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PM approves programme to promote the development of supporting industry

Garment 10 to produce medical face masks, first export order worth US$52m

Garment 10 Corporation Joint Stock Company was investing in producing medical face masks as well as cloth masks with ten production lines being installed

COVID-19 pushes banks to lower deposit rates

Many banks have cut their deposit interest rates significantly this month due to a credit growth slowdown in the wake of the pandemic.

Vietnam Airlines transports repatriated German and EU citizens

Vietnam Airlines (VNA) conducted two special flights carrying about 600 passengers from Việt Nam to Frankfurt, Germany, repatriating German and EU citizens on Monday and Wednesday.

European enterprises hit hard by COVID-19, says BCI

The global COVID-19 pandemic has had a significant, negative impact on European business in Việt Nam, according to the latest Business Climate Index (BCI) from the European Chamber of Commerce (EuroCham).

Few pharma firms eye big earnings growth in 2020

Pharmaceutical firms are not entirely confident with performance in 2020 as the pandemic COVID-19 has turned the global supply chain up-side-down.

German firms optimistic about VN economy’s recovery in the medium-term

German enterprises were optimitic about the medium-term recovery of the Vietnamese economy, according to the AHK World Business Outlook 202.

Ninh Thuận vows to facilitate renewable energy projects

Initially, the committee requested relevant departments and sectors to assist Trung Nam Group in completing procedures so that the enterprise can start construction of a 450MW solar power plant in Phước Minh Commune this month, the chairman said.

Realty firms try their best to cope with COVID-19

Cutting costs and restructuring products are what many real estate firms are doing to deal with difficulties caused by COVID-19.

Solutions should prioritise maintaining industrial production: ministry

The Ministry of Industry and Trade has said the most important priority at present is to maintain the operation of domestic industrial enterprises during the novel coronavirus pandemic.

Commercial banks cut profit target amid COVID-19 pandemic

Many banks in Việt Nam have reduced their profit target for 2020, and plan to support companies severely impacted by the COVID-19 pandemic.

Tra fish exports to US, China rise in March

Việt Nam’s tra fish exports to some major markets like the US and China are gradually increasing though the fisheries industry is still struggling to cope with the fallout of the Covid-19 pandemic.

VASEP requests support for seafood exporters

The Việt Nam Association of Seafood Exporters and Producers (VASEP) on Tuesday asked the Ministry of Finance to offer support to its members amid the coronavirus outbreak.

INCHAM supports Government with $12,800 donation in COVID-19 fight

The Indian Business Chamber in Việt Nam donated VNĐ300 million (US$12,816) to the HCM City Department of Health on April 6 to support the fight against the COVID-19 pandemic.

Shares recede on worries of foreign selloffs

Shares continue to advance on Tuesday but receded from Monday’s peak due to prolonged foreign net selling amid fears of a slowdown in the global economy.

16,000 businesses still need Ministry of Finance rescue

About 16,000 businesses are not included in the Ministry of Finance’s support package on tax and land rent.

MoIT proposes to resume rice exports

The Ministry of Industry and Trade (MoIT) has asked the Government to resume rice exports. However, the export volume would be limited at 800,000 tonnes for April and May.

Hà Nội retail property market faces difficulties in Q1: JLL

The Hà Nội retail property market faced a lot of difficulties in the first quarter this year due to the impact of the novel coronavirus (COVID-19) pandemic, according to Jones Lang Lasalle Vietnam Co, Ltd (JLL).

Taseco Airs profit to fall by 90 per cent due to COVID-19

Thăng Long Air Services Corporation (Taseco Airs) estimates its profit will plummet by 90 per cent due to the COVID-19 pandemic.

COVID-19 ravages economy of central Việt Nam

While VNĐ1.1 trillion (US$48 million) of public investment was disbursed in the first quarter, foreign direct investment (FDI) in Đà Nẵng fell 80 per cent compared to the same period last year.

Hà Nội promotes cashless payment, e-commerce

Under a plan recently issued by the municipal People’s Committee, the capital city targets that 90 per cent of modern retailers and water, electricity and telecommunications services providers together with 25 per cent of petrol stations would accept cashless payments by the end of this year.