Việt Nam News

Two investment funds have cut their stakes at Asia Commercial Joint Stock Bank (ACB) after the lender saw its market value soar in the last three months.

Swedish food processing and packaging solutions provider Tetra Pak has cooperated with MM Mega Market Vietnam to launch public drop-off stations for collecting used beverage cartons at seven MM Mega Market centres in HCM City and Hà Nội in 2020.

Trung Nam Group officially put into operation the first surface-mount technology (SMT) factory at the Đà Nẵng Hi-tech Park after three months of construction during a ceremony on Saturday (October 17).

The Covid-19 pandemic has worsened the shortage of cold storage space in HCM City and surrounding areas as goods pile up as a result of lack of demand.

Vietnamese businesses could increase exports to India by US$633 million annually, the Standard Chartered Trade Opportunity Report has revealed. The study also found that Indian exporters could boost trade with Việt Nam by an estimated $475 million, bringing the bilateral trade opportunity to $1.1 billion.

A press release of the republic’s government said Udmurtia has high hope for cooperation with Việt Nam. The webinar, entitled Udmurtia Calling, is part of a series of similar events which have already been held in Germany and Italy.

The imported pork and declining meat consumption have pushed pork prices down, helping stabilise the consumer price index.

BUSINESS BEAT

With a total investment capital of VNĐ2.54 trillion (US$109.7 million), the project comprises a 63.7ha dairy farm, set to raise 10,000 cows, and a processing plant with an annual capacity of 49,000 tonnes of milk.

Securities firms and analysts are getting pessimistic about the market’s short term trend.

Vietjet launched a special promotion campaign with more than two million super-saving Eco tickets up for grabs

While the commercial 5G network is not yet operational in Việt Nam, local tech firms are exporting their 5G technology to the world.

Viettel Telecom hopes to transform into a digital telecom enterprise with the leading customer service and experience in Việt Nam.

To cope with the COVID-19 pandemic, Boeing has sped up its ecoDemonstrator programme to support its partner airlines, including those in Viet Nam.

Việt Nam’s export goods face more trade remedies in the process of deep economic integration, so the Ministry of Industry and Trade has developed solutions for the situation.

The Việt Nam Nutrition Food JSC (NutiFood) has announced that its soymilk products are now available in 450 Walmart supermarkets across China, making it the first Vietnamese milk brand to be accepted by the US-based multinational retail chain.

Multi-sectoral conglomerate Hoà Phát Group posted highest ever quarterly revenue of VNĐ24.9 trillion in the third quarter of this year, up 62.7 percent year on year.

Việt Nam must maintain its growth momentum in the next two decades in order to escape the middle-income trap by 2045 - a key objective set by the government's development vision for 2030 - and the only way to do so to invest in the development of science and technology, said economists and policymakers.