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Việt Nam speeds up electricity market reforms, eco-industrial park development

Commercial banks cut profit target amid COVID-19 pandemic

Many banks in Việt Nam have reduced their profit target for 2020, and plan to support companies severely impacted by the COVID-19 pandemic.

Tra fish exports to US, China rise in March

Việt Nam’s tra fish exports to some major markets like the US and China are gradually increasing though the fisheries industry is still struggling to cope with the fallout of the Covid-19 pandemic.

VASEP requests support for seafood exporters

The Việt Nam Association of Seafood Exporters and Producers (VASEP) on Tuesday asked the Ministry of Finance to offer support to its members amid the coronavirus outbreak.

INCHAM supports Government with $12,800 donation in COVID-19 fight

The Indian Business Chamber in Việt Nam donated VNĐ300 million (US$12,816) to the HCM City Department of Health on April 6 to support the fight against the COVID-19 pandemic.

Shares recede on worries of foreign selloffs

Shares continue to advance on Tuesday but receded from Monday’s peak due to prolonged foreign net selling amid fears of a slowdown in the global economy.

16,000 businesses still need Ministry of Finance rescue

About 16,000 businesses are not included in the Ministry of Finance’s support package on tax and land rent.

MoIT proposes to resume rice exports

The Ministry of Industry and Trade (MoIT) has asked the Government to resume rice exports. However, the export volume would be limited at 800,000 tonnes for April and May.

Hà Nội retail property market faces difficulties in Q1: JLL

The Hà Nội retail property market faced a lot of difficulties in the first quarter this year due to the impact of the novel coronavirus (COVID-19) pandemic, according to Jones Lang Lasalle Vietnam Co, Ltd (JLL).

Taseco Airs profit to fall by 90 per cent due to COVID-19

Thăng Long Air Services Corporation (Taseco Airs) estimates its profit will plummet by 90 per cent due to the COVID-19 pandemic.

COVID-19 ravages economy of central Việt Nam

While VNĐ1.1 trillion (US$48 million) of public investment was disbursed in the first quarter, foreign direct investment (FDI) in Đà Nẵng fell 80 per cent compared to the same period last year.

Hà Nội promotes cashless payment, e-commerce

Under a plan recently issued by the municipal People’s Committee, the capital city targets that 90 per cent of modern retailers and water, electricity and telecommunications services providers together with 25 per cent of petrol stations would accept cashless payments by the end of this year.

Bank credit growth recovers partly in March

Despite being still slow, credit growth of the banking system in March recovered partly compared with the first two months of this year.

NextTech invests in chatbot platform

NextTech Group on Monday announced it will invest US$500,000 into Chatbot Việt Nam Technology Joint Stock Company, which runs Bot Bán Hàng – a chatbot platform for sellers and advertisers in Việt Nam.

Việt Nam issues list of special preferential tariffs for goods imported from Cuba

The Government has recently issued a list of Việt Nam’s special preferential import tariffs to implement the Việt Nam – Cuba Free Trade Agreement from now until 2023.

State-owned enterprises face VNĐ3.7 trillion loss in Q1 due to COVID-19

Nineteen State-owned groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) incurred losses worth more than VNĐ3.7 trillion (US$160 million) in the first quarter of this year due to the impacts of the COVID-19 pandemic.