Tuesday , 2 March 2021
Breaking News
You are here: Home » Business

Category Archives: Business

Shares surge on strong cash inflows

Workers operating equipment for oil and gas production. PetroVietnam Gas shares inched higher on Monday, contributing to the gain of the VN-Index. Photo courtesy of PetroVietnam Gas HÀ NỘI — Việt Nam’s stock market edged higher on Monday as investors flocked into oil and gas, construction and banking stocks.  The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) finished ... Read More »

We can all do our bit to fight deflation risk

  Brian Spence *Brian Spence The spectre of rising inflation haunts the Western world, very much blunting the joy over vaccine rollouts. In contrast, worry is building that Việt Nam is set to experience the opposite for the first time. Fears about deflation stem from the fact that consumer prices have been falling by about 0.2 per cent a month ... Read More »

Hi-tech investors flock to Đà Nẵng

  Representatives of Đà Nẵng present investment licences to seven investors at the Đà Nẵng Hi-Tech Park and Industrial Zones. More than US$280 million will be poured into the city’s IZ and Hi-tech Park. VNS Photo Quốc Dũng  ĐÀ NẴNG — Six investment licences and one investment proposal project at Đà Nẵng Hi-Tech Park and Industrial Zones worth more than US$280 ... Read More »

FPT Digital established

Hoàng Việt Anh, FPT Digital’s chairman. — Photo courtesy of FPT HÀ NỘI — FPT Corporation recently established FPT Digital, specialising in providing digital transformation consulting services to businesses. This is the ninth member company of FPT Corporation and was established with the aim of perfecting the digital transformation service ecosystem for corporate customers. Its digital transformation consulting service covers ... Read More »

Credit market share of private banks rise

  Techcombank’s credit market share increased 86 basis points in the past five years. Photo nhipcaudautu.vn HÀ NỘI — Private banks have posted significant growth in credit market share in the past five years. According to statistics from Viet Dragon Securities Company (VDSC), 26 listed banks by the end of 2020 increased their total credit market share to 71.3 per cent from 65.4 ... Read More »

High-tech farming needs investment and proper policies

  A high-tech greenhouse of a farmer in Chu Điện Commune, Lục Nam District, the northern province of Bắc Giang, who built it with preferential loans from the local goverment. — VNA/VNS Photo Trần Việt HÀ NỘI — Việt Nam’s agriculture sector is aiming to be among the 15 most developed countries in the world, in which the agricultural processing sector ranks ... Read More »

Gold companies brace for rush on God of Wealth Day

  Gold products made for the God of Wealth Day on February 21. — VNS Photo HCM CITY — Gold demand is expected to surge on the God of Wealth Day on the 10th day of the Lunar New Year, which falls this year on February 21, as Vietnamese believe that would bring good luck and prosperity through the year. ... Read More »

Coal companies report rises in revenues but declining profits

  Mông Dương Coal (MDC) achieved profit of VNĐ79 billion in 2010, but by the end of 2020, this enterprise only reported profit of VNĐ27.8 billion. Photo monduongcoal.vn HÀ NỘI — As mining activities are seasonal and affected by the weather, revenue and profit of coal mining businesses have fluctuated continuously over the past 10 years. Vinacomin – Northern Coal Trading ... Read More »

Shares edge higher on large-cap stocks

A worker at one of Vietnam Rubber Group (GVR)’s processing plants. GVR shares increased nearly 7 per cent on Thursday. VNS/VNA Photo HÀ NỘI — The market maintained its rally on positive sentiment with some big stocks suddenly surging at the end of Thursday’s session.  On the Ho Chi Minh City Stock Exchange (HoSE), the VN-Index climbed 1.61 per cent to 1,174.38 points. The ... Read More »

Viglacera Thăng Long predicts plunging profits

  Established in  2003, Viglacera Thăng Long Joint Stock Company (TLT) specialises in manufacturing and selling ceramic products and all kinds of building materials. Photo viglacera.com.vn HÀ NỘI— Viglacera Thăng Long Joint Stock Company (TLT) hopes to achieve revenue and pre-tax profit of VNĐ110.6 billion (US$4.8 million) and VNĐ270 million in the first quarter of 2021, down 31 per cent and ... Read More »