Việt Nam News

The global spread of COVID-19 has had an insignificant impact on An Phát Bioplastics JSC’s performance in the first three months, shareholders were told on Wednesday.

With the Covid-19 pandemic continuing to threaten, Sacombank and the Post and telecommunication Joint Stock Insurance Corporation (PTI) have launched an Anti Covid -19 insurance product for Vietnamese citizens and corporates operating in Việt Nam with coverage of up to VNĐ150 million (US$6,335).

Vietnam National Garment and Textile Group (Vinatex) will ask for the Government’s permission to export anti-virus products as a measure to overcome difficulties caused by the novel coronavirus (COVID-19) pandemic.

Thirty seven commercial banks have confirmed the reduction of the fees for interbank fund trasfers following the move of the National Payment Corporation of Việt Nam (NAPAS) to halve the switching fees for local banks from Wednesday.

Though the unofficial value of the Vietnamese đồng is now down about 3 per cent against the US dollar, the rate is still a smaller depreciation than that seen by most of Việt Nam’s regional peers and expected to stabilise around the level, management fund Vinacapital reported.

The Ministry of Agriculture and Rural Development has targeted no drop in export value of agricultural products this year, even though the sector was hit hard by the novel coronavirus (COVID-19) pandemic from the beginning of this year.

Local wood processing enterprises need to continue reorganising their production and business activities to deal with difficulties during the novel coronavirus (COVID-19) pandemic, according to the Ministry of Agriculture and Rural Development (MARD).

The US dollar on Wednesday depreciated against the Vietnamese đồng after the State Bank of Việt Nam (SBV) sold the greenback on the cheap to stabilise the local foreign exchange market.

Việt Nam’s rice exports surged this year to 1.29 million tonnes worth US$602 million by mid-March, 26.5 per cent and 34.6 per cent up.

To urgently support the stock market, the finance ministry cut fees of nine securities services and exempted fees for six others from March 19.  

The COVID-19 outbreak has hit fast-moving consumer goods (FMCG) businesses but not all categories and retailers will suffer negative impacts, according to global data and consulting company Kantar Worldpanel.

Vietnamese shares bounced back on Wednesday thanks to the upbeat global mood as massive stimulus efforts injected optimism amid the rapid spread of COVID-19.

Many local firms are buying back their shares to boost ownership during the COVID-19 pandemic.

The Việt Nam Telecommunications Authority (VNTA) under the Ministry of Information and Communications asked network operators to ensure the quality of telecommunications services.

The novel coronavirus (COVID-19) pandemic and deepening global economic uncertainty are putting great pressure on Việt Nam’s local currency bond market, according to the Asian Development Bank (ADB).

Trade and customs clearance of agricultural products at border gates on the border with China got back to normal but slow due to strict adherence to regulations of preventing the outbreak of COVID-19 virus.

The Ministry of Industry and Trade (MoIT) on Tuesday proposed Prime Minister Nguyễn Xuân Phúc to allow businesses to continue exporting rice.

The Ministry of Industry and Trade (MoIT) has proposed Prime Minister Nguyễn Xuân Phúc permit customs clearance of goods through all secondary border gates in the northern province of Lạng Sơn, which is on the border with China.