Fitch Ratings has revised the outlook on the long-term issuer default ratings (IDRs) of two State-owned banks and a wholly foreign-owned bank in Việt Nam to Stable from Positive, and the outlooks for two joint stock commercial banks to Negative from Stable.
Bình Phước Province, known as the "capital of cashew" in the country, is facing problems processing cashews due to limited raw materials and capital.
While many realty segments have suffered losses from the pandemic, industrial realty business have kept growing in Việt Nam.
International Finance Corporation (IFC) and the Plant Protection Department under the Ministry of Agriculture and Rural Development have signed a memorandum of understanding (MoU) to support the Vietnamese Government’s efforts to expand export markets for its agricultural produce.
The Ministry of Finance would focus on improving the business climate and creating favourable conditions for businesses to accelerate growth which was important to ensure State budget revenue in the context of COVID-19 pandemc which was heavily weigh on the socio-economic development.
The State Treasury mobilised VNĐ500 billion (US$21.27 million) through a Government bond auction on the Hà Nội Stock Exchange (HNX) on April 15.
Dabaco Group Joint Stock Company recorded its highest ever first quarterly profit in Q1 this year, reaching VNĐ340 billion (US$14.5 million).
The Trade Remedies Authority of Việt Nam has announced the list of 12 products which were at risk of being investigated for trade defence measures or origin fraud and illegal conveyance.
The system will help entities participating in the stock market save time and money when disclosing information and minimise the risk of false disclosures, the SSC said.
The Ministry of Industry and Trade (MoIT) on Thursday said the country has been aggressively preparing for the approval process.
The Việt Nam Food Association has petitioned authorities to prioritise customs clearance of consignments of rice exports stuck at ports.
On Thursday, live hog prices at farms increased by VNĐ2,000-7,000 per kilo to VNĐ88,000-92,000 in the north.
Việt Nam’s farming, forestry and fishery export trade with China fell about 7 per cent year-on-year in the first quarter of this year to US$2.2 billion due to the virus.
The Ministry of Transport said it did not assign the Civil Aviation Authority of Vietnam to study a protection policy dedicated to Vietnam Airlines, which recently reported a loss of VNĐ20 trillion due to the impact of the COVID-19 pandemic.
Capital city-based businesses on Thursday asked for specific tax policies from local authorities as they struggle with the economic downtrend caused by COVID-19.
These products could only be exported to countries that have been hit hard by the COVID-19 pandemic, Phúc asked.
The Ministry of Finance recently has added non-woven fabrics, which are used to produce protective clothing, into the list of import tax exemption.
Local shares were buoyed on Thursday amid stronger profit-taking as investors targeted profits from market rallies.