Việt Nam News

The fourth wave of COVID-19 cases, coupled with the recent rise in prices of building materials, has forced many projects to halt construction or even fall into stagnation, which would affect the disbursement of public investment this year. 

Vietnamese exports to the US are increasing sharply as that country seeks to diversify supply to meet consumer demand and revive its economy after the Covid-19 pandemic.

While many stocks in the building materials sector like steel or plastic have surged recently, cement stocks are still hovering around a low price zone.

The market closed higher on strong cash inflows, with the market benchmark VN-Index up nearly 17 points.

New investment capital registered by foreign businesses in the country also saw a modest yearly rise of 0.8 per cent to nearly $14 billion in the period. 

The Asian Development Bank (ADB) has signed a US$116 million green loan for three wind farms in the central province of Quảng Trị, aiming to increase Việt Nam’s wind power capacity by 30 per cent. 

The Ministry of Agriculture and Rural Development sent a document to the Thai Embassy in Hà Nội on Friday to temporarily suspend the import of live pigs for slaughter from Thailand into Việt Nam from June 30.

Credit rating agency Moody's on May 26 affirmed its long-term domestic and foreign currency deposit and issuer ratings of four Vietnamese banks.

Việt Nam, along with Thailand, is considered the first choice for suppliers based in Taiwan (China) planning to move into Southeast Asia to address increasing capacity demand, Digitimes Asia has reported.

Enterprize Energy (EE) has signed a contract with PetroVietnam Technical (PTSC) G&S and Fugro to supply, install and operate a Floating LiDAR (FLiDAR) at the planned site of a wind power project offshore of the south-central province of Bình Thuận.

The AFD will provide a long-term loan of US$100 million to BIDV and technical assistance worth 300,000 euros ($366,000) to the bank and its customers.

Chairman of the provincial People’s Committee Lê Văn Hẳn said local authorities are making every effort to call for investment in maritime economic development, tourism, industry, agriculture, infrastructure development in industrial parks and clusters, and urban development.

Việt Nam’s furniture exports to the US have risen sharply in recent times, but to sustain the growth firms need to focus on complying with regulations in that market, including sustainable development norms, experts have said.

The US Department of Commerce (DOC) has issued a positive conclusion for Việt Nam in the anti-dumping and countervailing duty probes into imported automobile tyres.

The central city of Đà Nẵng has maintained its leading position in terms of readiness for Information and Communications Technology (ICT) development and application, topping the Vietnam ICT Index rankings for another year in 2020.

The VN-Index slumped for the first time in seven trading days on Thursday after investors sought profits following a long rallying streak.

Bắc Ninh authorities have called for the province's more than 400,000 industrial park workers to be vaccinated against COVID-19 to avoid a two-week shutdown of the parks that would cause about VNĐ50 trillion (US$2.15 billion) in damage.

Việt Nam's streets are known for being bustling with motorbikes, but this reliance on gas-guzzling vehicles comes with a high environmental cost. One start-up called Dat Bike is trying to change hearts and minds, and convince drivers that the road to the future is electric.