Vietnam has 4 representatives in Forbes' top 2,000 largest companies in 2020
Vietcombank, BIDV, Vingroup and VietinBank are the four representatives from Vietnam contributing to Forbes' list of the world's 2,000 largest public companies this year, with their rankings all elevating sharply.
Vietnam Ministry of Transport proposes to resume new airlines from 2022
Vietnam Ministry of Transport just proposed to resume new airlines establishment from 2022 when the aviation industry recovers from the Covid-19 pandemic.
Hospitality industry unlikely to recover until next year due to its sharp decline
The rapid spread of COVID-19 around the globe has caused significant damage to several industries, including tourism, which has been one of the hardest hit. Therefore, it is believed a challenging made for the hotel industry to fully recovery in 2020, with a full recovery likely to take place by 2021.
Vietnam industrial estate to grow strongly as multinationals leave China
Vietnam’s industrial real estate is forecasted to thrive as foreign investors move production out of China after the Covid-19 pandemic, according to industry insiders.
Vietnam real estate market remains optimistic
Real estate is facing many difficulties such as the impact of disease, scarce supply...but many factors make investors still believe in the "dawn" of the real estate market in 2020.
Over 1,000 women entrepreneurs in Viet Nam to be supported by Mastercard and CARE
Right after the ease of social distancing due to the Covid-19 outbreak with the resume of business activities in Vietnam, Mastercard Center for Inclusive Growth, an independent subsidiary of Mastercard, is working with CARE, an International Non-Governmental Organization, to provide direct assistance to thousands of women entrepreneurs, which is playing a critical role for economic recovery of Vietnam.
Vietnam commercial banks support over 300,000 Covid-19 affected borrowers
Commercial banks cut interest rates on VND980 trillion (US$42.6 billion) of loans to aid 318,000 COVID-19 affected individual and corporate borrowers by the end of April, according to the State Bank of Viet Nam (SBV).
Vietnam credit institutions settled nearly US$ 1.2 billion of bad debts in Q1 2020
Credit institutions in Vietnam retained more than VND26.94 trillion (US$1.17 billion) of non-performing loans (NPLs) in the first quarter of this year.
Vietnam to put thousands of imported pigs into COVID-19 quarantine
Vietnamese enterprises are increasing imports of breeding pigs to help restock herds across the country battered by an African swine-fever outbreak. These pigs will be put into quarantine according to COVID-19 regulations.
Vietnam to cease new airlines establishment due to Covid-19
Vietnam will not consider applications for new airlines as the country prioritises the recovery of its aviation sector after the impact of the novel coronavirus, the Civil Aviation Authority of Vietnam (CAAV) said on Wednesday.
Vietnam PM allows re-opening of sub-border gates with China
The Prime Minister (PM) has permitted to re-open sub-border gates and border crossing to resume goods trading activities between Vietnam and China, according to the Ministry of Industry and Trade.
Vietnam Airlines opens five new domestic routes
On 12-5, Vietnam Airlines Corporation (Vietnam Airlines) said that in May 2020, the national flag carrier is slated to open five more domestic routes with ticket fares starting from only VND 99,000 per route (US$ 4.25).
Vietnam Central bank reduces rates to aid post-pandemic recovery
The State Bank of Vietnam cut its policy rates for a second time in two months on Wednesday as it seeks to boost growth amid the coronavirus pandemic.
Noi Bai international airport in Hanoi among world’s top 100 for fifth consecutive year
The Noi Bai International airport in Hanoi has made it into the world’s top 100 airport listing for the fifth consecutive year in 2020, announced the Airports Corporation of Vietnam (ACV) on May 12, but still lags far behind other Southeast Asian airports.
Workers’ welfare determined priority amid COVID-19
As the Covid-19 has challenged the usual operation of manufacturing activities across Vietnam, some businesses have put forth on protecting workers’ health as well as ensuring a safe working environment as an essential move to overcome the pandemic.
Hanoi to speed up public investment disbursement
In order to fulfill public investment targets and minimize the impact of the Covid-19 pandemic on economic growth, the Hanoi People’s Committee has issued a document on speeding up disbursement progress of its five-year medium-term public investment plan (2016-2020) and of its 2020 plan, reported by Vietnam Economic News.
Mobile money pilot project await for PM's consent
A mobile money pilot project has been submitted to the Prime Minister for consent, marking a bold step for the development of payments using telecommunication accounts in Vietnam, Governor of the State Bank of Vietnam Le Minh Hung said on Saturday.
EVFTA - New gateway for market diversification and economic growth
The European-Vietnam Free Trade Agreement (EVFTA) will play a critical part in bringing new opportunities for market diversification and help Vietnam to reduce its reliance on certain trade partners, economic experts from RMIT discussed.
Fitness startup WeFit files for bankruptcy
Onaclover Jsc, the owner and developer of Hanoi-based fitness app WeFit, announced its bankruptcy and termination of services in a Monday email to customers due to financial struggle linked to the Covid-19 pandemic.
The Covid-19 brings to Vietnam opportunities of from-China production movement
Vietnam's Covid-19 record could make it an attractive investment destination as economies seek to make their supply chains less dependent on China.
