Việt Nam News

Shares ended on a positve note on Wednesday on both local bourses, with financial stocks leading gains and supporting the market.

An investment licence for ready-built factories-for-rent project has been granted to Sài Gòn Telecommunications Technology JSC – a member of the Sài Gòn Invest Group – with a construction area of 15ha at the Đà Nẵng Hi-Tech Park.

Trade data show that Việt Nam was the top seller of unroasted beans to Japan for the first seven months of 2020. A total of 67,392 tonnes of unroasted beans were imported from the Southeast Asian country during the period, up 26 per cent year on year.

The four-day event, which opened on Tuesday, has drawn the participation of enterprises from 28 export markets of Việt Nam, along with businesses from 12 Vietnamese provinces and cities.  

Though trade in engineering products between India and Việt Nam has grown significantly, there is still huge untapped potential, according to Indian officials.

Singapore is Việt Nam’s leading investor this year with more than US$6.54 billion or 33.5 per cent of total investment in the first eight months, according to the Ministry of Planning and Investment.

Viet Nam should study operational solutions to make full use of existing power sources and enhance the development of renewable energy sources due to the rapid deployment of construction to ensure electricity supply in 2021-30, according to the Ministry of Industry and Trade (MoIT).

Unlike aviation companies, shares in Việt Nam’s sole airport operator Airports Corporation of Vietnam (ACV) are being widely seen as positive in the long run.

The record trade surplus Việt Nam ran in the first eight months of this year amid the COVID-19 pandemic was not necessarily a good thing, experts have said.

The international reserves held by the State Bank of Việt Nam (SBV) were equal to US$92billion at the end of August, up from $80 billion at the end of December.

Shares cut early gains on Tuesday after a bout of profit-taking took large-caps prices lower, dragging down overall market.

Total FDI registered since the beginning of the year was US$19.54 billion, just 86.3 per cent of the same period last year. 

Vietnam Airlines has carried nearly 40,000 passengers on domestic routes since the beginning of 2020, an annual increase of 12 per cent.

Fourteen listed companies were honoured with IR Awards for having the best investor relations in 2020 in HCM City on September 22.

The State Bank of Vietnam (SBV) sought to further cut interest rate in an effort to boost the country's economic recovery, said its deputy-governor Nguyễn Thị Hồng in an SBV's press conference held by yesterday in Hà Nội.  

The first batch of fragrant rice will be shipped to EU under the Europe-Vietnam Free Trade Agreement (EVFTA) by the end of this month, said the Ministry of Agriculture and Rural Development.

Việt Nam for the first time will investigate signs of dumping of sugar imported from Thailand, said the Ministry of Industry and Trade (MoIT) on Monday.

The factory has a total investment capital of VNĐ1.2 trillion (US$53 million).