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Việt Nam sets ambitious target of one million car sales in 2030

Privatisation plan missed, pressure to improve SOEs efficiency

The privatisation of State-owned enterprises (SOEs) failed to meet the plan set for the 2016-20 period, causing pressure to improve the operational efficiency of SOEs in the next five-year period.

Draft amendments to Decree 52 on e-commerce activities discussed

Despite the effects of the COVID-19 pandemic, the Vietnamese e-commerce market is still booming. Therefore, the amendment and supplementation of Decree 52/2013/NĐ-CP on e-commerce to better manage the activity, considered "the future of the retail market", is extremely necessary.

Economy

EVNNPC given stable outlook by Fitch Ratings

The Vietnam Electricity Northern Power Corporation (EVNNPC) was recently assigned a Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘BB’ with a stable outlook by Fitch Ratings.

Economy

Shares struggle on simultaneous fall of pillars

Vietnamese shares struggled on Monday as large-caps stocks simultaneously dropped putting negative pressure on the market.

Economy

More business leaders embrace digital technologies

Some 98 per cent of business executives in Viet Nam already have plans to adopt more digital technologies and tools, a study has found.

Economy

Vietnamese car tyre exporters cleared in dumping determination

The Ministry of Industry and Trade (MoIT) has announced that most Vietnamese exporters were not dumping car tyres in the United States as detailed in the preliminary investigation from the US Department of Commerce (DOC).

Economy

HDBank offers incentives to corporate customers for derivative product

To provide businesses with one more tool to prevent risks amid the market unpredictability, HDBank has launched a product called Derivative Transaction – Instant Refund of Huge Fees with incentives arguably the most attractive in the market.

Economy

Petrolimex profit falls to five-year low

Việt Nam’s largest petroleum retailer Petrolimex (PLX) saw VNĐ1.27 trillion (US$55 million) in pre-tax profit in 2020, down nearly 76 per cent from 2019, the company reported.

Economy

Construction of wind power project begins in Cà Mau

Construction of a wind power project recently started in Nguyễn Huân Commune, Đầm Đôi District, the southern province of Cà Mau on Saturday.

Economy

Companies collect $17 billion via bond issuance in 2020

As many as 277 businesses were involved in bond issuances in 2020, mobilising VNĐ403.5 trillion (US$17.4 billion), via some 2,200 issuance tranches, the Hà Nội Stock Exchange has announced.

Economy

Coffee exports, consumption drop due to COVID-19

Việt Nam's coffee exports and consumption in the 2019 – 2020 period have taken a hit compared to the same period last year due to the impact of COVID-19, according to the Việt Nam Coffee – Cocoa Association.

Economy

HCM City to ensure food safety, steady prices during Tết

Food companies in HCM City have enough stocks to meet demand during Tết in mid-February, Triệu Đỗ Hồng Phước, head of the HCM City People’s Council's Committee for Economy and Budget, has said.

Business Beat

Experts tell Govt: Foster domestic virtual banks before foreign invasion

BUSINESS BEAT

Economy

Việt Nam maintains stable exports to Israel in 2020

Việt Nam earned an estimated US$700 million from exporting goods to Israel in 2020 despite difficulties posed by the COVID-19 pandemic, according to the Vietnamese Trade Office in the Middle East country.

Economy

Đồng Nai IPs attract $226m FDI in new year

Industrial parks in the south-eastern province of Đồng Nai attracted foreign direct investment of more than US$226 million in 11 investment in the first 10 days of the new year, according to the province Industrial Zones Authority.

Economy

German fund to buy 1 million shares of Taseco

German investment fund PENM IV Germany GmbH & Co.KG is about to acquire additional 1 million shares of Taseco Air Services JSC (AST).

Economy

Quảng Bình Province approves 35 investment projects

Thirty-seven investment projects have been given the green light by the central province of Quảng Bình at a conference on Sunday.

Economy

After 11 weeks of gains, analysts cautious about market prospects

Shares continued to gain last week despite a net sell value of VNĐ2.2 trillion from foreign investors, but the fluctuations during the week made analysts more cautious about the market going forward.

Economy

Vietnamese economy tipped to bounce back in 2021

Many economists have said the Vietnamese economy is set to speed up this year.

Economy

Investors to explore business opportunities at India - Việt Nam investment forum

More than 300 Indian companies and 200 Vietnamese companies are expected to explore opportunities for economic engagement, investment and trade at the India - Việt Nam Investment Forum to be held in HCM City on Friday (Jan 22).