Việt Nam News

Market experts forecast that foreign investors will perform strong net buying in the fourth quarter of this year to prepare for next year’s economy recovery after large-scale immunisation campaigns.

E-commerce platforms have announced a resumption of deliveries in HCM City’s extremely high risk areas (red zones) from August 30 a week after they were banned.

The stock market gained for three straight sessions before the National Day holiday, which was different from the previous holidays when investors tended to take profits causing the market to fall or move sideways.

BUSINESS BEAT

Prime Minister Phạm Minh Chính visited Samsung Electronics Vietnam Thai Nguyen Co. Ltd. during a working trip to the northern province of Thái Nguyên on September 3.

Thanks to the adoption of drastic COVID-19 prevention measures at ports, the volume of goods that passed through ports in the first eight months of the year increased by 18 per cent year-on-year to 16.8 million TEUs, the Việt Nam Maritime Administration said.

The bancassurance service offered by Sacombank and Dai-ichi Life Vietnam has won the 2021 award for Most Trusted Bancassurance Provider Vietnam from Finance Derivative, a financial and business analysis magazine published in the Netherlands.

Vinamilk has continued to expand its foothold in the global markets despite pandemic challenges which helps it maintain stable growth so far this year.

Siemens has officially launched a contest titled “Best Applications of SIMATIC IOT2050” with an aim to provide an opportunity for automation engineers and students in Việt Nam to demonstrate their talent, use their creativity and out-of-the-box thinking in order to come up with innovative ideas and solutions for the automation industry.

Việt Nam has targeted mastering a number of high technologies to form an ecosystem of enterprises producing high-tech products, and put them into production to increase the export value of high-tech products.

The Ministry of Agricultural and Rural Development (MARD) has launched a programme to connect and support the sales of agricultural products on a national scale.

 The HCM City Power Corporation is undertaking a number of projects to develop and integrate power sources such as rooftop solar. 

In August alone, the total retail sales of goods and services saw strong declines of 34 per cent year-on-year and 10.5 per cent month-on-month to VNĐ279.8 trillion as many localities had to implemented strict social distancing measures and restrictions under the Government Directive 16 due to the complicated development of the COVID-19 pandemic nation-wide.

Solar experts have raised difficulties and problems in policies and procedures for investment, installation and operation of solar power systems in Việt Nam at a seminar.

Rubber exports this year have exceeded a million tonnes worth US$1.68 billion, year-on-year increases of 27 per cent and 66.1 per cent, according to the General Department of Vietnam Customs.

The novel coronavirus has finally caught up with Vietnamese wood exporters, who have reported robust growth during the first half of 2021. 

The Vietnam Banks Association (VNBA) has urged international card organisations Visa and Mastercard to reduce several types of fees on Vietnamese banks amid the fourth wave of COVID-19 pandemic in Việt Nam.