Việt Nam News

HDBank has been honoured with its second consecutive "Best Domestic Retail Bank" award for 2020 by Asian Banking & Finance for its impressive results in the retail segment with modern products and services, meeting the diverse needs of millions of local and foreign clients.

The State Bank of Việt Nam has licensed 9Pay Joint Stock Company to provide payment intermediary services.

If serious turbulence is caused by large-scale sell-offs and considered a threat to the security of the equity market, the Ministry of Finance will have to switch the market off.

The number of orders in the European market alone since the beginning of this month has increased by about 10 per cent compared to last month, specifically, for shrimp and squid.

The State Bank of Việt Nam (SBV) announced it could adjust monetary policies, including credit growth and incentives, in the remaining months of the year to cope with the COVID-19 pandemic.

After collecting US$11.6 million from violations since early 2020, the General Department of Taxation (GDT) said it would reduce regular tax checks at businesses to help them focus on production to overcome the COVID-19 pandemic.

Enterprises in the real estate sector issued some VNĐ45.59 trillion (US$2 billion) worth of bonds in the first half of this year, equal to 80 per cent of the figure of 2019 as a whole.

The consumer staples, retail, and real estate were three of the worst-declining sectors on Tuesday.

Việt Nam Technological and Commercial Joint Stock Bank (Techcombank) announced the appointment of Jens Lottner as Chief Executive Officer (CEO), effective August 18, 2020. 

The first batch of Chilean apples arrived last week after a five-year absence in the Vietnamese market, marking a new milestone in the Việt Nam – Chile trade relations.

The authority said several conclusions have yet to reflect realities such as issues related to value-added tax and overlaps in calculations.

The Vietnam Aviation Business Association (VABA) has proposed the Government lend domestic airlines a credit package of VNĐ25 trillion-VNĐ27 trillion (US$1.07 billion-$1.16 billion) at a preferential interest rate for a three-four year term.

This general department must strengthen management and inspection of market to prevent and strictly handle smuggling and commercial fraud for sugar and sweetening products, according to the minister.

Retailers are focusing on online shopping as more and more consumers are seeking to avoid public places amid the new COVID-19 outbreak.

Japanese enterprises are expanding investment in sectors that are seen to have growth potential in Việt Nam, according to experts.

The corporate bond market will flourish in the third quarter of this year but will then step back in the fourth quarter in anticipation of regulatory amendments which will impose restrictions on bond trading from early September.

The Ministry of Planning and Investment (MPI) will look to extend some economic support policies until 2021 if the COVID-19 pandemic continues.

VFA’s updates on August 14 showed Việt Nam’s 5 per cent broken white rice was traded at US$493-497 per tonne, compared to $473-477 of the same type of Thailand, $423-427 of Pakistan and $378-382 of India.