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

Global volatilities cause Vietnamese currency to depreciate

After a long period of stability, pressure from global markets has caused the Vietnamese đồng to depreciate significantly against the US dollar in the past few days.

Vinalines plans 2020 goals

Vietnam National Shipping Lines (Vinalines) has announced its growth targets for 2020, a year set to feature various difficulties.

Economy

Bà Rịa-Vũng Tàu lures $174m investment

The People’s Committee of Bà Rịa-Vũng Tàu province on Monday granted licences to five new and capital-added projects worth a combined US$174 million during a meeting with more than 300 representatives from associations, economic organisations and investors.

Economy

Footwear industry likely to hit goals this year

The domestic leather and footwear industry could gain its production and business goals this year, according to Phan Thị Thanh Xuân, vice chairwoman and general secretary of the Việt Nam Leather and Footwear Association (Lefaso).

Economy

Customs sector targets collecting $14.6 billion in 2020

The General Department of Customs hopes to collect VNĐ338 trillion (US$14.6 million) for the State budget this year, a year-on-year increase of 12.5 per cent.

Economy

New orders continue to rise solidly at start of 2020

IHS Markit released the Việt Nam Manufacturing PMI report on Monday from responses to monthly questionnaires sent to purchasing managers in a panel of about 400 manufacturers.

Economy

Coronavirus delays Việt Nam’s agricultural exports to China

Việt Nam’s agriculture sector was likely to be the worst hit by the coronavirus in China, said Minister of Agriculture and Rural Development Nguyễn Xuân Cường.

Economy

HCM City expects stock market to become ‘barometer’ of economy

HCM City will speed up equitisation of State-owned enterprises to bring good ones and their brands into the stock market, its chairman has said.

Economy

PM asks to handle inefficent State-owned enterprises

Inefficient State-owned enterprises must be handled this year, Prime Minister Nguyễn Xuân Phúc has said.

Economy

Shares narrow losses, fewer gold buyers on the God of Wealth Day

Bargain attempts of investors in the afternoon helped cushion the fall in the Vietnamese stock market on Monday amid steep decline across the Asia.

Economy

New Delhi-Đà Nẵng set to launch in May

Budget carrier VietJetAir will begin direct flights from the central city of Đà Nẵng to New Delhi in India from May 14, with five flights per week.

Business Beat

2020 promises to be seminal year for banking sector

Large mergers and acquisitions deals, an explosion in digital banking and the listing of several banks’shares on the stock market are among the key events expected this year in the financial sector.

Economy

God of Wealth Day attracts few gold buyers because of virus fears

Though jewellers have stockpiled 'lucky' gold products for today's God of Wealth Day, most of their customers have stayed away out of fear of coronavirus.

Economy

Twelve banks clear all bad debts at VAMC

Twelve out of 40 commercial banks have so far cleared all their non-performing loans (NPLs) kept at the Việt Nam Asset Management Company (VAMC).

Economy

Việt Nam’s economic transformation: lessons from 35-year reforms

Việt Nam celebrates the 90th founding anniversary of the Communist Party of Việt Nam (CPV) today (February 3, 1930-2020) and the country’s spectacular economic development is an important measure of the Party’s successful leadership.

Economy

VN stocks to keep falling on disease fears

Amid fears about the worse development of the coronary disease on a global scale, the Vietnamese stock market will keep falling and pharmaceutical stocks are still the centre of attention.

Economy

Large-cap firms report at least VNĐ3 trillion in 2019 pre-tax profit

Total pre-tax profit of the 29 companies is roughly VNĐ255 trillion, up 21 per cent year on year.

Economy

Mekong Delta aims for sustainable shrimp production at high profits

Provinces in the Cửu Long (Mekong) Delta, the country's largest shrimp producer, are increasing their shrimp output this year and focusing on developing sustainable shrimp farming models that bring high profits.

Economy

Prices of pork, facemasks discussed by pricing committee

The prices of pork and facemasks were the centre of discussion at an extraordinary meeting of the steering committee for pricing last week chaired by its head, Deputy Prime Minister Vương Đình Huệ.

Economy

Favourable policies expected to drive Việt Nam auto market growth

The automobile market is expected to boom this year as the Government mulls a number of favourable policies to help reduce costs, improve demand and increase output.