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PM approves programme to promote the development of supporting industry

Safeguard measures on imported fertilisers extended until 2022

The Ministry of Industry and Trade (MoIT) has decided to extend the imposition of safeguard measures on several imported fertilisers for the next two years.

VinFast opens 18 service centres in Việt Nam

VinFast Trading and Production LLC, a subsidiary of Vietnamese conglomerate Vingroup, opened 18 service centres at Vincom centres across the country on March 8.

Local Vsmart phones reports better sales than Apple in retail channel

Phones made by local manufacturer Vsmart have surpassed those of US giant Apple, in terms of retail revenue in the Vietnamese market in January.

Foreign investors withdraw $147.7m in 20 days

Foreign investors have net sold a total of VNĐ3.4 trillion (US$147.7 million) in the last 20 trading days.

TAB proposes halving tax for tourism businesses

The Việt Nam Tourism Advisory Board (TAB) has proposed to half value added tax for the tourism sector from 10 per cent to 5 per cent to help businesses deal with the coronavirus outbreak.

Property firm projects revenue to jump 3.5 times in 2020

Property developer LDG Investment JSC hopes its total revenue in 2020 will jump 3.5 times from 2019's figure to VNĐ2.75 trillion (US$119.3 million).

Việt Nam a world leader in having women in top corporate positions

Việt Nam has a greater percentage of women in senior leadership positions than the global average, according to Grant Thornton’s International Business Report.

PV Gas South to buy out joint-venture

PetroVietnam Gas South JSC (PGS) has decided to buy out the Vietnam LPG Co Ltd (VT-Gas) for VNĐ1,000 (US$0.043).

State treasury earns $216.6m from bond sales

The State Treasury last week raised VNĐ5 trillion (US$216.6 million) through bond issuance with interest rates losing 11-37 basis points per annum on four terms.

Consumer goods abundant, prices stable, HCM City supermarkets assure

Supermarkets in HCM City have worked with suppliers to ensure there is sufficient supply of goods at steady prices for the next two to three months, diminishing public fear of shortages.

VN-Index plunges 6.3 per cent on worst day in 19 years

Việt Nam’s benchmark VN-Index plummeted 6.28 per cent on Monday, its worst daily loss in the last 19 years, as investors were alarmed with widespread slumps on the global markets.

BIDV clears bad debts at VAMC

The Bank for Investment and Development of Vietnam (BIDV) has cleared all non-performing loans it had previously sold to the Việt Nam Asset Management Company (VAMC), the bank’s chairman Phan Đức Tú said.

Việt Nam imports 66,000 tonnes of meat in two months

Việt Nam imported nearly 66,000 tonnes of meat in the first two months of this year, according to the Ministry of Agriculture and Rural Development.

Cybersecurity in Việt Nam saw positive changes in 2019

The number of detections of web threats in Việt Nam fell by more than 30 per cent last year compared to 2018, with 75 million different Internet-borne cyberthreats, according to Kaspersky Security Network (KSN) 2019.

Banks cut savings rates to ensure lower-interest loans amid Covid-19 epidemic

A number of commercial banks have lowered their interest rates on savings accounts by 0.1-0.4 percentage points in order to offer loans at a lower interest rate to businesses and individuals affected by the Covid-19 outbreak.

VNPT to build intelligent operation centre in Kon Tum

VNPT will build an intelligent operation centre (IOC) in the Central Highlands province of Kon Tum and expects to put it into operation in October.

COVID-19 outbreak to cost Việt Nam 0.41% of GDP: ADB

Việt Nam is forecast to lose some 0.41 per cent of GDP due to the novel coronavirus (COVID-19) outbreak, according to the latest report of the Asian Development Bank (ADB).

HCM City records $480m of FDI in first two months

More than US$480 million worth of foreign direct investment (FDI) was poured into HCM City during the first two months of the year, which was equal to 47 per cent of FDI in the same period last year.

Russia to import Việt Nam’s processed chicken

The Russian Federal Service for Veterinary and Phytosanitary Surveillance (VPSS) has allowed the import of Việt Nam’s processed chicken into Russia, according to the Ministry of Agriculture and Rural Development’s Department of Animal Health on Sunday.