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US firms interested in Vietnamese supply chain US firms interested in Vietnamese supply chain

The report surveyed more than 700 businesses with international supply chains.

Latest
News
Seminar discusses cold-formed steel use in construction industry Seminar discusses cold-formed steel use in construction industry

Construction businesses discussed opportunities and challenges in using cold-formed steel at a recent seminar in HCM City.

Banking
Credit institutions asked to tighten loans in “overheating” sectors: SBV Credit institutions asked to tighten loans in “overheating” sectors: SBV

The State Bank of Vietnam has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction, Build-Operate-Transfer and the consumption sector.

Property
Tax policies for property sector must be carefully studied: finance ministry Tax policies for property sector must be carefully studied: finance ministry

Tax policies for the real estate sector must be carefully studied and introduced at the appropriate time to ensure feasibility and limit speculation.

Markets
Shares edge higher on bank stocks Shares edge higher on bank stocks

The market inched slightly higher on Thursday morning, boosted by bank stocks while losses in other large-cap stocks pared the gains.

Tech
Short video market grows fast amid pandemic Short video market grows fast amid pandemic

The COVID-19 pandemic in the last half of 2020 saw Vietnamese people download and use more phone applications than in 2019, according to the Mobile Application 2021 report from Appota Group.

Wheels
VinFast car sales up 16.6 per cent in April VinFast car sales up 16.6 per cent in April

Amid the complicated developments of the COVID-19 pandemic, VinFast still made solid strides on the domestic market.

Biz Guide
Surviving the second wave: How city hotels can curb the impacts of COVID-19 Surviving the second wave: How city hotels can curb the impacts of COVID-19

Just before July 27, Viet Nam’s tourism sector was on its way to an impressive recovery relative to the rest of the world; thanks to the summer holidays, top tourist hotspots were packed with local travellers looking to enjoy the sun, bolstered by promotions launched to boost domestic tourism as borders were likely to be closed for at least another quarter.

Trending Stories
Construction material prices recover along with economy post-COVID Construction material prices recover along with economy post-COVID

Prices of construction materials such as steel, bricks and sand are recovering post-pandemic, hitting contractors’ profits.

Media OutReach
Trend Micro Placed in 2021 Magic Quadrant for Endpoint Protection Platforms

Corporate News

Samsung Electronics seeks direct purchase of renewable energy Samsung Electronics seeks direct purchase of renewable energy

Under the pilot scheme, independent renewable energy developers with an installed capacity of 30 MW or more are permitted to supply electricity directly to private consumers for industrial manufacturing purposes.

Exchange Rate

Business Insight

CPI reflects real performance of commodity prices CPI reflects real performance of commodity prices

The General Statistics Office announced that the consumer price index (CPI) in April 2021 decreased by 0.04 per cent compared to the previous month, while many types of goods increased in price from the beginning of the year. Nguyen Trung Tien, deputy director of the General Statistics Office (GSO), spoke to local media about this issue

Analyst's Pick

Increasing national brand builds country's soft power and business competitiveness Increasing national brand builds country's soft power and business competitiveness

Amid huge challenges, inspiring success story like Viet Nam has helped the country climb steadily in global brand value and soft power rankings, as well as supported Vietnamese companies to increase their competitiveness.

Business Beat

Banks want central bank to hike credit growth quotas as economy rebounds Banks want central bank to hike credit growth quotas as economy rebounds

Nguyen Xuan Duong, chairman of Hung Yen Garment Corporation, said his company expects its turnover to increase by 5-10 per cent this year, a higher rate than before the COVID-19 pandemic broke out.