Việt Nam News

The Vietnamese Government appreciates the role of the Japanese businesses for their responsible and efficient investment in Việt Nam, contributing to the State budget, environmental protection and care for workers, Prime Minister Nguyễn Xuân Phúc has said.

A signing ceremony for land lease agreements took place at the Rạng Đông Textile Industrial Park - Aurora IP in Nghĩa Hưng District of the northern province of Nam Định late last week.

More than 7,200 EUR.1 certificates of origin (C/O) were issued in August for goods exports to the EU worth US$227 million since the EU-Vietnam Free Trade Agreement (EVFTA) took effect last month, according to the Ministry of Industry and Trade (MoIT).

The development of power supply is being held back by a number of shortcomings and limitations in the country's investment framework. Mustering the financial resources required to increase the country's energy supply, which was estimated at US$8-10 billion annually, has been difficult.

The HCM City Department of Industry and Trade has unveiled a project to promote exports over the next five years.

The Macfrut Digital Trade Show to be held online for the first time from September 8 to 10 will offer Vietnamese businesses the opportunity to meet hundreds of global suppliers of fresh, safe and quality fruits from Europe.

Vietnamese shares sank again on Monday as large-cap stocks were hit by massive selling pressure, especially during the ATC session.

The Mid-Autumn Festival is a time for mooncakes, a baked pastry that symbolises family reunions and which is traditionally consumed as part of the celebrations.

The State Securities Commission (SSC) last week issued a fine of VNĐ185 million (roughly US$8,000) to HDI Global SE for violating rules on foreign ownership and information disclosure.

The HCM City Development Joint Stock Commercial Bank (HDBank) has decided to lock the foreign ownership limit at 21.5 per cent of the charter capital.

E-wallet firm MoMo reported it had signed up a total of 20 million users since its debut 10 years in the local market, aiming to become a 'super app' in Southeast Asia.

Vietnamese airlines will now be allowed to resume domestic flights to and from Đà Nẵng after more than a month of social distancing due to the COVID-19 outbreak.

The new wave of Covid-19 infections has caused heavy pressure on the country’s economy. In this uncertain context money flows into the stock market have turned towards firms with good financial capability, reliable operations and attractive dividend policies.

The resurgence in Covid-19 in late July had a negative impact on the stock markets then, but thanks to the Government’s control of the outbreak along with economic stimulus and increased public investment, the stock market recovered significantly in August.

Việt Nam’s stock market rally may slow this week as investors eye profits but the one-month projection is still optimistic.

The volume of steel soared by 65 per cent month-on-month.

Demand in Laos for production and construction materials and consumer goods has fallen significantly due to the impact of COVID-19.

The province also allowed 1,602 existing foreign-invested projects to increase their capital by $19.64 billion.