After surviving 2020

According to VAMA, the domestic automobile market experienced impressive performance in December with the number of cars sold surging by 32 per cent month-on-month and 45 per cent year-on-year to 47,865 units as customers rushed to buy cars before the end of 2020 to enjoy the 50 per cent reduction in registration fees. … [Read more...] about Car sales in Việt Nam plunge 8% in 2020

The increasing threat of cyber attacks on financial service providers is driving a major focus on cybersecurity, particularly in banking. In 2020 alone, hundreds of billions of Vietnam dong have been appropriated relating to banking cyber security mostly hacking bank users’ one-time password (OTP) security. … [Read more...] about Vietnam loses over US$1 billion due to cyber virus in 2020

Blue chips were the main drag when all of the top 30 largest shares by market value and liquidity (VN30) plummeted, of which eight hit the floor price of a 7-per-cent drop. All of them were banks and financial companies including BIDV (BID), Vietinbank (CTG), Military Bank (MBB), VPBank (VPB), Sacombank (STB), Hồ Chí Minh Development Bank (HDB), Saigon Securities Inc (SSI) and Hoàng Huy Investment Financial Services (TCH). … [Read more...] about VN-Index suffers biggest lost since Q1/2020, liquidity hits record

Hanoi (VNA) – Vietnam will support and work closely with Brunei as Chair of ASEAN in 2021 so as to successfully realise set targets and initiatives, Deputy Prime Minister and Foreign Minister Pham Binh Minh said when talking on the phone with Brunei Minister of Foreign Affairs II Dato Erywan Pehin Yusof on January 19. The Brunei minister congratulated Vietnam for excellently fulfilling its term as Chair of ASEAN in 2020, especially leading the bloc to overcome unprecedented difficulties and challenges. He shared the directions and priorities during the year Brunei serves as Chair of ASEAN in 2021 under the theme “We Care, We Prepare, We Prosper”, including initiatives on COVID-19 response and post-pandemic recovery which were approved in 2020, the building of a vision for ASEAN after 2025, promoting multilateral cooperation and a rule-based regional order, and people-oriented cooperative ideas. He affirmed that those priorities and initiatives are developed … [Read more...] about Vietnam pledges to support Brunei’s ASEAN Chair

Hanoi (VNA) - Vietnam’s 2021 GDP growth is projected at 5.49 percent in the normal scenario, 6.9 percent if the current situation gets better, and 3.48 percent in the worst-case scenario, according to the Vietnam Institute of Economics under the Vietnam Academy of Social Sciences (VASS). The real growth rate will depend on the world economic situation and the capacity to absorb FDI, the “Vietnam Economic Overview 2020: Promoting innovation-based economic growth” conference held by the institute on January 19 heard. VASS President Bui Nhat Quang said the COVID-19 pandemic strongly affected economic growth around the world in 2020, with most major economies posting contractions. Vietnam, however, achieved the twin targets of disease prevention and socio-economic recovery and development. It posted economic growth of 2.91 percent, the lowest since 1986, when its “renewal” process began, but higher than the figure posted in many other countries in the … [Read more...] about GDP growth to reach 5.49 pct. in normal scenario in 2021: Economics Institute