Domestic gold prices soared to an eight-year high on Monday, reaching VNĐ49.4 million (US$2,128.66) per tael ($1,766.4 per ounce).
The spread of COVID-19 outside China severely affected Asian financial markets on Monday and Việt Nam’s market was no exception.
Corporate earnings were forecast to slow in 2020 as the economy became more vulnerable to external factors, data firms and securities businesses forecast.
Việt Nam recorded a trade deficit of US$30 million in the first half of February, according to the General Department of Customs.
Mastercard on Monday announced the appointment of Safdar Khan as Division President for Southeast Asia Emerging Markets, to further expand the region’s cashless agenda and will be supported by Winnie Wong, Country Manager, Việt Nam, Cambodia & Laos.
Sellers hiking the prices of face masks and hand sanitiser on some e-commerce websites have been fined.
Export activities through border gates with China were still slow by February 23, according to the Ministry of Industry and Trade.
The Bank for Investment and Development of Vietnam (BIDV) has announced plans to put secured assets of Xuân Kiên Auto JSC (Vinaxuki) up for auction to recover the VNĐ1.26 trillion (US$55 million) non-performing loan.
The COVID-19 epidemic is having an impact on Vietnamese consumer behaviour in the first quarter and will possibly continue in the second quarter, according to global data and consulting company Kantar Worldpanel.
Authorities in a ward in Châu Đức District in the southern province of Bà Rịa-Vũng Tàu are warning buyers to be careful when buying land there, saying rumours about a giant property company buying there has caused a price bubble.
Amanotes, a mobile game publisher based in Viet Nam, has been ranked among the top positions worldwide in two recent major surveys of the rapidly growing global mobile market.
HCM City plans to draw up specific policies for firms having capital of more than VNĐ100 billion (US$4.3 million) in the first quarter of this year, and has committed to create more favourable conditions for enterprises.
Services and retail are forecast to attract a large amount of Japanese direct investment into Việt Nam this year.
The Government has decided to allow Vietcombank and Vietinbank to increase their charter capital by VNĐ10 trillion (US$434.8 million) in the first quarter of this year, but it has not said how they could do so.
Shares of sugar companies has gained sharply as raw sugar prices are skyrocketing on the world market.
The restructuring of the services sector would be hastened towards increasing the application of high technologies and artificial intelligence to improve competitiveness.
The Airports Corporation of Vietnam (ACV) expects profit this year will reach just VNĐ1.7 trillion (US$73.4 million), a decrease of more than VNĐ6 trillion compared to the year’s forecast, due to the effect of the COVID-19.
Eleven major real estate projects will be developed in Đồng Nai this year, according to the province People’s Committee.