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Vietnam retained its fifth place in instant noodles consumption last year with 5.43 billion servings, up 4.4 percent year-on-year. Ahead of Vietnam were China with 41.4 billion servings, followed by Indonesia, Japan and India, according to data released by the World Instant Noodles Association. However, Vietnam ranked highest in terms of average serving per population, […]
The recent Ministry of Finance (MoF) ruling to adopt IFRS will send ripples across real estate businesses, especially those with extensive asset portfolios. Decision No.345/QD-BTC establishes revised compliance requirements for specific groups of enterprises but allows flexibility on adoption timelines and how IFRS is approached. The new reporting standards will become mandatory for almost all […]
Only three of the eight North-South expressway subprojects may have their investment modes changed from the current public-private partnerships into public investments, according to the National Assembly (NA) Standing Committee. Vu Hong Thanh, head of the NA’s Economic Committee, said at a meeting on June 1 that among the three government proposals, two that would […]
A big karaoke parlor chain in HCM City has filed a document, pleading with local authorities for permission to reopen after a three-month closure over novel coronavirus disease (COVID-19). The Nnice karaoke chain operator sent the plea to the municipal People’s Committee and the Department of Culture and Sports, asking for their help with business […]
According to the document for the 2020 Annual Shareholder Meeting (AGM) of HCM City Development Commercial Joint Stock Bank (HDBank, HoSE: HDB), the bank will propose a plan to increase charter capital by 33 percent to 305.372 trillion dong, total mobilisation by 35 percent to 275.246 trillion dong, and outstanding credit by 16 percent to [...]
Vietnamese airlines have resumed most domestic flights after the country has gone almost 50 days without community transmission of the coronavirus. While international routes are still mostly stopped, opening more domestic routes is seen as key to getting airlines and the local economy back on their feet. The national flag carrier Vietnam Airlines on Monday […]
In recent years, credit growth had been assessed appropriately, controlled according to goals, while ensuring high economic growth. However, due to the current epidemic situation, banks expected the State Bank of Vietnam (SBV) to quickly extend the threshold of credit balance. Banks ran out of capacity for loan growth Talking to the Securities Investment Review […]
Vietnam now has a “golden opportunity” to reactivate its economy earlier than many other countries, minister-Chair of the government Office Mai Tien Dung said on June 2. At the government’s regular press conference in Hanoi, he cited the government’s assessment that there were many bright spots in the economy over the last five months. Exports […]
Voiz FM announced that it successfully raised an undisclosed seed amount from 500 Startups Vietnam. The audiobook and podcast platform has seen doubled growth in its user base in recent months, following a surge in demand as customers turn to audio media during the coronavirus quarantine. Voiz FM was launched in late 2019 by a […]
Speaking at a seminar last week, Ly Kim Chi, chairwoman of the HCM City Food and Foodstuffs Association, said enterprises need better access to new loans, payment term extensi and lower interest rates. To access the preferential loans, enterprises must prove losses, and have revenue and profits reduced, but the number of food industry enterprises […]
Building credibility is key to the development of e-commerce, experts told a seminar held by the Vietnam Institute of Economics (VIE) in Hanoi on June 2. VIE deputy director Le Xuan Sang said e-commerce has become indispensable for many businesses and contributes to improving their competitiveness, especially small and medium-sized enterprises (SMEs). He added that […]

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