Dragon Bridge in the central city of Đà Nẵng. VNA/VNS Photo ĐÀ NẴNG — The central city of Đà Nẵng will hold a series of economic, trade, and investment events in June, most importantly the Đà Nẵng investment forum on June 26, said Hồ Kỳ Minh, deputy chairman of the municipal People Committee at …
Read More »HCM City enjoys good economic recovery, development signals
Processing tra fish for exports at a factory in the southern province of An Giang. Việt Nam has set a seafood export target for this year of $9 billion. VNA/VNS Photo Vũ Sinh HCM CITY — Socio-economic recovery and development have been seen in HCM City – the biggest economic hub in …
Read More »Economic forum to discuss economic self-reliance amid global headwinds
Nguyễn Thành Phong (standing), vice chairman of the Economic Commission, speaks at a press conference on Tuesday about the fourth Việt Nam Economic Forum to be held in HCM City on June 5. Photo: Vietnam Government Portal HCM CITY — Technological self-sufficiency and a focus on the domestic market are …
Read More »Hoi An among world’s 10 most ideal car-free destinations: NatGeo
U.S. magazine National Geographic has recommended Hoi An ancient town in central Vietnam among the world’s 10 car-free tourist destinations ideal for Americans to visit this summer. “Hoi An, a UNESCO heritage site, features 1,000 buildings dating from the 15th through 19th centuries, including shophouses and pagodas,” NatGeo stated. The …
Read More »Petrol prices surge past VNĐ31,000 a litre for first time
The price of RON95 bio-fuel RON95 was increased by VNĐ921 to a maximum of VNĐ31,578 (US$1.37) per litre from June 1. — Photo petrolimex.com.vn HÀ NỘI — The retail prices of oil and petrol continued to rise yesterday following the latest adjustment by the Ministry of Industry and Trade and Ministry of Finance …
Read More »Lien Phong brings global products to Vietnamese consumers
Lien Phong’s mission is to become a trade bridge for high-quality mother and baby products. Lien Phong Import-Export Co., Ltd., an importer of FMCG products, was a distributor of Australian milk in Vietnam. In recent years it has been expanding partnerships to become the exclusive import and distribution partner for …
Read More »Warburg Pincus leads $250 mln investment in Novaland
Novaland plans to use $250 million investment from Warburg Pincus and others to increase its strategic land bank and complete development of some major projects. Novaland Investment Group Joint Stock Company (HOSE: NVL), a member of NovaGroup, announced the completion of a US$250-million round of funding by a consortium led …
Read More »Gasoline prices surge to another new record
Vietnam’s gasoline prices set yet another record Wednesday after authorities adjusted them upward for the fifth consecutive time in less than two months. The price of popular RON 95 rose by 3 percent to VND31,570 ($1.36) a liter, while that of biofuel E5 RON 92 surged 2 percent to VND30,230. …
Read More »Warburg Pincus invests $250 million in Novaland
Novaland plans to use $250 million investment from Warburg Pincus to increase its strategic land bank and complete development of some major projects. Novaland Investment Group Joint Stock Company (HOSE: NVL), a member of NovaGroup, announced the completion of a US$250-million round of funding by a consortium led by Warburg …
Read More »VN-Index hits 3-week high
Vietnam’s benchmark VN-Index rose 0.53 percent to 1299.52 points Wednesday, highest in three weeks, continuing its recovery. The index closed nearly seven points higher after losing over one point Tuesday. It has risen nearly 59 points in the last 10 sessions. Trading on the Ho Chi Minh Stock Exchange (HoSE) …
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