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HCM City adds nearly 60,000 jobs in Q3

Ministry told to take initiative in solving development conundrums

Prime Minister Nguyễn Xuân Phúc emphasised the important role of the Ministry of Planning and Investment (MPI) and asked it to take the initiative in solving development conundrums while addressing a conference in Hà Nội on Thursday.

VN may be upgraded to emerging market in 2022: VNDirect Securities

It may take Việt Nam two years to get upgraded to emerging market level from the current frontier market classification, VNDirect Securities Corporation said in its 2020 outlook.

Economy

HCM City eyes boost to advertising industry

HCM City needs to make comprehensive zoning plans for the advertising industry and create mechanisms to facilitate its development, a seminar heard in HCM City on Wednesday.

Economy

Japanese lender aims to buy into OCB

The deal is expected to be worth about 15 billion Japanese yen (US$139 million).

Economy

MoU signed for building sustainable clam supply chain in Mekong Delta

More than 20,000 clam farmers in Bến Tre, Tiền Giang and Trà Vinh are expected to benefit from a memorandum of understanding the three provinces signed with Lenger Seafoods Vietnam on Wednesday (Jan 8) to supply clams to the processor.

Economy

Fewer investors opened new trading accounts in 2019

The number of investors opening new accounts in 2019 fell from the previous year, according to the Vietnam Securities Depository (VSD).

Economy

Shares recover on bottom fishing

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange advanced 1.18 per cent to close at 960.15 points.

Economy

Việt Nam gains record in cement exports

Việt Nam’s cement industry in 2019 continued gain billions of US dollars in export value, according to the Ministry of Industry and Trade.

Economy

Government backs capital hike plans for four State-owned banks

The Government supports the policy of allowing four State-owned banks to raise charter capital, said Governor of the State Bank of Việt Nam (SBV) Lê Minh Hưng.

Economy

Việt Nam most promising Asian investment destination in 2020: survey

Việt Nam has been tapped by Japanese firms as the most promising place in Asia to invest in 2020, with India and Southeast Asian countries dominating other top spots, Kyodo News cited a survey as showing on Wednesday.

Economy

More restructuring for fund management firms in 2020: SSC

Fund management companies will get further restructured in 2020, according to vice chairman of the State Securities Commission Phạm Hồng Sơn.

Economy

Insurance industry forecast to keep thriving in 2020

The insurance industry aims to maintain a high growth rate of 18.42 per cent this year, gaining revenue of VNĐ188.73 trillion (US$8.1 billion), according to the Ministry of Finance’s Insurance Supervisory Authority (ISA).

Economy

Winners to take it all in e-wallet fight

An economics expert has said e-wallet firms are breaking out promotions to try and win large chunks of the high potential market in Viet Nam.

Economy

Complying with origin rules critical for garment exports

Lower-than-expected export revenue last year showed the industry was facing problems in participating more deeply in the global value chain and expanding exports to niche markets.

Economy

HOSE lists 10 largest securities companies

The Ho Chi Minh Stock Exchange (HOSE) has announced the list of 10 leading securities companies last year, with SSI Securities Incorporation topping it with a 13.96 per cent market share.

Economy

HDBank achieves great success after 30 years of development: banking official

The HCM City Development Joint Stock Commercial Bank, formally known as HDBank, has achieved great success after 30 years of development, contributing to the city’s socio-economic development, a banking official has said.

Economy

Shares retreat as US-Iran conflict hits sentiment

Việt Nam’s stock market fell on Wednesday in line with global markets on increasing investor caution over conflict between the US and Iran.

Economy

Poor infrastructure stymies Southern Key Economic Zone efforts to attract large FDI projects

The Southern Key Economic Zone needs specially tailored policies to attract large amounts of foreign direct investment and improve linkages between localities to ensure sustainable development, experts have said.

Economy

The second centralised IT Zone set up in Đà Nẵng

The Government has approved the Đà Nẵng Information Technology Park (DITP) as a centralised information technology (CIT) zone following Prime Minister Nguyễn Xuân Phúc’s decision signed on January 6.

Economy

Luxury hotel segment sees sharp expansion

With 50 five-star hotels and 68 four-star hotels being built last year, the luxury segment now has 466 hotels with 97,098 rooms, according to a report released by the Việt Nam National Administration of Tourism.