Việt Nam News

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.

The Asian Development Bank (ADB) signed a US$37.8 million loan deal with TTC Energy Development Investment Joint Stock Company (TTC Energy) to provide long-term financing to develop and operate a 50-megawatt (MW) photovoltaic solar power plant in the southern province of Tây Ninh.

Việt Nam raked in US$5.3 billion in foreign direct investment (FDI) in the first 20 days of 2020, a year-on-year surge of 179.5 percent, according to the Ministry of Planning and Investment.

Masan Consumers Joint Stock Company and the Vietnam Cuisine Culture Association have organised a charity programme, Tết trẻ em (Children's Lunar New Year).

HCM City will continue to promote the development of information and communications technology to develop into an innovative smart city and improve living conditions, authorities have said.

Việt Nam had 8,276 new enterprises established in the first month of 2020, down 17.9 per cent year-on-year, but the total registered capital of the enterprises surged sharply by 76.8 per cent to VNĐ267 trillion (US$11.46 billion), the highest growth rate in four years, the General Statistics Office (GSO) reported.

The agriculture sector this year is targeting gross domestic product (GDP) growth of 2.9-3 per cent and export value of agricultural, forestry and fishery products of US$42 billion.

Việt Nam’s consumer price index (CPI) in January hit a record high, up 1.23 per cent over the previous month and 6.43 per cent year on year, according to the General Statistics Office (GSO).

Improving labour productivity is vital for Vietnamese businesses in the context of Industry 4.0, with rapid increases in digitalisation, robotisation and intelligent automation, experts said.

With a growing middle class and high GDP growth, Việt Nam has become an ideal market for foreign fruit exporters, experts have said.

Brian Spence explains how his old and new homelands are increasingly converging in the investment sphere, particularly in renewable energy.

The market is forecast to maintain its uptrend during the first sessions in the year of the rat, according to securities companies and experts.

Local banks may increase their pre-tax profits by 22.5 per cent on-year in 2020, SSI Securities Corporation's research unit has forecast.

The condo market in HCM City is expected to face challenges this year, according to industry experts.

The new route aims to meet the travel demand in spring, cutting flying time and travel costs. Not only connecting the two most attractive cultural tourism destinations in Asia, it promotes further co-operation among countries in the ASEAN bloc, Vietjet chairwoman Nguyễn Thanh Hà said at the opening ceremony.

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

The Ministry of Finance plans to hasten tax and customs administrative reforms this year to improve the business climate.

Trading liquidity is key to luring foreign capital into the Vietnamese stock market in 2020 when the local equity market is being weighed down by negative ratings and global developments.