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Việt Nam records trade surplus of US$2.4 billion with the Philippines

Profit taking to weigh on local market, but September may be bright

Việt Nam’s stock market rally may slow this week as investors eye profits but the one-month projection is still optimistic.

Hòa Phát sells nearly 500,000 tonnes of steel products in August

The volume of steel soared by 65 per cent month-on-month.

Economy

Trade office works to boost commercial ties with Laos amid COVID-19

Demand in Laos for production and construction materials and consumer goods has fallen significantly due to the impact of COVID-19.

Economy

Bắc Ninh attracts 119 foreign-invested projects in January-August

The province also allowed 1,602 existing foreign-invested projects to increase their capital by $19.64 billion.

Economy

Banks’ profit forecast to drop significantly in H2 2020

The pre-tax profit of the banking system in the second half of this year is estimated to fall 22.1 per cent compared to the same period last year due to an increase in provisions for risky loans in the wake of the COVID-19 pandemic.

Economy

Online shopping and electronic payments increase in popularity

Online shopping and electronic payments in Việt Nam have become more common in recent years as more of the country's population gains access to the internet, and e-commerce in the 95 million-strong market is set to enter a rapid growth phase in the near future, according to industry experts.

Economy

Vietnamese rice takes bite out of global market

Việt Nam’s rice exports have expanded during the pandemic to surpass rival Thailand in price for the first time in three decades, leading experts to suggest the sector should consolidate its position.

Economy

Paper companies see bright prospects as demand increases

An increasing demand for tissue paper amid the COVID-19 pandemic means the future is looking bright for businesses in the paper industry.

Economy

MIC blocks 21 million pre-activated SIM cards

Local telecom providers have blocked and retrieved 21 million pre-activated SIM cards in three months, according to the Ministry of Information and Communications (MIC).

Economy

Real estate sellers to push social media and e-commerce marketing amid crackdown on spam

Real estate companies have said that they will push marketing channels on social media and e-commerce floors instead of calling or sending text messages as a Government decree to tackle spam comes into effect next month.

Economy

PM approves programme to boost productivity

Prime Minister Nguyễn Xuân Phúc has approved a national programme on supporting enterprises to improve productivity and the quality of products and commodities.

Economy

Stock exchange profit up in H1

The Hồ Chí Minh Stock Exchange (HoSE)’s pre-tax profits increased 19 per cent year-on-year in the first six months to VNĐ238 billion (US$10.3 million).

Economy

Foreign tech firms eye big investments in VN

More tech could be coming to Việt Nam soon as foreign enterprises demonstrate an appreciation for the country's attractive investment environment.

Economy

VIB to list 924.5 million shares on main exchange

The Vietnam International Joint Stock Bank (VIB) plans to move 924.5 million shares to the Hồ Chí Minh Stock Exchange from the Unlisted Public Company Market (UPCoM), according to an exchange filing.

Economy

$50-million beach golf course to be built in Đà Nẵng

The central city’s people’s committee has approved a development plan on a 36-hole golf course project that proposed by the property developer VinaCapital Group.

Economy

VN-Index inches downwards

The VN-Index snapped a five-trading day gaining streak on Friday as many investors decided to cash in on stocks which had rallied substantially in recent days.

Economy

PropertyGuru raises US$220m to accelerate growth in Southeast Asia

PropertyGuru Group, the parent group of Batdongsan.com.vn, the top property site in Vietnam, on Thursday announced it has received an additional investment of S$300 million (US$220 million) in recent funding rounds from global investment firms TPG and KKR.