Việt Nam News

Credit institutions have so far supported more than 44,000 COVID-19 affected customers following directions from the State Bank of Việt Nam (SBV), an official reported on Monday.

The coronavirus outbreak has affected the country’s economy, with production for exports and services suffering the most.

Việt Nam reported an estimated trade deficit of US$176 million in the first two months of the year, according to the General Statistics Office of Vietnam (GSO).

The forestry sector has set a target of US$20 billion of annual export turnover for wood and wooden products by 2025, increasing from the current $9.45 billion.

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange edged up 0.25 per cent to close at 884.43 points.

Yên Bái is home to more than 2,140 enterprises, creating 38,000 local jobs. Last year, the firms contributed VNĐ1.17 trillion ($50.3 million) to the local budget, accounting for 54 per cent of the province’s revenue.

Việt Nam could export asparagus to Australia this month, according to the Việt Nam Trade Office in Australia.

The small and medium-sized enterprises (SME) Support Center under Hà Nội's Department of Planning and Investment has officially put into operation a portal to support businesses at hotrodoanhnghiep.hanoi.gov.vn.

Total State budget collection was estimated at VNĐ214.2 trillion (US$9.31 billion) in the first two months of this year, or 14.2 per cent of the yearly estimate, reported the General Statistics Office on February 29. 

Major advanced persistent threat (APT) groups have increased their activity and are waging sophisticated cyberespionage in the Southeast Asia region, according to cyber-security company Kaspersky.

Samsung starts construction of new R&D centre in Việt Nam

The Vietnam Manufacturing Purchasing Managers' Index (PMI) fell below the 50.0 no-change mark in February, signalling a deterioration in business conditions, a survey of IHS Markit and Nikkei released on Monday showed.

A survey conducted online by the Delegation of German Industry and Commerce in Việt Nam (AHK Việt Nam) in January revealed that sixty-six German medical and healthcare businesses said they intended to set up business in Việt Nam.  

The Vietnam Association of Securities Businesses (VASB) may propose market regulators reduce trading taxes for investors, according to general secretary Nguyễn Thanh Kỳ.

Việt Nam is working to develop a system of modern agricultural product supply centres to promote the consumption of farm produce, enhance food safety and hygiene, and improve the competitive edge of Vietnamese goods.

HCM City is implementing programmes meant to create a launch pad for start-ups and offer favourable conditions for new companies to develop.

On February 7, the banking sector’s outstanding loans fell by 0.38 per cent for the year, while overdue debts and non-performing loans showed signs of rising.

The February consumer price index (CPI) slipped 0.17 per cent from the previous month due to falling demand for goods after the Lunar New Year (Tết) holiday, falling petrol prices, and the coronavirus (COVID-19) outbreak, according to the General Statistics Office (GSO).