Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

Home Economy

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

Australia initiates anti-dumping investigation on Vietnamese steel products

The information was released by the Trade Remedies Authority under Viet Nam's Ministry of Industry and Trade.

Brokerage firm HSC delays annual meeting

HCM City Securities Corporation (HSC) has decided to postpone its annual shareholders’ meeting due to the coronavirus.

Economy

VN stocks rise further on oil price hikes

The Vietnamese stock market was closed on Thursday for a national holiday.

Economy

State investment agency aims to sell stake in Hải Phòng Thermal Power this month

The initial price of each share (HND) will be VNĐ26,000 (US$1.09), which means SCIC could expect to receive a minimum of VNĐ1.17 trillion.

Economy

Room for Vietnamese farm produce exports to Singapore amid COVID-19

The encouraging performance amid the COVID-19 pandemic was mainly thanks to the office’s efforts in connecting associations of the two countries in order to help businesses grasp opportunities to boost their exports.

Economy

Vietnamese economy to grow despite COVID-19: ADB

The report showed the country would suffer an ongoing drop in demand from its principal trade and investment partners.

Economy

Made-in-Việt Nam equipment exported during COVID-19 pandemic

A shipment of three pieces of made-in-Việt Nam equipment used to filter seawater has been shipped to Bahrain Petroleum Company (Bapco)’s Refinery plant in Bahrain.

Economy

Intraday short sale far from being realised as difficulties persist

Securities firms and investors are waiting for the T+0 or intraday short sale to be applied on the Vietnamese securities market, but there are still troubles that need to be resolved.

Economy

An Giang to raise over $275m for new-style rural area building

The Cửu Long (Mekong) Delta province of An Giang plans to mobilise VNĐ6.5 trillion (US$275.4 million) for the new-style rural area building programme for 2021-25, according to its People’s Committee.

Economy

FDI into HCM City in Q1 drops 33% year-on-year

HCM City has attracted over US$1 billion worth of FDI as of March 20, a 33 per cent drop year-on-year, according to the HCM City Statistics Office.

Economy

Cồn Market design to be selected later in April

The central city is seeking the best architectural designs out of 21 submissions to develop the new Cồn Market project after a public display was held on March 27, the city’s construction consultancy centre said.

Economy

Doctor Anywhere gets US$27 million investment despite COVID-19 outbreak

The latest addition has brought Doctor Anywhere’s total capital base to exceed $40 million, the company said in a statement.

Economy

Vingroup's net revenue rises 6.7% on-year to US$5.5 billion in 2019

Private conglomerate Vingroup’s total net revenue rose 6.7 per cent on-year to VNĐ130 trillion (US$5.5 billion) in 2019.

Economy

Wood industry facing losses due to COVID-19

The wood industry was facing a ‘disaster’ with many businesses left without orders from now until 2021 due to the COVID-19 pandemic, said the Vietnam Timber and Forest Product Association (VTFPA).

Economy

Agricultural sector gains trade surplus in Q1 despite COVID-19

The trade surplus was up 48.9 per cent compared to the same period last year.

Economy

Hà Nội to create favourable conditions for digital technology companies

Hà Nội's People's Committee is making plans to develop digital technology companies for 2021-25 and 2026-30.

Economy

Many firms optimistic about business in Q2

Many enterprises in the manufacturing and processing industry are optimistic about the outlook for the second quarter of 2020, according to a survey conducted by the General Statistics Office (GSO).

Economy

Customs authority reaffirms standard for exporting face masks

The General Department of Việt Nam Customs has reaffirmed it only handles procedures for exporting medical face masks with the State’s permission and it must ensure supervision to avoid fraud fraud for other types of face masks.

Economy

Banks support enterprises

Incomplete statistics show that businesses have enjoyed cuts of at least VNĐ100 trillion (US$4.25 million) to support them amid the COVID-19 pandemic.

Economy

Việt Nam’s manufacturing drops to record low in March due to pandemic

The Vietnam Manufacturing Purchasing Managers' Index (PMI) fell sharply to 41.9 in March from 49.0 in February, a survey by IHS Markit and Nikkei released on Wednesday showed.