Việt Nam News

The HCM City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) has reported impressive results in the third quarter of the year, with pre-tax profits increasing by a record 51 per cent year-on-year to over VNĐ1.23 trillion (US$53.4 million).

Customer services are more important than ever in today's competitive online and offline business environment, speakers said at a conference held on Wednesday in HCM City.

The Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade reported that the Brazilian Ministry of Economy has decided to terminate anti-dumping duties on cold-rolled stainless steel imported from Germany, Finland, the Republic of Korea and Việt Nam.

A batch of Vietnamese organic cocoa powder has been shipped to Japan and will be sold in Okinawa and Hamamatsu prefectures.

Companies will be able to apply for import licences online from November 1 this year, according to the Ministry of Industry and Trade (MoIT)’s Foreign Trade Agency.

With a range of up to 8,700km, the innovative model will serve Vietjet’s fleet modernisation and international flight network expansion plans in the near future, the airline said in a statement.

The conference provided an opportunity to discuss best practices, innovative solutions and developments in science and technology and their impacts on sustainable building materials in Việt Nam.

“Together with our four other routes between these two countries, and the expansive domestic and international networks we offer, the new service will further complete Vietjet’s growing connections between Việt Nam and Japan,” said Vietjet vice president Nguyễn Đức Thịnh.

Masan Group has reported its net profit in the third quarter this year soared to VNĐ2.23 trillion (US$96 million), a three-fold increase against the same period last year.

The renovation status of old apartment buildings and hurdles to obtaining construction permits were among the top concerns of the construction sector at a dialogue held with HCM City authorities on Thursday (October 31).

After three quarters, the company – known as Vinamilk – earned more than VNĐ42 trillion in total net revenue, up 7 per cent year on year.

Instead of investing millions of dollars to build properties in HCM City’s inner districts, real estate developers are renting properties and furnishing apartments and putting them up as mid-priced serviced apartments for rent.

In September, e-commerce company Shopee surprised its customers by announcing it had signed up football star Cristiano Ronaldo as its brand ambassador and he would be a part of a number of its campaigns.

In mid October, FLC Group announced it would sell nearly 300 million shares to current shareholders at a rate of 42.2 per cent and a price of VNĐ10,000 per share.

Việt Nam is a promising market for fintech companies thanks to its young demographic, strong e-commerce growth, and growing smartphone and internet penetration, a conference heard in HCM City on Thursday.

Amid increasingly sophisticated and complex intellectual property (IP) violations, Vietnamese businesses remained slow to register their products and protect their rights, said experts.

The 2019 Coffee Expo Vietnam, the most prominent commercial event in the coffee, tea and bakery sectors, opened on Thursday in HCM City, attracting 80 brands from eight countries and territories.

The VN-Index on the Hồ Chí Minh Stock Exchange dropped 0.21 per cent to end Thursday at 998.82 points.