Việt Nam News

Experts have warned that consumers may soon start defaulting on their credit card payments due to rising unemployment and salary cuts in many industries and sectors in the wake of the COVID-19 outbreak.

Despite the difficulties caused by the COVID-19 pandemic, Bình Dương Province managed to expand exports by 3.6 per cent in the first quarter of the year to US$5.8 billion, according to its Department of Industry and Trade.

Minister of Industry and Trade Trần Tuấn Anh has signed on decision announcing the rice export quota for April after the Prime Minister gave the green light to resume exporting the product.

In the first quarter, VSA-member enterprises recorded a plunge of 15 per cent in steel output to 5.4 million tonnes and 20 per cent in consumption to 4.4 million tonnes year-on-year.

Face masks and hand sanitisers have been added to the list of essential goods covered by the price stabilisation programme in HCM City amid the COVID-19 crisis.

A list of nearly 100 Vietnamese enterprises which are capable of supplying face masks and other supplies for COVID-19 prevention has also complied by Vietrade in order to meet rising demand in European and American regions.

Shareholders will receive VNĐ1,500 (US$0.064) per share. The company will finalise the list of beneficial shareholders on April 17.

According to the Việt Nam Tea Association, the COVID-19 pandemic had greatly impacted many key export markets of Vietnamese tea.

The Việt Nam Oil and Gas Group (PVN) has asked relevant ministries to halt petrol and oil imports as domestic sales struggle due to travel restrictions to prevent the spread of COVID-19 pandemic.

The flights, all coded VJ1121, will depart Hà Nội at 5.30pm on Saturday and next Tuesday and 11.45am on Sunday. Passengers must have one of two documents - a certificate showing they have completed their concentrated quarantine period or a certificate affirming they have tested negative for the virus.

The Ministry of Agriculture and Rural Development (MARD) on Thursday requested provinces and businesses to temporarily suspend transport of export agricultural products, especially fruits, to Lạng Sơn Province’s border gates due to slow customs clearance.

Vietnamese shares were mixed at closing on Friday, lower on the Hồ Chí Minh Stock Exchange but higher on the northern bourse, demonstrating investor caution ahead of important global macro information.

Many banks in HCM City are selling their mortgaged assets, mainly real estate worth trillions of Vietnamese đồng, to speed up the resolution of bad debts.

Viettel Group has co-operated with Facebook to remove 186 fanpages that were considered to be impersonating the group on the social network.

Vsmart phones now account for 16.7 per cent of the Vietnamese smartphone market just 15 months since they were launched by VinSmart.

Despite reeling under the impact of the COVID-19 pandemic and facing fierce competition in the automobile market, THACO has succeeded in exporting vehicles and components.

All big gold firms and smaller gold shops across the country have been closed from April 1 due to social distancing regulations.

The ministry suggested suspending exports until June 15, with sticky rice, organic rice and fragrant rice still exported as usual.