Việt Nam News

Businesses and authorities in HCM City are working to ensure supply and prices of vegetables and fruits remain steady despite a panicked populace buying them in bulk to stockpile following the closure of the city’s three wholesale markets and nearly two-thirds of traditional markets.

No Va Land Investment Group Corporation (Novaland, NVL) has successfully issued US$300 million of international convertible bonds for foreign investors, without warrants and collateral, and will be listed on the Singapore Stock Exchange (SGX).

Petro Việt Nam Cà Mau Fertiliser JSC (PVCFC, DCM)'s profit before tax is estimated at VNĐ411 billion on higher prices and cost-cutting plans. 

Though exports remain strong, several sectors face difficulties due to the Covid-19 epidemic and require support from the Government if they are to sustain the growth, experts said.

Taking advantage of its natural conditions and investment attraction policies, the Cửu Long (Mekong) Delta has become a destination for investors in renewable energy projects.

Southeast Asia Commercial Joint Stock Bank (SeABank, SSB) said that it will issue more than 110 million additional shares to pay 2020’s dividend at a rate of 9.12 per cent, as well as issue 23.5 million shares for employees (ESOP).

Petrovietnam General Services JSC Corporation (Petrosetco, PET) just announced a plan to issue stocks for employees (employee stock ownership plan, ESOP) in 2021. 

The Ministry of Culture, Sports and Tourism wants to reduce the value of insurance deposits by 80 per cent to help travel companies that are struggling because of COVID-19.

With production and supply chain disruptions caused by the COVID-19 pandemic, producers and consumers have to find ways to adapt. 

More than a third of manufacturing and processing enterprises believe business will pick up in the third quarter of this year.

Power Generation Corporation 2 – JSC made its debut on July 11 and signed a strategic agreement with Singapore’s Sembcorp Industries to promote ties in corporate governance, digital transformation and renewable energy development.

The Ministry of Industry and Trade (MoIT) and the Ministry of Finance (MoF) increased petrol prices by more than VNĐ850 per litre on Monday.

Vietnamese shares plunged on Monday as panic selling flooded the market, following surging COVID-19 cases, reinforcing fears of further economic pain from restrictions induced by the virus.

Vietnam Airlines (VNA) has announced plans to restart international commercial flights starting July 15. This is to meet growing demand from Vietnamese citizens that want to study and work abroad and foreigners that want to return home.

THACO donated 63 specialised trucks each for transporting COVID-19 vaccines and carrying out mobile vaccination and taking samples at the ceremony to launch the national COVID-19 vaccination campaign in Hà Nội on July 10.

VinFast on Monday officially kick-starts its branches in the US, Canada, France, Germany and the Netherlands in preparation for its launch in those markets, moving closer towards the goal of becoming a global smart electric car company.

Remittances to HCM City topped US$3.2 billion in the first half of the year, a 22.34 per cent increase year-on-year.

Many local insurers have recorded positive results in the first half of 2021 following the growth momentum of 2020. However, since the country entered the fourth wave of the COVID-19 pandemic with complicated developments, insurers have also become more cautious about business prospects in the second half of the year.