Việt Nam News

The internal strength and competitiveness of Việt Nam’s industry are poor while its added value also remains low. The local industry still largely depends on on foreign resources such as foreign direct investment capital, spare parts and components, said deputy minister of Industry and Trade Đỗ Thắng Hải.

Kurz International Holdings GMBH from Germany has been granted an investment licence for a hi-tech coating and thin film project worth US$40 million at the Becamex Việt Nam-Singapore Industrial Park (VSIP) in Bình Định.

Output contraction is an inevitable part of exploiting finite oil and gas fields worldwide. In Việt Nam, most of the active fields have been exploited since 1986.

During the event, Hoàng Linh - VIB Deputy Chief Financial Officer shared insightful business information of the bank with impressive figures in the nine-month period such as return on equity at 29.3 per cent, helping VIB maintain the leading position among the top efficient banks in the industry and the strong profit growth of 33 per cent, exceeding VNĐ5.3 trillion (US$228 million) with the motivation from sustainable income sources.

Vũ Phong Energy Group has been named EPC Company of the Year at the international Solar Future Awards 2021.

Việt Nam's benchmark VN-Index is expected to fluctuate in a range of 1,380-1,480 points in November, boosted by higher vaccination coverage, recovery of the economy and stimulus packages. 

After more than four months of slowing down due to the COVID-19 pandemic, the property market in the south is regaining strength and there are optimistic signs of a recovery thanks to demand still exceeding supply, experts said.

While Vietnamese activists and environmental groups are keen to see such regulations come into force, companies find themselves struggling to commit.

Businesses in Đồng Nai have called for reducing bank interest rates and restructuring debt repayment to enable them to resume operations now that the COVID-19 pandemic is basically under control.

Việt Nam has gained strong growth in trade since it joined the World Trade Organisation (WTO) 15 years ago, according to the Ministry of Industry and Trade (MoIT).

Vietnamese businesses are struggling to fulfil export orders as the COVID-19 outbreak hinders purchase of raw materials and production, and are at risk of losing customers.

In the face of rising bad debt in the ongoing pandemic, commercial banks have been forced to write up their loan loss provisions, according to industry sources. 

Việt Nam's stock market reversed to drop slightly on Tuesday as a series of large-cap stocks lost ground on strong profit-taking pressure.

Vietnamese Minister of Industry and Trade Nguyễn Hồng Diên highlighted Việt Nam’s priorities in national economic recovery, making contributions to Asia-Pacific Economic Cooperation (APEC)’s general development while attending the 32nd APEC Ministerial Meeting on Monday and Tuesday.

Denmark's Specter Real Estate A/S has begun construction of a garment factory in Mekong Delta province of An Giang’s Chau Thanh district with a total investment of VNĐ253 billion (about US$11 million).

The main contractor for the Nhổn – Hà Nội Railway Station route - the second metro route in Hà Nội – has asked for compensation of US$114.7 million, saying that it has been suffering losses due to long-delayed land clearance.

The Regional Comprehensive Economic Partnership (RCEP) Agreement will officially take effect starting January 1 next year, according to the Ministry of Industry and Trade.

With a credit limit of up to VNĐ3 billion (US$131,700), HDBank's credit card line for buying petroleum will help businesses easily manage fuel costs most conveniently.