“Speak to Inspire, Vietnam” is the first English public speaking and debate competition organized by edtech company NPX Point Avenue, in partnership with Netflix and the U.S. Embassy in Hanoi. The competition is accepting applications from Jan. 10 to February 9, 2022, and open to Vietnamese students between the ages …
Read More »Vietnam cut excise duty on battery electric car to 3 pct
The National Assembly Tuesday voted to cut excise on battery-run electric cars to 3 percent for a period of five years. With effect from March 1 the tax on various types of battery electric vehicles (BEVs) will be reduced by 3-12 percentage points from current levels and be valid until …
Read More »Ho Chi Minh Stock Exchange cancels FLC share sale, freezes chairman’s accounts
The Ho Chi Minh Stock Exchange (HoSE) has canceled the Monday sale of 74.8 million FLC shares and frozen its chairman’s accounts following his trading violations. The decision was made on directions from the State Securities Commission of Vietnam (SSC), the HoSE announced Tuesday evening. The transaction was canceled because …
Read More »Banks’ charter capital surged in 2021
A BIDV office in Hà Nội. By the end of last year, BIDV was the bank with the largest charter capital in the Vietnamese banking system. — VNA/VnExpress News Photo HÀ NỘI — Banks increased their charter capital by more than VNĐ110 quadrillion in 2021 – the highest annual growth to date …
Read More »Vietnam operating costs among Asia’s lowest: report
Vietnam has the second lowest operating costs among nine countries in Asia and is assessed to have high logistics development potential, a report says. The monthly minimum operating cost for a manufacturing company in Vietnam is $79,280, compared to leader Singapore at $366,561 and second placed Thailand at $142,344, according …
Read More »ETF cash flows expected to return in 2022: SSI Research
Two investors looking at stock trading boards. — Photo vietnamplus.vn HÀ NỘI — Even though capital flows from exchange traded funds (ETFs) were not active in December, they are expected to return to the market in 2022, said SSI Research. ETF trading was relatively quiet last month with low liquidity. In …
Read More »Việt Nam, Canada eye stronger economic co-operation
Vietnamese Deputy Minister of Industry and Trade Đỗ Thắng Hải and Chief Trade Commissioner and Assistant Deputy Minister Sara Wilshaw at Global Affairs Canada signed a Memorandum of Understanding. — VNA/VnExpress News Photo HÀ NỘI — Vietnamese Deputy Minister of Industry and Trade Đỗ Thắng Hải and Chief Trade …
Read More »Market potential of elderly service industry growing fast
Elderly people are taken care for in Nhân Ái Nursing Centre in Hà Nội. With an increasing number of aging people, Việt Nam has potential in elderly care services. — Photo courtesy of the centre HÀ NỘI — The increasing demand for services for the elderly has created investment and business …
Read More »VinFast’s vehicle sales up over 21 per cent in 2021
VinFast’s VF6.— VNA/VnExpress News Photo HÀ NỘI — VinFast Trading and Service Ltd Co, a subsidiary automaker of conglomerate Vingroup, sold 35,723 vehicles in 2021, posting a year-on-year surge of 21.2 per cent despite the COVID-19 pandemic. The number of vehicles delivered to customers in December 2021 was 3,047. This was …
Read More »Telecom providers launch Mobile Money service
Mobile Money is expected to push cashless payments in Việt Nam, as only 70 per cent of the population have a bank account. — Photo courtesy of Viettel HÀ NỘI — Telecommunications isn’t the booming industry it once was, thanks to the mobile market becoming saturated in recent years. …
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