Việt Nam News

Shares plummeted yesterday on profit-taking activities with many bank stocks hitting biggest daily losses of 7 per cent. 

Thanks to the prosperity of the stock market in the first six months of this year, multiple securities businesses have reached their profit targets for the whole year.

With its effective retail business strategy, VIB’s retail outstanding balance experienced a positive growth at 14.2 per cent in the period, accounting for nearly 90 per cent of total outstanding balance amid the pandemic.

The Ministry of Finance (MoF) has just proposed to increase export tax on gold products of less than 95 per cent purity to 2 per cent from 0 per cent.

Many HCM City businesses have made plans to set up temporary accommodation for their workers to ensure they can continue operating amid the intense COVID-19 outbreak.

Việt Nam was named among the world’s top 20 host economies for foreign direct investment (FDI) for the first time in 2020 with an inflow of US$16 billion.

Yeah1 and Central Commttee of Ho Chi Minh Communist Youth Union have jointly launched a programme offering consumers a discount of 50 per cent on necessary products.

BUSINESS BEAT

The Mekong Delta province of Long An has planned to set up six logistics centres to meet transportation, and export and import demands.

The market will continue to move sideways this week with low liquidity to gradually form a strong enough accumulation base before returning to the uptrend, analysts said.

apanese-based retail giant AEON is planning to use its commercial network to export Vietnamese longan to neighbouring Asian nations.

Phú Quốc Island in Kiên Giang Province expects to welcome international visitors with vaccine passports beginning in October. 

Vegetables and eggs are the most in short supply in HCM City due to the supply disruption caused by COVID-19, and the city needs support from provinces in the eastern and Central Highlands regions to mitigate this, according to the city Department of Industry and Trade.

The State Bank of Việt Nam (SBV) has just officially approved credit room extension for some banks.

The Ministry of Information and Communications recently proposed that only licensed social networking sites and accounts are allowed to livestream to generate revenue.

To ensure transparency and reduce risks in the bond market, the Ministry of Finance (MoF) has asked corporate bond issuers to consider the feasibility of production and business plans, financial capacity and settlement of interest and principal before issuing bonds.

The rising incidence of COVID-19 has led many localities in the Cửu Long (Mekong) Delta region to adopt social distancing.

HCM City authorities have demanded that supermarkets and convenience stores take preventive measures to handle essential goods reselling at much higher prices, causing a supply shortage at supermarkets.