Việt Nam News

Chairman of the Vietnam Chamber of Commerce and Industry Vũ Tiến Lộc, as Chairman of the East Asia Business Council (EABC) in 2020, recently handed over the EABC Chair to Hak-hee Jo, Executive Managing Director of the Korea International Trade Association.

Orient Commercial Join Stock Bank wants to become one of the top five private banks in Việt Nam, its chairman, Trịnh Văn Tuấn, has said.

Despite the impact of the COVID-19 pandemic, the Hòa Phát Group recorded a surge in both revenue and profit in 2020, the inter-sectoral conglomerate has said.

The domestic shipping industry needs support from the State to develop Việt Nam’s fleet of cargo ships, according to the Ministry of Transport.

Although the aviation industry was ravaged by the COVID-19 pandemic, logistics companies at the airports still maintained their operations.

The Việt Nam Design Association – HCM City has launched the ‘VinFast Global Showroom Design Competition 2021’ to find the most outstanding design idea for VinFast’s global showrooms.

Việt Nam’s largest private conglomerate Vingroup plans to issue three tranches of bonds with a total volume of 6.97 million bonds to raise capital for its subsidiaries VinFast and VinSmart.

Phú Nhuận Jewelry Joint Stock Company maintained its growth momentum last year amid a strong decline of the domestic jewelry market in general, with its revenue reaching VNĐ17.511 trillion (US$759.4 million), a year-on-year increase of 3 per cent, and surpassing 21 per cent of the target set for last year.

Việt Nam's stock market fell on Monday as banking, securities, oil and gas stocks faced selling pressure.

Up to 205 local traders nationwide were permitted to export rice as of January 18, following a list released by the Ministry of Industry and Trade’s Import and Export Department.  

Đà Nẵng City’s industrial zones and high-tech park authority (DHPIZA) has granted an investment licence to a semiconductor project worth US$110million from the firm United States Enterprises

HCM City distributors have stockpiled enough pork to meet demand during Tết (Lunar New Year) in mid-February, Lê Huỳnh Minh Tú, deputy director of the city Department of Industry and Trade, has said.

According to Viettel IDC, the Vietnamese cloud computing market is worth around US$133 million and is expected to grow to $500 million by 2025.

Việt Nam’s imports of high-value seafood such as king crabs and lobsters are rising due to their falling prices, and are expected to rise even further during Tết, experts have said.

The increase in Việt Nam's stock market has helped foreign shareholders implement their disinvestment plans in Vietnamese enterprises. However, these activities will not have a significant effect on companies' internal systems. 

The production and import of phones using 2G and 3G technology will stop from the beginning of July, according to a new circular from the Ministry of Information and Communications.

Market experts warned that investors should be cautious as trading might become choppy as VN-Index approaches the 1200-point land mark.

The National Payment Corporation of Việt Nam (Napas) last week said it would work with seven banks to introduce domestic credit chip cards with unified standards to limit cash payments and tackle black credit.