Việt Nam News

The disruption of the global supply chain has caused many foreign businesses to source goods from Vietnamese enterprises, which has increased export opportunities for the country.

Big data and AI are transforming the credit industry in Southeast Asia. This process is visible in Việt Nam where credit markets undergo rapid expansion. With some 60 million un(der)banked citizens short of credit history, digital credit scoring emerges as a magic tool to foster financial inclusion.

BUSINESS BEAT

Ministry of Industry and Trade has denied rumours that it proposed the establishment of a State stabilisation fund to cope with the sudden increase in steel prices that has impacted many businesses.

Cash flow will continue to help the stock market rise to new heights, but it was time for investors to focus on risk management, brokerages said.

The Quang Trung Software City Development Co in HCM City is collaborating with the city Departments of Information and Communications and Science and Technology to set up a centre for supporting businesses achieve digital transformation, it says on its website.

Moody's Investors Service has affirmed the B1 long-term local and foreign currency deposit and issuer ratings for the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank).

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has announced plans to increase its charter capital to more than VNĐ20.273 trillion(US$879.48 million).

The fourth wave of COVID-19 infections in Việt Nam has caused disruptions to most sectors once again as the country was preparing for the tourism season.

Industrial production in HCM City has not been affected since a two-week social distancing period began on May 31 to curb the spread of COVID-19.

Việt Nam’s mobile game market has huge potential and games can become one of the country’s major exports, experts have said.

Special encouragement policies and mechanisms are needed for expressway construction to help localities in disadvantaged and mountainous areas secure investment, an expert has said.

The State Bank of Việt Nam has licensed Vietnam Post to conduct intermediary payment transactions through its PostPay platform.

An artificial intelligence (AI) app that issues warnings when facemasks are not being worn has been introduced on public transport to raise awareness of seriously observing the Ministry of Health’s “5K message”.

VNDIRECT said that besides large-cap stocks, some mid-cap stocks from steel, real estate, financial services, textile and seafood industries will attract cash flows this month.

A medical robot manufactured by the Military Technology Academy to support COVID-19 prevention and control activities was sent to the current largest pandemic hot spot in the northern province of Bắc Giang earlier this week.

The EU-ASEAN Business Council has published two papers calling for more progress on ASEAN’s regional economic agenda and linking a durable recovery from the pandemic to the region’s leaders and trade and finance ministers adopting specific measures to accelerate work on the ASEAN Economic Community.

Shares gained for six consecutive sessions on Friday thanks to buying focusing on energy stocks and some individual blue-chips, boosting indices despite strong selling of foreign investors.