Việt Nam News

Moody's Investors Service has affirmed the B1 long-term local and foreign currency deposit and issuer ratings for the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank).

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has announced plans to increase its charter capital to more than VNĐ20.273 trillion(US$879.48 million).

The fourth wave of COVID-19 infections in Việt Nam has caused disruptions to most sectors once again as the country was preparing for the tourism season.

Industrial production in HCM City has not been affected since a two-week social distancing period began on May 31 to curb the spread of COVID-19.

Việt Nam’s mobile game market has huge potential and games can become one of the country’s major exports, experts have said.

Special encouragement policies and mechanisms are needed for expressway construction to help localities in disadvantaged and mountainous areas secure investment, an expert has said.

The State Bank of Việt Nam has licensed Vietnam Post to conduct intermediary payment transactions through its PostPay platform.

An artificial intelligence (AI) app that issues warnings when facemasks are not being worn has been introduced on public transport to raise awareness of seriously observing the Ministry of Health’s “5K message”.

VNDIRECT said that besides large-cap stocks, some mid-cap stocks from steel, real estate, financial services, textile and seafood industries will attract cash flows this month.

A medical robot manufactured by the Military Technology Academy to support COVID-19 prevention and control activities was sent to the current largest pandemic hot spot in the northern province of Bắc Giang earlier this week.

The EU-ASEAN Business Council has published two papers calling for more progress on ASEAN’s regional economic agenda and linking a durable recovery from the pandemic to the region’s leaders and trade and finance ministers adopting specific measures to accelerate work on the ASEAN Economic Community.

Shares gained for six consecutive sessions on Friday thanks to buying focusing on energy stocks and some individual blue-chips, boosting indices despite strong selling of foreign investors.

GE Renewable Energy has signed a contract to supply, install and commission GE Cypress turbines at BIM Wind JSC’s 88MW wind power plant in Ninh Thuận Province.

Reductions in electricity prices from June to the end of this year to support customers to overcome the difficulties caused by theCOVID-19 pandemic are estimated to total VNĐ1.57 trillion (US$67.67 million), according to the Việt Nam Electricity (EVN).

As a new export gateway in the central and Central Highlands regions, Chu Lai Port belonging to Trường Hải International Logistics Limited Liability Company (THILOGI) has expanded in scale and upgraded the entire services chains to achieve its target of becoming a major international freight forwarding hub for import and export of goods in the region.

The Central Highlands province of Gia Lai has approved the investment plan for the KN IaLy - Gia Lai solar power project, which has total investment of over VNĐ9.55 trillion (US$412.27 million).

The early-ripening “u hong” lychees from Thanh Hà District, the northern province of Hải Dương – a lychee farming hub of Việt Nam, hit the shelves of Singaporean supermarkets on June 3.

It is likely that Việt Nam will have to reduce renewable energy sources in the next five years, as booming development in recent years was weighing on the power system, according to a recent report by the Institute of Energy.