Business

  EVNNPC workers check the operations of a transformer station. — VNA/VnExpress News Photo HÀ NỘI — Việt Nam Electricity (EVN)’s Northern Power Corporation (EVNNPC) has retained its long-term foreign-currency issuer default rating at “BB” with a positive outlook as issued by Fitch Ratings. This rating is at the same level …

  With the expansion of the card opening ecosystem in the virtual environment, VIB is the first bank in Việt Nam to participate in the Metaverse.  — Photo courtesy of VIB HCM CITY — The Vietnam International Bank (VIB) has announced the expansion of the card opening ecosystem in the Bizverse World …

Lu Minh Son, the interim chairman of HCMC-based housing developer Thuduc House, is set to quit after just a month at the helm. He submitted his resignation Monday citing personal reasons. Son was elected to the job on Feb. 9 for the period until Apr. 20, when the company’s annual …

The government on Tuesday agreed to resume its unilateral visa exemption policy for citizens from 13 countries as Vietnam seeks to reopen inbound tourism after nearly two years of closure. Citizens from Belarus, Denmark, Finland, France, Germany, Italy, Japan, Norway, Russia, South Korea, Spain, Sweden, and the U.K. will be …

IIP in February grew by 8.5 per cent year-on-year. The processing and manufacturing industry is still the main driving force. — VNAVnExpress News Photo HÀ NỘI — The index of industrial production (IIP) grew by 8.5 per cent in February over the same period last year, marking the fourth consecutive monthly …

The Ministry of Finance has clarified that it is not considering a new property tax to allay developers’ anxiety following recent reports it is doing so. On February 24 it had written to government agencies and localities seeking feedback on several laws, including on real estate. It had asked if …

Vietnam’s foreign exchange reserves have climbed to a record of nearly $110 billion, but experts say it needs to be increased further to prevent possible economic “shocks”. The figure has quadrupled since 2015 and poses the need for establishing an agency to manage the reserves, the State Bank of Vietnam …

  The perspective of Merry Land Hải Giang invested by Hưng Thịnh Land JSC – one of FAST500 firms. About 67.6 per cent of the surveyed companies are confident about the year ahead. — Photo courtesy of the firm HÀ NỘI — Some 83.3 per cent of the 500 fastest-growing companies in …

  Despite the boom in new SMEs created in the last two years, access to funding remains a constant roadblock with 32 per cent of these businesses experiencing difficulty securing starting capital. — Photo courtesy of Mambu HÀ NỘI — In Southeast Asia, nearly half (48 per cent) of small-and-medium-sized enterprises …

Ba Huan Joint Stock Company, the country’s leading pasteurized eggs producer, plans to sell a 25 percent stake to a Singapore-based Vietnamese entrepreneur. “The decision was made after more than a year of both getting to know each other,” Pham Thi Huan, its chairwoman, said. Tran Viet Hung, the businessman, …