Việt Nam News

Supply of essential goods such as vegetables and foodstuffs to HCM City is abundant and will even exceed demand during the rest of the social distancing period, according to the Ministry of Agriculture and Rural Development.

Vietnamese shares ended Monday on a positive note thanks to the rise of some individual large-caps at the final minutes of trading but investors were still cautious about the market's short-term outlook amid a lack of supportive information.

Supermarkets and food stores in HCM City continue to have abundant stocks of foodstuffs and groceries, but demand has been erratic.

VinCommerce General Commercial Services Joint Stock Company (VCM), a retail affiliate of Masan Group (Masan) on July 25 bought a ‘Khỏe mạnh trong mùa dịch’ insurance package from the Military Insurance Corporation for Masan’s employees and partners.

USAID and WB have launched programmes to help Vietnamese enterprises to promote digital transformation and apply technology solutions to improve performance.

Việt Nam is playing catch-up in a global race to develop its own digital currency and experts believe this will not only help the country develop new technologies but also present an opportunity for Việt Nam to join the most technologically advanced countries.

Many HCM city companies that had to close down after some of their workers were found to have COVID-19 have got approval from authorities to reopen after their on-site lodging facilities for workers and epidemic prevention plans were verified.

According to Director General of the European-American Market Department under the Ministry of Industry and Trade (MoIT) Tạ Hoàng Linh, over past years, Vietnamese enterprises had paid attention to improving their understanding about international import-export standards. However, the firms needed to make greater efforts in cementing the foothold of their products in international supermarket shelves.

According to Director General of the European-American Market Department under the Ministry of Industry and Trade (MoIT) Tạ Hoàng Linh, over past years, Vietnamese enterprises had paid attention to improving their understanding about international import-export standards. However, the firms needed to make greater efforts in cementing the foothold of their products in international supermarket shelves.

BUSINESS BEAT

Việt Nam has welcomed the decision of the United States Trade Representative (USTR) not to take trade action in connection with the investigation into Việt Nam’s currency policy, spokesperson for the Vietnamese foreign ministry Lê Thị Thu Hằng said on Saturday.

The Office of the US Trade Representative (USTR) on Friday issued a formal determination in the Việt Nam Currency Section 301 investigation, under which the agency will not take any tariff action against Việt Nam.

HCM City has imposed strict travel restrictions and locked down many places, causing demand for home delivery services to skyrocket along with costs.

The Institute of Chartered Accountants in England and Wales has signed a memorandum of understanding with the Ministry of Finance to improve the quality of human resources and accelerate the development accounting and auditing to facilitate Viet Nam’s international integration.

The US’s Vector Fabrication Inc has been scouting locations in central Việt Nam for a Micro-Electro-Mechanical Systems (MEMS) factory with an estimated investment of US$60 million, according to the Head of the Đà Nẵng Hi-tech Park and Industrial Zones Authority (Đà Nẵng HPIZA), Phạm Trường Sơn.

The ministry said in the second quarter, housing prices in Hà Nội and HCM City continued to increase by 2-7 per cent quarter on quarter due to the low new supply, while many localities saw a slight rise of 3 per cent. House prices in Hải Phòng, Bình Dương and Đồng Nai increased by 5-9 per cent quarter on quarter.

Paper and packaging firms have reported positive business earning results despite the impact of COVID-19 pandemic.