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Real estate firms reach final stage of restructuring

Yeah1 Group reports losses in 2019

Local media firm, Yeah1 Group (YEG), recorded a loss of VNĐ158 billion (US$6.8 million) in the fourth quarter of last year, pushing 2019’s total losses to VNĐ372 billion.

Maintaining exports critical to cement industry this year

Maintaining exports would be critical for the cement industry amid rising production output and anticipated sluggish domestic sales this year.

Economy

More efforts needed to maintain VN’s leading position in cashew export

Việt Nam stood out as the world’s largest cashew exporter last year but there remains many challenges ahead for the country to retain its leading position in the future.

Economy

Vietnamese currency under bigger pressure in 2020

After being relatively stable last year, the foreign exchange rate of the Vietnamese đồng against the US dollar is forecast to be under bigger pressure due to both internal and external headwinds.

Economy

City to speed up public investment disbursement

HCM City authorities plan to review obstacles to public spending and speed of fund allocation and disbursement this year.

Economy

Shares retreat on low liquidity

The market experienced an uneventful trading day Monday with sideways movements and slight fluctuations among declining liquidity.

Economy

Minh Phú Seafood shares fall on investigation of tax evasion

Minh Phú Seafood Corp shares fell for a second day after the company confirmed it would co-operate with the US investigation into whether the Vietnamese firm had evaded anti-dumping taxes or not.

Economy

Ministry eyes close watch on prices during Tết holiday

The Ministry of Finance has asked its Price Management Department to keep a close watch on market supply and demand as well as price developments, especially of essential goods, during the Tết (Lunar New Year) holidays.

Economy

Viettel becomes world's 6th provider of 5G device

Việt Nam’s biggest telecom firm Viettel announced it is the 6th company in the world to manufacture 5G devices.

Economy

HCM City to implement e-Tax system from February 10

The HCM City Department of Taxation will implement the e-Tax system from February 10 to improve tax service quality in the city.

Economy

EVFTA makes Viet Nam more attractive to EU investors: German media

Foreign investors, especially those from the European Union (EU), will find it more appealing to invest in Việt Nam when the EU- Việt Nam Free Trade Agreement (EVFTA) comes into effect, according to German broadcaster Deutsche Welle (DW).

Economy

Việt Nam attends fair on electrical equipment, energy in India

Over 40 enterprises, policy-making agencies and trade promotion organisations of Việt Nam are participating in an electrical and energy equipment fair which opened on January 18 at the India Expo Mart in Uttar Paradesh state of India.

Economy

Serviced apartments face fierce competition in Hà Nội market

In the fourth quarter (Q4) 2019, Hà Nội saw fierce competition in the serviced apartment segment, according to Savills Vietnam.

Economy

Thọ Xuân Airport welcomes first wide-body aircraft

The second Bamboo Airways Boeing 787-9 Dreamliner aircraft carrying passengers from HCM City landed at Thọ Xuân airport in the central province of Thanh Hóa on Saturday, making it the first wide body aircraft to arrive at the airport.

Economy

Delivery services to grow 30-40 per cent in 2020

The logistics sector is forecast to continue growing strongly this year, with expansion in both retail and e-commerce channels.

Economy

Vissan’s revenues rise 22 per cent in 2019

Leading food processor Vissan Joint Stock Company reported pre-tax profits of VNĐ212.66 billion (US$9.19 million) on revenues of VNĐ4.9 trillion ($211.6 million) last year, representing increases of 22 per cent and 10 per cent.

Economy

Wind power projects boom in Trà Vinh

The Mekong Delta province of Trà Vinh is witnessing a series of wind power projects settling in the province thanks to its favourable position, with total investment exceeding VNĐ42 trillion (US$1.8 billion).

Economy

US-China trade deal forces firms to grow

The recently signed US-China trade deal, an effort to calm trade tensions between the world’s two largest economies, will force Vietnamese businesses to grow in order to meet the challenges as well as the opportunities it brings, said economic experts.

Economy

Local wood industry should focus on design and branding

The wood industry needs to focus on developing design, branding and distribution to achieve the goal of US$20 billion in export value by 2025, according to experts.

Economy

Over 67,000 orders for VinFast vehicles in 2019

In 2020, VinFast will introduce VinFast Lux V8, two crossover models, and electric buses to the market. The firm also plans to export electric cars to the US.