Việt Nam News

Invested by State-owned Viglacera Corp, the park will cover 221ha in Yên Phong District. It aims to attract multi-sector investment, mainly processing and manufacturing, high technology and non-polluting industries.

Export and import activities have been busy since the start of the Lunar New Year (January 25), with some product groups reaching export value of over $1 billion each.

Shares plunged on both national stock exchanges on Thursday, the first trading session after the Tết (Lunar New Year) holiday, due to volatility on global markets given developments of the coronavirus outbreak in China.

Competition between seaports is set to increase in 2020 when more ports open.

FPT Corporation has reported profit before tax of nearly VNĐ4.7 trillion ($203.3 million) on revenues of VNĐ27.7 trillion (US$1.19 billion) last year, around a 20 per cent increase in both cases.

More Vietnamese businesses are investing in the robot manufacturing industry as demand for such products is growing rapidly in Việt Nam, experts have said.

Sacombank's consolidated profit before tax reached VNĐ3.2 trillion (US$137.8 million) last year, more than 21 per cent in excess of its target.

The derivatives market is likely to grow stronger in 2020, offering high profitability to investors, analysts have said.

Ending the peak business season on the occasion of Tết (Lunar New Year), purchasing power increased by 10–15 per cent on average over the same period in 2019 in which sales at modern distribution systems (supermarkets, convenience stores and others) rose by 20-30 per cent, according to official statistics.

Pepper prices this year are unlikely to recover after a strong reduction in 2019 due to abundant supply.

Việt Nam steel production was forecasted to continue to grow slightly, at about 6-8 per cent, this year, reported the Việt Nam Steel Association (VSA).

After the authorities revoked working licenses of five multi-level marketing (MLM) firms last year, there are 23 firms of this type allowed to operate in the country.

The retail prices of petrol witnessed a strong reduction as from 3pm on January 30 (Thursday).

Local gold prices rose on Thursday amid rising concerns over the coronavirus outbreak in China which buoyed demand for safe assets.

The Import-Export Department under the Ministry of Industry and Trade is keeping a close watch on the development of the coronavirus, urging firms to prepare for negative impacts of the epidemic on exports, especially exports of agricultural products, to China.

The Bình Sơn Refining and Petrochemical JSC has reported gross revenue of VNĐ102.82 trillion (nearly US$4.4 billion) last year.

Total retail sales of goods and services in January were estimated at VNĐ448.1 trillion, up 3.6 per cent over the previous month and up 10.2 per cent year on year, according to the General Statistics Office (GSO).

Shares plunged on both national stock exchanges on Thursday morning – the first trading session after the Tet (Lunar New Year) holiday – due to volatility on the global markets given developments of the virus outbreak in China.