Business

Real estate giant Vinhomes has cut its profit target for this year by 23 percent from last year to VND30 trillion ($1.31 billion). This would end its four straight years of profit growth, but it did not offer any explanation for its expectation of a profit decline. The company, a …

Deputy Minister of Planning and Investment Trần Duy Đông speaks at the announcement ceremony. — Photo kinhtevadubao.vn HÀ NỘI — This year will be pivotal for the next stage of development of innovative enterprises and Việt Nam’s digital economy to attract investment capital. The Việt Nam National Innovation Center (NIC) and …

  FPT’s software developers at an office in Hà Nội. In the first three months, the group reported a VNĐ9.73 trillion (US$423 million)  in revenue and VNĐ1.77 trillion in pre-tax profit. — Photo coutersy of FPT HÀ NỘI — Multi-industry group FPT enjoyed high growth in revenue and pre-tax profit in Q1 on …

  A person shops online. Online businesses will involve more economic sectors and more big players in the time to come. — Photo consosukien.vn   HÀ NỘI — Việt Nam can become the second largest digital economy in Southeast Asia in 2025, while the country’s e-commerce market will draw more large-scale …

  ASIM Telecom becomes the 8th network in the market. Photo vtv.vn HÀ NỘI — ASIM Telecom, the developer of the LOCAL mobile network, has officially been given a licence to establish a public telecom network from March 31, becoming the 8th network in the market. The network operator has carried …

The strategic partnership agreements between parties to develop The Global City in HCMC were witnessed by Graham Stuart, MP, prime minister trade envoy to Vietnam, Cambodia and Laos. Masterise Homes has signed strategic partnership agreements with Foster + Partners and Quimera Energy Efficiency in developing The Global City in HCMC …

  Prime Minister Phạm Mình Chính (centre) at an event to start the country’s e-invoice programme. — VNA/VnExpress News Photo Dương Giang  HÀ NỘI — Electronic invoices, or e-invoices, play a vital role in creating a transparent and fair business environment, a more streamlined administrative process, higher productivity, and are …

HÀ NỘI — The United States Agency for International Development (USAID) and Việt Nam’s Ministry of Planning and Investment (MPI) signed an amendment to their bilateral partnership agreement to expand USAID’s support to include local capacity development. The amended agreement will expand joint efforts to strengthen private sector competitiveness, innovation …

  Experts and other delegates at a seminar on ‘Mastering the niche market’ in HCM City on April 20. — Photo sohuutritue.net.vn HCM CITY — Niche market development will help businesses save communication costs for promoting their products and reduce competition, experts said. Nguyễn Tuấn, deputy director of the Investment and …

A banker counting VNĐ500,000 banknotes. Photo nld.com.vn HÀ NỘI — The Vietnamese corporate bond market is a young and growing market, but lacks control. Credit rating is one of the key steps to reducing risk and helping the market move towards proper development, according to experts.  While bond issuances through public placement are more difficult …