Economic News

Hanoi to build new metro section in 2021

Sun, 07 Jul 2019 15:00:00

Hanoi plans to borrow $1.48 billion from official development assistance (ODA) funds to build a metro section in 2021.

Bottlenecks in SOE equitization need to be removed

Sun, 07 Jul 2019 14:58:00

According to a plan approved by the Prime Minister, Vietnam must equitize 127 state-owned enterprises (SOE) during the 2017-2020 period. But to date, less than one third of the enterprises have been equitized. The question now is what to do to complete the plan on time?

Contest promotes tourism startup, innovation

Sat, 06 Jul 2019 20:34:00

The Vietnam Youth Union’s Supporting Centre for Youth’s Startup in collaboration with the Israeli Embassy in Vietnam organised the Startup Hunt contest from July 5 to August 29 to promote startup and innovation in tourism.

Vietnam posts H1 credit growth of 7.33 pct

Sat, 06 Jul 2019 20:32:00

Credit grew 7.33 percent in the first half of 2019, slightly higher than 6.14 percent in the same period last year, according to the central bank.

Japanese firm acquires Vietnam’s digital advertising firm

Sat, 06 Jul 2019 20:31:00

Dentsu Aegis Network Ltd., a UK-based subsidiary of Japanese advertising and public relations joint stock company Dentsu Inc., has signed an agreement to acquire Ambient Digital Vietnam – the country’s largest independent digital media agency.

Three telecom providers licensed to trial 5G

Sat, 06 Jul 2019 20:28:00

The Ministry of Information and Communications (MIC) has granted licences to telecom providers Viettel, Vinaphone and Mobifone to test 5G services, MIC Deputy Minister Nguyen Thanh Hung said on July 5.

Vietjet becomes major shareholder in airport ground services firm

Sat, 06 Jul 2019 20:25:00

Vietjet has acquired a 5.17 percent stake in Saigon Ground Services JSC, increasing its shareholding to 9.11 percent.

Trade through Lao Cai international border gate goes down

Sat, 06 Jul 2019 20:23:00

The import-export turnover through the Lao Cai International Border Gate on the Vietnam-China border reached 919 million USD in the first six months of 2019, a decrease of 6.77 percent year on year.

National power grid unable to cope with influx of new solar plants

Sat, 06 Jul 2019 20:20:00

Eighty one new renewable power plants began operations in the second quarter, overloading transmission lines

Vietnam steps up measures against trade remedy circumvention

Sat, 06 Jul 2019 20:16:00

The Prime Minister has recently given green light to the project on strengthening State management over the circumvention of trade remedies, and fraudulent acts of origins.

Hanoi seeks to fund urban railway project with ODA, preferential loans

Sat, 06 Jul 2019 20:15:00

The People’s Committee of Hanoi has proposed the municipal People’s Council add the urban railway project No 3 to the list of projects funded by official development assistance (ODA) and preferential loans from foreign donors

Vietnam’s Bphone 3 launched in Myanmar

Sat, 06 Jul 2019 20:12:00

BKAV has launched its phones in Myanmar, its first foreign foray, following a similar move by Vingroup earlier.

Vietnam deactivates 1.85 million illegible mobile subscribers

Sat, 06 Jul 2019 20:08:00

More than 1.85 million prepaid mobile subscribers were deactivated in the first six months of the year as they were improperly registered, according to the Ministry of Information and Communications (MIC).

CEO of state-owned agro firm arrested for property mismanagement

Sat, 06 Jul 2019 20:03:00

The CEO of Saigon Agricultural Corporation (Sagri) was arrested Saturday for alleged longstanding violations of state-owned property.

Vietnam Motor Show 2019 to unveil new models with breakthrough technologies

Sat, 06 Jul 2019 19:57:00

Fourteen renowned brands are to be introduced during the Vietnam Motor Show (VMS 2019) which is scheduled to take place between October 23- 27 in HCM City.