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HCM City adds nearly 60,000 jobs in Q3

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.

HUD, Vicem to be equitised in 2020

The Housing and Urban Development Corporation and the Vietnam National Cement Corporation will have to complete equitisation plans in 2020.

Economy

EVN continues buying power from rooftop solar projects

The Ministry of Industry and Trade has approved Vietnam Electricity (EVN)’s proposal to continue buying power from rooftop solar power projects.

Economy

CII settles $40 million worth of convertible bonds

The HCM City Infrastructure Investment JSC (CII) has settled nearly VNĐ903 billion (US$40 million) worth of convertible bonds.

Economy

Việt Nam needs to change policy or lose out in Industry 4.0

Việt Nam needs a “revolution in its policy-making mind-set” before it can take advantage of the fourth industrial revolution, said Phạm Xuân Hòe from the Banking Strategy Institute, at a forum in Hà Nội yesterday.

Economy

Large-cap companies end 2019 lower from their debuts

Three large-cap companies that debuted on the Hồ Chí Minh Stock Exchange (HoSE) in 2019 saw their shares beaten by the benchmark VN-Index at the end of the year.

Economy

Việt Nam’s GDP to ease slightly in 2020

Việt Nam’s GDP growth would reach 6.8 per cent from the 7.02 per cent posted in 2019, mainly due to a slowdown in the industrial sector, analysts from Fitch Solutions forecast.

Economy

UNIQLO to open first store in Hà Nội this spring

The first UNIQLO store in Hà Nội will be located at Vincom Phạm Ngọc Thạch in Đống Đa District.

Economy

Khánh Hòa aims to have 30,000 private businesses by 2025

Authorities in the province of Khánh Hòa plan to improve the quality and performance of businesses in the private sector, striving to have 30,000 businesses by 2025 and 35,000 by 2030.

Economy

HCM City banks to ensure ATMs cope with extra demand during Tết

The State Bank of Vietnam’s HCM City office has taken measures to ensure workers get their salaries and bonuses paid smoothly before Tết (the Lunar New Year) and ATMs work without a hitch during the holidays, which begin on January 24.

Economy

Firms urged to monitor exports to China

The Import and Export Department under the Ministry of Industry and Trade urged firms to closely watch exports of agricultural products to China to prevent goods getting stuck at border gates before and after the Tết (Lunar New Year) holiday.

Economy

PVN records revenue of $31.7b in 2019

The Việt Nam Oil and Gas Group (PVN) earned revenue of more than VNĐ736 trillion (US$31.7 billion) in 2019, marking a year-on-year increase of 17 per cent.

Economy

Online exchange market for new notes gets busy before Tết

Though the State Bank has not prepared new notes for local banks, the exchange market for much-coveted new notes has become very busy in recent days.

Economy

30 Vietnamese companies sells goods on Amazon in 2019

Thirty Vietnamese enterprises have sold goods on Amazon, reported the Việt Nam Trade Promotion Agency (Vietrade).

Economy

Gold prices slide but further growth expected

Gold prices declined on Tuesday after touching a four-month high, but the uptrend is unlikely to stop.

Economy

Bank stocks push markets up

Shares rebounded on Tuesday, fueled by the advancement of banking stocks.

Economy

Expand credit to prevent usury, central bank asks

The State Bank of Việt Nam has asked domestic credit institutions and foreign banks’ branches to expand credit for business, production and consumption as an effort to prevent usury.

Economy

Vinacomin forecasts more demand for coal

The Việt Nam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin) forecasts another 10 per cent in local consumption demand this year.

Economy

SBV keeps preferential interest rate for social housing unchanged

The commercial banks’ preferential interest rates will be remain unchanged at 5 per cent for social housing this year, according to a decision of the State Bank of Việt Nam (SBV).

Economy

Phú Thọ to lure investment into new IPs

Once established, the parks will open up opportunities for the province to lure new domestic and foreign investors, contributing to socio-economic development, it said.