Việt Nam News

Sacombank continues to collaborate with IBM for transforming its security operations centre to strengthen its data security infrastructure.

Southeast Asia will need 4,400 new airplanes valued at US$700 billion to support expanding demand for air travel over the next 20 years, said Darren Hulst, Boeing vice president of Commercial Marketing.

Vietnamese shares stayed positive on Friday on the back of strong buyding demand, going opposite to the downturn of regional stock markets.

Credendo Group’s offices in Germany and Austria have published a study to evaluate the level of risk in Việt Nam, which emphasised that the Southeast Asian country is continuing its successful economic story after its good performance in controlling the COVID-19 pandemic.

Representatives from the Vietnamese Ministry of Industry and Trade (MoIT) and the US state of West Virginia signed a memorandum of understanding (MoU) on Thursday to accelerate co-operation in the economy, trade, and energy.

Despite negative performance due to strong fluctuations of Việt Nam’s stock market in January, big investment funds in the market remain optimistic.

If the COVID-19 pandemic is controlled in the first quarter, the GDP for the period may increase by 4.46 per cent, said the Ministry of Planning and Investment (MPI).

The advice came from Dr Trần Du Lịch, a member of the Prime Minister’s Economic Advisory Group, in an interview with Công Thương (Industry and Trade) newspaper.

Investors from the UK were showing significant interest in investing in renewable energy projects in Việt Nam, especially wind power, expecting the Vietnamese Government to introduce long-term support policies as well as simplification of procedures for project implementation.

In a bright spot, however, FDI disbursement saw a slight increase of 2 per cent to an estimated $2.5 billion, it said, attributing this encouraging figure to business recovery of foreign companies and their efforts in ensuring their productions amid the impact of COVID-19 pandemic.    

Việt Nam is predicted to record a positive growth this year, especially in the context of US-China trade tensions that may take a long time in the coming years.

Shares bounced back on Thursday on the back of large-caps, banking and energy stocks.

The Ministry of Planning and Investment (MPI) has summited the Government  a draft decree on amending  Decree 95/2020/ND-CP providing guidelines on procurement bidding under the Comprehensive and Progressive Trans-pacific Partnership Agreement (CPTTP).

Businesses may have several additional months before they have to pay income tax and land-use fees, per a proposal from the Ministry of Finance (MoF) to the Government. 

Nguyễn Văn Phụng, director of the Department of Tax Administration at Large Enterprises from the General Department of Taxation, spoke with Viet Nam News about incentive tax policies for Indian corporations investing in the Vietnamese pharmaceutical industry

Strengthening digital transformation in the logistics industry was an important solution to enhance capacity and competitiveness of logistics companies as well as service quality in Việt Nam.

Statistics from the General Department of Việt Nam Customs showed that exports to Australia grew 62.08 per cent over the same period last year, hitting $392 million last month.

Social distancing and strict control at hospitals, and economic recession due to COVID-19 resulted in lower sales of both prescription and non-prescription drugs. However, many companies still witnessed outstanding performance.