Việt Nam News

Remittances transferred to HCM Cịty last year reached a record US$6.1 billion, an increase of 12 per cent year on year.

Demand for consumer goods during Tết in HCM City was higher than last year despite the economic impacts of COVID-19.

Exports of textiles and garments in January 2021 were estimated at US$2.6 billion, up 3.3 per cent year-on-year, according to the Ministry of Industry and Trade.

PetroVietnam Power Corporation (PV Power) earned VNĐ2.5 trillion (US$108 million) in revenue in January.

Việt Nam's stock market surged during Wednesday's trade. The market reopened after the Tết holiday which started last Wednesday. 

Việt Nam ranked second in term of cryptocurrrency use, driven by remittance payments, according to a recent survey by a global provider of market and consumer data Statista.

To support small businesses affected by the Covid-19 pandemic, HCM City authorities have instructed traditional markets to reduce their rents by 50 per cent for six months.

Logistics, considered a backbone of Việt Nam's economy, is among eight sectors prioritised by the national programme for digital transformation until 2025.

The Vietnamese stock market is forecast to prosper after the Tết (Lunar New Year) holiday in accordance with the strong growth of stock markets around the world, analysts said.

Brokerages forecast Vietnamese stock market will prosper in 2021 and greatly influenced by the speed of economic recovery and the developments of the COVID-19 globally.

Competition among banks to lure demand deposits is becoming fiercer as the cheap capital source helps banks increase their net interest income (NIM) ratio.

Despite facing difficulties due to the COVID-19 pandemic, seafood exports last year were estimated at US$8.58 billion, the same as in 2019.

Da Nang authorities are building a detailed plan for the city's first international duty-free zone and smart urban area for investors, with construction set to commence soon as the Import-Export Pan Pacific Group (IPPG) has asked the city to allocate land for the project.

The bilateral and multilateral free trade agreements between Việt Nam and other countries such as the EU- Việt Nam and the UK-Việt Nam FTAs with preferential tariffs will create favourable conditions for Vietnamese rice to compete with that from rival countries, the Việt Nam Food Association said.

Việt Nam has more real estate investment opportunities than other more mature Asia-Pacific markets, though certain difficulties remain.

We sat down with Phạm Thị Thu Diệp, the newly appointed Country General Manager of IBM Vietnam, to discuss the growth of Việt Nam's IT sector in 2021 and how IBM will play a part in this overall picture.

'Buffalo' represents hard work, persistence and stability in the Vietnamese people's conception, and these characteristics are considered to apply to people born in the Year of the Buffalo

With uncertainties caused by COVID-19 persisting, gold, stock, and real estate are still promising investments for Vietnamese investors in 2021.