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Early preparation underpins stable Tết supply

Cỏ May to supply pangasius fish to Saigon Food

Cỏ May Group has signed a memorandum of understanding with the Saigon Food Joint Stock Company to supply pangasius.

PM asks statistics office to improve macro-economic analysis, forecasting

Prime Minister Nguyễn Xuân Phúc asked the General Statistics Office (GSO) to improve macro-economic analysis and forecasting while addressing a conference to launch tasks for the sector this year in Hà Nội on January 6.

Vietnam Airlines adds flights for Tết holiday

The national flag carrier Vietnam Airlines plans to offer nearly 600 flights during the Tết (Lunar New Year) holiday from January 9 to February 2 this year, marking a year-on-year increase of 12 per cent.

Oil stocks fail to rescue market

Petroleum stocks gained ground thanks to rising global oil prices but could not rescue market from falling, strongly hit by selling demand.

Owners of Cocobay Đà Nẵng condotels propose solution to profit problem

Many owners of units at the Cocobay Đà Nẵng condotel project have proposed to convert profits owed by Thành Đô Company into land or houses at Cocobay, according to a statement from Thành Đô.

Prudential Vietnam in insurance distribution deal with SeABank

Prudential Vietnam and the Southeast Asia Joint Stock Commercial Bank (SeABank) on Monday announced they have entered into an exclusive 20-year bancassurance partnership.

Industry calls for national technical regulation for raw cashew

The Việt Nam Cashew Association wants the Ministry of Agriculture and Rural Development to draft national technical regulations for raw cashew nuts so that processors can ensure the quality of imported raw material.

Footwear, handbag sector eyes export target of $24b in 2020

The footwear and handbag industry aims to reach export revenue of US$24 billion in 2020, after hitting $22 billion last year, the industry association said.

EVN and Laos’ Phongsubthavy Group sign power purchase agreements for two hydropower projects

The Electricity of Vietnam (EVN) and Phongsubthavy Group of Laos on January 4, 2020 signed power purchase agreements (PPA) for the 69MW Nam San 3A and 45MW Nam San 3B hydropower plant projects in Hà Nội.

Firms urged to comply with origin rules amid escalating protectionism

The Ministry of Industry and Trade urged firms to strictly comply with rules of origin to avoid negative impacts on exports amid escalating trade defence measures.

HCM City’s EVN to become digital business

HCM City’s electricity sector has set a target to become a digital business by adopting key technologies such as big data, Internet of Things and artificial intelligence (AI) to improve the local power system.

Motorcycle makers running out of gas in face of increased competition

The Vietnam Association of Motorcycle Manufacturers (VAMM) reported gloomy figures for the last months of 2019, a time when the industry typically expects a boom in sales revenue.

HCM City exhibition organising industry hailed for yeoman service

The exhibition organising industry has played a crucial role in job creation in HCM City and economic growth, experts have said.

Brokerages hope for more capital in stock market

Việt Nam’s stock market is expected to lure more foreign capital in 2020, according to brokerages.

SBV sets cashless payments as top priority for 2020

The State Bank of Vietnam (SBV) has issued a resolution to boost cashless payments in the country.

Bank lending rates expected to fall in the new year

A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5 percentage points as required by the Government.