Standard Chartered supports Tecomen’s fight against COVID-19

Standard Chartered on Tuesday announced that Tecomen Joint Stock Company (Tecomen) has become the first company in Việt Nam to make a drawdown under the bank’s US$1 billion COVID-19 financing commitment. This is also the first such drawdown in ASEAN that the bank has announced.

HCM City seeks faster switch to cashless payment

Nguyễn Anh Đức, general director of Saigon Co.op, said the rate of cashless payment at its system, including Co.opmart, Co.opXtra, Co.op Food, and Co.op Smile, has increased sharply since last year from 3-5 per cent to nearly 21 per cent now.

CapitaLand Vietnam appoints new CEO

CapitaLand Limited has appointed a new CEO in its core market of Việt Nam as part of its ongoing leadership development and renewal process. 

MSR changes name, to go global

Shareholders of Masan Resources (MSR) approved a number of proposals at its annual general meeting in HCM City on Monday, including a change in the company’s name to Masan High-Tech Materials as part of a strategy to go global and take its business to the next level and provide hi-tech and innovative solutions to global customers.

Squid, octopus exports down 21.2 per cent

Squid and octopus exports fell by 21.2 per cent year-on-year in the first five months of the year to US$192 million as demand was hit by COVID-19, according to the Việt Nam Association of Seafood Exporters and Producers.

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