Việt Nam News

Vietnamese shares nudged higher on Wednesday as investors poured cash flow into blue-chip stocks.

Hanwha Life Vietnam, a life insurance company from South Korea, has achieved impressive growth since it entered the Vietnamese market in 2009. Last year was filled with challenges caused by the Covid-19 pandemic, but business remained steady for Hanwha Life Vietnam, which managed to sustain growth. Its CEO, Im Dong Jun, speaks about his plans to accomplish the targets set for 2021.

Other carriers on the list are Ryanair, EasyJet, Frontier, Wizz and Westjet.

Việt Nam's gross domestic product (GDP) was estimated to increase 2.91 per cent in 2020 due to the Government's economic management experience over the past years, a safe and healthy macroeconomic environment and stable politics. In 2021, the economic growth is expected to reach the target of 6 per cent set by the National Assembly, although the world economy is forecasted to continue the slowing trend due to challenges from the COVID-19 pandemic. The General Director of General Statistics Office Nguyễn Thị Hương spoke to the Vietnam News Agency reporter about this issue.

The disbursement of public investment was estimated at VNĐ398 trillion as of the end of December, meeting 82.8 per cent of the Government’s plan – the highest rate in 2016-20 period, according to the Ministry of Planning and Investment.

HDBank, the first Vietnamese bank to enter the global financial and commercial network, has pioneered the issuance, document presentation and successful payment of letters of credit on the blockchain platform.

2020 marked an unexpectedly successful year for big investment funds in Việt Nam, with Pyn Elite Fund having the best performance.

The retail market grew by 6.8 per cent last year to $172.8 billion despite the debilitating economic effect of the COVID-19 outbreak, according to the General Statistics Office.

The regulatory sandbox for financial technology (fintech) which is expected to be created this year, coupled with efforts to promote the use of digital financial services, are expected to accelerate the development of fintech in Việt Nam.

In the first 11 months of this year dragonfruit exports fell by 10 per cent because of the COVID-19 pandemic but still dominated Vietnamese fruit exports with shipments of more than US$1 billion.

Handicrafts are identified as one of the product groups with great export potential and high profit margin that Việt Nam needs to boost to be key export industry in the coming years.

HCM City has set a goal of boosting the export of its key products this year and beyond via trade promotion activities and assistance to enterprises.

Ha Noi began a market stabilisation programme in May last year that will run until June 2021, including a plan to serve the coming Tết (Lunar New Year) holiday.

Vietnamese shares rose on Tuesday, with financial and banking shares leading the gains and pushing the VN-Index up to more than 1,130 points.

Construction of the much-awaited Long Thành international airport in the southern province of Đồng Nai and near HCM City began today after years of delay.

Although many forecasts said that inflation would be controlled at less than four per cent this year, economists recommended it was still important to pay attention to inflationary pressures.

A groundbreaking ceremony for the construction of the Mỹ Thuận-Cần Thơ Expressway was held in the Mekong Delta province of Vĩnh Long on Monday.

Vietnamese started the first session of this year on a positive note, with the three major indexes notching solid yearly gains despite an economy ravaged by the COVID-19 as investors looked to a post-pandemic world.