Business News

In the first quarter of this year, all local banks reported high profit growth amid the impact of the COVID-19 pandemic. However, the profit growth does not reflect the complete economic picture, according to banking insiders.

The Ministry of Industry and Trade (MoIT) has proposed a 35 per cent cap on foreign investment in local oil and petrol businesses, but said it was open to scrapping the regulation.

Strong construction activities in many different types of property and areas in Hanoi signal the strong recovery of the capital’s real estate market from this year onwards, according to CBRE Hanoi Branch Director Nguyen Hoai An.

Carrying out trade promotion in 2021, the Trade Office of the Vietnamese Embassy in India cooperated with the Confederation of Indian Industry (CII) and the Vietnam Chamber of Commerce and Industry (VCCI) to organize the Vietnam - India Virtual Business Meeting 2021.

The following are positions of 23 members of the Politburo and Secretariat of the 13th Party Central Committee.

1. Quick cash alternative in international bonds
2. A comprehensive approach to SWIFT security assessment
3. Corporate bonds of real estaterisky commercial debt for investors
4. Wind power: investors wait for PM's decision on Feed-in-Tariff price..
5. GE highlights gas potential in low-carbon energy production
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According to figures from the Ministry of Industry and Trade (MoIT), since the landmark EU-Vietnam Free Trade Agreement (EVFTA) came into force, Vietnamese exports to EU member states managed impressive growth and hit nearly $10 billion in the first quarter of 2021, up 18 per cent on-year.

Many economies of East Asia and the Pacific (EAP) began to bounce back after severe economic shock in 2020. However, only China and Vietnam have followed a V-shaped recovery path with an output surpassing pre-COVID-19 levels in 2020. Most of the other countries have not seen a full-fledged recovery in terms of either output or growth momentum.