Việt Nam News

The suspension of trade in seafood and agriculture products at some northern border gates with China as a measure against the novel coronavirus (Covid-19) has caused a demand-supply imbalance in the market.

A ceremony to mark the physical linking of the entire under-construction first metro line in HCM City between Bến Thành Market in District 1 and Suối Tiên Theme Park in District 9 was held on February 17.

Vietnamese enterprises, especially women-owned businesses, are still facing many difficulties and barriers in developing and accessing resources, such as credit and land.

Dragon fruit prices in Long An Province have started to increase as more export opportunities become available, Nguyễn Quốc Trịnh, Chairman of the Long An Dragon Fruit Association, said on Tuesday.

Vinaconex corporation has registered to divest all of its 16 million shares in Vinaconex Power Investment Construction and Development JSC.

The National Payment Corporation of Vietnam (NAPAS) announced exemptions and reductions on service fees on electronic switching for local banks.

All cars providing passenger transportation services via ride-hailing applications will be treated like taxis from the beginning of April, when the pilot project for tech-based cars ends.

The Ministry of Construction has forecast cement demand will increase by 4-5 per cent this year thanks to a recovery in the real estate market.

Textile stocks have been on an temporary upswing thanks to the recent ratification of the EU-Việt Nam Free Trade Agreement (EVFTA) but textile enterprises still face difficulties due to heavy dependence on imported raw materials and machinery as well as reduced demand worldwide.

Vietnamese shares edged down on Monday as investors remained cautious despite positive movements in regional markets.

Trần Thị Thu Trang, director-general of Hanel PT, an electronics maker in northern province Bắc Ninh said her company had given up on seeking access to the preferential credit policies after extensive research.

The respiratory epidemic caused by the novel coronavirus (COVID-19) has highlighted an urgent need for Việt Nam to boost its economic restructuring and diversify its markets.

Falling one place to 11th in the global index of emerging logistics markets, Việt Nam was still seen as a clear winner in the US-China trade war.

Some large livestock companies have reduced pork prices to an average of VNĐ75,000 per kilo, Minister of Agriculture and Rural Development Nguyễn Xuân Cường said after visiting the firms on February 16.

Citibank and INGbank will be in charge of arranging capital for the Nhơn Trạch 3 and 4 thermal power plants, according to a recent agreement signed between PetroVietnam Power Corporation (PV Power) and the two foreign banks.

Since the new coronavirus epidemic will surely affect exports to China, diversifying markets is an urgent requirement for Vietnamese rice exporters, experts have said.

Vietnamese companies, many of whom are facing a shortage of feedstock and raw materials as a result of the new coronavirus outbreak in China, have started looking at alternative sources. 

Transport companies have been hit by the novel coronavirus.