Vietnam 

Vietjet named in Forbes’ top 50 listed Vietnamese companies – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Vietjet representative (centre) receives the Forbes award. — VNS Photo HCM CITY — Vietjet Aviation Joint Stock Company (HOSE code: VJC) was recognised as one of Việt Nam’s 50 best listed companies in 2019 by Forbes Magazine during an award ceremony in HCM City on Thursday. This year’s list also including other leading companies on the HCM Stock Exchange (HOSE) and Hà Nội Stock Exchange (HNX) such as dairy firm Vietnamilk, beer maker Sabeco, IT giant FPT Corp, DHG Pharmaceutical, insurance-finance group Bảo Việt, digital retailer Mobile World and realty developer Vingroup. Honoured companies this…

Read More
Vietnam 

HCM City’s investment stimulus programme yields solid results – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Nguyễn Thành Phong (C), chairman of the city People’s Committee, speaks at the seminar to review the city’s investment stimulus programme in HCM City on Thursday. — VNS Photo HCM CITY — It has been a remarkable transformation for HCM City’s People’s Hospital 115 which recently became the first medical facility in the country to successfully carry out a robotically-assisted brain tumour surgery. Thirty years ago, its only piece of equipment had been an x-ray machine. It currently gets 3,000 to 4,000 patients a…

Read More
Vietnam 

Việt Nam needs skilled workers for digital transformation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Speakers at the 2019 Economic Forum organised in HCM City on Thursday by Forbes Việt Nam, which this year had the theme “Navigating the Digital Age”. VNA/VNS Photo Mỹ Phương HCM CITY — To transition from a natural resources-based labour intensive economy to a knowledge-based economy, VIệt Nam should acquire a high-skilled workforce that can navigate the digital transformation, experts have said.   Speaking at an economic forum in the city on Thursday, Dr Trần Đình Thiên, member of the National Monetary and Financial Policy Advisory Council, said Việt…

Read More
Vietnam 

Gov’t plans to equitise 93 SOEs through 2020 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    93 State-owned enterprises (SOEs), including Agribank, will be equitised from now to the end of 2020. Photo Agribank HÀ NỘI — The Government is stepping up equitisation efforts, setting to equitise 93 State-owned enterprises (SOEs) from now to the end of 2020. Under a decision signed this week by Prime Minister Nguyễn Xuân Phúc, the State aims to hold at least 65 per cent of charter capital in four SOEs, including Bank for Agriculture and Rural Development (Agribank), National Coal-Mineral Industries Holding Corporation Limited (Vinacomin), Northern Food Corporation…

Read More
Vietnam 

Kiên Giang gets Ministry of Construction nod to delay special economic zone plans – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HCM CITY — The Ministry of Construction has green-lighted Kiên Giang Province’s proposal to suspend the master plan to develop Phú Quốc Island into a special administrative-economic zone (SEZ). In a report to the Government Office, the ministry said: “Right now is not the right time to establish a master plan to develop Phú Quốc Island into an SEZ due to lack of provisions in the current laws on planning [to set up a special economic unit].” But as a long-term development strategy, it said the province should draft…

Read More
Vietnam 

Int’l accounting rules pave way for investment – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The Ministry of Finance held a seminar in Hà Nội on Friday. During 2022-2025, the ministry will select certain firms to implement IFRS. — Photo cafef.vn HÀ NỘI — Vietnamese firms should adopt International Financial Reporting Standards (IFRS) instead of current Vietnamese accounting standards (VAS) if they want to enhance transparency and become more attractive to investors. The statement was made by Trịnh Đức Vinh, Deputy Director of the Accounting and Auditing Management Supervision Department of the Ministry of Finance in a seminar held in…

Read More
Vietnam 

Statistics bureau to revise GDP reading – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Workers assemble a car at a factory in northern Việt Nam. It is possible that a revision of  GDP reading will see Việt Nam’s GDP and per capita GDP increased. — VNA Photo HÀ NỘI — The General Statistic Office of Việt Nam (GSO) announced on Friday it has started a process to revise the country’s GDP calculation. It is possible that the revision will increase Việt Nam’s GDP and per capita GDP, with the latter having an impact on household spending as Việt Nam approaches…

Read More
Vietnam 

Rising demands for realty with long-term ownership – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A residential area in Hà Nội. There is huge room for the development of apartments with long-term ownership. Photo realtimes.vn HÀ NỘI Local demand for real estate products with long-term ownership exceeds supply as most of Vietnamese people prefer this kind of deal, experts said during a conference on Friday. During the conference titled ‘Real estate ownership trend: International experience and Vietnamese practice’ held by the Vietnam Real Estate Association in HCM City, Dương Thùy Dung, CBRE Vietnam’s Senior Director, said besides land with long-term ownership, apartments, villas and…

Read More
Vietnam 

Chi Lăng custard-apple promoted in Hà Nội – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Chi Lăng custard-apple is a special fruit in the northern province of Lạng Sơn. It is being on display at the Trade Promotion Centre of Agriculture in Hà Nội’s Cầu Giấy District. —VNA/VNS Photo Vũ Sinh HÀ NỘI — The 2019 week of Chi Lăng custard-apple and specialties in the northern province of Lạng Sơn was launched at the Trade Promotion Centre of Agriculture in Hà Nội’s Cầu Giấy District on Friday. Custard-apple is a valuable tree in the province, helping people in Chi Lang District earn billions of đồng every year. In 2011,…

Read More
Vietnam 

VN stocks gain slower on rising caution – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  In front of a Mobile World Investment Corp’s store in HCM City. The company’s shares pulled down the retail sector on Friday, contributing to a narrow of the stock market gain. — Photo thegioididong.com HÀ NỘI — Vietnamese shares ended Friday almost flat as investors tried exiting the local stock market, preparing for the possibility of bad news ahead. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange was up only 0.06 per cent to close the day at 980.00 points. The benchmark…

Read More