Việt Nam News

The Government Office has instructed the Ministry of Planning and Investment, the Ministry of Finance, the Ministry of Transport and the State Bank of Vietnam to study a proposal by the Vietnam Aviation Business Association (VABA), in which the airline industry is to gain access to VND25 trillion of zero-interest loan.

Several business associations in HCM City have called for scrapping a requirement that workers commuting to the city from elsewhere need to undergo a weekly test for COVID-19 regardless of their vaccination or recovery status.

The market inched higher on Wednesday, extended rallies as investors’ risk appetite improved in the late session, boosting many large-cap stocks to move higher. 

VPBank has launched VPBank Prime, the first financial brand in Vietnam dedicated to the young generations.

Thousands of workers in the southern province of Đồng Nai returned to work on Tuesday (Oct 5) after a three-month furlough due to COVID-19.

Garment products from Taiwan (China) are being showcased at the Taiwan Textile Roadshow, opening in the capital city on Wednesday in the Hà Nội International Exhibition Centre at 91 Trần Hưng Đạo Street.

Sacombank has tied up with Visa to offer Visa Direct Outbound, which allows customers to transfer money from their debit cards to an overseas card, making it the first bank in Việt Nam to offer this service.

Recent rumours spreading on social media on Nike’s moving production out of Vietnam to China and Indonesia are incorrect, stated Phan Thị Thanh Xuân, deputy chairwoman and general secretary of the Vietnam Leather and Footwear Association (Lefaso).

Việt Nam Oil and Gas Group (Petrovietnam) attended the World Energy Week 2021 organised by the World Energy Council (WEC) from October 5-7.

Amid the COVID-19 pandemic, cyber criminals have taken advantage of the attention of the whole society to increase cyber attacks, spread malware and scams.

HCM City has instructed Thủ Đức City and districts 8 and Hóc Môn to prevent unauthorised shops near wholesale markets since it makes it hard to ensure pandemic prevention measures are followed.

In steel sector, several enterprises such as Hoa Sen Group (HSG) survive the COVID storm thanks to their export markets. 

The Trade Remedies Authority of Vietnam (TRAV) have warned that Vietnamese products are at risking of falling foul of anti-dumping and trade defence investigations. 

Calendar producers in HCM City have resumed work after the city lifted its lockdown to ensure they can supply the domestic and foreign markets for the upcoming New Year.

The State Capital Investment Corporation (SCIC) is expected to divest capital from six major enterprises in the first quarter of next year, fetching between VNĐ15 trillion and VNĐ20 trillion (US$652-870 million) for the State budget.

The outlook for Việt Nam’s emerging liquefied natural gas (LNG) sector remains promising as the country’s need for the product is large to serve its power development plan, according to Fitch Solutions.

Companies in HCM City and other industrial hubs like the neighbouring provinces of Bình Dương and Đồng Nai are struggling with a labour shortage after the pandemic.

The market extended gains on Tuesday as a strong injection of cash was poured into a series of banking and real estate stocks, propelling the indices.