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Vietnam cashless spending up 39 percent

Vietnam cashless spending up 39 percent

Spending via Visa credit and debit cards last year surged 39 percent year-on-year as Vietnamese consumers became less dependent on cash.
Many state-owned firms under ‘special financial supervision’

Many state-owned firms under ‘special financial supervision’

The State Audit agency has placed many major state-owned firms with capital management inefficiencies on a special financial supervision watchlist.
May 24, 2020 | 04:45 pm GMT+7
US-led trade network could strengthen Vietnam’s place in global supply chains

US-led trade network could strengthen Vietnam’s place in global supply chains

Vietnam can entrench itself in global supply chains if the U.S. forms a network of partners to reduce reliance on China, analysts said.
May 24, 2020 | 09:15 am GMT+7
Ailing state-owned projects stuck in impasse with Chinese contractors

Ailing state-owned projects stuck in impasse with Chinese contractors

Vietnamese companies have hit roadblocks in settling disputes with Chinese contractors in five fertilizer, shipbuilding and steel producing projects.
May 24, 2020 | 07:17 am GMT+7
Vietnam needs fortified investment law to ensure national security: lawmakers

Vietnam needs fortified investment law to ensure national security: lawmakers

Legislators have stressed the need for foreign investment laws to incorporate the safeguard of national security and defense.
May 23, 2020 | 07:29 pm GMT+7
Saigon airport’s Terminal 3 set for completion in 2023

Saigon airport’s Terminal 3 set for completion in 2023

Work is set to begin on the Tan Son Nhat International Airport’s third terminal in October 2021 and be completed in 2023.
May 23, 2020 | 07:29 pm GMT+7
Work on My Thuan-Can Tho Expressway set to begin in November

Work on My Thuan-Can Tho Expressway set to begin in November

Construction of the My Thuan - Can Tho Expressway, improving HCMC's connectivity with the Mekong Delta, is slated to begin this November.
May 23, 2020 | 04:33 pm GMT+7
Vietnam job numbers improve as coronavirus recedes

Vietnam job numbers improve as coronavirus recedes

Labor demand is warming up as companies resume activities after a long hiatus caused by the coronavirus pandemic.
May 23, 2020 | 09:00 am GMT+7
Blue chips turn red to end four-session VN-Index gains

Blue chips turn red to end four-session VN-Index gains

The VN-Index slumped 1.16 percent to 852.74 points Thursday, with all but one of Vietnam’s 30 blue chips in the red.
May 22, 2020 | 07:31 pm GMT+7
EVFTA not a toll-free expressway for Vietnam to integrate: parliament member

EVFTA not a toll-free expressway for Vietnam to integrate: parliament member

The free trade pact with the EU is expected to open an expressway connecting Vietnam with a $15 trillion market, and it is fee-charging, says National Assembly delegate Vu Tien Loc.
May 22, 2020 | 07:16 pm GMT+7
Unaware of benefits, customers fail to make motorbike insurance claims

Unaware of benefits, customers fail to make motorbike insurance claims

Vietnam records an unusually low claims ratio on compulsory motorbike insurance schemes due to unaware customers and complicated paperwork, industry insiders say.
May 22, 2020 | 04:42 pm GMT+7
State auditors want penalties slapped on transport project operators for wrongdoing

State auditors want penalties slapped on transport project operators for wrongdoing

State auditors have recommended a reduction in the number of years toll can be collected by seven build-operate-transfer projects in which wrongdoing is suspected.
May 22, 2020 | 12:07 pm GMT+7
Vietnam slips in global business resilience ranking

Vietnam slips in global business resilience ranking

Vietnam has dropped three places from last year to 91st in this year’s business environment resilience index.
May 22, 2020 | 09:36 am GMT+7
Banking stocks drive VN-Index to fourth straight gaining session

Banking stocks drive VN-Index to fourth straight gaining session

Vietnam’s benchmark VN-Index rose 1.15 percent to 862.73 points Thursday, with banking stocks posting the biggest gains.
May 21, 2020 | 07:45 pm GMT+7
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