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Business

Vietnamese exports to India likely to rise by US$633 million

Vietnamese businesses could increase exports to India by US$633 million annually, the Standard Chartered Trade Opportunity Report has revealed.

2020 represents a successful year for Vietnam, says PM Phuc

Prime Minister Nguyen Xuan Phuc announced that 2020 marks a successful year for Vietnam during an address at the year-end session of the National Assembly on October 20, noting the special results achieved throughout the year.

Vietnam Airlines increases flights on domestic routes

Vietnam Airlines is set to add more flights on its domestic routes to meet increasing travel demand, said a representative of the national flag carrier.

Various kinds of handicraft products are being introduced and put on sale at the Hanoi Gift Show 2020 which is being held at the National Architectural Planning and Construction Exhibition from October 15 to 18.

Vietnam to become 4th largest economy in Southeast Asia: IMF

Vietnam's gross domestic product (GDP) is estimated to reach USD340.6 billion this year, making it the fourth-largest economy in Southeast Asia

Pork prices sharply fall due to abundant supply

Pork prices in Vietnam have been on a drastic decrease thanks to abundant supply.

Market Management Department in Can Tho Province has destroyed smuggled and low-quality beer.

HCM City targets per capita GDP of USD40,000 by 2045

HCM City authorities have set new development goals to make the city into a financial centre by 2045.

More Business

State-owned enterprises’ overseas investments face losses(10/16/2020)
More hotels in HCM City to offer paid quarantine service(10/15/2020)
Six Vietnamese billionaires in Forbes magazine's 2020 list(10/14/2020)
Vietnam Airlines loses 10.75 trillion VND in nine months(10/14/2020)
Binh Duong expects wave of billion-dollar foreign investment(10/14/2020)
Banks cut interest rates from October(10/12/2020)
Positive outlook ahead for economic growth in 2020(10/11/2020)

Grab invests USD500m into Vietnam's e-economy

Grab announced that it will invest USD500m into the e-economy in Vietnam as the Decree 10 has legalised app-based taxis which will enable app-based taxi firms to operate in more provinces and cities in Vietnam.

Finance

85 percent of businesses listed on stock market report profit growth in Q3

As many as 706 enterprises, 85 percent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.

The Government’s foreign debts have been declining sharply and under the Government’s control, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission.

Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen

Vietnam had 12,327 people with USD3 million to below USD30 million in net assets by the end of 2018, up 23% over the past five years and the figure is projected to reach 15,776 people by 2023.