Export outlook depends on virus control

Việt Nam's exports may reach as high as US$313 billion by the end of 2021, a 10.7 per cent increase year-on-year, only if the country manages to stop the spread of the novel coronavirus, according to a report by the Ministry of Industry and Trade.

MSB allowed to add $155 million to its capital

The State Bank of Việt Nam (SBV) has just allowed Maritime Bank (MSB) to raise its charter capital by more than VNĐ3.5 trillion (US$155 million) from the current level to nearly VNĐ15.3 billion through stock dividends.

Shares decline on strong selling force

Vietnamese shares declined on Tuesday, dragged by market heavyweights as selling pressure increased significantly towards the closing minutes of trading.

Prudential extends premium payment grace period to 120 days

Prudential Vietnam Assurance Private Limited (Prudential Vietnam) has received approval from the Ministry of Finance to double the grace period from the standard 60 days to 120 for policy holders whose premium due dates fall between August 30 and December 31 this year.

Agro-forestry-fisheries sector enjoys trade surplus of US$3.3 billion in eight months

The agro-forestry-fisheries sector's export revenue reached about US$32.1 billion in the first eight months of this year, up 21.6 per cent, while imports were estimated at $28.8 billion, up 44.1 per cent, resulting in a trade surplus of about $3.3 billion, a fall of 48.2 per cent over the same period last year, reported the Ministry of Agriculture and Rural Development (MARD).

Banks warned of bad debts post pandemic

In the muddling-through stage when the real picture of the banking system is still obscure, the central bank must be vigilant about the rising risks associated with non-performing loans.

Businesses advised to find potential partners to increase exports to UK

Vietnamese agricultural product exporters that want to establish long-term business relationship with the UK need to have appropriate strategies, and approach potential partners in order to take advantage of export opportunities to this important market – the second biggest economy in Europe, advised Nguyễn Cảnh Cường, Vietnamese Trade Counselor in the UK, at a recent consulting webinar.

Bank stocks decline sharply during pandemic

Banking stocks have continuously corrected since the beginning of July, with market analysts forecasting the decline in bank asset quality as due to the COVID-19 pandemic.

Local auto industry needs support amid pandemic

Domestic automobile manufacturers have urged the Ministry of Finance to revise criteria for production capacity so as to enjoy preferential a tax incentive policy for imported automobile parts.

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