Việt Nam News

The State Bank of Vietnam (SBV) has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction, Build-Operate-Transfer (BOT) and the consumption sector.

The COVID-19 pandemic in the last half of 2020 saw Vietnamese people download and use more phone applications than in 2019, according to the Mobile Application 2021 report from Appota Group.

Vietnamese manufacturers and exporters are struggling to cope with rising material prices despite posting high export volumes in the first four months of the year.

The General Statistics Office announced that the consumer price index (CPI) in April 2021 decreased by 0.04 per cent compared to the previous month, while many types of goods increased in price from the beginning of the year.  Nguyễn Trung Tiến, deputy director of the General Statistics Office (GSO), spoke to local media about this issue

Twenty-two companies have entered the “one-trillion-đồng profit club” for January-March, despite the economy being ravaged by the COVID-19 pandemic.

Việt Nam’s stock market settled higher on Wednesday, reversing morning course as many stocks recovered from earlier losses. Meanwhile, foreign investors continued to flee from the market. 

HCM City leads the country in digital transformation, but its small, medium and micro enterprises, which account for a majority of businesses, face challenges in achieving it.

Việt Nam imported nearly 1.2 million tonnes of raw cashew nuts worth US$1.9 billion in the first four months of this year, increases of 300 per cent and 323.5 per cent year-on-year, respectively, according to the General Statistics Office.

Careful consideration must be given to the imposition of a rent tax on people who own apartments for lease, experts said, adding that it was essential to introduce a reasonable tax rate and threshold.

Before the latest withdrawal of Vinsmart, Japanese giants like Panasonic, Toshiba, and Sharp also dropped out of the Vietnamese television market.

Several construction firms have reported a drop in profits in the first quarter of this year due to the COVID-19 pandemic and rising material prices.

The Ministry of Finance (MoF)'s Price Management Department will actively set up scenarios for managing prices of essential goods according to the market performance, but still ensuring inflation control as targeted, said Nguyễn Anh Tuấn, director of the Price Management Department.

Saigon Union of Trade Cooperatives (Saigon Co.op) said it is working to increase stocks of essential goods at its stores and fight the COVID-19 epidemic.

The market reversed course to trade lower on Tuesday as selling pressure reappeared. However, it pared some losses in some stocks. 

The Civil Aviation Authority of Vietnam (CAAV) has proposed the Ministry of Transport rescind the general aviation business licence of Globaltrans Air JSC.

With borders closed and travel restricted since early 2020, cross-border e-commerce has proved itself as a game changer, setting the scene for Vietnamese traders to climb up the global supply chain and reducing risk of disruption caused by an unprecedented crisis like COVID-19.

The Vietnam Textile and Apparel Association (VITAS) is committed to promoting the sector’s sustainable development with the aim of raising the living standards of its employees under the UN’s Sustainable Development Goals (SDGs).

The Ministry of Agriculture and Rural Development was raising responsive measures to promote the distribution of agricultural products amid the fourth outbreak of COVID-19 in Việt Nam as well as establishing a resilent agriculture.