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

Tra fish exports on track reach close to $2 billion in 2025

More efforts needed to realise VN’s huge cloud computing potential: analysts

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.

Demand for imported luxury seafood rises

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.

Vietnamese companies thrive despite divestment of foreign shareholders

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.

No new 2G, 3G phones in VN from July 1

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.

Experts warn of correction in trading this week

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

Banks to introduce domestic credit chip cards to promote cashless payments

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.

Việt Nam posts remarkable economic achievements in 2016-20 period

Việt Nam's economy has gained many important and comprehensive achievements in the 2016-20 period, helping highlight the country’s success in 35 years of Đổi mới (Renewal) process.

Indian, VN agree need for enhancing investment, trade ties

Trade and investment ties between Việt Nam and India, both dynamic and rapidly developing economies, are not commensurate with the potential and need to be enhanced, according to their officials and diplomats.

Viet Capital Securities revenues, profits up sharply

Viet Capital Securities’ net revenues increased by 12 per cent last year to VNĐ1.73 trillion (US$75.02 million) and were 25 per cent above the target it had set for itself.

Việt Nam’s $15.7 billion remittances 9th highest globally

Inward remittances to Việt Nam topped US$15.7 billion last year, the ninth highest in the world.

Bảo Minh Insurance plans to divest from MBB

Bảo Minh Securities Corporation (BMI) has registered to sell all of its shares in Military Commercial Joint Stock Bank (MBB), according to an announcement from the Hồ Chí Minh Stock Exchange (HoSE).

Banks post positive results in Q4 2020

Among companies that released fourth quarter results, many banks ended the year on a positive note.

Exporters to identify risks of trade defence measures in the US

Local exporters need to proactively identify risks and work closely with state management agencies to respond to trade remedies in the increasingly complicated imported markets, especially the US, which tended to increase trade defence measures.

KIDO Group has reported growth of nearly 48 per cent in net profit to VNĐ418 billion (US$18.2 million) for 2020.

Cityland Education, EHL to train hospitality professionals

Việt Nam’s Cityland Education on Thursday signed an agreement with EHL Advisory Services to become the EHL Licensed Centre’s vocational education and training (VET) licensing centre to train service-minded hospitality professionals.

HCM City, southern provinces step up efforts against fake goods, contraband as Tết approaches

Officers tasked with preventing fake goods, trade fraud and smuggling in HCM City and southern border provinces have been forced to work hard ahead of Tết (Lunar New Year), which falls on February 12 this year.

Ensuring information security for cloud computing a key national goal

The Ministry of Information and Communications has determined that the cloud computing platform is a key part of telecommunications infrastructure to focus on in the coming years.

Banks to make provisions for COVID-19 affected loans this year

Banks will have to set aside money for potentially unrecoverable COVID-19 affected loans from this year, according to an amended circular drafted by the State Bank of Việt Nam (SBV).