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Peer to peer lending becoming increasingly popular in VN

Inauguration of Megalend Việt Nam Investment and Trading Corporation, a fintech firm, in HCM City on September 5. — VNS Photo Viet Nam News HCM CITY — Peer to peer, or P2P, lending has been developing rapidly around the world in recent years with the establishment of many online lending companies, experts have said. P2P ... Read More »

Vinalines IPO gains, but fails to hit target

In 2019, Vinalines aims at revenue of VNĐ12.7 trillion and pre-tax profit of VNĐ711 billion. — Photo baogiaothong.vn Viet Nam News HÀ NỘI — State-owned shipping firm Việt Nam National Shipping Lines, raised a meagre VNĐ54.3 billion (US$2.33 million) from an initial public offering (IPO) at the Hà Nội Stock Exchange on Wednesday. The firm had set an earning target ... Read More »

Sacombank gives scholarships to 3,051 students

Phạm Thị Thu, director of Sacombank’s Đồng Nai branch, gives away scholarships to school students at the province’s Ngô Quyền High School. — Photo courtesy of Sacombank Viet Nam News HCM CITY — Sacombank has granted 3,051 scholarships worth a total of VNĐ3.9 billion (US$167,589) to high school and university students at the beginning of the 2018-19 academic year. They ... Read More »

Vietnam is world’s fifth most optimistic country in Q2: Nielsen

Vietnam was the fifth most optimistic country in the world in the second quarter of this year, a notch lower than in the previous quarter, experts said. The downtrend was due to decreased positivity about job prospects and perception of time to buy. However, Vietnamese consumer confidence remained stable in the second quarter with an index score of 120 percentage ... Read More »

MoIT to auction duty quota for sugar import

Farmers at the northern province of Tuyên Quang harvest sugarcane. – VNA/VNS Photo Quang Đán Viet Nam News HÀ NỘI — The Ministry of Industry and Trade (MoIT) will hold bids on the right to use duty quota to import 94,000 tonnes of sugar this year. The bidding will take place at 9am in the ministry’s meeting room on 23 ... Read More »

Coffee drinkers vote ‘local flavour’

Coffee has become a cornerstone of Vietnamese culture and a popular export item for decades. While foreign brands find it increasingly difficult to enter the lucrative market, domestic chains are more successful in catering to local tastes and have even begun to implement Fair Trade practices. As the second-largest coffee-exporting country in the world, Vietnam has continued to affirm its ... Read More »

Tra fish shipments give hope to aquatic product exports

Tra fish (pangasius) exports are likely to surpass 2 billion USD for the first time this year, presenting an opportunity for Vietnam’s aquatic product exports to realise or even exceed its yearly goal of 9 billion USD. Processing Tra fish for export Tra fish is one of three key aquatic exports of Vietnam, alongside shrimp and tuna. According to Chairman ... Read More »

Stocks decline over serious correction worries

Investors at FPT Securities JSC’s trading house in Hà Nội. – VNS Photo Trương Vị Viet Nam News HÀ NỘI – Vietnamese shares ended lower on Tuesday as investors showed caution over possibilities of a strong market’s correction after it had failed to beat the 1,000-point landmark. The benchmark VN Index on the HCM Stock Exchange lost 1.37 per cent ... Read More »

Vietnam’s industrial production expands 11.2 pct in 8 months

Vietnam’s industrial production index (IPI) rose 11.2 percent on-year in the first eight months of 2018, the General Statistics Office (GSO) has announced. Nghi Son Oil Refinery and Petrochemical complex in the central province of Thanh Hoa. (Source: cafeF)  The growth, higher than the 8.2 percent in the same period last year, was mainly fuelled by crude oil production, which ... Read More »

BUSINESS NEWS IN BRIEF 3/9

Quang Ninh aims to become leading service centre The northern coastal province of Quang Ninh has outlined comprehensive measures to attract key projects in trade, aiming to become a leading service centre in the country. Two years ago, local authorities granted approval for a master plan to develop the trade sector by 2025 with a vision towards 2030. The province ... Read More »