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F&B sector has potential despite challenges

Customs watchdog to focus on origin frauds, illegal transhipment

Nguyễn Tiến Lộc, Director of the General Department of Customs’s Post-Clearance Inspection Department, made the statement at a conference about the fight against origin fraud on Monday in Hà Nội.

VN shrimp exports to US expected to increase by 20 per cent

Shrimp exports to the US have been unaffected by the Covid-19 outbreak, and are expected to increase by 20 per cent this year, according to the Việt Nam Association of Seafood Exporters and Producers.

Economy

Vietnamese firm to export electric motorbikes to Cuba

Vietnamese electric motorbikes will soon be seen on the streets of Havana, after a US$3 million deal was signed to ship scooters to Cuba.

Economy

PM reviews financial sector in first six months

Việt Nam's budget collection has seen a sharp fall during the first six months of 2020 at just 44.2 per cent of projected income, a 10.5 per cent drop compared to the same period last year, said the Ministry of Finance in an online meeting with Prime Minister Nguyễn Xuân Phúc in Hà Nội yesterday.

Economy

Government considers expansion of HCM City-Long Thành-Dầu Giây Expressway

Prime Minister Nguyễn Xuân Phúc has ordered the Ministry of Transport to review plans for the widening of the HCM City-Long Thành-Dầu Giây Expressway and its surrounding roads and report back by the end of the month.

Economy

Market growth contracts as profit taking weighs on blue chips

The VN-Index had risen a total of 2.23 per cent in the previous two trading days.

Economy

VN stock rally keeps up, growth slows on profit taking

Thursday’s growth was lower than the previous three days as some of the blue chips started suffering from the rise of profit taking.

Economy

Mobifone blocks subscribers making spam calls

Việt Nam Mobile Telecom Services Corporation (Mobifone) has launched a system to detect and prevent spam calls using big data technology (Big Data), artificial intelligence (AI) and machine learning.

Economy

Sacombank enhances loan package for individual customers by $431.18 million

Sacombank has added an additional VNĐ10 trillion (US$431.18 million) to its preferential credit package for individual customers to meet both business and living needs to help restore production and stabilise their lives after the COVID-19 pandemic.

Economy

COVID-19 a once-in-a-century opportunity to boost digital transformation

The COVID-19 pandemic was offering a once-in-a-hundred-year opportunity for Việt Nam to boost digital transformation on a national scale, Minister of Information and Communications Nguyễn Mạnh Hùng said at the ministry’s conference on Monday.

Economy

Thai firm buys two wind power farms in VN

The move aims to take advantage of low interest rates to build projects with a quick return on investment.

Economy

Local gold prices reach a new record high

Local gold prices kept soaring this morning to pass the historic high on July 6, reaching VNĐ50.32 million (US$2,172) per tael (1.2 ounces). The prices of the yellow metal went up in the global market.

Economy

Economic restoration needs 'wartime' policy effort

The Government’s new growth target of 4 per cent this year, though ambitious, could still be achieved if policy implementation is organised well.

Economy

Stronger money policies might be considered to aid economic growth: SBV

The central bank’s statistics showed loan payment deadlines were restructured for nearly 260,000 customers with outstanding loans worth nearly VNĐ18 trillion (US$775.8 million)

Economy

Production reform, awareness of EU regulation needed among agriculture businesses for EVFTA: experts

With the EU - Việt Nam Free Trade Agreement coming into effect in August and eliminating most tariffs, agriculture, forestry and aquaculture businesses need to be aware of the EU’s stringent regulations, experts have said.

Economy

Job losses on the way as firms look to downsize

Although the COVID-19 pandemic has been controlled in Viet Nam, its long-term effects will continue to be felt.

Economy

Corporate bond market to boom in 2nd half before cooling down

Corporate bond issuance in June was estimated at VNĐ31 trillion (US$1.34 billion)

Economy

VN stocks advance as securities, banking and aviation industries rise

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 1.6 per cent to close at 861.16 points.

Economy

Guiding decrees needed to fight with transfer pricing

Anti-transfer pricing measures were included in the law on tax administration for the first time, but a guiding decree has not yet been written. Experts said this could mean the rules are less effective.