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Cashew export tipped to recover strongly after pandemic

  A cashew processing plant. Cashew exports are expected to surge in the latter half of the year once the COVID-19 pandemic is contained. — Photo Internet HCM CITY — Cashew exports are expected to surge in the latter half of the year once the COVID-19 pandemic dies down. But the cashew industry will still have […]


Apartment online markets thrive as residents shop indoors

  A resident promotes oranges on an online market Facebook page for Vinhomes Central Park residents. More people are earning revenue selling goods online to apartment residents during the COVID-19 pandemic . — Photo facebook.com HCM CITY — Online markets within apartment buildings are booming during the social distancing period, as more and more people are staying indoors and buying goods […]


COVID-19 pandemic brings crisis and opportunity: experts

  A mango processing line for export of Nafoods factory. — VNA/VNS Photo Danh Lam The global COVID-19 pandemic is damaging economies the world over, but it could also be an opportunity for Vietnamese agricultural businesses. Việt Nam News collated some commentsfrom experts and businesses at an online conference entitled Action Programme and Solutions in […]


Shares rebound on increasing demand but worries remain

  Engineers operate equipment at Nhơn Trạch 2 Power Corporation, a member unit of PetroVietnam Power Corporation (PV Power). — VNA/VNS Photo Huy Hùng HÀ NỘI — Vietnamese shares recovered on Wednesday from a setback in the morning thanks to increasing demand but fears over the mounting global COVID-19 death toll still plagued investors. The […]


Vietnamese red dragon fruit sent to Australia

An event to promote and consume Vietnamese red dragon fruit has been taking place in Australia. — VNA/VNS Photo HÀ NỘI — Five tonnes of Vietnamese red flesh dragon fruit were brought to Australia for an event to promote the Vietnamese fruit. The event has been taking place in Australia’s three most populous states – New South […]


German firms optimistic about VN economy’s recovery in the medium-term

  Plant of Germany’s BASF in Việt Nam. German enterprises believe in the medium-term recovery of the Vietnamese economy. – Photo baodautu.vn HÀ NỘI – German enterprises were optimitic about the medium-term recovery of the Vietnamese economy, according to the AHK World Business Outlook 2020 released by the Association of German Chambers of Commerce and Industry […]


Supply chains in Việt Nam disrupted by Covid-19

Online entertainment grows thanks to COVID-19 Hà Nội imposes lockdown on Hạ Lôi Village NA Standing Committee applauds Government’s prompt response to COVID-19 Employees of HCM City company provide free rice to disadvantaged people Hà Nội earmarks $28.2m for the poor amid COVID-19 pandemic   Online shopping increase sharply amid Covid-19 pandemic. — Photo internet […]


Online entertainment grows thanks to COVID-19

  With 5 billion views and 7.6 million of subscribers, Youtuber Thơ Nguyễn is estimated to  earn between $596,600 to $9,5 million per year.— Photo YouTube screenshot  HÀ NỘI — Online entertainment providers are enjoying a surge in users as social distancing and COVID-19 force people to stay at home. Since early February, students have been stuck at […]


Cassava exports recover in Q1

  Việt Nam’s cassava chip exports were estimated at 263,000 tonnes, earning $57 million in the first quarter of this year. Photo congthuong.vn HÀ NỘI – Việt Nam achieved cassava export growth in both volume and value in the first quarter of this year despite experiencing difficulties, according to the Ministry of Agriculture and Rural Development […]


Shares ease on mounting global coronavirus infections and fatalities

  Insurer Bảo Việt Holdings’ shares (HoSE: BVH) decreased by 6.1 per cent to VND44,900 on Wednesday morning. — Photo bizlive.vn   HÀ NỘI — Vietnamese shares pulled back on Wednesday morning after two sessions of sharp gains as investors fretted over uncertainty surrounding the COVID-19 pandemic as fatalities mounted across the globe. The benchmark VN-Index on […]


New tariff scheme approved to encourage solar development

  A solar power project in the southern province of Ninh Thuận – a solar power hotspot. — Photo nguoilaodong.vn HÀ NỘI — The Government has officially decided to approve a new feed-in-tariff mechanism to encourage development of solar power in Việt Nam. Under the new scheme signed by Deputy Prime Minister Trịnh Đình Dũng, solar projects […]


Garment 10 to produce medical face masks, first export order worth US$52m

  Garment 10 gives out cloth face masks for free. Garment 10 Corporation Joint Stock Company is now investing in producing medical face mask. – Photo vinatex.com.vn HÀ NỘI – Garment 10 Corporation Joint Stock Company was investing in producing medical face masks as well as cloth masks with ten production lines being installed, the company’s director Thân Đức […]


COVID-19 pushes banks to lower deposit rates

    Private banks have reduced their deposit interest rates by 0.2-0.7 percentage points. Photo cafef.vn  HÀ NỘI Many banks have cut their deposit interest rates significantly this month due to a credit growth slowdown in the wake of the pandemic. Private banks such as VPBank, MBBank, ACB and Viet Capital Bank have reduced their interest rates by […]


Vietnam Airlines transports repatriated German and EU citizens

  German Ambassador to Việt Nam Guido Hildner, fifth from left, sees off the passengers at Nội Bài International Airport. — Photo Vietnam Airlines HÀ NỘI — Vietnam Airlines (VNA) conducted two special flights carrying about 600 passengers from Việt Nam to Frankfurt, Germany, repatriating German and EU citizens on Monday and Wednesday. The flights were approved by […]


European enterprises hit hard by COVID-19, says BCI

  The Business Climate Index reached the lowest point to date in the first quarter of 2020.   HÀ NỘI — The global COVID-19 pandemic has had a significant, negative impact on European business in Việt Nam, according to the latest Business Climate Index (BCI) from the European Chamber of Commerce (EuroCham).  BCI is a […]


Few pharma firms eye big earnings growth in 2020

  A lab at Hà Tây Pharmaceutical JSC (HNX: DHT). – Photo tinnhanhchungkhoan.vn HÀ NỘI – Pharmaceutical firms are not entirely confident with performance in 2020 as the COVID-19 pandemic has turned the global supply chain up-side-down. Imexpharm Corporation (HoSE: IMP) targets to increase total revenue and pre-tax profit up 23 per cent and 28.4 […]


Commercial banks cut profit target amid COVID-19 pandemic

  A branch of SHB Bank. Many banks are cutting their annual profit targets due to the impacts of COVID-19. — VNS Internet HCM CITY — Many banks in Việt Nam have reduced their profit target for 2020, and plan to support companies severely impacted by the COVID-19 pandemic. Besides, the State Bank of Việt Nam issued […]


Ninh Thuận vows to facilitate renewable energy projects

  An operational solar power plant in Ninh Thuận Province’s Ninh Sơn District. — VNA/VNS Photo Ngọc Hà HÀ NỘI — The south central province of Ninh Thuận will help investors speed up the implementation of renewable energy projects, with the goal of having 2,000MW of solar power and more than 60MW of wind power connected to […]


Realty firms try their best to cope with COVID-19

  People can search for realty products of Cenhomes online. To cope with COVID-19, many realty firms have used technology in their business activities. — Photo courtesy of Cenhomes  HÀ NỘI — Cutting costs and restructuring products are what many real estate firms are doing to deal with difficulties caused by COVID-19. According to the Vietnam Association […]


Solutions should prioritise maintaining industrial production: ministry

  The pandemic has caused a lot of difficulties for enterprises in Việt Nam, especially industrial enterprises. Photo congthuong.vn HÀ NỘI — The Ministry of Industry and Trade said that the most important priority at present was to maintain the operation of domestic industrial enterprises during the novel coronavirus (COVID-19) pandemic. The pandemic has caused a lot of […]