Vietnam’s benchmark VN-Index rose 0.09% to 1,125.50 points Monday as it continued to go flat after a surge earlier this month. The index closed 1.06 points higher after gaining 2.95 points in the previous session. Trading on the Ho Chi Minh Stock Exchange decreased by 17% to VND14.65 trillion ($603.44 …
Read More »Ceiling airfares increased as rising costs weigh on profits of domestic airlines
A passenger at an automated check-in kiosk at Nội Bài International Airport. Ceiling airfares will be increased from March 2024. — VNA/VNS Photo Huy Hùng HÀ NỘI — The Ministry of Transport has issued a circular which will increase ceiling airfares for domestic routes from March 1, 2024, after the …
Read More »One-third of coal must be imported in 2024
Vietnam needs 74.3 million tons of coal to produce power next year, but domestic supply can only meet 65% of that demand, so the rest must be imported. This means the country will need to import 26 million tons of coal from its main markets in Australia and Indonesia. In …
Read More »Excess solar power purchased at 0 đồng?
Workers of Vietnam Electricity install rooftop solar panels. — VNA/VNS Photo Compiled by Ly Ly Cao HÀ NỘI — The Ministry of Industry and Trade (MoIT) is seeking public opinions on a draft proposal regarding rooftop solar power for self-consumption without selling electricity to organisations, individuals, or the national grid. The …
Read More »Securities companies gear up for capital increase
SSI Securities Company (SSI) has announced its intention to seek shareholders’ approval for a plan to issue 453 million shares to increase its charter capital from equity sources. Photo SSI HÀ NỘI – The competition to increase capital among securities companies is showing signs of excitement once again in the …
Read More »Nvidia to expand ties with Vietnam, support AI development
U.S. chipmaker Nvidia’s chief executive said on Monday the company will expand its partnership with Vietnam’s top tech firms and support the country in training talent for developing artificial intelligence and digital infrastructure. Nvidia, which has already invested $250 million in Vietnam, has so far partnered with leading tech companies …
Read More »Going green crucial for growing agricultural exports
Greening agriculture is not a burden but an opportunity. — Photo courtesy of Pexels HCM CITY — Adopting high sustainability standards puts pressure on the agricultural sector but also creates opportunities to gain a competitive edge, experts have said. While Việt Nam has admittedly gained momentum in agricultural exports in …
Read More »Bạc Liêu Province focuses on ‘One Commune-One Product’ programme
A salt field in Bạc Liêu Province. The province has many kinds of salt recognised as OCOPs. — VNA/VNS Photo BẠC LIÊU — Bạc Liêu Province has made efforts to develop more products under the national “One Commune-One Product” programme and promote their sales to increase rural incomes. Four years …
Read More »New transmission line proposed to import more electricity from Laos
The Ministry of Industry and Trade has proposed installing another power transmission line to Laos to increase supply. It would help ensure energy security for northern Vietnam, especially during the dry season, as no new major power plant is set to go on stream until 2025, Minister of Industry and …
Read More »US chip giant NVIDIA aims to set up centre in Việt Nam
Prime Minister Phạm Minh Chính and President cum CEO of Nvidia, Jensen Huang. — VNA/VNS Photo HÀ NỘI — Nvidia wishes to establish a base in Việt Nam as it views the Southeast Asian nation as its home, President and CEO of the US chip giant Jensen Huang told Prime …
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