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Hotel market to recover next year

The hotel market in Việt Nam this year is expected to face a severe decline in room occupancy due to the COVID-19 pandemic and will not recover until next year, industry experts have said.

VN stocks fall for second day as sellers become more active

Vietnamese shares fell for a second day as investors kept bringing large-cap sector down on stronger profit taking while securities firms posted good gains.

Industrial park developers immune to Covid-19

Industrial park infrastructure development companies continue to do well amid the Covid-19 pandemic, and the industrial property sector is expected to thrive since Việt Nam is considered among the most attractive investment destinations post the pandemic.

Credit institutions recover nearly $1.2b of bad debts in Q1 2020

Credit institutions in Việt Nam settled more than VNĐ26.94 trillion (US$1.17 billion) of non-performing loans (NPLs) in the first quarter of this year.

VN to strengthen simplification of business regulations in 2020-25 period

Việt Nam would strengthen the removal and simplification of business regulations in the next five-year period to create favourable condition for enterprises and promote their development as driver for socio-economic growth.

SBV gives non-interest loan of VNĐ16 trillion to pay salaries for workers

The State Bank of Việt Nam (SBV) has given a non-interest loan of VNĐ16 trillion to employers to pay salaries for workers, who have stopped working due to the impact of COVID-19 pandemic.

Banks aid 318,000 COVID-19 affected borrowers

Commercial banks cut interest rates on VNĐ980 trillion (US$42.6 billion) of loans to support 318,000 COVID-19 affected individual and corporate borrowers by the end of April, the latest data from the State Bank of Việt Nam (SBV) showed.

State should encourage casino investment to attract foreign tourists: association

The Việt Nam Association of Foreign Investment Enterprises (VAFIE) has proposed the Government to encourage development of casino business and gambling activities in hotels and resorts for attacting more foreign tourists.

No new airlines until aviation market recovers: ministry

Việt Nam will temporarily halt the consideration of new airlines until the aviation market has recovered from the COVID-19 pandemic, according to Minister of Transport Nguyễn Văn Thể.

Toyota recalls 30,000 cars to replace fuel pump

Toyota Motor Vietnam (TMV) is recalling nearly 30,000 locally-assembled cars including Toyota Camry, Corolla Altis and Innova to replace faulty fuel pump.

Việt Nam imports pigs from Thailand

Việt Nam has imported 250 pigs from Thailand to breed and is encouraging businesses to import more to help restock herds across the country after the impacts of the African swine fever outbreak.

Trade defence instruments important to Việt Nam’s open economy

Strengthening the application of trade defence instruments would be necessary for Việt Nam, which was among countries with the highest economic openness level, according to the Ministry of Industry and Trade.

Apartment lease in HCM City has few takers

The HCM City apartment lease market has been hit hard by the COVID-19 outbreak despite landlords reducing rentals, experts said.

Restructuring supply chains needed to restore ASEAN economy, says minister

Minister of Industry and Trade Trần Tuấn Anh talks with Vietnam News Agency about plans for economic recovery, and the Special ASEAN Plus Three Summit on Coronavirus Disease 2019 (COVID-19) that was held via video conference.

HNX-listed firms see total profit up 4.8% in 2019

Listed companies on the Hà Nội Stock Exchange (HNX) reported their post-tax profits grew 4.8 per cent year-on-year to reach VNĐ21.4 trillion (US$917 million) in 2019.

Footwear sector’s support industry should focus on developing new materials

To develop the support industry for the leather and footwear sector, the State should have policies to encourage development of new materials, according to the Việt Nam Leather and Footwear Association (Lefaso).

EVN SPC invests in solar power plant on Côn Đảo

The Southern Power Corporation (EVN SPC) will start building a solar power plant in July to turn Côn Đảo Island into "a high-quality tourist and economic zone".

VN stocks slide, but market prospects remain positive

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched down 0.13 per cent to close at 834.21 points.

Vinacas tells cashew enterprises to trade carefully

The Việt Nam Cashew Association (Vinacas) recommends cashew processing enterprises to be calm and not to sell-off their products to avoid potential losses.