Business

State-owned utility Vietnam Electricity (EVN) has committed to keep electricity prices unchanged until the end of 2022, but warned extending it would be “extremely challenging.” Stabilizing electricity prices would support Vietnam’s economic recovery, EVN deputy director Nguyen Tai Anh said Friday at a power investment conference. But keeping the prices …

A street side eatery in Hanoi’s Old Quarter serves a seasonal special: crunchy red jellyfish.     Hanoi in the red jellyfish season Hanoi in the red jellyfish season

Renewable power projects that have missed deadlines for incentive tariffs might have to go through a bid process since the government is not inclined to continue offering the sweetener. The Ministry of Industry and Trade has recommended that national utility Vietnam Electricity (EVN) should start inviting bids for new renewable …

Huong Tran Kieu Dung, vice chairwoman of property developer FLC Group, is the latest company official to be arrested for allegedly manipulating the stock market and concealing information. She is also the chairman of Artex Securities, and reportedly helped FLC chairman Trinh Van Quyet and his company manipulate stocks. Quyet …

A group of 130 American tourists arrived in HCMC Friday, the largest group of foreign visitors to the city since Vietnam reopened to tourism three weeks ago. The group, comprising mostly entrepreneurs and first-time visitors to the city, was ceremonially welcomed at the Vietnam History Museum in District 1. They …

  A client using an e-wallet via his smartphone. Photo vnexpress.net HÀ NỘI —  The State Bank of Vietnam (SBV) has been developing a sandbox for fintech banking and gathering feedback on a draft regulating the sector. The SBV said the rapid development of fintech posed many challenges to financial authorities worldwide …

  Last year, the General Department of Customs completed regulations to shorten customs clearance time and reduce costs for enterprises. Photo nangluongsachvietnam.vn HÀ NỘI – The Ministry of Finance (MoF) will support businesses when implementing the socio-economic recovery and development programme, Finance Minister Hồ Đức Phớc said. Specific areas will include accessing markets, …

  The market share of securities companies by quarter. — Photo cafef.vn HCM CITY —  VPS Securities remained the top brokerage in the first quarter with a 17.9 per cent market share, according to data released by the HCM Stock Exchange. SSI Securities Corporation and VNDirect Securities Corporation were in second and third places with market shares of 9.66 per …

Cyber attacks on information systems in Việt Nam in the context of agencies and units strongly promote digital transformation. — Illustrative photo of vtv.vn HÀ NỘI — The Authority of Information Security, Ministry of Information and Communications reported more than 3,000 cyberattacks on systems in Việt Nam in the first …

  Workers at a garment factory. Photo cafef.vn HÀ NỘI —The Vietnam General Confederation of Labour has proposed a 7 per cent increase in minimum wages from July 1, but many insiders gave a thumbs down to the proposal. Bạch Thăng Long, deputy general director of Garment 10 Corp., underlined …