Việt Nam News

Shareholders of Saigon Thương Tín Commercial Joint Stock Bank (Sacombank) approved the bank’s financial statements for last year, a number of targets for this year, profit distribution plans and other important proposals at its annual general meeting held online on June 5.

State budget revenue was estimated at nearly VNĐ500 trillion (US$21.5 million) in the first five months of this year, equal to 97.6 per cent of the same period last year.

Recently, some news outlets reported ThaiBev was planning to sell beer producer Sabeco and the ministry could buy the firm at a price of VNĐ130,000 (US$5.6) per share.

Shares traded positively on Thursday thanks to the growth of securities stocks but investors still dumped a number of large-caps to collect intra-day profits.

Localities in the Southern Key Economic Region need to enhance co-operation to develop safe agricultural areas and ensure consumption of safe food and farm produce, a seminar heard in HCM City yesterday.

Singapore-based Kustocem Pte. Ltd., a significant shareholder in Coteccons Joint Stock Company with a 17.55 per cent stake, has convened an extraordinary general meeting, or EGM, to be held in mid-July.

The Việt Nam National Administration of Tourism (VNAT) needs to coordinate with local administrations and the Việt Nam Tourism Association (VITA) to advertise tourism destinations in the northwestern, northeastern and central coastal regions.

An e-commerce trading floor for Vietnamese lychee products will be launched within this month.

The Prime Minister has agreed that work can begin on the development of Ledana Industrial Park in Bình Phước Province.

Experts have said that traceability is a challenge for Việt Nam to boost export handicraft products to the EU in the future.

Minister of Industry and Trade Trần Tuấn Anh said trade barriers, including tariff and non-tariff restrictions, should be limited to restore the economies of ASEAN members amid the COVID-19 pandemic.

Earlier on May 22, the ministry decided to approve projects repairing and upgrading downgraded runways and taxiways of Nội Bài International Airport in Hà Nội and Tân Sơn Nhất International Airport in HCM City.

The Vietnam Oil and Gas Group (PetroVietnam)’s oil equivalent output reached 8.99 million tonnes in the first five months of this year, 4.4 per cent higher than its target.

Industrial zones (IZs) and economic zones (EZs) attracted 390 foreign-invested projects with a total registered capital of US$4.3 billion in the first five months of this year, according to the latest updates of the Ministry of Planning and Investment.

The COVID-19 pandemic has had a strong impact on the global economy, including Việt Nam. The country has however been a safe destination for foreign investors thanks to its successful efforts to control the outbreak. Việt Nam News’s Thu Ngân speaks to the Bristish consul general in HCM City, Ian Gibbons, about UK enterprises in this country and how he sees investment trends in the near future.

Some 70,000-80,000 workers across the country have returned to work since the mass disruption caused by the novel coronavirus in Việt Nam, said deputy minister of labour, war invalids and social affairs (MOLISA) Lê Văn Thanh at an online conference held on Wednesday to discuss and share experience in job creation and sustainable business in the new normal [after COVID-19].

Since the beginning of the year, exports of the two main seafood products of Viet Nam in tra (pangasius) fish and shrimps have declined sharply. 

Banks have embarked on the conversion of magnetic payment cards into chip cards for greater security, but the Covid-19 pandemic has significantly slowed down their efforts, making it difficult for them to meet the deadline.