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Real estate industry has a hard time getting back on its feet post-COVID

  Real estate businesses hope that the COVID-19 prevention and control regulations will be further relaxed to recover post-pandemic. — Photo HCM CITY — Real estate businesses in HCM City are gingerly reopening, mostly consulting and carrying out transactions online due to the COVID-19 prevention and control regulations still in force. Trần Trọng Tiến, general director of a real estate brokerage ... Read More »

HDBank affirms position among top 5 prestigious banks in Việt Nam

  With its outstanding business results and accompanying the economy in overcoming the pandemic, HDBank affirms position among top five prestigious banks in Việt Nam. — Photo courtesy of the bank HCM CITY — HDBank has once again been honoured as one of the most prestigious private institutions in the country by Vietnam Report, affirming its position as among the most ... Read More »

Steel producers report strong growth in profits despite COVID-19

Hoà Phát Group’s workers checking steel inventories. Photo HÀ NỘI — Despite disruptions caused by the fourth wave of the COVID-19 pandemic, steel producers still reported extraordinary profits.  In its third-quarter financial report, Hoà Phát Group (HPG) posted a rise of 56 per cent year-on-year in revenue to VNĐ38.9 trillion (US$1.7 billion), resulting in record profit after tax of VNĐ10.35 ... Read More »

Swiss-Vietnamese deal enhances trade and cooperation between the two countries

  The signing ceremony of the Trade Policy and Export Promotion (SwissTrade) project in Hà Nội on Friday. — VNS Photo HÀ NỘI — To improve trade performance and the international competitiveness of small-and-medium-sized enterprises (SMEs), Switzerland and Việt Nam on Friday signed an agreement to implement the Trade Policy and Export Promotion (SwissTrade) project.  The project will run from ... Read More »

Việt Nam plans return of tourism and hospitality after COVID-19

  A view of Cát Bà Archipelago in Hải Phòng Province. Experts think Việt Nam’s tourism sector will grow gradually again after the pandemic. — VNA/VNS photo HÀ NỘI — After a bad year for business in 2020 as the COVID-19 pandemic shut down travel around the world, Việt Nam’s tourism revenue fell even further this year. Plans were discussed by experts at a forum ... Read More »

Del Monte-Vinamilk launches new products, targets 10% dairy market share in Philippines

  New products launched by Del Monte-Vinamilk in the Philippines market. — Photo courtesy of Vinamilk HÀ NỘI — Del Monte-Vinamilk, the joint venture of Del Monte Philippines Inc (DMPI) and Vietnam Dairy Product JSC (Vinamilk), has launched a new range of dairy products to consumers in the Philippines, marking its entry into the third-largest economy in the ASEAN. The US$6 ... Read More »

Financial access for female-led businesses boosted with loan

  JICA and VPBank have agreed to US$75 million to promote financial access for women-led small and medium-sized enterprises. — VNA/VNS Photo HÀ NỘI — To promote better financial access among female-led small and medium-sized enterprises, a US$75 million loan fund has been agreed upon. The Japan International Cooperation Agency (JICA) and the Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) signed the deal ... Read More »

ABBANK maintains steady growth

  ABBANK achieves positive results in the first nine months of the year. — Photo courtesy of the bank HCM C ITY — An Bình Commercial Joint Stock Bank has announced its results for the first nine months of the year, with pre-tax profit rising 65 per cent to nearly VNĐ1.56 trillion (US$68.8 million), after sustaining steady growth in the ... Read More »

Strong stock market gives securities firms profit a boost in Q3

An investor looking at stock trading boards. Photo HÀ NỘI — The active domestic market with high liquidity, mostly from local retail investors, has been supporting securities firms this year with many reporting outstanding performance.  Data from the State Securities Commission (SSC) showed that by the end of August, the market capitalisation reached over VNĐ8.101 trillion (US$357.86 billion), equivalent ... Read More »

Optimistic business signals fuel expectations of a stable and rapid recovery

  Packing line at Triệu Phú Lộc Furniture Co in Bình Dương Province. The Government, localities and businesses are rushing to put the economy back on track. — VNA/VNS Photo  By Mai Hương HÀ NỘI — Việt Nam’s economy has recently received many optimistic signals from the business community, which are fuelling expectations of a stable and rapid recovery after a long ... Read More »