Việt Nam News

Fitch Ratings has revised the outlook on the long-term issuer default ratings (IDRs) of two State-owned banks and a wholly foreign-owned bank in Việt Nam to Stable from Positive, and the outlooks for two joint stock commercial banks to Negative from Stable.

International Finance Corporation (IFC) and the Plant Protection Department under the Ministry of Agriculture and Rural Development have signed a memorandum of understanding (MoU) to support the Vietnamese Government’s efforts to expand export markets for its agricultural produce.

The Ministry of Finance would focus on improving the business climate and creating favourable conditions for businesses to accelerate growth which was important to ensure State budget revenue in the context of COVID-19 pandemc which was heavily weigh on the socio-economic development.

The system will help entities participating in the stock market save time and money when disclosing information and minimise the risk of false disclosures, the SSC said.

On Thursday, live hog prices at farms increased by VNĐ2,000-7,000 per kilo to VNĐ88,000-92,000 in the north.

Việt Nam’s farming, forestry and fishery export trade with China fell about 7 per cent year-on-year in the first quarter of this year to US$2.2 billion due to the virus.

Capital city-based businesses on Thursday asked for specific tax policies from local authorities as they struggle with the economic downtrend caused by COVID-19.

These products could only be exported to countries that have been hit hard by the COVID-19 pandemic, Phúc asked.