Net interest income (NII) for the first half grew to VND8.1 trillion, up 23 per cent from the same period last year. Net Fee and Commission Income (NFI) was VND2 trillion, posting 57 per cent year-on-year increase. NFI was 16.8 per cent of TOI as compared to 13.8 per cent in the first half of 2019, with a strong contribution from bond underwriting activity during the period. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3
Cruise tourism management
Economist Nguyen Tri Hieu said negative growth was a possibility if major cities like Hanoi and Ho Chi Minh City see a surge in number of cases, with thousands of residents having returned recently from Da Nang, now an outbreak hotspot with 120 cases. … [Read more...] about Vietnam warned negative growth a possibility amidst Covid-19 comeback
Middle-income Vietnam managed to jump 30 notches, from 94th in 2010 to 64th in 2016, on the list of the world’s biggest beer-drinking countries, Nguyen Tuan Lam, a WHO advisor for Vietnam, told an event held to discuss a draft decree on preventing alcohol abuse in Hanoi last week. … [Read more...] about Why do Vietnamese drink so much?
Eddie Thai, partner at 500 Startups, told VIR that the increase in investment activity was the natural result of Vietnam’s maturing ecosystem. “For any digital economy, the first wave of successful companies would be in media, e-commerce, and payments. So it’s only natural that such companies would have reached sufficient scale to receive tens or hundreds of millions of dollars of investment,” he said. … [Read more...] about Vietnamese startups bag millions of US dollars despite COVID-19 pandemic
The sector will also develop science, technology and hi-tech agriculture pertaining to human resources training to make good use of opportunities provided by the Fourth Industrial Revolution or Industry 4.0. Developing production pertaining to eco-tourism, and promoting the role of cooperatives is also something the industry will do to reach sustainable development and improve farmer incomes. … [Read more...] about HCMC expands high-tech agricultural crops, breeds