Việt Nam News

Techcombank reported a total pre-tax profit of VNĐ10.7 trillion (US$462.6 million) and a total revenue of VNĐ19.3 trillion in the past nine months.

The large-cap, mid-cap and small-cap trackers all declined on Tuesday with losses recorded between 0.45 per cent and 1.07 per cent.

The Saigon Thương Tín Commercial Joint Stock Bank (Sacombank) won the Corporate Excellence Award at the 2020 Asia Pacific Enterprise Awards for its outstanding achievements in business while also fulfilling its social responsibilities.

A US$1 billion project has been kick-started on the northern seaside province of Thanh Hóa by  Sun Group, one of Việt Nam largest real-estate developers.

The Vietnam Association of Fish Sauce (VAFS) was launched in Hà Nội on Tuesday.

A coastal property project has been given approval from Đà Nẵng City’s authorities to increase its investment value from VNĐ380 billion (US$17 million) to VNĐ2.1 trillion ($94.5 million).

GE Vietnam on Monday announced a new contract with Vietnamese State-owned power utility Power Generation Joint Stock Corporation 3 (EVNGENCO 3) to continue supplying parts and services for its Phú Mỹ 2.1 and 4 Power Plants.

The mobile advertising market in Việt Nam is expected to reach US$211 million by the end of this year, according to the “Việt Nam Mobile & Smartphone Application Report in first half of 2020” released by Appota Group—a digital entertainment company.

The production and consumption of building materials started resuming at the end of the third quarter this year as lots of construction works were speeding towards completion, however, local producers have been warned to watch the market to avoid a possible surplus.

Fruit and vegetable exports are showing signs of recovery after a slump in the first three quarters of the year.

The lack of board members has led to improper function at the Transport Hospital while conflict over ownership percentage has made private investors look for the way out.

On the Hồ Chí Minh Stock Exchange, the VN-Index lost 10 points, or 1.09 per cent to end the session at 950.8 points.

The clock is ticking on 12 large economic projects started by the Ministry of Industry and Trade (MoIT) with no solutions to their debt problems in sight a few months ahead of a deadline to resolve them, said a report by MoIT to the National Assembly.

Phú Nhuận Jewelry JSC achieved pre-tax profit of VNĐ642 billion (US$27.6 million) on net revenues of VNĐ11.7 trillion ($504.2 million) in the first nine months of the year.

The Indian Business Chamber in Việt Nam is set to organise a seminar on the outlook for India – Việt Nam trade and investment in HCM City on November 2.

Hà Đô Group inaugurated the 50-MWp solar power plant in Ninh Phước district, Ninh Thuận Province on October 24. 

The HCM City real estate market is expected to rebound as soon as the COVID-19 pandemic is under control and legal “bottlenecks” are removed, experts have said.

The Vietnamese Government has issued a decree which reduced the time needed to start a business from 16 days to six days in an effort to improve the business climate.