Việt Nam News

Improving the non-performing loan (NPL) resolution framework is a high priority for the banking sector to ensure efficient and effective bad debt resolution, as forecasters predict bad debts will rise post-pandemic.

The relations between Việt Nam and the US would continue to grow stably in the future, with economic and trade cooperation the centre and key momentum of bilateral ties, Vietnamese and US officials said.

Although the pandemic has disrupted industries all over the globe, some think it could be a catalyst that accelerates the digital transformation and opens a new era for the digital economy. Việt Nam is well placed to take advantage of this change, if enough experts can be trained in the field. 

The e-sports industry promises many opportunities for brand collaboration, experts have said.

Many plastic enterprises witnessed strong declines in revenue and profits in the third quarter of the year due to higher raw material prices and disruptions in production and business activities caused by the COVID-19 pandemic.

Attracting private investment in activities towards promoting green growth will contribute to realising Việt Nam’s green growth strategy and commitment to reduce greenhouse gas emissions,.

Shares gained ground on Thursday thanks to the sharp rises of large-cap and in the securities and real estate group, supporting the overall market.

Việt Nam’s commitment to increasing its energy capacity using renewable sources and favourable macroeconomic conditions may create valuable opportunities for wind investors and developers.

The HCM City Department of Health has issued safety criteria for COVID-19 prevention and control at production facilities, businesses and industrial zones.

The HCM City Department of Industry and Trade said it will offer a credit support package worth VND 70 trillion (US$3.07 billion) this year to help businesses access preferential loans to restore production.

The agreement is founded on the two parties’ existing US$10-billion cooperation.

As many localities have resumed normal production and business activities, Vietnam News Agency talked to Dr. Nguyễn Thị Lan Hương, former Director of the Institute of Science, Labour and Social Affairs, about how businesses and authorities need to support workers and bring them back to work.

Shares lost ground on Wednesday due to the sharp fall of large-cap and mid-caps in the real estate group, pressuring the overall market.

Rising freight rates have helped logistics companies, of which, seaport services have benefited significantly. 

As gasoline prices rose to the highest level in seven years during October, many enterprises are troubled by the cost of resuming business after the long period of social distancing caused by COVID-19.  

Vietnamese coffee and pepper are becoming more popular globally, and especially in the Australian market.

Denmark’s Ørsted Group, the world's largest corporation in the wind power industry, has proposed an offshore wind power plant near Hải Phòng, with an estimated investment of US$11.9 to $13.6 billion. Once operational, the power plant will have a total capacity of 3,900 MW. 

Foreign investors are eager to get back to Việt Nam, which they still consider one of the most “exciting” markets in the world, Don Lam, co-founder and CEO of VinaCapital, has said.