Việt Nam News

More than 80 state-owned and private enterprises from Vietnam and the US discussed cooperative opportunities at a recent virtual conference as both sides are making preparations for the launch of direct flights between the two countries.

The Vietnam Dairy Products Joint Stock Company (Vinamilk) has moved up six places from 42nd to 36th in the Top 50 by Total Sales in Dairy Product Processors (Global), according to the rankings announced by UK-based Plimsoll Publishing Ltd.

Food producer KIDO Group reported a 34.5 per cent year-on-year rise in net revenues in the first quarter to over VNĐ2.3 trillion (US$101 million).

Shares hit a fresh peak on Monday as strong buying force bolstered market sentiment.

The surge of steel price since the beginning of 2021 helped many steel producers record good performance in the first quarter. 

State Bank of Việt Nam (SBV)’s governor Nguyễn Thị Hồng has directed commercial banks to scrutinise whether a large amount of bank loans in the first quarter flew into potentially risky areas or not to timely take suitable measures.

Enhancing the linkage between domestic and foreign-direct-investment (FDI) electronic enterprises would be an important solution to promote the development of this industry which were now dominated by the FDI sector.

With a total investment of VNĐ200 billion (US$8.66 million), the factory has a designed capacity of over 19 million chicks per year in the first stage, and 38.4 million chicks per year in the second stage.

Davipharm, a member of Adamed Group and manufacturer of generic drugs, has set up a high-potency drugs zone for the production of cytotoxic/cytostatic oral solids in Bình Dương, the first of its kind in Việt Nam.

In order to take advantage of FTAs ​​and increase the Vietnamese rice export market share at more competitive prices, the Ministry of Industry and Trade will continue to co-ordinate with ministries, branches and the Việt Nam Food Association to help businesses effectively implement the deals and make the most of markets such as South Korea and the EU.

Xiaomi is set to bring its latest device, the Mi 11 Lite, to Việt Nam next month.

The COVID-19 pandemic was signficantly changing the landscape of the consumer credit market as consumers tended to tighten their budget and pay more attention to healthcare, environment and lifestyle as well as switching to online shopping.

BUSINESS BEAT

Bà Rịa-Vũng Tàu managed to achieve positive economic growth in the first quarter of 2021 driven by a surge in industrial production, port services and domestic travel. 

Crocodile farmers in HCM City are facing heavy losses since the COVID-19 pandemic is affecting export.

Phú Nhuận Jewelry Joint Stock Company (PNJ) targets net revenues of more than VNĐ21 trillion (US$910.09 million) and net profits of VNĐ 1.23 trillion ($53.3 million) this year, up 20 per cent and 15 per cent from last year, its chairwoman, Cao Thị Ngọc Dung, has said.

The supply of industrial property in the South is expected to rise further in the next five years to capitalise on the increasing demand in the region, and further strengthen its leading position in terms of supply, according to JLL Vietnam.

Some analysts from securities firms expected that the market's bullish trend will continue this week, while others were more cautious and see a downward trend dominating the market.