Việt Nam News

Italy is currently Việt Nam's fourth largest trading partner in the EU behind only the Netherlands, Germany and France while Việt Nam is Italy's largest trading partner in ASEAN with bilateral trade turnover continuously increasing over the years.

The leaders of northern province of Bắc Ninh and Samsung Vietnam on Thursday made a trip to evaluate the improvement results of the two enterprises including Hanpo Vina Joint Stock Company and Thịnh Vượng Manufacturing and Trading Co Ltd participating in "domestic business improvement consulting programme".

Amid difficulties from the pandemic, some local enterprises say they are further troubled by additional regulations concerning the circulation of goods in southern areas during the lockdown.

The HCM City Export Processing and Industrial Zones Authority is helping businesses at industrial parks that house their staff buy food and other essential goods amid the stricter social distancing mandate currently in place to curb the spread of COVID-19. 

Securities stocks have seen significant growth in market prices thanks to mergers and acquisitions (M&A) in Việt Nam.

The coronavirus pandemic has hit almost every country in the world, including Việt Nam, causing disruption in the global supply chain. Cross-border e-commerce is considered a “green lane” to bring Vietnamese goods to international customers, creating an effective channel to help firms access all markets

A number of industry trade groups have called on the Government and HCM City to issue travel permits to employees of their member companies to enable them to carry out some urgent tasks amid the city’s social distancing.

Hoa Sen Group on Wednesday reported revenue and after-tax profits of VNĐ4.9 trillion (US$214.6 million) and VNĐ302 billion in July, representing 97 and 124 per cent year-on-year increases, respectively.

Lộc Trời Group is among 27 enterprises recognised as prestigious rice exporters by the Ministry of Industry and Trade (MoIT).

The VN-Index dropped for a third day in the last four sessions this week, weighed down by the collapse of the banking sector, while the HNX-Index increased for a second day on stronger money inflow.

The Consulate General of India in HCM City in collaboration with the Investment and Trade Promotion Centre of HCM City (ITPC) held a webinar about investment cooperation in medical devices between the two countries on Tuesday.

Since the normalisation of bilateral relations in 1995, economic and trade ties between Việt Nam and the US have seen great progress, with two-way trade hitting an all-time high of US$90.8 billion in 2020, up 19.8 per cent year-on-year, despite serious impacts of the COVID-19 pandemic.

SHB on Wednesday signed agreements to transfer charter capital at SHbank Finance Company Limited (SHB Finance) to Bank of Ayudhya in Thailand, commonly known as Krungsri – a strategic member of the Mitsubishi UFJ Financial Group (MUFG).

Special task forces in wards in HCM City that do grocery shopping for locked-down residents took 74.033 orders to supermarkets and groceries stores on August 24, almost half more than the previous day, according to the city Department of Industry and Trade.

With many localities in the Mekong Delta mandating social distancing to combat COVID-19, selling and distributing seafood has become difficult, causing many fishing boat owners to suspend operations.

The Government needs to issue a law on bad debt settlement for credit institutions as a pilot resolution on the issue will expire next year, experts said.

A recent report from Việt Dragon Securities Corporation (VDSC) said that the social distancing order in Việt Nam will negatively affect the supply of processed seafood in the last six months of the year due to reduced operating capacity at factories.

Deputy Minister of Planning and Investment Trần Quốc Phương spoke with Vietnam News Agency Television about solutions to drive up public investment capital spending, and ensuring disbursement goals are met