Việt Nam News

The Airports Corporation of Vietnam (ACV) posted a record loss of over VNĐ856 billion (US$37.3 million) in post-tax profit in the third quarter.

Y42, the Berlin-based company building the first scalable data platform that anyone can run, has announced the closure of a US$31 million Series A funding round that takes its total investment to $34 million.

The Ministry of Finance (MoF) has proposed slashing registration fees for locally built cars by 50 per cent until May 2022, to increase sales and encourage recovery in the automobile industry.  

The Prime Minister assigned the State Bank of Việt Nam (SBV) to study and propose policies on national digital currency.

A campaign to replace traditional paper-based receipts with electronic receipts (e-receipts) started yesterday, according to the General Department of Taxation (GDT). 

Shares cut early gains to end lower on Monday as selling pressure suddenly appeared in the afternoon session, causing many large-cap stocks to fall deeply and pushed the VN-Index back below the reference level.

Prime Minister Phạm Minh Chính along with many foreign investors and business executives attended a forum on the prospects of business in Việt Nam held on the sidelines of 26th United Nations’ Conference of Parties (COP).

The US Transportation Security Administration (TSA) has officially confirmed that Vietnam Airlines meets all security requirements to operate a regular commercial direct flights to the US from October 25, the national flag carrier announced on November 1.

Trungnam Group (TNG) promotes the search for and investment in sustainable and safe power projects, working alongside government and significant economies throughout the world to achieve the objective of generating environmentally friendly energy.

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – HoSE: HDB) and Affinity Investment Fund have signed a US$300 million financing agreement to support Vietnamese firms with programmes that meet ESG (environmental, social and governance) and sustainable development criteria.

Alphanam Group and IHG Hotels & Resort (IHG) on Sunday signed a Memorandum of Understanding (MoU) on co-operation with the witness of Vietnamese Prime Minister Phạm Minh Chính during his working visit.

Prime Minister Phạm Minh Chính hosted leaders of ten foreign corporations and leading British universities in Edinburgh, Scotland, on October 31 (local time), as part of his visit to the UK for the 26th United Nations Climate Change Conference (COP26).

BCG Energy and Siemens Gamesa Renewable Energy signed a memorandum of understanding for providing equipment and technical solutions for wind power development in Việt Nam on the sidelines of the 26th United Nations Climate Change Conference of the Parties on October 31 in the presence of Prime Minister Phạm Minh Chính.

Vietjet and Rolls-Royce signed an agreement to provide engines and engine services for the airline’s coming widebody fleet with a total value of approximately US$400 million.

After social distancing orders were eased in many provinces and cities, businesses have been working to resume operations, ensure orders are fulfilled and production chains restored.

BUSINESS BEAT

From airlines to travel companies, Việt Nam’s tourism industry is hoping to get the green light to resume international commercial flights, starting in November. However, the complexity of the COVID-19 pandemic around the world will require a vigilant re-opening plan.