Việt Nam News

The HCM City Stock Exchange (HoSE)’s technical system was under significant pressure with billions of new shares recently listed and to be listed on the bourse and huge cash inflow which boosted the market liquidity to record high levels.

During the last three months, the cost to hire a 40-foot container increased to US$8,000, even to $10,000 in certain cases, from less than $1,000 at the beginning of 2020. It has sharply driven up expenses for exporters and raised concerns over a lack of transparency and inadequate price management of containers, said businesses during a meeting in Hà Nội with the Vietnam Maritime Administration (VMA).

Nam Á Bank and AppotaPay, a subsidiary of Appota Group, signed co-operation agreement on Wednesday.

The benchmark edged higher on Thursday on the back of banking and real estate stocks, recovering from the morning session loss, while the HXN-Index ended lower. 

Using online platforms to boost exports is an inevitable trend that will help food and beverages and agricultural products businesses penetrate the global market, reduce costs and quickly reach consumers, especially amid the COVID-19 pandemic, a workshop heard in HCM City yesterday.

MoMo, Việt Nam's biggest e-wallet firm, has finished its Series D financing round from leading global investors, announced the firm in Hà Nội on Wednesday.

Việt Nam’s credit registry coverage increased to 59.6 per cent in 2020 from 41.8 per cent in 2015, said Đỗ Hoàng Phong, director of the Vietnam Credit Information Centre (CIC).

In 2021, the fishery sector aims to maintain a stable fishery production and business, including a reduction in fishing volume, an increase of farming output, and implementation of solutions increasing the value of seafood products. Director general of the Directorate of Fisheries Trần Đình Luân spoke to local media about this issue.

Two major shareholders have registered to buy shares of Mộc Châu Dairy Cattle Breeding Joint Stock Company (MCM).

The Việt Nam Bank for Social Policies (VBSP) has allocated VNĐ31.6 billion (US$1.36 million) to 207 enterprises to pay the wages of 8,529 labourers who lost their jobs due to impact of the COVID-19 pandemic.

HCM City targets 5 per cent industrial growth in 2021 and its four key sectors growing by at least 6.7 per cent, according to its Department of Industry and Trade.

Việt Nam's stock market finished mixed on Wednesday as the benchmark suddenly fell while the HNX-Index increased 0.23 per cent. 

Southeast Asia’s economic growth will rebound to 6.2 per cent in 2021 with Việt Nam achieving 8 per cent growth, according to the latest economic outlook report from Oxford Economics commissioned by chartered accountancy body ICAEW.

Vietnamese Minister of Industry and Trade Trần Tuấn Anh and German Federal Minister of Economics Peter Altmaier co-chaired the first meeting of the joint committee for economic co-operation between the two countries which took place virtually on Tuesday.

There is still significant room for stronger reforms to create a more favourable business environment and make Việt Nam among countries with the best business environment in ASEAN, according to the Việt Nam Chamber of Commerce and Industry (VCCI).

Leather and footwear companies need to develop a better supporting industry for the sector and focus more on fashion and design to deepen their participation in global supply chains, experts said at a conference in HCM City on January 12.

Many products made under a programme called ‘One Commune One Product’ that facilitates the development of regional specialities will be sold through major retail channels during Tết next month.

The Commission for the Management of State Capital at Enterprises (CMSC) has settled 233 out of 259 cases transferred from ministries, including 44 in 2020, heard a conference in Hà Nội on Monday.