Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

SJC gold soars due to global fluctuations, import policy changes

Workouts at home fuel demand for fitness equipment

The rising trend of working out at home has pushed up demand for fitness equipment amid the COVID-19 pandemic.

Thai Stark Corporation acquires Vietnamese cable makers in a $240m deal

Thailand's Stark Corporation has completed the acquisition of Việt Nam-based Thịnh Phát Cables (Thipha) and Đồng Việt Non-Ferrous & Plastic (Dovina) for a combined value of US$240 million.

Q1 unemployment rate highest over the past five year due to COVID-19: GSO

The Government, businesses and workers need to work together to gradually resume production and business during and after the novel coronavirus (COVID-19) pandemic, according to the General Statistics Office (GSO).

US cuts anti-dumping taxes on Vietnamese catfish products

The US Department of Commerce (DOC) has lowered anti-dumping duties on tra fish (pangasius) products from Vietnam

VN stocks pulled down by profit-taking

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange dropped 0.76 per cent to end at 770.77 points.

Central city calls for $604 million IZs investment

The Đà Nẵng Hi-Tech park and the Industrial Zones Authority (DHPIZA) has offered bidding documents for preliminary selection of investors for infrastructure development on three industrial zones in 2020-23.

MoIT to select top priority industries to support in the “new normal”

Key industries like textiles, footwear, electronics, food and seafood processing must be prioritised for support in the “new normal” situation, said Trương Thanh Hoài, director of the Department of Industry.

Exporters required to register REX code before June 30

Local exporters should accelerate the registration of REX codes to enjoy preferential tariffs from the European Union as the EU, Norway and Switzerland would not accept the certification of origin of goods (C/O) form A from the beginning of July.

Banks urge Visa, Mastercard to reduce fees

The Việt Nam Banks Association has urged international card organisations to reduce several types of fees on Vietnamese banks in the context that the COVID-19 pandemic negatively affected their card businesses.

Big C launches its online grocery store on Chopp

Big C has tied up with Chopp to launch its online grocery delivery in HCM City.

Việt Nam’s FDI hits $12.33 billion in the first 4 months

The figure, however, was much higher than that of the same period of 2018 and 2017 with $5.8 billion, $9.2 billion, respectively, the FIA said.

Việt Nam likely to benefit from low oil prices if economy restarts quickly

Last Monday (April 20) US oil prices plunged into negative territory for the first time ever, meaning producers were willing to pay buyers to take crude off their hands.

Ministry prepares plans on recovery of tourism market

The Ministry of Culture, Sports and Tourism has announced plans to quickly restart the tourism market as soon as the novel coronavirus (COVID-19) pandemic ends.

Asset sales bring profits to natural rubber firms, not their farms

Natural rubber firms are making profits from non-core activities despite falling rubber prices on global markets.

Banks urged to further support COVID-19 affected customers

Governor of the State Bank of Việt Nam Lê Minh Hưng has called on commercial banks to urgently simplify lending procedures to help COVID-19-affected firms easily access preferential interest rate loans.

Getting ready for lychee to enter Japan

Việt Nam was getting ready to export lychee to Japan when this harvest season was approaching.

Huế, Đà Nẵng call for $215 million property investment projects

Đà Nẵng City and Thừa Thiên-Huế Province have approved some key property projects for construction in the third quarter of this year, calling for investment to help recover the real estate market growth that was postponed by the COVID-19 pandemic.

Shares to move sideway as investors brace for Q1 earning reports

Shares are forecast to move sideways this week as investors brace for dreary quarterly earnings reports that could offer more clarity on how badly corporate profits have been damaged by the novel coronavirus pandemic.

Fruit, vegetable exports to Thailand rocket by over 300% in Q1

Việt Nam’s fruit and vegetable exports to Thailand hit US$50.51 million in the first quarter of 2020, shooting up more than 300 per cent

HSBC, NGOs to help most vulnerable groups

HSBC Vietnam in collaboration with non-governmental organisations such as the Worldwide Orphans Foundation (WWO), VinaCapital Foundation and Supporting Community Development Initiatives (SCDI) has kicked off a relief programme to support people who have been seriously impacted by the COVID-19 pandemic.