Vietnam, Venezuela look to beef up economic cooperation (14/07/2021)
A delegation from the Vietnamese Embassy in Venezuela, led by Ambassador Le Viet Duyen, paid a working visit to Monagas state from July 9-12 to promote economic and trade ties, and potential cooperation initiatives between the two countries.

Phuc Long to open first-ever store in US this month (14/07/2021)
Phuc Long Coffee & Tea has announced it will launch its first store in the US this month, two months after its Vietnamese peer, TNI King Coffee opened its first coffee store in the American country.

Australia helps Vietnam develop hi-tech agriculture (14/07/2021)
A project to improve the knowledge and capacity of Vietnamese businesses in hi-tech agriculture will be soon carried out by Asialink Business of Melbourne University and Beanstalk AgTech of Australia.

Banks lending big to keep agriculture sector ticking (13/07/2021)
According to the State Bank of Vietnam’s department of credit for economic sectors, as of April credit injected into rural and agricultural development had reached 2.3 quadrillion VND (100 billion USD), or 24.6 percent of the banking sector’s total loans.

IFC helps boost green credit in Vietnam (13/07/2021)
The International Finance Corporation (IFC) has provided a 100 million USD long-term loan for the Orient Commercial Joint Stock Bank (OCB) to increase the private sector’s contributions to green and sustainable growth in Vietnam.

Petrol price up 850 VND per litre on July 12 (13/07/2021)
The Ministry of Industry and Trade (MoIT) and the Ministry of Finance (MoF) announced the adjustment of petrol prices to be over 850 VND higher per litre at 3pm on July 12.

Toshin Development operates the retail podium Of Lancaster Luminaire (12/07/2021)
Trung Thuy Group and Toshin Development (a subsidiary of Takashimaya Group) have formed a partnership in Lancaster Luminaire to provide high-quality management and operation services for the complex of apartments, offices, and retail podium.

Environment law’s detailed overhaul (12/07/2021)
The National Assembly last November passed the revised Law on Environmental Protection which will take effect from January 1, 2022, replacing the old version released in 2014. Lawyers Le Minh Thuy and Nguyen Quang Vu from Venture North Law Ltd. point out some of the notable new sections of the legislation.

VNPT has new CEO and now aims for higher revenue in 2021 (12/07/2021)
The state-owned Vietnam Posts and Telecommunications Group (VNPT) officially has its new CEO, expecting to bring fresh breath in its future development.

HCM City needs nearly 29.8 billion USD for mid-term public investment plan (12/07/2021)
Ho Chi Minh City needs nearly 686 trillion VND (29.8 billion USD) for its mid-term investment plan for the 2021-25 period, according to the municipal People’s Council.

Vietnam among top destinations for ASEAN companies looking to expand business inside bloc (09/07/2021)
Vietnam is among the top expansion destinations for ASEAN companies looking for growth opportunities in the 10-nation bloc, according to a survey commissioned by Standard Chartered for its “Borderless Business: Intra-ASEAN Corridor” report released on July 8.

Digital transformation facilitates retail growth (09/07/2021)
According to General Statistic Office, in the first six months of 2021, total retail sales of goods and services went up 4.9 percent compared to the same period in 2020 to 2,463.8 trillion VND (over 107 billion USD), of which goods retail revenue hit 1,985.4 trillion VND, up 6.2 percent.

VCCA warns against AI powered multi-level marketing schemes (09/07/2021)
The Vietnam Competition and Consumer Protection Authority (VCCA) has issued a warning to investors about the perils of investing in illegal multi-level marketing businesses run by "AI Robots".

Reference exchange rate up 11 VND (09/07/2021)
The State Bank of Vietnam set the daily reference exchange rate at 23,201 VND per USD on July 9, up 11 VND from the previous day.

Shares edge higher, foreign investors net buy over $90.3 million (08/07/2021)
The market ended higher yesterday with the VN-Index recovering from the previous session's losses. Meanwhile, foreign investors flocked back to the market with a net buy value of more than VNĐ2 trillion.

ADB helps boost Vietnam’s private sector development (08/07/2021)
The Asian Development Bank (ADB) has approved a 4.6 million USD technical assistance to help the Vietnamese Government to strengthen public-private partnership (PPP), private sector development, and state-owned enterprise (SOE) reform.

Pilot Mobile Money service to be licenced next month (08/07/2021)
Local telecommunications network providers have been approved to pilot several Mobile Money services next month after more than two years of waiting. These services will allow the use of mobile phone credit to pay for small-value goods and services.

Vietnam to solve bottlenecks to develop its auto industry (08/07/2021)
Limited market capacity and price differences between domestically produced cars and imported cars are the two biggest bottlenecks for the local auto industry, according to the latest report from the Ministry of Industry and Trade (MoIT).

PVEP enjoys over 14.3 trillion VND in six-month revenue (07/07/2021)
The PetroVietnam Exploration Production Corporation (PVEP) reported revenue of 14.35 trillion VND (623.59 million USD) in the first six months of 2021, equivalent to 144 percent of its target.

Disbursement of public investment must be sped up in H2 (07/07/2021)
The disbursement of public investment must be sped up in the second half of this year as an important solution to accelerate economic growth amid the COVID-19 pandemic, according to the Ministry of Planning and Investment.