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Vietnamese agricultural products, food displayed in India

Ministry considers allowing bets via e-wallets, telecommunications accounts

The Ministry of Finance is drafting an amendment to the decree on business of betting on horse racing, greyhound racing and international football, which would allow the payment of bets via e-wallets or telecommunication accounts.

Việt Nam's biggest shipping firm reduces charter capital

Việt Nam National Shipping Lines (Vinalines), the country's biggest shipping firm, has to reduce its charter capital by another 15 per cent due to unability to sell shares.

Economy

Gold prices soar in the markets

The local gold price kept soaring to reach VNĐ49 million (US$2,100) per tael (1.2 ounces) this morning when the yellow metal reached its highest global price in more than a month.

Economy

Hà Nội prohibits using the first floor of resettlement houses for business

Previously, many apartments leased their first floor for trading purpose without the approval of the municipal People's Committee.

Economy

Bà Rịa-Vũng Tàu seeks to improve logistics competitiveness

Bà Rịa-Vũng Tàu Province authorities plan to spend VNĐ 20 trillion (US$850 million) from now through 2025 on infrastructure to achieve their goal of comprehensive development.

Economy

Techcombank targeted VNĐ13 trillion pre-tax profit in 2020

Techcombank (TCB) has set a pre-tax profit target of VNĐ13 trillion (US$559.3 million) in 2020, increasing slightly one per cent from last year.

Economy

Vietnamese businesses strive to reduce inventory after COVID-19

A recent survey conducted by the General Statistics Office showed 57.7 per cent of enterprises affected by the pandemic said their consumption market has decreased sharply.

Business Beat

Bank lending expected to get out off coronavirus doldrums soon

Experts have forecast bank credit growth in the second quarter to reach 3.5-4 per cent, much higher than the rate in the first quarter.

Economy

‘Prudent’ Tracodi sets modest financial targets for this year

The Transport and Industry Development Investment Joint Stock Company (Tracodi) targets revenues of VNĐ1.92 trillion (US$82.6 million) and after-tax profits of VNĐ101 billion ($4.34 million) in 2020, a year-on-year increase of 13.1 per cent and 6.7 per cent.

Economy

EU to remove tariffs on Vietnamese tuna once trade deal takes effect

The European Union will eliminate tariffs on fresh and frozen Vietnamese tuna products, with 11,500 tonnes of canned tuna and 500 tonnes of canned fish balls exempted annually, once a free trade pact the two sides have signed comes into effect possibly in August.