Việt Nam News

Local shares tumbled on Monday as the second-quarter GDP growth record low and the relentless spread of the coronavirus hit market sentiment.

The Regional Comprehensive Economic Partnership (RCEP) is a trade agreement between the ten member states of ASEAN and its six partners including Australia, China, India, Japan, New Zealand and South Korea. Director of South Korea’s Asan Institute for Policy Studies’ Center for ASEAN and Oceania Studies Lee Jaehyon talks with Vietnam News Agency about the importance of RCEP in the region.

The Consulate General of Việt Nam in Guangxi Province, China and the Asia-Africa Market Department have warned local businesses that Guangxi is carrying out a number of measures to strengthen control of food origin and quality, according to the Ministry of Industry and Trade (MoIT).

The move comes just three months after a similar ban was lifted.

The capital city of Hà Nội has granted certification to 275 products which qualify for the standards of the One Commune-One Product (OCOP) programme at a conference on Friday.

The Việt Nam National Petroleum Group (Petrolimex or PLX) forecast a drop in both revenue and profit this year due to the decline in demand amid the COVID-19 pandemic.

Vietnamese enterprises need to improve product quality, build their brands, and ensure traceability of goods' origin to increase the volume of agricultural and aquatic exports, experts said at a seminar on June 26 in HCM City.

Real estate brokerage activities should be professionalised and often individual sellers need better training, especially when the market is in need of momentum after the COVID-19 pandemic, experts said.

The first batch of fresh Vietnamese lychees exported to Japan was sold AEON's store system, including 250 AEON General Merchandise Stores and Supermarkets and AEON Style stores in Japan.

Bamboo Capital JSC has set revenue and after-tax profit targets of VNĐ1.913 trillion (US$82.2 million) and VNĐ184.2 billion ($7.9 million) this year, 24 per cent and 31.1 per cent higher than last year.

The local market has stalled in the last two weeks after the benchmark VN-Index on the Ho Chi Minh Stock Exchange climbed to a four-month high of 900 points on June 10.

Market insiders have predicted M&A activities will sharply increase soon.

Vietcombank did not set a specific earnings target for 2020.

As soon as the domestic market resumed, Vietjet quickly implemented a campaign called "Returning to the sky” and inaugurated eight new routes, increasing the domestic flight network to a total of 53 routes.

The target for Hà Nội was no longer to compete with other Vietnamese localities but with other cities in the region like Bangkok, Jakarta, Shanghai and Manila.

Despite the impact of COVID-19, dairy producer Vinamilk’s total revenue and profit in the first half of 2020 still rose 3-7 per cent on-year, CEO Mai Kiều Liên said on Friday.

If Vietnamese enterprises do not meet certain requirements, they will struggle to export local farming and food products.

Many economists have said that competition between e-wallets and mobile money might not happen as each payment method has different goals and market share.