events for Vietnamese cybersecurity in 2020

The National Cyber Security Centre (NCSC) under the Authority of Information Security, Ministry of Information and Communications, recently announced 10 outstanding events for Vietnamese cybersecurity in 2020