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Anti-panic commodities trading floor founded amid pandemic

  The interface of the VNShop trading floor provided by CIB Corporation. VNS Photo Minh Thu HÀ NỘI – An anti-panic commodities trading floor has been established amid the COVID-19 pandemic to boost e-commerce and help people buy necessities at a stable price. The trading floor vnshop.vn was launched on Saturday by CIB Corporation to help local […]


COVID-19 yet to affect HCM City office space market

  An office building in HCM City. The city’s office market has not been much affected by COVID-19. — File Photo  HCM CITY — Though the COVID-19 pandemic has cast a shadow over the global economy, the HCM City office space market has not been badly affected this year, according to property consultancy companies. A […]


Travel industry demands coronavirus support

Online training should be promoted: Ministry Vietnamese stranded in Italy return home VN records no new cases of COVID-19 over past two days Việt Nam records no new cases of COVID-19 on Friday evening COVID-19 figures in Việt Nam as of 6pm April 17   A tourist attraction in HCM City has closed its doors […]


Phú Nhuận Jewellery sees revenue up but profit down in Q1

  A store of Phú Nhuận Jewellery JSC in HCM City. This year, PNJ targets revenue growth and profit growth of 12 per cent and 13 per cent, respectively. — Photo pnj.com.vn HÀ NỘI — Phú Nhuận Jewellery JSC (PNJ), the largest jewellery retailer in Việt Nam, reports revenue up 5 per cent but profit down 4 per […]


Cash-rich firms more resilient amid pandemic

  A fuel station of PetroVietnam Oil Corporation (OIL) in HCM City. The company is listed in the list of cash-rich firm on the stock market drafted by VNDirect Securities Corporation. — Photo pvoil.com.vn HÀ NỘI — Cash-rich companies are in much better shape to weather market crises amid the impact of the COVID-19 pandemic than their peers on the stock […]


Housing prices unlikely to drop despite pandemic: experts

  HanHomes Giang Biên in Long Biên District, Hà Nội. Despite the COVID-19 pandemic, experts believe that housing prices will not drop significantly. – VNA/VNS Photo Minh Nghĩa HÀ NỘI – Experts believe that the real estate market is unlikely to fall into a crisis and housing prices will remain stable because market demand remained high while supply is limited. The […]


FDI enterprises preparing for life after pandemic

  Workers on electronic component production line at Nidec Sankyo Vietnam Co Ltd (Japan) in Saigon Hi-Tech Park. Despite grim situation, production value of the foreign direct invested (FDI) enterprises in SHTP in the first quarter reached more than US$4 billion, up 19.3 per cent year-on-year. — VNA/VNS Photo Thanh Vũ   HÀ NỘI – Foreign-invested enterprises in Việt Nam […]


PV Gas set for huge profit decrease

  PetroVietnam Gas Corporation JSC (PVGas) expects lower sales and profit for 2020. — Photo courtesy of PV Gas   HÀ NỘI —  PetroVietnam Gas Corporation JSC (PV Gas) expects to see massive sales and profit decreases this year. The firm predicts it will record more than VNĐ66 trillion (US$2.79 billion) in sales and VNĐ66.2 […]


Stocks extend rallies on economic recovery hopes

  A plant run by Đức Giang Chemicals Group (HNX: DGC). The company shares jumped 4.3 per cent on Friday. — Photo ducgiangchem.vn HÀ NỘI — The Vietnamese stock market continued its revival on Friday as liquidity received huge support from market confidence along with positive trading of global markets. Việt Nam’s benchmark VN-Index on the […]


Thailand Delta Electronics PCL to establish subsidiary in Viet Nam this year

    Jackie Chang, president of Delta Electronics HCM CITY — Thailand’s Delta Electronics PCL has recently announced that it will establish a new subsidiary in Viet Nam within the second or third quarter of this year.  The 100 per cent-owned subsidiary of Delta Thailand will be incorporated in Viet Nam with registered capital of […]


Visa Foundation commits $210m to support small and micro businesses

    The Visa Foundation is offering support to SMEs to help them overcome difficulties caused by COVID-19. — VNS Photo HCM CITY — The Visa Foundation has recently announced a commitment of two programmes totalling US$210 million to support small and micro businesses, aligning with the foundation’s long-term focus on women’s economic advancement and […]


Coffee industry to face more losses in Q2

  Việt Nam exported 474,000 tonnes of coffee, earning US$801 million in the first quarter of this year. Photo vietnambiz.vn HÀ NỘI – Việt Nam’s coffee industry will probably suffer more losses in the second quarter due to the novel coronavirus (COVID-19) pandemic, Phan Xuân Thắng, Vice Chairman of the Việt Nam Cocoa and Coffee […]


Airlines and railway firms get payment fee reduction of 35 per cent

  NAPAS and Vietcombank work together to reduce payment fees for local airlines and railway firms during the COVID-19 pandemic.- Photo cafef.vn HÀ NỘI — Three airlines, Vietnam Airlines, Vietjetair and Bamboo Airways, as well as Vietnam Railways are eligible for a 35 per cent reduction in fees at Vietcombank from now until December 31. According to the […]


Moody’s reaffirms B1 credit rating for HDBank despite pandemic challenge

  An HDBank transaction office in HCM City. Moody’s Investors Service has kept HDBank’s credit rating unchanged at B1despite pandemic challenge. — Photo courtesy of the bank  HCM CITY — Global credit ratings agency Moody’s Investors Service has reaffirmed the B1 credit rating for HDBank amid a challenging market situation due to the impact of […]


Vietnamese banks’ rating outlooks lowered on COVID-19 impact

  VietinBank’s outlook has been revised to Stable from Positive. Photo VietinBank HÀ NỘI Fitch Ratings has revised the outlook on the long-term issuer default ratings (IDRs) of two State-owned banks and a wholly foreign-owned bank in Việt Nam to Stable from Positive, and the outlooks for two joint stock commercial banks to Negative from […]


Bình Phước cashew processors face shortage of capital, raw materials

  The cashew processing industry in Bình Phước Province, known as the “capital of cashew” in Viet Nam, faces challenges because of a shortage of raw materials and capital. – VNA Photo Đình Huệ BÌNH PHƯỚC – Bình Phước Province, known as the “capital of cashew” in the country, is facing problems processing cashews due […]


Industrial realty still grows during pandemic

  During the pandemic, the industrial realty sector kept growing in Việt Nam.— Photo congnghiepdanang HÀ NỘI — While many realty segments have suffered losses from the pandemic, industrial realty business have kept growing in Việt Nam. In the first quarter, industrial park rental rates increased in both the north and the south by 12 per […]


IFC works with Việt Nam to expand export markets for agricultural produce

  IFC and the Plant Protection Department sign a memorandum of understanding. – Photo courtesy of IFC HÀ NỘI – The International Finance Corporation (IFC) and the Plant Protection Department under the Ministry of Agriculture and Rural Development have signed a memorandum of understanding (MoU) to support the Vietnamese Government’s efforts to expand export markets for […]


Ministry to support businesses to ensure budget revenue

  Thuận Đức Packaging Joint Stock Company in Hưng Yên Province. The Ministry of Finance would focus on improving the business climate and creating favourable conditions for businesses to accelerate growth which was important to ensure State budget revenue. – VNA/VNS Photo Phạm Kiên HÀ NỘI – The Ministry of Finance will focus on improving the […]


State Treasury raises $21.3 million from G-bonds

  Employees work during a Government bond auction at the Hà Nội Stock Exchange in Hà Nội. So far this year, the State Treasury has raised over VNĐ33.5 trillion from G-bond auctions at the HNX. — VNA/VNS Photo Phạm Hậu HÀ NỘI — The State Treasury mobilised VNĐ500 billion (US$21.27 million) through a Government bond auction on the Hà […]