Việt Nam News

Representatives of Vietnam Airlines, Vietjet Air and Bamboo Airways said foreign markets accounted for nearly half of their revenue and they wanted to open these routes soon.

The outstanding loans of twelve inefficient projects under the Ministry of Industry and Trade totalled nearly VNĐ21 trillion (US$905 million) as of the end of 2019, most were overdue, according to the Government’s report to the National Assembly.

Vietnamese air conditioner manufacturers are increasingly using sophisticated technologies as they jostle for market share in a competitive market. 

Prime Minister Nguyễn Xuân Phúc will cut 50 per cent of registration fee for locally-manufactured and -assembled cars from now to the end of this year.

According to the Vietnam Small- and Medium-Sized Enterprises Association, there are now 5.5 million household businesses.

The quarterly review will be complete on June 19.

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 1.15 per cent to close the trading session at 862.73 points.

Apple is planning to partially manufacture its rumoured over-ear headphones in Việt Nam, as the tech giant looks to diversify its manufacturing base amid rising tensions between the United States and China during the COVID-19 pandemic, according to a report by The Information.

Shares of Landmark Holding JSC tumbled for a second day after the firm was delisted by force from the Hồ Chí Minh Stock Exchange (HoSE).

Phú Nhuận Jewellery JSC (PNJ) has reported its revenue in April dropped 47 per cent on-year to VNĐ501 billion (US$21.5 million).

Cargill has donated VNĐ1.5 billion (US$64,382) to the Vietnam Fatherland Front to support the Government’s spending for medical equipment and treatment of COVID-19 patients.

A new programme execution app called MEGA1 has surprised the market by topping one million downloads in just over a month after its launch.

The COVID-19 pandemic greatly impacted global and national production chains, forcing domestic enterprises to find new markets and develop new products.

The Government needs to do more to revive the business sector, Dr Trần Hùng Sơn, deputy president of the the Institute for Development and Research in Banking Technology under the Việt Nam National University HCM City has said.

A number of key tasks must be completed including the application of information technology to keep governmental agencies, the business community and consumers updated on the trade deal, along with support for Vietnamese enterprises to take advantage of trade opportunities.

This month ground was broken for Việt Phát Industrial Park, one of the largest in the country, in Long An Province.

International cooperation would be enhanced to develop a sustainable marine economy, with a focus on improving infrastructure, according to a project Prime Minister Nguyễn Xuân Phúc approved early this week.

With average price-to-earnings (P/E) and price-to-book (P/B) ratios at a five-year low, bank stocks are among the good options available for investors right now, analysts said.