Việt Nam News

The HCM City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) has released its 2020 financial statements showing consolidated pre-tax profit of VNĐ5.82 trillion (US$253.6 million), which represents an increase of 15.9 per cent from the previous year and 102.8 per cent of its target.

Việt Nam will become an attractive destination for franchising businesses after the pandemic ends, experts have said. 

The corporate bond market of Việt Nam is expected to be robust this year as the Government has issued regulations to untie the market but still aimed to ensure the transparency and healthy market development.

The Ministry of Planning and Investment (MPI) has warned about the increasing use of foreign peer-to-peer (P2P) lending in Việt Nam with potential risks of black credit.

Việt Nam remains an attractive destination for foreign investment, including Thailand because it is a large and growing market, Tanee Sangrat, Director General of the Department of Information and Spokesman of the Foreign Ministry of Thailand has said.

After a decade of stable growth, the central region's tourism and services triangle of Thừa Thiên-Huế Province, Đà Nẵng City and Quảng Nam Province faced poor growth in 2020 due to the COVID-19 pandemic.

Thanks to such a significant growth seen in December, the country’s animal feed export turnover in 2020 reached over $800 million, up 17 per cent compared to 2019 with China, Cambodia and the US being the three largest consumption markets, accounting for over 10 per cent of nation’s total export value.

The top-quality fragrant rice was imported by the Longdan Limited Company in the UK from the Vietnam National Seed Group.

With uncertainties and disruptions due to COVID-19, Việt Nam’s economic growth declined to just 2.91 per cent in 2020 compared to the pre-crisis forecast of 6.5 – 7 per cent, according to the General Statistics Office of Việt Nam. The growth target for the 2016 – 2020 period has not been achieved. However, Việt Nam is one of the few countries to post positive growth last year.

Việt Nam's stock market fell more than 3 per cent on Wednesday, marking a second straight session loss. 

The National Load Dispatch Center (A0) has asked Vietnam Electricity (EVN) to equip it with better infrastructure for the operation of a future wholesale and retail electricity market with more renewable energy resources.

HCM City is removing legal bottlenecks to the housing market and the Covid-19 pandemic is under control, factors that will revive its construction materials market whose annual peak season begins in the first quarter.

The effective management of foreign loans has transformed Việt Nam from a poor and heavily indebted country to a country that international organisations consider to have a controlled external debt level and not in the group of countries with a debt burden.

The Ministry of Industry and Trade (MoIT) plans to accelerate the implementation of the national e-commerce development master plan of 2021-25 to keep up with the growth of digital trading activities.

With a sharp drop in revenue from traditional telecommunications services, carriers are rapidly transforming their digital strategy.

FPT Corporation achieved pre-tax profits of VNĐ5.261 trillion (US$228.58 million) on revenues of VNĐ29.83 trillion ($1.29 billion) last year, a year-on-year increase of 12.8 per cent and 7.6 per cent, mainly driven by the digital transformation, overseas IT services and telecom.

Most companies have remuneration policies for directors that are decided at annual board meetings, according to the 2020 Board Remuneration Survey Report conducted by Talentnet and Vietnam Institute of Directors.

In a statement, Thaiholdings Joint Stock Company (THD) said that the company successfully finished the sale of 296.1 million shares for its existing shareholders. After the sale, Thaiholdings's capital rose to VNĐ3.5 trillion from VNĐ539 billion.