Việt Nam News

Tourism companies witnessed revenues dwindling in the second quarter due to border closures and international flight bans amid the COVID-19 pandemic.

Senior finance officials of ASEAN+3 countries on Wednesday reviewed progress in the implementation of new initiatives under the strategic directions of the ASEAN+3 Financial Cooperation Process.

NextTech Group and Next100.tech fund on Tuesday officially announced their investment of US$500,000 into Computer Vision Vietnam (CVS eKYC) – a start-up providing artificial intelligence (AI) and computer vision solutions for financial technology companies (fintech).

The Việt Nam Motor Show 2020, which was set to be held from October 28 to November 1 this year, has been cancelled due to the complex developments of the COVID-19 pandemic.

As the EVFTA has been coming into effect since August 1, 2020, the number of intellectual property rights (IPR) infringement and dispute cases shall surge, therefore investors and companies of both the EU and Việt Nam should pay attention to the protection of IPRs, to ensure business operation runs smoothly and to avoid unnecessary and prolonged disputes.

VPBank and the International Finance Corporation (IFC), a member of World Bank, has signed a credit contract worth US$100 million to support customers, especially small-and-medium sized enterprises (SMEs) facing difficulties caused by the COVID-19 pandemic.

On the global gold exchange Kitco, gold prices hit $2,016 ($2,429 per tael).

According to the firm, last month it exported 53,500 tonnes of steel, double the volume in the same period last year.

Việt Nam has seen a digital wave in the finance-banking industry, with many lenders investing significantly in digitisation, experts have said.

Viettel Global, a foreign investment unit of telecoms giant Viettel, posted a before-tax profit of VNĐ1.17 trillion (US$50.7 million) in the first half of this year, equivalent to the same period last year.

The common retail power price is expected to be applied at the beginning of next year together with the current tiered pricing mechanism, said Deputy Minister of Industry and Trade Đỗ Thắng Hải.

Through 21 Government bond auctions on the Hà Nội Stock Exchange (HNX) in July, the State Treasury raised more than VNĐ58.67 trillion (US$2.5 billion), up 80 per cent against June.

As the new wave of the virus has made economic recovery and development more difficult, experts and the business community have asked the Government for more help.

Multiple tra fish companies suffered losses due to falling export prices and lower orders, focusing instead on the domestic market amid the COVID-19 pandemic.

Producers and distributors of essential goods are striving to ensure sufficient supply amid the return of COVID-19.

The State Bank of Việt Nam has approved Asia Commercial Bank (ACB)’s plan to raise its charter capital from VNĐ16.6 trillion (US$721 million) to VNĐ21.6 trillion.

Việt Nam is expected to continue growing its share of global exports despite declining amid the resurgence in the COVID-19 pandemic after three months of no local transmissions, according to an HSBC report.

Vietnamese shares extended gains on Tuesday, led by insurance and pharmaceuticals amid the rise of coronavirus infections across the country.