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Việt Nam eyes positive outlook amid US tariff pressures

Bright prospect for construction enterprises despite disease

Despite the impact of the COVID-19 pandemic in the first quarter, construction businesses still firmly believe bright growth lies ahead for the rest of the year.

FPT’s profit up by nearly 19 per cent in Q1

FPT Corporation achieved revenue of VNĐ6.63 trillion (US$282.6 million) and pre-tax profit of VNĐ1.14 trillion ($48.6 milion) in the first quarter of the year, a year-on-year increase of 17 per cent and 18.9 per cent, respectively, surpassing 2 per cent of its target.

Bình Thuận speeds up work on investment projects

The Bình Thuận Province People’s Committee has asked departments and districts to work with investors to hasten the progress of projects that received in-principle licences or signed memorandums of understanding with the province last year.

Opportunity grow for cash-less payments due to COVID-19

The reluctance to use cash and come to crowded places such as markets or supermarkets has significantly changed consumption and payment habits.

Inspection team set up to check rice volume stuck at ports

An interdisciplinary inspection team led by the Ministry of Industry and Trade has been established to work with agencies to determine how much rice is stuck at ports so that the ministry can come up with an appropriate rice export plan.

Cashew industry likely to miss export target due to pandemic: Vinacas

Phạm Văn Công, Chairman of the Việt Nam Cashew Association (Vinacas), has said the cashew industry will struggle to achieve its export target of US$4 billion this year due to the novel coronavirus (COVID-19) pandemic.

VN remains attractive destination to investors and manufacturers

With Covid-19 and trade tensions driving the shift of production lines from China to Southeast Asia, Việt Nam, in particular, seems to have emerged as an attractive destination for investors and manufacturers alike, experts have predicted.

HCM City assures hurdles faced by property developers will be cleared this month

The HCM City People’s Committee chairman Nguyễn Thành Phong held a meeting with the heads of various government departments to discuss how to rescue real estate projects that have been delayed due to various difficulties.

State Bank of HCM City sets up hotline to support businesses affected by pandemic

The State Bank of Việt Nam in HCM City has set up a hotline (028) 38.211.230 to provide assistance to enterprises, especially for those badly affected by the COVID-19 pandemic.

Market to struggle with profit-taking after three-week rally

Stronger profit-taking is expected in coming days as the benchmark VN-Index is on track to touch 800 points again and that short-term peak will be an opportunity for investors to realise their profits.

Japanese firm plans Việt Nam move

A Japanese total solutions company that concentrates on fashion and beauty is moving to Việt Nam.

Anti-panic commodities trading floor founded amid pandemic

The trading floor vnshop.vn was launched on Saturday by CIB Corporation to help local authorities, manufacturing companies, logistic companies and consumers suffer less from virtual demand and supply fluctuations.

Long An Province asks Government to lift restrictions on sticky rice exports

Long An Province has called on the Ministry of Industry and Trade to scrap all restrictions on the export of sticky rice since it has around 56,000 tonnes of stocks.

COVID-19 yet to affect HCM City office space market

Though the COVID-19 pandemic has cast a shadow over the global economy, the HCM City office space market has not been badly affected this year, according to property consultancy companies.

Phú Nhuận Jewellery sees revenue up but profit down in Q1

Phú Nhuận Jewellery JSC (PNJ), the largest jewellery retailer in Việt Nam, reports revenue up 5 per cent but profit down 4 per cent in the first quarter of this year.

Cash-rich firms more resilient amid pandemic

Investments in companies with strong finances help safeguard returns during market crises because businesses with ample cash will be better able to cope with challenges and recover faster than others.

Housing prices unlikely to drop despite pandemic: experts

Experts believe that the real estate market is unlikely to fall into a crisis and housing prices will remain stable because market demand remained high while supply is limited.

Travel industry demands coronavirus support

The HCM City Department of Tourism said it has submitted to the State Bank of Việt Nam a list of 31 travel and tourism firms that are seeking help to make it through the disruption caused by the COVID-19 pandemic.

FDI enterprises preparing for life after pandemic

Like domestic enterprises, the disruption of China’s manufacturing network and falling demand from foreign partners have forced foreign-invested firms to scale down operations.

PV Gas set for huge profit decrease

The firm predicts it will record more than VNĐ66 trillion (US$2.79 billion) in sales and VNĐ66.2 billion in profit after tax for 2020, down 13 per cent and 45 per cent respectively compared to last year.