Vietnam 

VN posts positive trade balance with CPTPP – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Việt Nam reported a $1.8 billion trade surplus during the first seven months of 2019 with exports to CPTPP economies making up over half of the figure. — Photo cafef.vn HÀ NỘI — Việt Nam posted a positive trade surplus of over US$1 billion with ten countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) seven months after the trade deal came into effect, according to a report by the General Department of Vietnam Customs. The country’s export turnover with CPTPP countries amounted to 15.4 per cent of Việt…

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Vietnam 

Global supply chains remain out of reach of VN businesses – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vietnamese businesses struggle to enter major global production chains despite making high-quality products. — VNA Photo HCM CITY — Many Vietnamese companies in supporting industries that can produce high-quality parts are nevertheless struggling to enter large international supply chains or are only able to supply low-value items to them. Đào Hữu Huyền, chairman of the board of the Đức Giang Chemicals Group Joint Stock Company, told Thanh Niên newspaper that many companies have good technologies and products but still find it difficult to be a part of international supply chains. Korean and Japanese…

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Vietnam 

VN stocks on mixed notes while trading liquidity remains moderate – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An investor watches stocks move on his computer screen. Vietnamese shares ended Wednesday morning on different paths while trading liquidity was still moderate. — Photo tinnhanhchungkhoan.vn HÀ NỘI —Vietnamese shares were mixed on Wednesday morning, with moderate trading liquidity being recorded on the two local exchanges. The benchmark VN-Index on the Hồ Chi Minh Stock Exchange gained 0.63 per cent to close at 990.89 points. On the Hà Nội Stock Exchange, the HNX-Index inched down 0.15 per cent to end at 102.82 points. Nearly 111 million shares were traded on the…

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Vietnam 

VN imports more petroleum in July – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  From January to July, Việt Nam mainly imported petroleum from Malaysia, the Republic of Korea, Singapore and China. — Photo cafef.vn HÀ NỘI — Việt Nam imported more than one million tonnes of petroleum products in July worth more than US$633.2 million, up 99 per cent in volume and 107 per cent in value from the previous month, according to the General Department of Vietnam Customs. Notably, the import price of petroleum in July was 4.2 per cent higher than in June, reaching more than $600 per tonne. In the…

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Vietnam 

VN stocks predicted to swing for another week – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  At a Techcombank office. The bank shares soared 8.4 per cent in total last week to drive the benchmark VN-Index up 0.58 per cent. — Photo ndh.vn HÀ NỘI — Investors may want to brace for a bumpy trading week as the Vietnamese stock market is still vulnerable to the unpredictability of global shocks in geographic, political and economic conditions. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange increased by total 0.58 per cent to finish last week at 980.00 points. On the…

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Vietnam 

VN firms must act fast on digital transformation or be left behind: FPT executive – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Phan Thanh Sơn of FPT Information System giving a speech during a forum on digital transformation in HCM City on August 17. — VNS Photo Việt Dũng HCM CITY — Vietnamese businesses need to consider digital transformation soon in order to not be left behind in the ongoing industrial revolution, Phan Thanh Sơn, chief business development officer of FPT Information System, told Việt Nam News. On the sidelines of a forum on August 17, he said: “Digital transformation is no longer a matter of should or should not, but a…

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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…

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Vietnam 

VN shares buoyed late in trading – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Boxes of Sabeco beer are stacked for sale. The company’s shares gained 2.9 per cent on Thursday. — Photo nld.com.vn HÀ NỘI — Vietnamese shares finished Thursday higher as investors hunted for low-priced assets and global markets moved on hopes for the continuance of US-China trade talks. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 1.08 per cent to close at 979.38 points, for a two-day increase totalling 1.30 per cent. The VN-Index fell as much as 1.36 per cent in the early stages of the day before…

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Vietnam 

VN stocks fall on poor global economy prospects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The Ho Chi Minh Stock Exchange in HCM City. The benchmark VN-Index edged down 0.37 per cent to close Thursday morning at 965.36 points. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares traded in negative territory on Thursday morning as worries about the downtrend of the global economy hit local market sentiment. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange fell 0.37 per cent to close at 965.36 points. The VN-Index was up 0.22 per cent on Wednesday. More than 88 million shares were traded on the southern bourse,…

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Vietnam 

Digital economy to bring new momentum for VN – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Experts discuss the advantages and disadvantages of Việt Nam in the digital economy. VNS Photo Phương Thảo HÀ NỘI — Now is the time for Việt Nam to find new momentum for its development with the digital economy leading the way, an official has said. Nguyễn Anh Thu, vice rector of University of Economics and Business under Việt Nam’s National University, made the statement at a roundtable held in Hà Nội on August 14. At the seminar, experts discussed Việt Nam’s economy and its ability to adapt to the digital transformation. Việt Nam has several advantages…

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