Việt Nam News

Revenue and pre-tax profit in Q4 last year hit nearly VNĐ161 billion and more than VNĐ5 billion, respectively, fulfilling 98 per cent and 83 per cent of the yearly plan.

According to the Ministry of Industry and Trade’s Trade Promotion Agency, although the number of businesses honoured with Vietnam National Brand recognition has increased throughout the years (from 30 in 2008 to 124 in 2020), it lagged behind expectations.

Having launched schedule services since September 2016 as the last airline entered Thai market, Thai Vietjet has won trust from local and international travelers over the last four years.

The project is among those to be submitted for approval at the group’s annual shareholders’ meeting, which is slated for March 14.

Remittances transferred to HCM Cịty last year reached a record US$6.1 billion, an increase of 12 per cent year on year.

Demand for consumer goods during Tết in HCM City was higher than last year despite the economic impacts of COVID-19.

Exports of textiles and garments in January 2021 were estimated at US$2.6 billion, up 3.3 per cent year-on-year, according to the Ministry of Industry and Trade.

PetroVietnam Power Corporation (PV Power) earned VNĐ2.5 trillion (US$108 million) in revenue in January.

Việt Nam's stock market surged during Wednesday's trade. The market reopened after the Tết holiday which started last Wednesday. 

Việt Nam ranked second in term of cryptocurrrency use, driven by remittance payments, according to a recent survey by a global provider of market and consumer data Statista.

To support small businesses affected by the Covid-19 pandemic, HCM City authorities have instructed traditional markets to reduce their rents by 50 per cent for six months.

Logistics, considered a backbone of Việt Nam's economy, is among eight sectors prioritised by the national programme for digital transformation until 2025.

The Vietnamese stock market is forecast to prosper after the Tết (Lunar New Year) holiday in accordance with the strong growth of stock markets around the world, analysts said.

Brokerages forecast Vietnamese stock market will prosper in 2021 and greatly influenced by the speed of economic recovery and the developments of the COVID-19 globally.

Competition among banks to lure demand deposits is becoming fiercer as the cheap capital source helps banks increase their net interest income (NIM) ratio.

Despite facing difficulties due to the COVID-19 pandemic, seafood exports last year were estimated at US$8.58 billion, the same as in 2019.

Da Nang authorities are building a detailed plan for the city's first international duty-free zone and smart urban area for investors, with construction set to commence soon as the Import-Export Pan Pacific Group (IPPG) has asked the city to allocate land for the project.

The bilateral and multilateral free trade agreements between Việt Nam and other countries such as the EU- Việt Nam and the UK-Việt Nam FTAs with preferential tariffs will create favourable conditions for Vietnamese rice to compete with that from rival countries, the Việt Nam Food Association said.