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

Việt Nam, Australia bolster support for green transition

Đồng Nai implements socio-economic recovery plan

The southern province of Đồng Nai has started the gradual restoration of socio-economic activities, while ensuring the prevention and control of the COVID-19 pandemic, from Monday.

Foreign investors affirm confidence in Việt Nam's economic recovery in post-COVID-19

The fourth outbreak of the COVID-19 pandemic starting from late April has had more negative impacts on daily life as well as socio-economic development than the previous waves in the country. However, Viet Nam attracted US$14 billion in foreign direct investment (FDI) in the first eight months of this year, only 2 per cent lower than the same period last year, showing foreign investors’ confidence in the country’s economic scenario in the mid-and long terms.

Farm produce pile up in south as farmers struggle to sell them amid COVID restrictions

Farmers across the south and Central Highlands are struggling to sell their harvests due to COVID-19 restrictions on travelling and business operations, leading to a massive pileup of agriculture goods.

VAMA sets plans to develop local electric vechicles

Electric cars are an irreversible trend in the auto industry and are expected to grow strongly. To take advantage of this, the Vietnam Automobile Manufacturing Association (VAMA) has outlined plans to develop the local electric car industry.

Market might extend rallies this week

After opening the week on a negative note, the market climbed for the last three sessions, with the VN-Index successfully surpassing the psychological threshold of 1,350 points.

High-yield realty bonds allure investors but experts warn of risks

Fledgling property-backed bond market is tempting investors into the wager for its inviting high yields but experts still warn investors of potential risks of the products.

Pandemic speeds up digitisation, technology transformation

The COVID-19 pandemic does not slow down technological transformation or digitisation, but in fact speeds them up, companies said.

Banks urged to embrace digitisation

About 67 per cent of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking platform Mambu and The Financial Times Focus (FT Focus).

Garment, footwear industries struggle during pandemic

Textile, garment and footwear industries are still facing many difficulties due the COVID-19 pandemic, and unable to recover production and business in the short term.

Experts disagree with coal roadmap in Power Development Plan

The Vietnam Sustainable Energy Alliance (VSEA) raised concerns over the draft of the National Power Development Plan for the 2021 - 2030 period (PDP VIII).

Internet speed in Việt Nam is below world average

Speedtest statistics showed that the download speed of mobile networks in Việt Nam reached 42.46 Mbps in July, lower than the world average of 55.07 Mbps.

Digital transformation plays a vital role in agricultural development

To achieve ambitions to become a modern-oriented industrialised nation by 2030 and a developed country with high income by 2045, Việt Nam must succeed in the digital transformation process, in which agriculture is one of the priority areas, Minister of Foreign Affairs Bùi Thanh Sơn said.

Market ends the week on positive note

The market ended higher on Friday with improved liquidity. However foreign investors returned to net sell a value of over VNĐ1.7 trillion (US$75 million) on the southern bourse.

HDBank gets $50m from French development agency to finance green projects

Proparco, the private sector financing branch of Agence Française de Developpement (AFD), has granted a US$50 million loan to HDBank to finance green projects and promote sustainable development in Việt Nam.

Four Vietnamese digital transformation projects receive Australian funding

The Australian Government has announced a grant of nearly A$1.4 million (around US$1 million) for four Vietnamese high-tech application projects in the field of digital transformation, through the Aus4Innovation Programme.

Tetra Pak expands investment in Việt Nam

Tetra Pak has announced an additional investment of five million Euros in its 120 million Euro packaging material factory in Bình Dương Province on September 16.

Vietnamese motorbikes discounted to stimulate demand during COVID-19

Due to the impact of the COVID-19 pandemic and social distancing in many provinces and cities across the country, the consumption of the Vietnamese motorcycle market has dropped sharply in the last five months.

Enterprises strictly manage cash flow and make use of all financial resources

As the Delta variant of COVID-19 spreads, significantly disrupting production, firms are either experiencing or anticipating constraints on cash and working capital.

Viettel achieves record 5G speed

Viettel has successfully researched, tested and established 5G data transmission speed of more than 4.7Gb per second. This speed is 40 times higher than 4G speed and more than two times the existing 5G speed, making Viettel one of the fastest 5G telecomms networks in Asia.

Stock market a favoured investment channel for local investors

The stock market is becoming a favoured and profitable investment channel for investors amid the COVID-19 pandemic but it also poses many challenges for regulators and market members.