VOV.VN - The opening seven months of the year saw the index of industrial production (IIP) in Ho Chi Minh City suffer an annual drop of 5.5% due to the novel coronavirus (COVID-19) pandemic, according to the municipal Department of Industry and Trade.
VOV.VN - With the EU representing a meticulous market, there is no room for impatient businesses that show a lack of creativity or have poor-quality goods, meaning that local firms must be proactively innovative with their product quality and strive to meet high standards set on goods and services.
VOV.VN - The domestic price of gold surged to reach an all-time high of VND59.85 million per tael on the morning of August 6 after the precious metal skyrocketed to US$2,055.1 per ounce in the global market.
VOV.VN - Vietnam witnessed modest earnings from rice exports to the EU market as a result of high import duties and restrictions caused by limited rice quotas provided by the EU, according to the Ministry of Industry and Trade (MoIT).
There has been a major reshuffle in profit rankings at the top of the banking industry due to the effects of the pandemic and provisioning for bad debts.
Vietnam is expected to continue growing its share of global exports despite decline amid the resurgence in the COVID-19 pandemic after three months of no local transmissions, according to an HSBC report.
The Russia-Vietnam oil and gas joint venture (Vietsovpetro) has pumped up 500 million cubic metres of gas from Thien Ung field, which has been in operation since late 2016.
Gojek, the leading on-demand service and payment platform in Southeast Asia, officially debuted its app in Vietnam on August 5.
Thailand’s Banpu and its power business arm Banpu Power (BPP) have joined forces to acquire El Wind Mui Dinh, an onshore wind farm in the south-central province of Ninh Thuan, in a deal worth US$66 million.
Vietnam has seen a digital wave in the finance-banking industry, with many lenders investing significantly in digitisation, experts have said.
Viettel Global, a foreign investment unit of telecoms giant Viettel, posted a before-tax profit of VND1.17 trillion (US$50.7 million in the first half of this year, equivalent to the same period last year.
VOV.VN - For the first time this year gold smashed the US$2,000 per ounce mark in the global market early August 5, prompting local gold prices to reach a new peak of VND58.7 million per tael shortly afterwards.
Prime Minister Nguyen Xuan Phuc has issued a plan for implementing a trade agreement between Vietnam and Cuba.
The International Finance Corporation (IFC) – a member of the World Bank Group – will provide another US$40 million for the Orient Commercial Bank (OCB) to help with the support of COVID-hit clients, especially small and medium enterprises (SMEs).
VOV.VN - Vietnam exported 1.6 million tonnes of cassava and cassava-based products with a value of US$542 million during the opening seven months of the year, according to figures released by the Ministry of Agriculture and Rural Development.
VOV.VN - The second wave of the COVID-19 epidemic to hit Vietnam has continued to deal a devastating blow to small businesses, travel agencies, and tourist accommodations in the Old Quarter of Hanoi due to the suspension of operations.
Analysts from real estate consultant Jones Lang LaSalle have said domestic and foreign investors alike are actively seeking to purchase high-end hotels in downtown areas, mostly due to limited land supply.
The Vietnam Motor Show 2020, scheduled for October 29 – November 1, will be cancelled due to the complicated developments of COVID-19, announced the Vietnam Automobile Manufacturers’ Association (VAMA) and the Vehicles Importers Vietnam Association (VIVA) on August 4.
The Czech Ministry of Industry and Trade’s website mpo.cz has recently published an article titled “The Vietnamese market is opening up, a free trade agreement can save millions of crowns for Czech companies.”
International integration has been developing remarkably, in Vietnam and Singapore in particular. As two countries in the ASEAN, the international relationship among them has become closer so as to assist each other for mutual development.