Việt Nam News

The banking sector plays the key role in maintaining the macro-economic stability and other major balances of the economy, stated Prime Minister Phạm Minh Chính at a New Year meeting with leaders and staff of the State Bank of Vietnam (SBV) on February 8.

The volume of foodstuffs pouring into HCM City’s wholesale markets has been increasing rapidly in recent days and prices are mostly steady.

Gold buying is expected to skyrocket on the God of Wealth Day on the 10th day of the lunar year, which falls on February 10 this time, since it is believed bring good fortune and prosperity during the year.

The EU-Việt Nam Free Trade Agreement has opened up unprecedented opportunities for Vietnamese rice.

Investors are eyeing the Vietnamese liquefied natural gas (LNG) market since environmental protection has become a major factor in energy development in the country, experts have said.

Workers are returning to factories in the southern province of Bình Dương as firms gather pace to bring production back to normal after the nine-day Tết (Lunar New Year) festival, the country’s biggest and longest holiday.

The northern mountainous province of Lào Cai has pledged to boost sustainable development of the cinnamon value chain by approving a project on cinnamon forest planting for 2021-2030.

HCM City will continue to speed up equitisation of State-owned enterprises to enable more reputed companies to list on the stock exchange, and create the most favourable conditions for investors, its chairman has said.

Company commitments to bond guarantees carry the risk of being declared null and void by law, with bondholders bearing full brunt of bond default.

Steel maker Hòa Phát Group announced that its subsidiary Hòa Phát Dung Quất Steel Joint Stock Company has signed a contract to export the first batch of 35,000 tonnes of hot rolled coil (HRC) steel to Italy.

Vietnamese shares rose on Tuesday, bolstered by market heavyweights as demand force increased significantly towards the closing minutes of trading, especially in steel and banking group.

PetroVietnam Gas Trading Co (PVGAS Trading) on February 7 completed the pipe connection, importing the first ship of refrigerated LPG for floating storage on the first working day after the Tết (Lunar New Year) holiday.

In the past two years, the impact of COVID-19 has hit listed tourism companies’ activities hard, leading to persistent losses and some stocks being given a warning status, and even risk being delisted. However as many businesses turn to restructuring operations, their results have become more positive. 

The Cửu Long (Mekong) Delta province of Vĩnh Long targets resumption of all business activities this year, according to its authorities.

The local salt industry must understand the needs of the market, develop standards and guidelines for farmers, and reorganise production, said Lê Đức Thịnh, director of the Department of Cooperatives and Rural Development under the Ministry of Agriculture and Rural Development (MARD).

The essence of the problem is not how long the holiday is but a solution to increase productivity, and thinking of "long break", "spring play" which only exists in backward agricultural production should be eliminated.

Hoa Sen Group has reported an after-tax profit of VNĐ638 billion (US$28.2 million) in the first three months of its financial year 2021-22 starting from October, increasing 12 per cent from the same period last year.

The COVID-19 pandemic, which has touched every aspect of society, has failed to cool down the startup and innovation spirit but, on the contrary, created major influence, contributing to economic development and recovery, according to insiders.