Việt Nam News

Vinaconex corporation has registered to divest all of its 16 million shares in Vinaconex Power Investment Construction and Development JSC.

The National Payment Corporation of Vietnam (NAPAS) announced exemptions and reductions on service fees on electronic switching for local banks.

All cars providing passenger transportation services via ride-hailing applications will be treated like taxis from the beginning of April, when the pilot project for tech-based cars ends.

The Ministry of Construction has forecast cement demand will increase by 4-5 per cent this year thanks to a recovery in the real estate market.

Textile stocks have been on an temporary upswing thanks to the recent ratification of the EU-Việt Nam Free Trade Agreement (EVFTA) but textile enterprises still face difficulties due to heavy dependence on imported raw materials and machinery as well as reduced demand worldwide.

Vietnamese shares edged down on Monday as investors remained cautious despite positive movements in regional markets.

Trần Thị Thu Trang, director-general of Hanel PT, an electronics maker in northern province Bắc Ninh said her company had given up on seeking access to the preferential credit policies after extensive research.

The respiratory epidemic caused by the novel coronavirus (COVID-19) has highlighted an urgent need for Việt Nam to boost its economic restructuring and diversify its markets.

Falling one place to 11th in the global index of emerging logistics markets, Việt Nam was still seen as a clear winner in the US-China trade war.

Some large livestock companies have reduced pork prices to an average of VNĐ75,000 per kilo, Minister of Agriculture and Rural Development Nguyễn Xuân Cường said after visiting the firms on February 16.

Citibank and INGbank will be in charge of arranging capital for the Nhơn Trạch 3 and 4 thermal power plants, according to a recent agreement signed between PetroVietnam Power Corporation (PV Power) and the two foreign banks.

Since the new coronavirus epidemic will surely affect exports to China, diversifying markets is an urgent requirement for Vietnamese rice exporters, experts have said.

Vietnamese companies, many of whom are facing a shortage of feedstock and raw materials as a result of the new coronavirus outbreak in China, have started looking at alternative sources. 

Transport companies have been hit by the novel coronavirus.

Amid the fourth industrial revolution many property developers in Việt Nam are seeking to adopt digital technology both for enterprise management and in their projects.

Việt Nam’s industrial sector in the first quarter is projected to grow 2.68 per cent compared to the same period last year if the novel coronavirus outbreak is brought under control, according to the General Statistics Office (GSO).

Brokerage firms and market experts remain pessimistic about market trading this week as investors are running out of supportive information while international stocks continue being weighed down by the novel coronavirus (COVID-19)-related concerns.

Dairy firm Vinamilk’s CEO Mai Kiều Liên on Saturday was voted by GTNFoods JSC’s shareholders to become the chairwoman of the latter.