Việt Nam News

Sài Gòn – Hà Nội Commercial Joint Stock Bank (SHB) has just become the only Vietnamese representative to be honoured as “Bank of the Year 2020” by The Banker magazine.

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - HoSE: HDB) has signed agreements to issue convertible bonds and enter into strategic tie-ups with foreign investors to fulfil its plan to supplement tier 2 capital by US$160 million.

The Ministry of Industry and Trade has issued Decision 3390/QĐ-BCT on the application of official anti-dumping measures for some coil and sheet cold-rolled steel products originated from China.

The northeastern province of Quảng Ninh’s gross regional domestic product (GRDP) has been estimated at 10.05 per cent in 2020 despite the adverse impact of COVID-19.

The purchasing power in the domestic market is expected to increase by between 15-20 per cent from now until the 2021 Lunar New Year, with food products seeing the strongest rise, said Trần Duy Đông, director of the Ministry of Industry and Trade (MoIT)’s Domestic Market Department.

South Korea was the top investor in education in Việt Nam in the first 11 months of this year with US$8.2 million, or 57% of the country’s total FDI in the sector.

The Ministry of Planning and Investment has proposed special policies to be raised for large State-owned enterprises (SOEs) to make them spearheads in key industries of the economy.

There have been lots of opportunities to make impressive returns during this strangest of years, if you’ve been able to forecast the weather accurately and be nimble in realigning your holdings to new realities.

Deputy Governor of the State Bank of Việt Nam (SBV) Đào Minh Tú has said despite the COVID-19 pandemic, the bank has operated local monetary policy effectively and flexibly this year.

Prime Minister Nguyễn Xuân Phúc has decided to present the Việt Nam National Quality Awards 2020 to 61 enterprises, with 21 receiving the golden prize.

In a number of mutual groups created by brokers for investors, the advice was “cash is king”.

The southern province of Bình Phước rolls out the red carpet for investors, Trần Tuệ Hiền, chairwoman of its People’s Committee, said.

The Cửu Long (Mekong) Delta needs to develop value-added agricultural products to enter global value chains, officials have said.

The Prime Minister has agreed to select eight key border gate economic zones to receive state budget for development in the 2021-2025 period.

Việt Nam has become the fastest growing nation brand in the Brand Finance’s ranking this year, with its brand value skyrocketing by 29 per cent to US$319 billion.

The Government has issued supportive policies for domestic enterprises to cope with difficulties due to the COVID-19 pandemic. However, the policies have not reached expected efficiency while the difficulties are predicted to continue next year.  Việt Nam Chamber of Commerce and Industry Chairman Vũ Tiến Lộc spoke to Việt Nam News about this issue.

Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Việt Nam (SBV) draft circular.

The Viettel Cyber Security Company (VSC), a subsidiary of the Viettel Military Industry and Telecoms Group (Viettel), has become a member of the Anti-Phishing Working Group (APWG).