Việt Nam News

Minister of Agriculture and Rural Development Nguyễn Xuân Cường said that the ministry would ask 17 big animal husbandry companies to reduce pork prices to reasonable levels.

The State Bank of Viet Nam (SBV) on Tuesday ceased the issue of bills to withdraw money out of the banking system for the first time in nearly two months.

Cement producers in Việt Nam are facing a double challenge with domestic demand falling due to a slowdown in the property market and delays in transport infrastructure works and exports declining due to the Covid-19 epidemic.

The fourth industrial revolution (Industry 4.0) has a great impact on the human resources of the banking sector, according to the general director of Việt Nam Prosperity Joint Stock Commercial Bank (VPBank).

The demand for packaging paper is expected to grow 14-18 per cent per year in the next five to ten years, said the Việt Nam Pulp and Paper Association.

Regulating household businesses in Việt Nam is posing several problems as lawmakers debate whether the rules should be included in the amended Law on Enterprise or developed into separate legislation.

The Ministry of Industry and Trade has asked rice traders to strictly maintain a reserve equivalent to at least five per cent of their export volume in the six most recent months as well as enhancing efforts of price stabilisation in the domestic market amid ongoing global uncertainties.  

The Việt Nam Oil and Gas Group (PVN) said it had surpassed its oil and gas exploitation target by 11.5 per cent in the first two months of this year.

Việt Nam will reduce the total capacity of coal-fired thermal power plants from 2020 until 2030, according to the National Steering Committee for Electricity Development.

Private-equity bank shares have performed well amid fears of COVID-19 in the last five weeks.

Investors calmed down on Tuesday after a crash in the previous sessions, led by recovery of some major large-cap stocks.

Việt Nam’s 12 priorities as ASEAN Chair in 2020 were approved by other member countries at the 26th ASEAN Economic Ministers (AEM) Retreat and the ASEAN Business Advisory Council (ASEAN-BAC) Consultation Meeting on Tuesday.

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

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

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 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).