Việt Nam News

Vietnamese shares rose for fifth sessions in a row on Thursday as as investors piled into financial and energy stocks.

The Phù Mỹ solar power plant in Bình Định Province began operation and was connected to the national grid on December 31 just seven months after construction began.

The southern province of Bạc Liêu should focus on super intensive, high-tech shrimp farming to become the nation’s shrimp hub, Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến has said.

Real estate prices in 2021 are expected to increase by 10 per cent over the previous year, said Nguyễn Văn Đính, deputy general secretary of the Việt Nam Real Estate Association (VNREA).

2020 was a difficult year for the global economy including Việt Nam, but some Vietnamese billionaires still saw their net asset value increase.

VPBank was named among the top 20 listed companies with the highest Việt Nam Sustainability Index (VNSI) in the market in the evaluation period in July 2020.

Vietnamese shares nudged higher on Wednesday as investors poured cash flow into blue-chip stocks.

Hanwha Life Vietnam, a life insurance company from South Korea, has achieved impressive growth since it entered the Vietnamese market in 2009. Last year was filled with challenges caused by the Covid-19 pandemic, but business remained steady for Hanwha Life Vietnam, which managed to sustain growth. Its CEO, Im Dong Jun, speaks about his plans to accomplish the targets set for 2021.

Other carriers on the list are Ryanair, EasyJet, Frontier, Wizz and Westjet.

Việt Nam's gross domestic product (GDP) was estimated to increase 2.91 per cent in 2020 due to the Government's economic management experience over the past years, a safe and healthy macroeconomic environment and stable politics. In 2021, the economic growth is expected to reach the target of 6 per cent set by the National Assembly, although the world economy is forecasted to continue the slowing trend due to challenges from the COVID-19 pandemic. The General Director of General Statistics Office Nguyễn Thị Hương spoke to the Vietnam News Agency reporter about this issue.

The disbursement of public investment was estimated at VNĐ398 trillion as of the end of December, meeting 82.8 per cent of the Government’s plan – the highest rate in 2016-20 period, according to the Ministry of Planning and Investment.

HDBank, the first Vietnamese bank to enter the global financial and commercial network, has pioneered the issuance, document presentation and successful payment of letters of credit on the blockchain platform.

2020 marked an unexpectedly successful year for big investment funds in Việt Nam, with Pyn Elite Fund having the best performance.

The retail market grew by 6.8 per cent last year to $172.8 billion despite the debilitating economic effect of the COVID-19 outbreak, according to the General Statistics Office.

The regulatory sandbox for financial technology (fintech) which is expected to be created this year, coupled with efforts to promote the use of digital financial services, are expected to accelerate the development of fintech in Việt Nam.

In the first 11 months of this year dragonfruit exports fell by 10 per cent because of the COVID-19 pandemic but still dominated Vietnamese fruit exports with shipments of more than US$1 billion.

Handicrafts are identified as one of the product groups with great export potential and high profit margin that Việt Nam needs to boost to be key export industry in the coming years.

HCM City has set a goal of boosting the export of its key products this year and beyond via trade promotion activities and assistance to enterprises.