Việt Nam News

Việt Nam is well-positioned to revive its economy this year due to a boost in private investment and exports, experts told a forum in HCM City on January 11.

Quảng Bình would continue to improve the business climate and provincial competitiveness as well as enhancing quality and efficiency in investment management, local authorities have said.

The bank also aims to raise its total assets by 6 per cent and mobilised capital by 8 per cent while credit growth is expected to pick up 12 per cent.

Earnings from shrimp exports reached US$3.85 billion last year, up 15 per cent year-on-year despite difficulties caused by the COVID-19 pandemic.

The building materials market is forecast to be robust this year, with the demand fuelled by the increase in infrastructure development investment and the recovery of the property market, according to the Ministry of Construction.

Bình Phước Province aims to attract 6,000 new businesses in 2020-25 especially those in sectors such as processing, agriculture and supporting industry.

Despite the difficulties caused by the Covid-19 pandemic and natural disasters that directly affected it, the Việt Nam Rubber Group achieved its revenue and profit targets for 2020.

Hà Nội will allocate VNĐ957 billion (more than US$41 million) to assist small and medium-sized enterprises (SMEs) in 2021-25 as part of a supporting programme for SMEs approved by the municipal People’s Committee late last year.

An economic expert has forecast two possible scenarios that will affect the consumer price index (CPI) this year.

The Southeast Asia Commercial Joint Stock Bank (SeABank) is among 13 largest commercial joint stock banks in Việt Nam after increasing its charter capital to VNĐ12.088 trillion (US$526 million) from VNĐ9.369 trillion.

For the first time, contractors who signed deals with the General Department of State Reserves will be rated using a credit system reflecting their ability and commitment to deliver on contracts, according to the head of the general department's legal office Nguyễn Văn Bình. 

Việt Nam Construction and Import-Export Joint Stock Corporation (VINACONEX) announced Monday that NEDI2 was no longer a subsidiary of the corporation.

The State Bank of Việt Nam has set a banking credit growth target of 12 per cent for this year, marginally lower than the rate achieved last year.

The VMARK Vietnam design week and awards organised by VDAS Design Association will be back in March this year in HCM City.

Shares advanced at the start of the week with record trading value, propped up by solid investor confidence in a long-term uptrend.

Some Vietnamese exporters of tyres have been hit with a 22.3 per cent anti-dumping duty in the US, according to the Ministry of Industry and Trade.

HDBank was honoured along with other leading companies such as Vinamilk, Vingroup, CP Vietnam, and Vietnam National Petroleum Group as being among the Top 50 Vietnam The Best at the ceremony to announce the country’s 500 largest companies (VNR500) last week in Hà Nội.

The Vietnam Railways Corporation has lost VNĐ1.32 trillion (US$57.4 million) in revenues due to the COVID-19 pandemic and flooding in the central region.