Việt Nam News

Việt Nam's leather and footwear industry was on course for a strong recovery as more international fashion brands were valuing the country as an important part of the global supply chain, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).

Banks in HCM City are focusing on measures to mitigate the difficulties faced by businesses due to the Covid-19 pandemic and help them get back to health, a State Bank of Vietnam official has said.

Việt Nam’s e-commerce market is forecast to climb 20 per cent in the last quarter of this year to reach US$12 billion by year end if the COVID-19 pandemic is brought under control.

The Trade Remedies Authority of Việt Nam under the Ministry of Industry and Trade said Canada had announced the final conclusion of the anti-dumping and anti-subsidy investigation into corrosion-resistant steel sheets imported from several countries, including Việt Nam.

Authorities in Đà Nẵng have approved an investment proposal by Fujikin Incorporated from Japan for an R&D centre at Đà Nẵng High-Tech Park worth a total of US$35 million.

Shares recovered from early losses on Tuesday to inch upwards, marking the eighth consecutive gaining day as cash flow increased at the end of the session and pushed up many large-cap stocks.

The Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) has accomplished 92 per cent of the full-year pre-tax profit after nine months.

The 11th Vietnam International Advertising Equipment and Technology Exhibition that opened in HCM City on October 20 is showcasing many of the latest technologies in the industry.

Việt Nam’s exports this year could grow by 3-4 per cent despite of complicated changes of the COVID-19 pandemic, according to the Ministry of Industry and Trade (MoIT).

Việt Nam is unlikely to reach its target of one million enterprises with efficient operation by 2020, according to a draft report recently issued by the Ministry of Planning and Investment (MPI).

The mobile phone retail business is believed to be saturated and will continue to face difficulties in growth.

Commercial banks should diversify their loan products, lower interest rates and simplify procedures to improve accessibility to official credit channels in an effort to keep people away from illegal sources, Deputy Governor of the State Bank of Việt Nam Đào Minh Tú said.

The development and activation of a geographic origin and timber species risk category plays an important role in controlling the legality of imported timber, attendees heard at a seminar in Hà Nội on Friday.

Vietnam Airlines is set to add more flights on its domestic routes to meet increasing travel demand, said a representative of the national flag carrier.

Two investment funds have cut their stakes at Asia Commercial Joint Stock Bank (ACB) after the lender saw its market value soar in the last three months.

Swedish food processing and packaging solutions provider Tetra Pak has cooperated with MM Mega Market Vietnam to launch public drop-off stations for collecting used beverage cartons at seven MM Mega Market centres in HCM City and Hà Nội in 2020.

Trung Nam Group officially put into operation the first surface-mount technology (SMT) factory at the Đà Nẵng Hi-tech Park after three months of construction during a ceremony on Saturday (October 17).

The Covid-19 pandemic has worsened the shortage of cold storage space in HCM City and surrounding areas as goods pile up as a result of lack of demand.