Việt Nam News

Việt Nam needed to invest in the digital economy and seize the opportunities it provided to improve labour productivity.

The HCM City Real Estate Association (HoREA) has asked for corporate bond regulations to be loosened to help businesses get through the COVID-19 pandemic, local media have reported.

Vietnamese brands are expected to shine in the global supply chain, said Minister of Industry and Trade (MoIT) Trần Tuấn Anh in a letter of congratulations to the country’s community on Việt Nam Brand Day.

Rồng Việt Securities (VDSC) posted a record loss of VNĐ88.4 billion (US$3.78 million) in the first quarter of 2020 as the company suffered from proprietary trading.

Despite COVID-19 pandemic, Việt Nam achieved a high export growth value to China in the first quarter of this year, according to the General Department of Customs.

The Ministry of Transport has rejected a proposal of cutting container loading and unloading service fees at seaports by 30 per cent, Nguyễn Trí Đức, chief of the ministry’s office said.

In the first quarter of the year, Việt Nam foreign investors acquired stakes worth US$2 billion in local companies.

Smartphone users will soon be able to use facial recognition to unlock their devices - without removing their face masks.

Despite the impact of the COVID-19 pandemic in the first quarter, construction businesses still firmly believe bright growth lies ahead for the rest of the year.

FPT Corporation achieved revenue of VNĐ6.63 trillion (US$282.6 million) and pre-tax profit of VNĐ1.14 trillion ($48.6 milion) in the first quarter of the year, a year-on-year increase of 17 per cent and 18.9 per cent, respectively, surpassing 2 per cent of its target.

The Bình Thuận Province People’s Committee has asked departments and districts to work with investors to hasten the progress of projects that received in-principle licences or signed memorandums of understanding with the province last year.

The reluctance to use cash and come to crowded places such as markets or supermarkets has significantly changed consumption and payment habits.

An interdisciplinary inspection team led by the Ministry of Industry and Trade has been established to work with agencies to determine how much rice is stuck at ports so that the ministry can come up with an appropriate rice export plan. 

Phạm Văn Công, Chairman of the Việt Nam Cashew Association (Vinacas), has said the cashew industry will struggle to achieve its export target of US$4 billion this year due to the novel coronavirus (COVID-19) pandemic.

With Covid-19 and trade tensions driving the shift of production lines from China to Southeast Asia, Việt Nam, in particular, seems to have emerged as an attractive destination for investors and manufacturers alike, experts have predicted. 

The HCM City People’s Committee chairman Nguyễn Thành Phong held a meeting with the heads of various government departments to discuss how to rescue real estate projects that have been delayed due to various difficulties.

The State Bank of Việt Nam in HCM City has set up a hotline (028) 38.211.230 to provide assistance to enterprises, especially for those badly affected by the COVID-19 pandemic.

Stronger profit-taking is expected in coming days as the benchmark VN-Index is on track to touch 800 points again and that short-term peak will be an opportunity for investors to realise their profits.