Việt Nam News

Some banks are speeding up the recovery of non-performing loans (NPLs) this year despite the impacts of the COVID-19 pandemic.

Nguyễn Anh Đức, general director of Saigon Co.op, said the rate of cashless payment at its system, including Co.opmart, Co.opXtra, Co.op Food, and Co.op Smile, has increased sharply since last year from 3-5 per cent to nearly 21 per cent now.

CapitaLand Limited has appointed a new CEO in its core market of Việt Nam as part of its ongoing leadership development and renewal process. 

Though export turnover in the first half decreased, the ministry is still determined to reach the target of total export turnover of $41 billion for 2020.

Administrative procedure reform is the key to unlocking the full potential of the Europe-Việt Nam Free Trade Agreement (EVFTA), said participants at a conference on Tuesday.

Prime Minister Nguyễn Xuân Phúc has approved a list of 124 State-owned enterprises (SOEs)  for divestment this year.

Masan Group Corporation (HOSE: MSN) targets net revenues of VNĐ75-85 trillion (US$3.2-3.64 billion) this year, a year-on-year increase of 101- 128 per cent.

The VN-Index has lost a total of nearly 5.30 per cent in the last six trading days since June 22

Shareholders of Masan Resources (MSR) approved a number of proposals at its annual general meeting in HCM City on Monday, including a change in the company’s name to Masan High-Tech Materials as part of a strategy to go global and take its business to the next level and provide hi-tech and innovative solutions to global customers.

The Long An Dragon Fruit Association signed a co-operation agreement with Lavi Agri Company Limited on purchasing and consuming red dragon fruit in the province’s Châu Thành and Tân Trụ districts on Monday.

Post-tax profit is projected to drop 5 per cent year-on-year to VNĐ1.18 trillion.

Squid and octopus exports fell by 21.2 per cent year-on-year in the first five months of the year to US$192 million as demand was hit by COVID-19, according to the Việt Nam Association of Seafood Exporters and Producers.

Up to 19,600 enterprises stopped operation and are waiting for dissolution procedures, down 10.2 per cent over last year.

The European Union Free Trade Agreement (EVFTA) will create significant opportunities for Vietnamese firms to recover and develop after the COVID-19 pandemic, Deputy Minister of Industry and Trade Trần Quốc Khánh said at a conference on Monday in Hà Nội.

The number of patents has increased by 56.7 per cent in the first five months of this year compared to the same period last year.

Việt Nam’s gross domestic product (GDP) expanded 1.81 per cent year-on-year during the first half of this year, the lowest six-month growth pace since 2011, according to the General Statistics Office (GSO).

Vietnam Railway Corporation (VNR) estimates a loss of nearly VNĐ1.4 trillion (US$60 million) after tax in 2020, a massive blow to the company due to impacts of the COVID-19 pandemic.

Shinhan Vietnam Finance Company Ltd., has won the 2020 Best Sustainability Development Company Vietnam award from the UK’s Global Banking & Finance Review magazine.