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Government approves two-year trial of P2P lending

VinWonders Vũ Yên construction starts in Hải Phòng

Vingroup officially started the VinWonders Vũ Yên theme park project in the northern coastal city of Hải Phòng on Sunday.

Suitable tiered pricing mechanism urged for electricity sector

The Ministry of Industry and Trade (MoIT) is proposing reducing power price tiers from the current six to five levels.

Trade defence investigations into wood products on the rise

There were only three cases on wooden products from 2007 to 2017, but there have been four since 2018.

Auto consumers expected to enjoy 50 per cent cut in registration fee

The Ministry of Finance has officially asked the Government to cut 50 per cent of the registration fee for customers who buy locally-produced and assembled automobiles.

Enterprises say national single window must be improved

Twenty-seven per cent of the surveyed businesses were not satisfied with the unstable operation of the portal and 20 per cent responded that the speed of processing tasks was still slow.

Vietravel to discuss private share sales at annual meeting

The selling price must not stay below Vietravel’s on-issuance date share price or the firm’s booking value recorded in the latest financial report

Agriculture needs more investment in processing industry

The agricultural sector needs more investment to develop the processing industry in order to increase exports of local farming products.

Quốc Cường Gia Lai to sell its shares in Sông Đà Riverside

In April, QCG sold 56 per cent of Hiệp Phúc JSC's share to LDG Group.

Users urged to be careful when using Facebook ‘gender swap’

FaceApp’s "gender swap" filter has generated the hashtag "#faceappchallenge" and received hundreds of thousands of shares on Facebook and Instagram, raising concerns about security and the risk of sharing this information.

Ministry considers allowing bets via e-wallets, telecommunications accounts

The Ministry of Finance is drafting an amendment to the decree on business of betting on horse racing, greyhound racing and international football, which would allow the payment of bets via e-wallets or telecommunication accounts.

Việt Nam's biggest shipping firm reduces charter capital

Việt Nam National Shipping Lines (Vinalines), the country's biggest shipping firm, has to reduce its charter capital by another 15 per cent due to unability to sell shares.

Gold prices soar in the markets

The local gold price kept soaring to reach VNĐ49 million (US$2,100) per tael (1.2 ounces) this morning when the yellow metal reached its highest global price in more than a month.

Hà Nội prohibits using the first floor of resettlement houses for business

Previously, many apartments leased their first floor for trading purpose without the approval of the municipal People's Committee.

Bà Rịa-Vũng Tàu seeks to improve logistics competitiveness

Bà Rịa-Vũng Tàu Province authorities plan to spend VNĐ 20 trillion (US$850 million) from now through 2025 on infrastructure to achieve their goal of comprehensive development.

Techcombank targeted VNĐ13 trillion pre-tax profit in 2020

Techcombank (TCB) has set a pre-tax profit target of VNĐ13 trillion (US$559.3 million) in 2020, increasing slightly one per cent from last year.

Vietnamese businesses strive to reduce inventory after COVID-19

A recent survey conducted by the General Statistics Office showed 57.7 per cent of enterprises affected by the pandemic said their consumption market has decreased sharply.

Bank lending expected to get out off coronavirus doldrums soon

Experts have forecast bank credit growth in the second quarter to reach 3.5-4 per cent, much higher than the rate in the first quarter.

‘Prudent’ Tracodi sets modest financial targets for this year

The Transport and Industry Development Investment Joint Stock Company (Tracodi) targets revenues of VNĐ1.92 trillion (US$82.6 million) and after-tax profits of VNĐ101 billion ($4.34 million) in 2020, a year-on-year increase of 13.1 per cent and 6.7 per cent.

EU to remove tariffs on Vietnamese tuna once trade deal takes effect

The European Union will eliminate tariffs on fresh and frozen Vietnamese tuna products, with 11,500 tonnes of canned tuna and 500 tonnes of canned fish balls exempted annually, once a free trade pact the two sides have signed comes into effect possibly in August.