Business

  A logo of VIB seen at its head office in HCM City. — Photo courtesy of the bank HÀ NỘI — Vietnam International Bank (VIB) had a great performance in 2021 with a profit exceeding VNĐ8 trillion (over US$343 million), up 38 per cent year-on-year, according to its business results released on Wednesday.  Especially …

The State Bank of Vietnam has instructed commercial banks not to pay dividends in cash this year so that they can lower interest rates to help revive the economy. This is the second year the central bank is doing so as the Covid-19 pandemic has caused major difficulties for businesses …

  Almost all traditional markets in HCM City have reopened after closing for weeks and even months as a safety measure during the peak of the COVID outbreak. — Photo nld.com.vn HCM CITY — Only 22 out of HCM City’s 233 markets that were closed as a safeguard measure against COVID-19 were yet …

Over 55 percent of Japanese companies want to expand their business in Vietnam in this and next year, according to a survey by Japan External Trade Organization (JETRO). 42.5 percent want to retain the same production scale in the country, the survey released Wednesday stated. The survey polled 4,600 Japanese …

  Trần Thanh Hải, Deputy Director of the Import-Export Department of the Ministry of Industry and Trade. Recently, thousands of container trucks have been seen queuing for customs clearances in northern provinces to enter China. Authorities have repeatedly encouraged businesses to quickly switch to official export channels to avoid putting …

  Garment products are made by workers of Tainan Enterprises Việt Nam Co in the Mekong Delta Province of Long An which ranked second among 59 localities with US$3.84 billion or equivalent to 12.3 per cent of the nation’s total investment in 2021. — VNA/VnExpress News Photo Minh Hưng HÀ NỘI — The …

  Inside a Tiền Phong Plastic Joint Stock Company factory. The company expects revenue and profit in 2021 to reach VNĐ4.8 trillion and VNĐ460 billion, respectively. — Photo courtesy of the company HÀ NỘI — While many plastic enterprises reported positive results in both revenue and profits in the fourth quarter of last year, …

A Vietnamese customer visits the Amazon website. Việt Nam’s firms are advised to embrace digital transformation to expand their market footprint via e-commerce. VNA/VnExpress News Photo Dương Giang HÀ NỘI — Although the UKVFTA has been in effect for just a year, it has brought a noticeable increase in trade between Việt Nam …

Circumstances are tough and workers need more money, but a proposal to significantly increase overtime cap has experts worried about workers’ health and their families’ well-being. Nguyen Thi Hao has no complaints whatsoever about the labor ministry considering increasing the monthly overtime cap for a worker from 40 to 72 …

Inflation in Britain rose faster than expected to a near 30-year high in December, intensifying a squeeze on living standards and putting pressure on the Bank of England to raise interest rates again. The annual rate of consumer price inflation increased to 5.4 percent from November’s 5.1 percent, the highest …