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PM approves programme to promote the development of supporting industry

Ministry approves 10 per cent to power bills cut

The Ministry of Industry and Trade (MoIT) has decided to cut power bills for businesses and households by 10 per cent over the next three months to ease their difficulties amid the COVID-19 pandemic.

Paper, packaging firms hit by COVID-19 fallout

Domestic paper and packaging firms face a shortage of raw materials and a slump in both domestic and export demand.

VN stocks gain slower on profit-taking

Growth softened on the Vietnamese market on Monday as investors sought for profits in some large-cap stocks while retailers, financials and energy firms benefited from a strong purchasing power.

SCIC asked to focus on key sectors

Deputy Prime Minister Trương Hòa Bình has asked the State Capital Investment Corporation (SCIC) to focus its investments on key sectors of the economy to boost efficiency and contribute to socio-economic development.

City shut downs factories, businesses at a high risk of spreading COVID-19

The People's Committee of all 24 districts in HCM City was expected to submit a report on the assessment of Covid-19 infection risks at businesses and factories to the city’s Standing Committee office this afternoon.

93% enterprises to benefit from cut in corporate income tax

About 700,000 enterprises are expected to enjoy a cut in corporate income tax (CIT) to between 15-17 per cent since July 1 this year, down from the current rate of 20 per cent.

Industrial parks forecast lower profits due to pandemic

Industrial park owners are forecasting a drop in 2020 profits, blaming the ongoing damage inflicted by the novel coronavirus outbreak.

Petrol prices plunge for seventh consecutive time

The retail prices of petrol fell by more than VNĐ600 per litre on Monday following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Bamboo Airways to resume domestic flights from April 16

Bamboo Airways will resume domestic flights from April 16 when the Prime Minister’s social distance order is scheduled to be lifted.

Ministry launches investigation into anti-dumping duties on polyester yarn

The Ministry of Industry and Trade (MoIT) has launched an investigation that may result in anti-dumping duties on polyester filament yarn (PFY) originating from China, India, Indonesia and Malaysia.

HCM City tax revenues fall well short of target

HCM City’s daily tax revenues have fallen by 31 per cent in the first quarter of this year because of the Covid-19 pandemic, the chairman of its People’s Committee, Nguyễn Thành Phong, has said.

Shares may move sideways on increased selloff and profit taking

Stock markets look set to move sideways this week with continuous foreign selloffs pressuring investor sentiment and recent broad rally may spur some profit taking.

Vietjet's POWER PASS accounts launched with free air tickets available

Two types of POWER PASS accounts are available for passengers to purchase at http://powerpass.vietjetair.com or www.vietjetair.com.

Credit card defaults a risk during COVID-19

Experts have warned that consumers may soon start defaulting on their credit card payments due to rising unemployment and salary cuts in many industries and sectors in the wake of the COVID-19 outbreak.

Bình Dương Province’s exports grow by 3.6 per cent in Q1

Despite the difficulties caused by the COVID-19 pandemic, Bình Dương Province managed to expand exports by 3.6 per cent in the first quarter of the year to US$5.8 billion, according to its Department of Industry and Trade.

MoIT issues rice export quotas this month under PM permission

Minister of Industry and Trade Trần Tuấn Anh has signed on decision announcing the rice export quota for April after the Prime Minister gave the green light to resume exporting the product.

Steel producers hit hard by pandemic

In the first quarter, VSA-member enterprises recorded a plunge of 15 per cent in steel output to 5.4 million tonnes and 20 per cent in consumption to 4.4 million tonnes year-on-year.

Face masks, hand sanitisers added to price stabilisation programme in HCM City

Face masks and hand sanitisers have been added to the list of essential goods covered by the price stabilisation programme in HCM City amid the COVID-19 crisis.

Vietrade supports exporters amid COVID-19 outbreak

A list of nearly 100 Vietnamese enterprises which are capable of supplying face masks and other supplies for COVID-19 prevention has also complied by Vietrade in order to meet rising demand in European and American regions.