Việt Nam News

The derivatives market is likely to grow stronger in 2020, offering high profitability to investors, analysts have said.

Ending the peak business season on the occasion of Tết (Lunar New Year), purchasing power increased by 10–15 per cent on average over the same period in 2019 in which sales at modern distribution systems (supermarkets, convenience stores and others) rose by 20-30 per cent, according to official statistics.

Pepper prices this year are unlikely to recover after a strong reduction in 2019 due to abundant supply.

Việt Nam steel production was forecasted to continue to grow slightly, at about 6-8 per cent, this year, reported the Việt Nam Steel Association (VSA).

After the authorities revoked working licenses of five multi-level marketing (MLM) firms last year, there are 23 firms of this type allowed to operate in the country.

The retail prices of petrol witnessed a strong reduction as from 3pm on January 30 (Thursday).

Local gold prices rose on Thursday amid rising concerns over the coronavirus outbreak in China which buoyed demand for safe assets.

The Import-Export Department under the Ministry of Industry and Trade is keeping a close watch on the development of the coronavirus, urging firms to prepare for negative impacts of the epidemic on exports, especially exports of agricultural products, to China.

The Bình Sơn Refining and Petrochemical JSC has reported gross revenue of VNĐ102.82 trillion (nearly US$4.4 billion) last year.

Total retail sales of goods and services in January were estimated at VNĐ448.1 trillion, up 3.6 per cent over the previous month and up 10.2 per cent year on year, according to the General Statistics Office (GSO).

Shares plunged on both national stock exchanges on Thursday morning – the first trading session after the Tet (Lunar New Year) holiday – due to volatility on the global markets given developments of the virus outbreak in China.

The Asian Development Bank (ADB) signed a US$37.8 million loan deal with TTC Energy Development Investment Joint Stock Company (TTC Energy) to provide long-term financing to develop and operate a 50-megawatt (MW) photovoltaic solar power plant in the southern province of Tây Ninh.

Việt Nam raked in US$5.3 billion in foreign direct investment (FDI) in the first 20 days of 2020, a year-on-year surge of 179.5 percent, according to the Ministry of Planning and Investment.

Masan Consumers Joint Stock Company and the Vietnam Cuisine Culture Association have organised a charity programme, Tết trẻ em (Children's Lunar New Year).

HCM City will continue to promote the development of information and communications technology to develop into an innovative smart city and improve living conditions, authorities have said.

Việt Nam had 8,276 new enterprises established in the first month of 2020, down 17.9 per cent year-on-year, but the total registered capital of the enterprises surged sharply by 76.8 per cent to VNĐ267 trillion (US$11.46 billion), the highest growth rate in four years, the General Statistics Office (GSO) reported.

The agriculture sector this year is targeting gross domestic product (GDP) growth of 2.9-3 per cent and export value of agricultural, forestry and fishery products of US$42 billion.

Việt Nam’s consumer price index (CPI) in January hit a record high, up 1.23 per cent over the previous month and 6.43 per cent year on year, according to the General Statistics Office (GSO).