Việt Nam News

The recognition highlighted Thai Vietjet’s achievements in fleet and new destination growth.

Top Vietnamese internet company, VNG Corporation, is eyeing new fintech solution partners at Enterprise Singapore (ESG)’s inaugural Southeast Asian Open Innovation Challenge at the Singapore Week of Innovation and Technology 2020 (SWITCH 2020) from December 7 to 11.

BCG Energy, a subsidiary of Bamboo Capital Group, and Leader Energy Pte Limited, an energy corporation headquartered in Singapore, signed an agreement on investment and co-development in renewable energy on Saturday.

The Ho Chi Minh City Development Commercial Joint Stock Bank (HOSE: HDB) has been named among the Top 10 Large Cap Companies with Outstanding Annual Reports at the 2020 Việt Nam Listed Companies Awards organised by the Ho Chi Minh Stock Exchange, Hanoi Stock Exchange and Investment Review newspaper.

Việt Nam's shrimp exports to the EU recovered from the beginning of the third quarter of this year thanks to the positive impact of the EVFTA, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).

Companies in the supporting industry will get an interest rate subsidy from next year in an effort to promote the development of the part-supply industry, said Phạm Tuấn Anh, Deputy Director of Industry Agency under the Ministry of Industry and Trade.

The exhibition industry is expected to start recovering by the middle of next year and rebound in 2022 if the Covid-19 pandemic is brought under control in the next few months, industry insiders said.

The Cửu Long (Mekong) Delta has recently attracted many large projects worth trillions to tens of trillions of đồng, which are promoting economic development there.

Việt Nam’s largest rubber corporation logged a total of VNĐ9.28 trillion (nearly US$400 million) from leasing its properties to companies, ndh.vn reported.

The HCM City Department of Industry and Trade has proposed a project to develop logistics from now through 2025 under which seven logistic centres will be set up and the city’s infrastructure overhauled.

BUSINESS BEAT

Representatives of almost 30 Korean firms have been seeking investment opportunities in the Đà Nẵng Hi-tech Park after paying a field visit to the new operated surface-mount technology (SMT) factory on December 4.

The Finnish investment firm Pyn Elite Fund has reported its net asset value increased by 11 per cent in November and a total of 15.9 per cent so far this year.

Although Việt Nam's stock market has experienced five consecutive weeks of gains with record-high liquidity, analysts said investors’ caution and the uptrend would weaken as the VN-Index approaches the resistance level of 1,030 points.

Digital transformation will help enterprises in HCM City’s industrial zones (IZs) and export processing zones (EPZs) improve their competitive advantage in global economic integration by increasing productivity and improving operational efficiency, experts have said.

Since the outbreak of the COVID-19 pandemic in January, the State Bank of Việt Nam (SBV) has slashed rates three times.

There have been rapid developments in Việt Nam's digital payment ecosystem in recent years due to efforts made by the Government to digitalise transactions in the public sector, a top central bank official has said.

In the past 30 years since the establishment of the Vietnam Cashew Association (Vinacas), cashew exports have reached more than US$31 billion.