Việt Nam News

In the first quarter of the year, Việt Nam foreign investors acquired stakes worth US$2 billion in local companies.

Smartphone users will soon be able to use facial recognition to unlock their devices - without removing their face masks.

Despite the impact of the COVID-19 pandemic in the first quarter, construction businesses still firmly believe bright growth lies ahead for the rest of the year.

FPT Corporation achieved revenue of VNĐ6.63 trillion (US$282.6 million) and pre-tax profit of VNĐ1.14 trillion ($48.6 milion) in the first quarter of the year, a year-on-year increase of 17 per cent and 18.9 per cent, respectively, surpassing 2 per cent of its target.

The Bình Thuận Province People’s Committee has asked departments and districts to work with investors to hasten the progress of projects that received in-principle licences or signed memorandums of understanding with the province last year.

The reluctance to use cash and come to crowded places such as markets or supermarkets has significantly changed consumption and payment habits.

An interdisciplinary inspection team led by the Ministry of Industry and Trade has been established to work with agencies to determine how much rice is stuck at ports so that the ministry can come up with an appropriate rice export plan. 

Phạm Văn Công, Chairman of the Việt Nam Cashew Association (Vinacas), has said the cashew industry will struggle to achieve its export target of US$4 billion this year due to the novel coronavirus (COVID-19) pandemic.

With Covid-19 and trade tensions driving the shift of production lines from China to Southeast Asia, Việt Nam, in particular, seems to have emerged as an attractive destination for investors and manufacturers alike, experts have predicted. 

The HCM City People’s Committee chairman Nguyễn Thành Phong held a meeting with the heads of various government departments to discuss how to rescue real estate projects that have been delayed due to various difficulties.

The State Bank of Việt Nam in HCM City has set up a hotline (028) 38.211.230 to provide assistance to enterprises, especially for those badly affected by the COVID-19 pandemic.

Stronger profit-taking is expected in coming days as the benchmark VN-Index is on track to touch 800 points again and that short-term peak will be an opportunity for investors to realise their profits.

A Japanese total solutions company that concentrates on fashion and beauty is moving to Việt Nam.

The trading floor vnshop.vn was launched on Saturday by CIB Corporation to help local authorities, manufacturing companies, logistic companies and consumers suffer less from virtual demand and supply fluctuations.

Long An Province has called on the Ministry of Industry and Trade to scrap all restrictions on the export of sticky rice since it has around 56,000 tonnes of stocks.

Though the COVID-19 pandemic has cast a shadow over the global economy, the HCM City office space market has not been badly affected this year, according to property consultancy companies.

Phú Nhuận Jewellery JSC (PNJ), the largest jewellery retailer in Việt Nam, reports revenue up 5 per cent but profit down 4 per cent in the first quarter of this year.

Investments in companies with strong finances help safeguard returns during market crises because businesses with ample cash will be better able to cope with challenges and recover faster than others.