Business

  Delegates at a press conference to introduce Việt Nam’s first international rice festival in HCM City on December 1. — VNS Photo HCM CITY — The first ever international rice festival will be held in the Mekong Delta province of Hậu Giang from December 11 to 14. Speaking at a …

A banker performs a transaction at an office in Vĩnh Phúc Province. — VNA/VNS Photo  HÀ NỘI  — To build a healthy and sustainable bond market, the Ministry of Finance (MoF) recently met with relevant agencies to discuss measures for enhancing the policy framework for  long-term development. At the event, …

Vietnamese consumed 17.2 tons of gold in the first quarter of this year, down 12% over the same period last year, according to the World Gold Council (WGC). Specifically, they bought 12.6 tons of gold bars and coins, and 4.6 tons of gold jewelry. WGC Head of Central Banks Shaokai …

Big companies have had to sell off most of their assets at half their value due to a cash crunch, Minister of Planning and Investment Nguyen Chi Dung said Tuesday. “Companies have been facing cashflow challenges due to credit policy inconsistencies,” he told the National Assembly Standing Committee at a …

Hanoi Metro, operator of the capital’s first metro line, posted its first profit last year at nearly VND97 billion ($4.14 million). The profit was a turnaround from the VND37 billion loss recorded in 2021. The company saw revenues surge sevenfold to VND483 billion. The Cat Linh – Ha Dong Metro …

Banks have been steadily cutting deposit interest rates, which have reached around 8%, a move aimed at reducing lending rates to support businesses. The highest listed rate for 12-month deposits is around 8% per year. Larger private banks have cut the 12-month rate to below 8%. SHB, Techcombank, ACB, and …

  Deputy Minister of Industry and Trade Đỗ Thắng Hải speaks at the Vietnam E-commerce Development conference on December 1. — VNA/VNS Photo Uyên Hương. HÀ NỘI — Việt Nam’s e-commerce market has continuously recorded outstanding growth at 16-30 per cent yearly and is expected to reach US$20.5 billion in 2023, according to Deputy …

Banks, including VietBank (VBB) and Viet Capital Bank (BVB), are expected to transfer from UpCOM exchange to the Ho Chi Minh City Stock Exchange (HoSE). The plans were approved at their recent General Meeting of Shareholders. Nguyen Huu Trung, general director of Vietbank, said that the listing of VBB shares …

The 10-year anniversary of FPT and RWE. Photo courtesy of FPT HÀ NỘI Global technology service provider FPT Software and one of Germany’s leading energy companies RWE recently celebrated 10 years of strategic partnership. Building upon this foundation, FPT Software aims to further support RWE’s goals with expanded offerings to …

  Hà Nội strives for the average housing area per capita to reach 29.5 sq.m in the period of 2021 – 2025. — VNA/VNS Photo HÀ NỘI — Apartment supply in Hà Nội is forecast to increase in the coming years to meet market demand, especially social housing products and …