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State-owned banks recorded mixed results. Of Vietnam’s three biggest lenders by assets, CTG of VietinBank added 0.9 percent, BID of BIDV kept its opening price and VCB of Vietcombank shed 0.7 percent. MBB of mid-sized Military Bank climbed 1.3 percent. … [Read more...] about VN-Index sees biggest foreign net sell in eight months

While the female referees will head to 2023 Women's World Cup, the women's national football team are also eyeing a slot in the league after FIFA increased the number of teams from 24 to 32. … [Read more...] about Vietnamese female referees to oversee Women’s World Cup finals

India's Prime Minister Narendra Modi and his Chinese counterpart Xi Jinping have sought to ease the tensions at summits over the past two years when they agreed to boost border communications between their militaries. … [Read more...] about India, China seek to ‘peacefully resolve’ border face-off

Under the leadership of the Vietnam mission to ASEAN, the CPR worked effectively in coordination with other ASEAN mechanisms and the ASEAN Secretariat in fulfilling tasks in 2020, contributing to strengthening inter-sectorial and inter-pillar cooperation and coordination in the building of the ASEAN Community, expanding the bloc’s collaboration with partners and improving the capacity of the ASEAN Secretariat, he said.COVID-19 pandemic is developing complicatedly, he held that Brunei’s choosing the theme of “We Care, We Prepare, We Prosper” for its ASEAN Chairmanship Year is a suitable choice. … [Read more...] about ASEAN leader complements Vietnam’s success in ASEAN Chair Year

Hanoi (VNA) – Vietnam’s garment-textile sector sets a target of 39 billion USD in export revenue this year, equal to that of 2019, according to the Vietnam National Textile and Garment Group (Vinatex). Last year, due to impacts of the COVID-19 pandemic, the US-China trade tensions, the trade protectionism and the Brexit, Vietnam’s garment-textile exports reached only 35 billion USD. However, the result is still remarkable given the global demand dropping over 22 percent. In 2020, Vietnam was the only among the world’s top five garment-textile exporters not to have to cease production. Vinatex recorded total revenue of 15.5 trillion VND (670.7 million USD) and combined profits of 628.9 billion VND, equal to 106 percent and 164.8 percent of the set targets, respectively. Vinatex Chairman Le Tien Truong suggested the Government cut long-term interest rates, elaborating that garment-textile firms would find it hard to access loans after a year of low business … [Read more...] about Garment-textile sector eyes 39 billion USD in export turnover