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Brokerage firm HSC delays annual meeting

  Brokers at HCM City Securities Corporation. The southern brokerage has postponed its annual shareholders’ meeting in April. — Photo cafef.vn HCM CITY — HCM City Securities Corporation (HSC) has decided to postpone its annual shareholders’ meeting due to the coronavirus. The meeting was scheduled for April 22. The rescheduled meeting will be no later than June 30. […]


Made-in-Việt Nam equipment exported during COVID-19 pandemic

  Equipment is loaded on a cargo ship in Dung Quất Port of Quảng Ngãi Province for exporting to Bahrain. The equipment was manufactured by Doosan Vina. — Photo courtesy Doosan Vina QUẢNG NGÃI — A shipment of three pieces of made-in-Việt Nam equipment used to filter seawater has been shipped to Bahrain Petroleum Company (Bapco)’s Refinery […]


VN stocks rise further on oil price hikes

  A PetroVietnam Gas Corporation’s facility. The firm shares jumped 4.6 per cent on Friday morning. — Photo tuoitrethudo.com.vn HÀ NỘI — Vietnamese shares gained on Friday morning, led by mining and energy, retail and securities firms. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 1.73 per cent to close at 692 points. The benchmark had […]


State investment agency aims to sell stake in Hải Phòng Thermal Power this month

  Hải Phòng Thermal Power JSC’s revenue in 2019 reached VNĐ11.3 trillion, up 18.6 per cent compared to 2018 while post-tax profit soared 176 per cent to nearly VNĐ1.17 trillion. — Photo vietnamfinance.com HÀ NỘI — The State Capital Investment Corporation (SCIC) will auction its entire 9 per cent stake, or 45 million shares, in […]


Room for Vietnamese farm produce exports to Singapore amid COVID-19

  Farmers in Ninh Bình Province’s Tam Điệp City harvest pineapples. VNA/VNS Photo Thùy Dung HÀ NỘI Vietnamese enterprises shipped around 500 tonnes of goods, including coffee, instant noodles, sweet potato, cabbage, pineapple, watermelon, and dragon fruit, to Singapore in March, according to the Vietnamese Trade Office in Singapore. The encouraging performance amid the COVID-19 pandemic was mainly […]


Vietnamese economy to grow despite COVID-19: ADB

  Workers produce face masks at the Đông Xuân Knitting Sole Member Limited Liability Company. Face masks are now scarce around the world as people are facing the COVID-19 pandemic. Việt Nam’s economic growth is predicted to decrease to 4.8 per cent this year due to the outbreak’s impact. — VNA/VNS Photo  HÀ NỘI — Việt Nam’s […]


Intraday short sale far from being realised as difficulties persist

  A Tân Việt Securities office. The company has prepared for the implementation of intraday short sale or T+0 trading. – Photo tinnhanhchungkhoan.vn HÀ NỘI – Securities firms and investors are waiting for the T+0 or intraday short sale to be applied on the Vietnamese securities market, but there are still troubles that need to be […]


An Giang to raise over $275m for new-style rural area building

  A road in Thoại Sơn District. The province wants more of its districts and communes to be recognised as new-style rural districts or communes. — VNA/VNS Photo HCM CITY — The Cửu Long (Mekong) Delta province of An Giang plans to mobilise VNĐ6.5 trillion (US$275.4 million) for the new-style rural area building programme for […]


FDI into HCM City in Q1 drops 33% year-on-year

  HCM City saw more than $1 billion worth of FDI from the beginning of the year to March 20. – VNA Photo HCM CITY – HCM City has attracted over US$1 billion worth of FDI as of March 20, a 33 per cent drop year-on-year, according to the HCM City Statistics Office. During this period, the […]


Cồn Market design to be selected later in April

  A design of Cồn Market project. Đà Nẵng City has been selecting designs for construction of a new Cồn Market. Photo courtesy Construction Consultancy Centre ĐÀ NẴNG — The central city is seeking the best architectural designs out of 21 submissions to develop the new Cồn Market project after a public display was held on March 27, the […]


Doctor Anywhere gets US$27 million investment despite COVID-19 outbreak

  Doctor Anywhere connects doctors and users through video calls. After that, medication is delivered to users within three hours. Photo courtesy of the company HÀ NỘI — Doctor Anywhere, a regional tech-led healthcare company, has secured US$27 million in funding from the Australian venture capital fund Square Peg, Singaporean Government investment arm EDBI and IHH Healthcare to tackle COVID-19 and the gloomy […]


Việt Nam’s manufacturing drops to record low in March due to pandemic

Wood industry facing losses due to COVID-19 Delivery drivers take their chances outdoors to cash in Việt Nam reports four new COVID-19 cases, total infections stand at 222 MoIT proposes 10% cut to power bills Ministry of Health confirms six new COVID-19 cases, total at 218   The COVID-19 pandemic had a negative impact on the Vietnamese manufacturing […]


Vingroup’s net revenue rises 6.7% on-year to US$5.5 billion in 2019

  Customers check out at a Vinmart store. Private conglomerate Vingroup in early December sold a 64.3 per cent stake in Vinmart’s operator VCM Services and Trading Development JSC for a profit of VNĐ8.5 trillion (nearly US$360 million). – Photo courtesy of Vingroup HÀ NỘI – Private conglomerate Vingroup’s total net revenue rose 6.7 per cent on-year […]


Wood industry facing losses due to COVID-19

  Workers make timber products for export at Vũ Thịnh Company Ltd, in the northern province of Bắc Giang. VNA/VNS Photo Vũ Sinh HÀ NỘI — The wood industry was facing a ‘disaster’ with many businesses left without orders from now until 2021 due to the COVID-19 pandemic, said the Vietnam Timber and Forest Product Association (VTFPA). […]


Agricultural sector gains trade surplus in Q1 despite COVID-19

HÀ NỘI – The agricultural sector recorded a trade surplus of about US$2.9 billion in the first quarter of this year despite suffering through the COVID-19 pandemic, according to the Ministry of Agriculture and Rural Development (MARD). The trade surplus was up 48.9 per cent compared to the same period last year, the ministry said. […]


Hà Nội to create favourable conditions for digital technology companies

  GrabBike and GoViet drivers on the street. Hà Nội’s People’s Committee is making plans to develop digital technology companiess. – Photo tapchitaichinh.vn HÀ NỘI – Hà Nội’s People’s Committee is making plans to develop digital technology companies for 2021-25 and 2026-30. This aimed to create favourable conditions for socio-economic breakthroughs. The Department of Information and Communications will be in charge of […]


Many firms optimistic about business in Q2

  About 38.8 per cent of manufacturing and processing firms believe that their business in the second would be better than in the first quarter. Photo tapchicongthuong.vn HÀ NỘI — Many enterprises in the manufacturing and processing industry are optimistic about the outlook for the second quarter of 2020, according to a survey conducted by […]


Customs authority reaffirms standard for exporting face masks

  Consignments suspected of being medical masks were seized on March 31 by the Nội Bài International Airport Customs Branch. — Photo haiquanonline.com.vn   HÀ NỘI – The General Department of Việt Nam Customs has reaffirmed it only handles procedures for exporting medical face masks with the State’s permission and it must ensure supervision to avoid fraud fraud […]


Banks support enterprises

  VietinBank receives support requests from about 115 customers affected by COVID-19. — VNA/VNS Photo HÀ NỘI — Incomplete statistics show that businesses have enjoyed cuts of at least VNĐ100 trillion (US$4.25 billion) to support them amid the COVID-19 pandemic. The State Bank of Việt Nam (SBV)’s deputy governor Đào Minh Tú said amid the complex situation of COVID-19, the […]


MoIT proposes 10% cut to power bills

Việt Nam’s manufacturing drops to record low in March due to pandemic Ministry of Health confirms six new COVID-19 cases, total at 218 Nearly 70,000 labourers in Hà Nội lose jobs amid COVID-19 pandemic Thousands of test tubes sent to Germany for COVID-19 medicine research Việt Nam’s 32nd COVID-19 patient discharged, confirms will lead charity […]