Việt Nam News

As aviation companies continue to struggle because of Covid-19, other areas of transport are also being hit hard.

Seafood processing business Hùng Vương has cut its revenue target by 8 per cent from the last projection to more than VNĐ11.5 trillion (US$495 million) for the 2020 financial year.

Việt Nam’s audit industry has been woking hard to develop information technology to catch up with global trends, said a representative from the State Audit Office of Việt Nam (SAV).

Hospitality business Vinpearl and aviation firm Bamboo Airways on Thursday signed a strategic partnership pact to improve the tourism sector.

The Government has asked the Ministry of Planning and Investment to build a project on developing large-scale State-owned enterprises (SOEs) to promote their role in the country’s socio-economic development.

Deputy Prime Minister Trịnh Đình Dũng has just signed Decision No 301/QĐ-TTg approving the overall adjustment task of the Southeastern Nghệ An Economic Zone by 2040.

The State Capital Investment Corporation (SCIC) plans to achieve revenue of more than VNĐ6.9 trillion (US$298.5 billion) this year.

Construction of Mỹ Thụy Port, valued at VNĐ14.23 trillion (US$611 million), kicked off in the central province of Quảng Trị’s Hải Lăng District on Thursday.

TIBCO Software opened an engineering office in Hà Nội on Wednesday.

Thailand-based conglomerate Central Group, through its subsidiary, has taken the control of the Vietnamese electronics retailer Nguyễn Kim.

Vietnamese electronics makers have until the end of this quarter to find alternative sources for their input materials as inventories run low and supply would likely remain disrupted due to outbreaks of novel coronavirus (COVID-19) in China and S. Korea

Ministries are working to convince Prime Minister Nguyễn Xuân Phúc to amend divestment plans at some large State-owned enterprises (SOEs).

Việt Nam needs to focus on improving business conditions to ensure deregulation really benefitted businesses, heard a conference held by the Central Institute for Economic Management (CIEM) on Thursday in Hà Nội.

The unsatisfactory figures were attributable to the Lunar New Year holiday and the Covid-19 epidemic that have affected the travel of foreign investors as well as their decisions in developing new investment projects and expanding existing projects in Việt Nam, it said.

VN-Index maintained a downward trend in the morning but recovered in the afternoon thanks to the growth of some individual large-cap stocks.

Africa and the Middle East offer opportunities for Việt Nam to boost exports of farm produce with their large demand, especially for fruits and vegetables, according to the Ministry of Industry and Trade.

The Việt Nam Business Forum (VBF) on Thursday launched the second edition of the Made in Việt Nam Energy Plan (MVEP 2.0) which recommends a diversified energy system prioritising domestic energy resources.

The agency said restaurant and catering services received the lion's share of Vietnamese investment at $14.3 million, 48 per cent of the total. The manufacturing and processing sector ranked second with $8.9 million or 29.4 per cent, followed by the wholesale and retail sector, logistics and other services.