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Strategy issued to develop Việt Nam’s semiconductor industry

Fitch rates Standard Chartered Bank Vietnam “BB” with stable outlook

Standard Chartered Bank Vietnam has announced that it has obtained a first-time rating from Fitch at BB and BBB- for its long-term issuer default foreign currency rating and local currency rating respectively. The outlooks on these ratings are stable.

Vietnamese hard clams first in world to win ASC certificate

Hard clams from the northern province of Nam Định have become the first in the world to be presented with the Aquaculture Stewardship Council (ASC) certificate.

Economy

HCM City announces guidelines for issuing apartment ownership certificates

HCM City authorities have issued guidelines to speed up the issuance of land use and home ownership certificates to buyers to prevent disputes with housing developers.

Economy

Tetra Pak recognised with double ‘A’ score for global climate and forests stewardship

Tetra Pak is the only company in the carton packaging sector to be included in the CDP leadership band for five years in a row and to score an outstanding double ‘A’ for climate and forests in 2020.

Economy

Importers to reduce purchases for Tết as lower demand feared

Companies that import fruits and foods expect lower demand during Tết (Lunar New Year) next February due to the impact of Covid-19 pandemic and plan to reduce import.

Economy

No SOEs equitised in five months, Gov't's plan likely missed

The rate of equitised State-owned enterprises (SOEs) for the 2017-20 period has remained at 28 per cent for several months, the latest update from the Ministry of Finance shows.

Economy

Credit growth limits extended

The State Bank of Việt Nam (SBV) has extended the credit growth limits for the second time this year to some commercial banks, of which the highest level is up to 30 per cent.

Economy

KIDO Group to supply over 100,000 tonnes of cooking oil for Lunar New Year

Confectionary producer, KIDO Group, has recently announced its plan to supply more than 100,000 tonnes of cooking oil to the market to serve the needs of Tet (Lunar New Year) 2021.

Economy

MSN to pay cash dividend of 10 per cent

Masan Group Corporation (HOSE: MSN) has set December 18 as the record date for paying dividends for 2019 in the form of cash and December 30 as the payment date.

Economy

Only 40% of Vietnamese have seniority plans and work towards them: study

Việt Nam will see an increase in its ageing population in the coming years, with people aged 60 and above estimated accounting for 29.8 million or 27.2 per cent of the population by 2050, according to HelpAge International.

Economy

Việt Nam – South America logistics trade forum held

The online Việt Nam – South America logistics trade forum has been held to help the two countries' firms expand business co-operation opportunities in the field.

Economy

Hòa Phát posts surging imports from Australia

The Hòa Phát Group has reported some US$700 million worth of imports from Australia this year, more than double the figure from last year and making the industrial manufacturer the largest Vietnamese client of the country.

Economy

New development model needed for Mekong Delta: study

The Cửu Long (Mekong) River Delta needs a new development model to tackle existing challenges it faces and develop in line with its potential, a ceremony held to release the 2020 Mekong Delta Economic Report in Cần Thơ City on December 14 heard.

Economy

Việt Nam may become upper-middle-income country in 2023: Japanese centre

The Japan Centre for Economic Research (JCER) has predicted that Việt Nam will become an upper-middle-income country in 2023, and its GDP will surpass that of China’s Taiwan in 2035.

Economy

MoIT seeks ideas for national energy master plan

The Ministry of Industry and Trade (MoIT) is collecting opinions on the draft National Energy Master Plan for 2021-2030 with a vision to 2050 to ensure national energy security.

Economy

Digital transformation: a must for enterprises

Deputy Minister of Information and Communications Nguyễn Huy Dũng urged enterprises to speed up digital transformation as it is essential for business growth.

Economy

More hi-tech factories begin construction in Đà Nẵng

Japanese Daiwa Việt Nam company officially commenced construction of a sports equipment factory in the central city’s Hòa Khánh Industrial Zone on December 15 with an investment of US$40 million.

Economy

Local firms urged to adopt ESG principles for further growth

Việt Nam’s partnership with other nations and economic blocks has motivated local companies to pay more attention to ESG issues to draw attention from foreign investors.

Economy

Shares drop on profit-taking

Shares corrected on Tuesday after two gaining sessions as recent rallies triggered a massive sell-off among investors to lock in profits.

Economy

SSI gets $85m unsecured loan from foreign banks

SSI Securities Corporation has signed an unsecured loan contract worth US$85 million with a consortium of nine foreign banks led by Union Bank of Taiwan, the island’s largest lender.