Vietnam economy hit hard by COVID-19 pandemic: WB

Vietnam has been hit hard by the current novel coronavirus pandemic (COVID-19), but it will show signs of recovery in the post-coronavirus period, the World Bank said in its Vietnam Macro Monitoring report for May.

Trump thanks Vietnam for medical supplies and gifts

U.S. President Donald Trump, speaking in a phone conversation with Vietnam’s PM Nguyen Xuan Phuc on May 6, thanked Vietnam and its people for medical supplies and gifts for the US and American people.

Looking back on glorious Battle of Dien Bien Phu

In 1953, eight years after reinvading Indochina, despite having mobilised huge economic and military resources, the French colonialists failed to achieve their purpose of destroying the revolutionary government

Athletes to run in Da Nang’s International Marathon in August

The Manulife Danang International Marathon 2020 will be held on August 9 at the Bien Dong Park in Da Nang City.

Tornado tears through district in Nghe An, one injured

A tornado ripped through the district of Tuong Duong in central Nghe An Province on Tuesday afternoon, leaving a woman injured and destroying hundreds of houses.

COVID-19: Laos agrees to facilitate repatriation of Vietnamese citizens

Lao authorities have agreed to allow Vietnamese citizens living and working in Laos to return to Vietnam via international border gates, the Vietnamese Embassy in Laos said on Tuesday.

UV indexes soar as big cities in Vietnam enter heat wave

Ultraviolet (UV) indexes in Hanoi, HCM City and Da Nang on Wednesday are forecasted to reach strong and very strong levels, raising the risk of skin damage in direct sunlight.

Vietnamese citizens stranded in the US to return home on May 7

A flight carrying Vietnamese citizens from the US is scheduled for May 7, the Vietnamese Ministry of Foreign Affairs said on Tuesday.

Arrest warrant issued for Binh Dinh former official

The Investigation Police Agency in central Binh Dinh Province has issued an arrest warrant for Truong Hai An, a former official of the province, on charges of abuse of trust and property appropriation.

Vietnam must reach GDP growth of 5 per cent this year: PM

Vietnam’s GDP growth in 2020 must reach 5 per cent, higher than the 2.7 per cent the International Monetary Fund (IMF) has forecast, Prime Minister Nguyen Xuan Phuc has said.

Deputy Minister: pork prices in Vietnam may stabilise by year end

The domestic pork prices could be stabilised by this year end, Deputy Minister of Industry and Trade Do Thang Hai said at a Government meeting on Tuesday in Hanoi.

HCM City weighs plans for economic recovery

HCM City authorities are seeking opinions from experts and enterprises on the best ways to revive the economy, a top city official said yesterday at a seminar.

Construction on biggest data centre in Vietnam starts

Construction on the country's the largest data centre, owned by FPT Telecom, officially started at the Hi-Tech Park in HCM City on Monday.

Fee for industrial wastewater treatment in Vietnam to be changed in 2021

The Government has issued a new decree on environmental protection fees for industrial wastewater treatment that will replace Decree 154 in 2016.

VN Trade Ministry suggests gateway to sell local products on Amazon

Linking the local market with Amazon is suggested as a way to cope with the negative impacts of the COVID-19 pandemic on business and production, said the Ministry of Industry and Trade (MoIT).

Are delivery services earning big money during the pandemic?

Hanoi asked for permission to close shops and some business activities to fight against Covid-19 on March 25. 

No special treatment for support industries: Finance Ministry

The Ministry of Finance (MoF) and the Ministry of Industry and Trade (MoIT) have failed to find common ground with regards to tax policies for Vietnam’s support industry enterprises.

Essential Flavours donates rice to vulnerable people through COVID-19 pandemic

In response to the call of the Vietnamese Prime Minister and the Vietnam Fatherland Central Committee on Covid-19 prevention, Essential Flavours has donated hundreds of rice sacks to support vulnerable people in Vietnam.

BUSINESS NEWS HEADLINES MAY 7

Firms need policies for sustainable development after pandemic

How will Vietnam’s economy perform in the time to come?

As some business fields are stagnant and the government’s shock relief plans need more time to bring benefits, the picture of the national economy is expected to be darker in Q2 than in Q1.

Nudging investors towards new pastures

There is now plenty of movement by German enterprises re-orienting from China, complementing their existing Chinese operations with new activities in Vietnam regarding sourcing and investments.

Foreign groups step up plans to enter or expand in Vietnam

While China is struggling with the pandemic and is losing the confidence of foreign investors, proven resilience is pushing Vietnam to the fore as an ideal investment and manufacturing hub for Southeast Asia.

Drinks groups in VN facing double 2020 sales hit

After gaining sweet fruits for years, giant beer and beverage companies in Vietnam are facing losses due to not only the ongoing health crisis, but also tightened drink-driving penalties. 

Taking lessons on board for an economic jump-start

Vietnam’s economy has been seriously hurt by the continuing coronavirus pandemic. 

Scientists explain magnetic pole's wanderings

The North Magnetic Pole has been racing across the top of the world, from Canada towards Siberia.