Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

PM approves programme to promote the development of supporting industry

No significant impact of EU’s border closure on goods circulation: official

The European Union (EU)’s lockdown of its borders to the stop the spread of the novel coronavirus (COVID-19) pandemic had not yet had a significant impact on goods circulation, an official from the Ministry of Industry and Trade said to Việt Nam News Agency.

Gold prices and US rates go up in the market

Global and local gold prices increased on March 18 when the forex rate of US notes went up at most local banks.

Pandemic causes companies to delay annual general meetings

The outbreak of COVID-19 has caused a number of large enterprises to postpone their arrangements for the annual general meeting of shareholders (AGMs) in 2020.

HDBank joins fight against Covid-19

Fifteen banks and a finance company have donated VNĐ140 billion (US$8.5 million) to support the fight against the Covid-19 pandemic and help people suffering from drought and saltwater intrusion in rivers around the country.

Việt Nam jumps 23 places in economic freedom index

Việt Nam jumped 23 places from last year to reach 58.8 points, ranking 105th place in the economic freedom index this year.

Aviation industry asks for tax break due to COVID-19

The Ministry of Transport has proposed Prime Minister Nguyễn Xuân Phúc cut several taxes and service prices for the aviation industry, which is being heavily affected by the COVID-19 pandemic.

KTG Industrial starts construction of Nhơn Trạch 3B Industrial Centre phase 2

KTG Industrial, a subsidiary of the KTG Group focusing on industrial development, on March 17 broke ground for the construction of Nhơn Trạch 3B Industrial Centre phase 2 project at the Nhơn Trạch 3 Industrial Zone in Đồng Nai Province.

ABBANK launches promotion for Visa contactless cards

An Bình Commercial Joint Stock Bank (ABBANK) has launched the "Cashless payment - Instant cash back" promotion programme for its Visa contactless cardholders.

Digital transformation expected to boost export of forestry products

Việt Nam’s export value of wood and wood products reached US$1.53 billion in the first two months of this year, marking a year-on-year increase of 10.1 per cent, according to a report by the Ministry of Agriculture and Rural Development.

Ministry makes int’l accounting rules compulsory after 2025

The Ministry of Finance on Monday issued a decision regulating the roadmap for the application of International Financial Reporting Standards (IFRS), replacing the current Vietnamese accounting standards (VAS).

Việt Nam’s garment exports down in two months

Việt Nam saw a year on year reduction of 3.5 per cent in garment exports of the first two months this year to US$5.3 billion due to the impact of the novel coronavirus (COVID-19) outbreak.

Quảng Bình pushes development of B&T wind farm cluster

Expected to cost more than VNĐ8.9 trillion (US$382 million), the Philippines-invested cluster combines two farms.

Experts optimistic about industrial property prospects

Experts are optimistic about industrial property development prospects in Việt Nam, given the country’s rapid integration and improving investment climate.

HCM City asks enterprises to keep prices stable

The HCM City People’s Committee has asked enterprises participating in the price stabilisation programme to increase the amount of goods in the market this year.

Delay forecast for banks’ capital hike plans

The Government’s plans to increase capital for large State-owned commercial banks in the first quarter of this year could be delayed due to the Covid-19 outbreak, analysts predicted.

Đồng Nai to support coronavirus-affected firms

Statistics from the provincial Department of Industry and Trade revealed that the import turnover of local businesses marked a yearly decrease of 9 per cent to US$2.1 billion in the first two months of this year.

VN-Index slides as foreign selling outclasses cheap purchases

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) fell 0.28 per cent to end at 745.78 points.

Safety assessment of Cát Linh-Hà Đông urban railway to be completed soon

The Cát Linh-Hà Đông urban elevated railway, Hà Nội’s first metro project, will be certified as safe for operation soon, according to a representative of the Railway Project Management Unit under the Ministry of Transport (MoT).

Banks, insurers and firms work together to protect the community

During the COVID-19 pandemic, some local banks, insurers and firms have worked together to help further protect the community with different anti-coronavirus packages.

VPBank, Fe Credit donate VNĐ15 billion for fight against COVID-19

Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) and its subsidiary Fe Credit decided to contribute VNĐ15 billion (US$646,500) to the fight against the novel coronavirus (COVID-19) pandemic.