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F&B sector has potential despite challenges

Building material sector to benefit from speeding up disbursement of public investment

The building material sector would be among the first to benefit from the Government’s efforts to speed up disbursement of public investment, which was identified as a growth driver as the COVID-19 pandemic cast a shadow on the economy.

Enterprise formations in Việt Nam down 13% in Jan-Apr due to the pandemic

Nearly 37,600 new firms were established in Việt Nam with registered capital of a combined VNĐ445.2 trillion (US$19.1 billion) in the first four months of this year, down 13.2 per cent in number.

Economy

Việt Nam’s exports surge in four months despite pandemic

Domestic companies generated $26.45 billion from exports during the period, rising 12 per cent year-on-year and making up 32 per cent of the country's total export earnings

Economy

Special mechanism needed for Hải Phòng to further its development

Prime Minister Nguyễn Xuân Phúc on Sunday agreed there should be a special mechanism for the northern port city of Hải Phòng to further its development.

Business Beat

Banking sector reviews effects of Covid-19 pandemic, prepare for difficult year

The governor of the State Bank of Việt Nam, Lê Minh Hưng, has called on banks to simplify lending procedures to enable COVID-19-affected firms to easily get loans at preferential interest rates.

Economy

Local stocks to slide on softened "Sell in May" sentiment

After a robust month of April, local shares are expected to settle down in May with some short-term downtrends, but the falls would be soft.

Economy

Wind power plant set to operate in Ninh Thuận

The turbines will supply 179 million Kilowatts per hour (KWh) of electricity per year from the second half of this year.

Economy

BuyMed gets US$2.5 million in pre-Series A funding

Local start-up BuyMed, a pharmaceutical distribution network, raised US$2.5 million in its pre-Series A funding.

Economy

Enterprises face shortage of workers after easing of social distancing measures

Enterprises in the southern provinces of Việt Nam that have resumed operation after the end of the social distancing period are facing a shortage of workers.

Economy

Standard Chartered lowers Việt Nam 2020 growth forecast to 3.3%

Standard Chartered Bank has forecast Việt Nam’s economic growth to slow down to 3.3 per cent in 2020.

Economy

Việt Nam exports nearly 416 million face masks

Vietnam exported 415.7 million face masks worth 63.19 million USD from January 1 to April 19, according to the General Department of Customs.

Economy

Masan revenues surge in Q1, retail arm marches towards breakeven

Masan Group Corporation (HOSE: MSN) has reported consolidated net revenues of VNĐ17.632 trillion (US$753.08 million) in the first quarter of financial year 2020, a year-on-year increase of 116.1 per cent.

Economy

Newly registered enterprises in Trà Vinh increase

Despite the COVID-19 pandemic, the number of newly registered enterprises in the Cửu Long (Mekong) Delta province of Trà Vinh has, risen this year compared to the same period last year.

Economy

Việt Nam’s efforts to improve international trade policy

Executive Vice President of the Japan External Trade Organisation (JETRO) Hironobu Kitagawa, who was once JETRO’s Chief Representative in Việt Nam, speaks to Vietnam News Agency about the country’s efforts to improve its international trade policies on the occasion of its 45th National Reunification Day (April 30)