Việt Nam News

As a major foreign investment hub, China is hit hard by the new strain of coronavirus, now known as Covid-19, but this also provides an opportunity for other countries to accelerate efforts to attract new foreign investment, especially investments in China which may seek other destinations.

Vietnamese shares fell with regional markets on Tuesday on worries of the global economic recession.

The chairman of the municipal People’s Committee has asked agencies to improve production of major industries and diversify tourism products, as well as speed up the capital disbursement rate of public investment projects.

At the Cabinet meeting in Hà Nội, the Ministry of Agriculture and Rural Development reported that the sugar and sugarcane industry are suffering numerous difficulties. 

The suspension of trade in seafood and agriculture products at some northern border gates with China as a measure against the novel coronavirus (Covid-19) has caused a demand-supply imbalance in the market.

A ceremony to mark the physical linking of the entire under-construction first metro line in HCM City between Bến Thành Market in District 1 and Suối Tiên Theme Park in District 9 was held on February 17.

Vietnamese enterprises, especially women-owned businesses, are still facing many difficulties and barriers in developing and accessing resources, such as credit and land.

Dragon fruit prices in Long An Province have started to increase as more export opportunities become available, Nguyễn Quốc Trịnh, Chairman of the Long An Dragon Fruit Association, said on Tuesday.

Vinaconex corporation has registered to divest all of its 16 million shares in Vinaconex Power Investment Construction and Development JSC.

The National Payment Corporation of Vietnam (NAPAS) announced exemptions and reductions on service fees on electronic switching for local banks.

All cars providing passenger transportation services via ride-hailing applications will be treated like taxis from the beginning of April, when the pilot project for tech-based cars ends.

The Ministry of Construction has forecast cement demand will increase by 4-5 per cent this year thanks to a recovery in the real estate market.

Textile stocks have been on an temporary upswing thanks to the recent ratification of the EU-Việt Nam Free Trade Agreement (EVFTA) but textile enterprises still face difficulties due to heavy dependence on imported raw materials and machinery as well as reduced demand worldwide.

Vietnamese shares edged down on Monday as investors remained cautious despite positive movements in regional markets.

Trần Thị Thu Trang, director-general of Hanel PT, an electronics maker in northern province Bắc Ninh said her company had given up on seeking access to the preferential credit policies after extensive research.

The respiratory epidemic caused by the novel coronavirus (COVID-19) has highlighted an urgent need for Việt Nam to boost its economic restructuring and diversify its markets.

Falling one place to 11th in the global index of emerging logistics markets, Việt Nam was still seen as a clear winner in the US-China trade war.

Some large livestock companies have reduced pork prices to an average of VNĐ75,000 per kilo, Minister of Agriculture and Rural Development Nguyễn Xuân Cường said after visiting the firms on February 16.