Vietnam 

Development of digital economy requires national strategy for network security – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Representative of a company introduces a security solution to visitors at the Vietnam Security Summit 2019 in Hà Nội. — Photo courtersy of the event organiser     HÀ NỘI – Việt Nam’s digital economy has progressed rapidly in recent years, but challenges in network security require the country to build a comprehensive national strategy to address network vulnerabilities. Việt Nam’s internet economy reached US$9 billion in 2018, making up 4 per cent of Việt Nam’s gross domestic product (GDP) and tripling that of 2015, and…

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Vietnam 

Telecoms firms ready for mobile money service – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    The signs of online payment service providers GrabPay and Momo displayed at a food store on Trần Hưng Đạo Street, Hà Nội. VNS Photo Mai Hương     HÀ NỘI — Telecommunications firms are ready to pilot a mobile money service thanks to their modern technology infrastructure, customers, wide transaction point networks and financial resources. Prime Minister Nguyễn Xuân Phúc has directed the Ministry of Information and Communications in co-ordination with the State Bank of Việt Nam to develop a mobile…

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Vietnam 

Fuel price hikes create pressure but CPI under control – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Giáp Bát Bus Station. Recent petrol price hikes were putting pressure on consumer prices.  VNA/VNS Photo Quang Quyết     HÀ NỘI – Petrol price hikes in April were putting pressure on prices but the consumer price index (CPI) was still under the control, according to the General Statistics Office (GSO). Petrol prices rose twice in April, adding altogether VNĐ2,500 per litre (US$0.11), equivalent to 14 per cent, to VNĐ19,703 for petrol E5 RON92 and VNĐ21,235 for petrol RON 95. Coupled…

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Vietnam 

Mortgage requirements stand between small companies and bank loans – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Small enterprises complain at a conference in HCM City on Thursday that it is difficult for them to get bank loans because of stiff mortgage conditions. VNA/VNS Photo HCM CITY –Small- and medium-sized enterprises are unable to borrow from banks because they do not have property to mortgage, Trần Việt Anh, deputy chairman of the HCM City Business Association, has said. He was speaking at a conference held to bring together enterprises and banks in HCM City on Thursday, where many small enterprises in the city complained about…

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Vietnam 

Housing developers target hospitality segment – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Photo shows real estate projects surrounding Sealinks Villa Mũi Né in Phan Thiết City, Bình Thuận Province. — VNS Photo Thái Hà HCM CITY – Many giant housing real-estate developers in HCM City are flocking to the hospitality segment by developing or distributing new projects in tourism areas. Kiến Á Corporation, a real-estate developer with over 25 years of operation, is developing Le Meridien Cam Ranh Bay Resort and Spa. The company told Việt Nam News that its project would be completed…

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Vietnam 

Hà Nội helps bring farmers into 21st century with tech – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A worker tends to orchids in a greenhouse at a farm in Hà Nội. The greenhouse is equipped with automatic watering and temperature control systems to boost production. — Photo Courtesy of the Hà Nội Department of Agriculture and Rural Development     HÀ NỘI — Nguyễn Đức Dần, chairman of the Ba Trại Commune People’s Committee, cannot hide his happiness as he discusses his community’s strides in tea production. Dần said tea production has been rising, boosting the incomes of local…

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Vietnam 

Low-cost carrier Vietjet sets sights high with $1.8b annual profit target – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Shareholders at Vietjet’s annual general shareholders’ meeting held in HCM City on Friday. — VNS Photo HÀ NỘI — Vietjet Aviation Joint Stock Company is aiming for nearly VNĐ42.3 trillion (US$1.8 billion) air transport revenue in 2019, 25 per cent higher than last year’s figure. The company also hopes to earn air transport profit of VNĐ3.8 trillion ($163 million) this year. These targets were announced at the company’s annual general shareholders’ meeting held in HCM City yesterday. This year, Vietjet will focus on international route expansion to promote foreign currency revenue from ticketing, take…

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Vietnam 

Shares rebound, liquidity hits low – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

        HÀ NỘI – Shares rose for the first time this week yesterday, driven by the recovery of heavyweight stocks, but liquidity hit a four-month low amid investor caution. Việt Nam’s benchmark VN-Index edged up 0.41 per cent to close the session at 966.21 points, narrowing the Hồ Chí Minh Stock Exchange’s index loss to 1.7 per cent this week. On the Hà Nội Stock Exchange, the HNX-Index inched up 0.12 per cent to end the day at 105.88 points. The northern market index decreased 1.7 per…

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Vietnam 

Vietnamese goods week at Co.opmart – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

      A booth at “A week of Vietnamese businesses’ products at Co.opmart” programme being held at Co.opmart Huỳnh Tấn Phát in HCM City’s District 7 from April 18 to 22. — Photo Các Ngọc   HCM CITY — “A week of Vietnamese businesses’ products at Co.opmart” programme has opened at Co.opmart Huỳnh Tấn Phát in HCM City’s District 7.   The programme seeks to enable businesses to introduce their products directly to consumers by bringing them into the supermarket’s distribution system. Nearly 60 businesses in various sectors, including…

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Money 

Congestion or consumption? Beijing ponders trade-off on car purchase incentives to boost Chinese economy

A debate over whether the Chinese government should extend financial incentives for car purchases to increase consumption and economic growth is heating up.It started as sales in the world’s largest automobile market fell for the tenth month in a row in March. This created problems for domestic and foreign carmakers and hindered Beijing’s efforts to create a “powerful home market” that would offset the impact of China’s trade war with the US and slowing demand for Chinese exports.As China’s… Source link

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