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Banks cut rates following SBV’s call

Interest groups must not profit from State's assets: Deputy PM

Stopping interest groups from buying State assets at below market prices is a top priority, said deputy Prime Minister Trương Hòa Bình at a meeting with Government officials yesterday on the equitisation and recall of State capital from State-owned enterprises (SOE).

Vietnam Airlines faces more than half a billion dollars in losses

Shareholders of Vietnam Airlines Corporation approved the 2020 business and production plan on Monday, which noted that consolidated losses will not exceed VNĐ15.17 trillion ($655.7 million).

Banks to continually cut costs to aid COVID-19 affected firms

The State Bank of Việt Nam (SBV) has asked banks to further reduce operating costs in the remaining months of the year in order to continue lowering interest rates to support COVID-19 affected firms and individuals.

New resolution promotes the development of supporting industries

Việt Nam will have 2,000 enterprises capable of directly supplying parts for multinational corporations in ten years’ time.

Auto firms urged to have suitable business plans amid COVID-19

With the new COVID-19 outbreak, automobile firms are expected to face new difficulties.

Shares erase early gains due to profit-taking pressure

Shares cut early gains on Monday as profit-taking pressure increased strongly when VN-Index was approaching 850 points.

ABBANK unveils two preferential credit packages for small businesses

An Bình Commercial joint Stock Bank has rolled out two new credit products for microbusinesses.

RoK to export chilli powder to VN

The Republic of Korea (RoK) said on Monday that the country had completed negotiations to export chilli powder to Việt Nam in the effort to increase exports of agricultural products amid the COVID-19 pandemic.

Việt Nam expects imminent new wave of foreign investment

In late July, news that 15 Japanese companies received support from their Government to move to Việt Nam from China became a hot topic in the media.

Nearly 20,000 rooftop solar power projects installed

So far, more than 41,180 rooftop solar power projects have been put into operation throughout the country with a total capacity of 925.8 MWp.

Politburo member Trần Quốc Vượng visited Ca Mau Gas-Power-Fertiliser Complex

Trần Quốc Vượng, Politburo member, Standing Secretariat of the Party Central Committee, on August 9 visited the Cà Mau Gas-Power-Fertiliser Complex, which belongs to the Việt Nam National Oil and Gas Group.

Businesses struggle as another outbreak hits

As another wave of COVID-19 hits the nation, many businesses are already on the verge of collapse.

Gold prices slip in the market

Local gold prices dropped sharply after the weekend. At 10am on August 10, the prices were rated down nearly VNĐ1 million ($43) from an hour before at VNĐ59 million (US$2,540) per tael.

Dozens of tonnes of Vietnamese longan enter Australia over past few weeks

Tonnes of Vietnamese longans have been exported to Australia and distributed in the states of South Australia and Western Australia over the past few weeks.

HCM City industrial production falls sharply

HCM City’s index of industrial production for the first seven months of the year declined by 5.5 per cent year-on-year due to the impact of the COVID-19 pandemic, according to its Department of Industry and Trade.

Many companies largely rely on joint ventures

Some UPCOM-listed companies are enjoying stable earnings brought by joint ventures they established with foreign partners, but their core businesses remain insignificant.

With all eyes on virus control, VN stocks set to swing

While corporate earnings reporting no longer has an impact on overall market sentiment, all eyes will be on new developments of the second wave of coronavirus in Việt Nam.