Việt Nam News

Many businesses in HCM City are at risk of losing market share if suspension of operations due to the COVID-19 outbreak continues.

Sacombank sold out all 81.56 million treasury shares (equivalent to 4.33 per cent of its charter capital) on the stock market on July 27 for more than VNĐ2.438 trillion (US$106.2 million), earning a profit of VNĐ1.684 trillion ($73.4 million).

Masan Group Corporation’s revenues increased by 16.4 per cent year-on-year in the first half to VNĐ41.2 trillion (US$1.79 billion), primarily due to double-digit organic topline growth in the branded consumer and meat businesses, 1.7 per cent growth in modern retail in the second quarter and 137.6 per cent growth at Masan High-Tech Materials due to consolidation of H.C. Starck and higher commodity prices.

The HCM City Department of Construction wants the People's Committee to prevent illegal real estate activities by stepping up propaganda and publicly naming and shaming offenders.

Steel producers continued to post great results in the second quarter of this year, supported by high steel prices. 

The Ministry of Industry and Trade's Department of E-commerce and the Digital Economy has been cooperating with e-commerce platforms to remove barriers to the transportation of essential goods during the COVID-19 outbreak.

Việt Nam is rated one of 10 emerging markets in the global data center market, with impressive growth, international standard service delivery capacity, and a large number of organizations and enterprises, research firm ResearchAndMarkets has said.

Banks would continue to tighten lending in risky sectors including securities, real estate, financial and tourism business, seeing higher credit risks in the remaining months of this year.

Vietnamese telecommunications businesses have prevented more than 92,000 subscription from spreading spam calls, and more than 35 million fake calls in the first six months.

The country’s largest brewer, Saigon Beer-Alcohol-Beverage Corporation (SABECO) achieved more than VNĐ2 trillion (US$) after-tax profit in the first half of the year, posting 6 per cent year-on-year increase.

For many startups, the COVID-19 pandemic is a nightmare when their operations reach a dead end. However, the pandemic also opens up new opportunities for those who know how to seize it.

The military-run telecom provider Viettel achieved a revenue of VNĐ128.6 trillion (US$5.59 billion) in the first half of the year, posting 6.8 per cent year-on-year increase.

Shares concluded the week in the green, marking a full-week growth after three consecutive falling weeks, propped up by banks and realty stocks.

No inspection would be carried out at checkpoints for vehicles which had valid QR Code identification certificate to transport goods serving construction, production, business, import and export and consumption on all highways, national roads, provincial roads, inter-district roads and urban roads nation-wide from Friday.

To ensure smooth delivery and distribution of essential goods amid the COVID-19 restrictions, the HCM City Department of Industry and Trade has created a database of delivery staff that can be easily accessed by inspectors and notified the public about businesses that sell essential products.

The 2021 Vietnam Annual Economic Report entitled “Repositioning Vietnam in the Global Dynamics” was unveiled on July 29 by the Vietnam National University - University of Economics and Business.

Total retail sales of goods and services shrank 8.3 percent month-on-month in July to VNĐ339.4 trillion (US$14.84 billion) as a result of restrictions induced to stem the ongoing COVID-19 outbreak, according to the General Statistics Office (GSO).

The Hồ Chí Minh City Development Joint Stock Commercial Bank has reported pre-tax profit of VNĐ 4.19 trillion (US$183.9 million) for the first half of the year, a year-on-year increase of 44.2 per cent and equivalent to 58 per cent of the full-year target.