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

Businesses search for ways to overcome COVID-19

Many businesses are struggling from a lack of raw materials and falling exports due to the impacts of the global pandemic COVID-19.

Insurer PVI to pay dividend at 22.5 per cent

The company has approved the target revenue for 2020 of VNĐ10.1 trillion (US$432.8 million), down 8 per cent from last year.

Economy

31,000 businesses sign up for MoIT’s services portal

More than 31,000 businesses have signed up to use a portal that provides public services online, according to the Vietnam e-Commerce and Digital Economy Agency under the Ministry of Trade and Industry (MoIT).

Economy

No electricity price hikes this year

There are no plans to increase electricity prices this year, according to the Electricity Regulatory Authority of Việt Nam.

Economy

Cần Thơ targets $450 million in FDI

In 2021-25, Cần Thơ targets securing $200 million of foreign direct investment (FDI) with some $150 million expected to be disbursed. In 2026-30, it aims to grab about $250 million with $200 million disbursed.

Economy

Vietjet offers passengers free COVID-19 insurance

SKY COVID CARE offers coverage ranging from VNĐ20 million (US$860) to VNĐ200 million ($8,600) for all passengers regardless of nationality and age.

Economy

Businesses seek measures to cope with COVID-19

Local enterprises have sought ways to cope during the novel coronavirus (COVID-19) pandemic instead of suspending business or scaling back.

Business Beat

Central bank delays foreign ownership cap in payment services industry

The State Bank of Việt Nam has said it will not cap foreign ownership of companies in the payment services industry in its draft decree to replace Decree No.101.

Economy

Mobile World sees profit rise despite COVID-19

Mobile World Corporation (MWG), one of the biggest mobile phone and accessory retailers in Việt Nam, still witnessed profit growth in the first two months of this year despite the impact of COVID-19.

Economy

COVID-19 pandemic leaves Airbnb hosts thinking of the long-term

There are many problems associated with COVID-19, but one major issues caused by the global pandemic is its virtual destruction of the travel industry.

Economy

Buying in now may be risky: analysts, investors warn

Though Vietnamese shares have lost a lot in the past seven weeks, analysts and securities firms are unsure if it is now the right time for buying in.

Economy

Airline service fees reduced for next six months

The Airports Corporation of Việt Nam (ACV) has announced it will reduce airline service fees for six months from March to August to support airlines suffering from the COVID-19 pandemic.

Economy

Pork price must go down, one way or another: PM

The PM said rising pork prices in recent months had contributed to the country’s increased consumer price index (CPI) and made life more difficult for the people as pork takes up a large part of the Vietnamese diet.

Economy

COVID-19 pandemic threatens property brokers with unemployment

The COVID-19 pandemic has become a new challenge for property brokers who have been facing many since last year due to the low supply in the market.

Economy

Viettel's total revenue increases by 12.8 per cent in February

Viettel's total revenue increased by 12.8 per cent last month over the same period last year despite the complex developments of the COVID-19 pandemic.

Economy

COVID-19 brings more business to insurers

The COVID-19 pandemic has so far hurt many businesses in the country, except the insurance industry.

Economy

Central city to upgrade fishing port

The central city would start upgrade work at the overloaded Thọ Quang fishing port in the first quarter this year

Economy

Companies race to buy back shares as stocks tumble

Dozens of companies are racing to buy back shares to stabilise prices amid the COVID-19 outbreak.

Economy

Việt Nam calls for investment in fruit and vegetable processing

Việt Nam is in need of major investors in fruit and vegetable production in order to boost processing, especially in the packaging and post-processing stages, to preserve products for longer and enhance their value.

Economy

Hà Nội approves establishment of two industrial clusters

The committee has directed Hoài Đức District People's Committee to select investors with sufficient financial capacity to develop technical infrastructure of the two ICs.