Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

Fruit and vegetable exports reach over $3.8 billion in seven months

Banks are racing to catch digitisation trend: expert

Việt Nam has seen a digital wave in the finance-banking industry, with many lenders investing significantly in digitisation, experts have said.

Viettel Global posts US$50.7 million before-tax profit

Viettel Global, a foreign investment unit of telecoms giant Viettel, posted a before-tax profit of VNĐ1.17 trillion (US$50.7 million) in the first half of this year, equivalent to the same period last year.

New power pricing mechanism to be applied next year

The common retail power price is expected to be applied at the beginning of next year together with the current tiered pricing mechanism, said Deputy Minister of Industry and Trade Đỗ Thắng Hải.

Over $2.5 billion in G-bonds sold in July

Through 21 Government bond auctions on the Hà Nội Stock Exchange (HNX) in July, the State Treasury raised more than VNĐ58.67 trillion (US$2.5 billion), up 80 per cent against June.

Experts call on Government to aid businesses again

As the new wave of the virus has made economic recovery and development more difficult, experts and the business community have asked the Government for more help.

Tra fish companies see profits slump in pandemic

Multiple tra fish companies suffered losses due to falling export prices and lower orders, focusing instead on the domestic market amid the COVID-19 pandemic.

Businesses promise there will be no shortage of essential goods as COVID-19 returns

Producers and distributors of essential goods are striving to ensure sufficient supply amid the return of COVID-19.

ACB get nod to raise charter capital

The State Bank of Việt Nam has approved Asia Commercial Bank (ACB)’s plan to raise its charter capital from VNĐ16.6 trillion (US$721 million) to VNĐ21.6 trillion.

Việt Nam receives positive view in global exports as EVFTA takes effect: report

Việt Nam is expected to continue growing its share of global exports despite declining amid the resurgence in the COVID-19 pandemic after three months of no local transmissions, according to an HSBC report.

VN stocks extend rally as large-caps advance

Vietnamese shares extended gains on Tuesday, led by insurance and pharmaceuticals amid the rise of coronavirus infections across the country.

Timo joins hands with Viet Capital Bank as new banking partner

After five years of establishment and development, Timo, the first digital banking platform in Việt Nam, has decided to join forces with a new banking partner - Viet Capital Bank - to deliver more rapid innovation and a better experience for customers.

Textile and apparel firms lack orders for the last two quarters

The Ministry of Industry and Trade said that textile production increased by 1.8 per cent, while clothing production decreased by 4.6 per cent in the first seven months of this year over the same period last year.

Corporate income tax reduction comes into effect

Resolution 116/2020/QH14 granting a reduction of 30 per cent on corporate income tax (CIT) for eligible enterprises officially has come into effect since Monday.

'One-trillion-đồng profit club' led by Vinhomes JSC

Twenty-five companies have entered the “one-trillion-đồng profit club” for January-June, despite the economic ravages of the COVID-19 pandemic.

ETFs attracts capital despite COVID-19 resurgence

Despite the COVID-19 resurgence, exchange-traded funds (ETFs) still attracted hundreds of billions of đồng in the second half of July.

Wooden plank exporters struggle with higher tax rates

The Việt Nam Timber and Forest Product Association (Viforest) has sent an urgent petition to the Ministry of Finance and the Ministry of Agriculture and Rural Development and Ministry of Industry and Trade about congestion of wooden planks set for export at ports.