Vietnam imported 44,973 cars in the first seven months, down 47.5% year-on-year amid a slump in auto demand due to COVID-19.

Vietnam has spent around US$2.6 billion on importing 36.5 million tons of coal in the first seven months of this year, up 50% in volume year-on-year.

Ton Duc Thang University has become the only Vietnamese representative in the 2020 Academic Ranking of World Universities' top 800.

Samsung increased its market share to 33% in the second quarter to become the largest smartphone brand in Vietnam.

HSBC has issued VND600 billion (US$25.7 million) worth of bonds, becoming the first foreign bank to do so in Vietnam.

Ho Chi Minh City landlords have been forced to lower rents further with the second wave of COVID-19 hitting demand.

The Dung Quat refinery has processed Russian Sokol crude oil on trial basis to diversify resources.

The resurgence of COVID -19 cases in Vietnam is proving even more challenging than the first wave, with surging community transmission and deaths, business leaders say.

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.

Many firms have been caught off guard by the sudden spike in new COVID-19 cases, disrupting plans adjusted after the pandemic’s initial impacts.