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VIB receives $70 million financial package from three int'l institutions

Vietnam International Bank (VIB) has been given a US$70 million loan from three international finance institutions, Taiwanese Cathay United Bank, Industrial and Commercial Bank of China's branch in Hong Kong and Bank of Communications.

 

MobiFone successfully tests 5G network

MobiFone announced on Wednesday that it had successfully tested 5G networks in Ha Noi, HCM City, Da Nang and Hai Phong after nearly a year of preparation.

 

Vietnam Airlines’ profit predicted to drop due to COVID-19 outbreak

The profit of Vietnam Airlines Corporation will be strongly affected by the spread of COVID-19 in countries around the world, according to the preliminary report of the Committee for Management of State Capital at Enterprises (CMSC).

 

Australia, Vietnam co-research roles of tech toward GDP

The Australian Government has announced help for Vietnam to assess the contribution of technology to GDP growth via the Aus4Innovation programme.

 

Short film released to help stop bear bile extraction

Education for Nature – Vietnam (ENV) has released its latest documentary depicting a remorseful bear farmer who decides to surrender his captive bear.

 

State-owned groups, general corporations report big losses due to Covid-19

Enterprises in the transport sector have suffered the most from the epidemic.

Miss Vietnam pageant postponed due to COVID-19

The organisers of the Miss Vietnam 2020 contest have decided to postpone the biennial event, which was scheduled to take place between May and August this year, due to the serious COVID-19 pandemic.

 

More than $150,000 allocated for COVID-19 tests in Hanoi

Hanoi People’s Committee has allocated VNĐ3.5 billion (US$150,600) from the city’s budget for COVID-19 tests.

 

Vietnamese PM allocates VND350bn for Mekong Delta to fight drought

PM Nguyen Xuan Phuc has agreed to give VND350bn (USD15m) to five provinces in the Mekong Delta region to cope with the ongoing drought and saline intrusion.

 

VN banks’ asset quality worsens because of Covid-19

Experts have warned that the epidemic would lead to increased risk in asset quality.

Ministry requires enterprises to have long-term strategy during COVID-19 outbreak

The Ministry of Labour, Invalids and Social Affairs has told all enterprises that they must develop long-term policies for training and job replacement during the COVID-19 outbreak.

 

PM approves plan to close illegal level crossings

Prime Minister Nguyen Xuan Phuc on Tuesday approved the Vietnam Railway Corporation (VNR)’s plan to close illegal level crossings in crowded residential areas by the end of this year.

 

HCM City suspends five driving facilities for using fake licences

HCM City Transport Department has revoked dozens of driving instructor certificates, as part of an inspection by transport authorities that also sanctioned five driving training establishments.

 

Experts slam fake 'virus protector cards'

Experts have warned that so-called virus protector cards advertised online offer no protection against the SARS-CoV-2 (covid-19).

 

ASEAN ministers to fight COVID-19 together

ASEAN economic ministers yesterday completed the second working day of the ASEAN Economic Ministers Caucus Meeting on the Regional Comprehensive Economic Partnership (RCEP) 

 

Private-equity banks cushion market

Private-equity bank shares have performed well amid fears of COVID-19 in the last five weeks.

Coronavirus: Asian stocks fall as US imposes EU travel ban

The announcement by Donald Trump comes after the World Health Organization declared the outbreak a pandemic.

ASEAN strives to push negotiations of regional economic partnership

Economic ministers from member states of ASEAN discussed orientations to speed up the conclusion of the Regional Comprehensive Economic Partnership (RCEP), at a meeting in Vietnam’s central Da Nang city on March 11.

Vietnam to reduce dependence on coal

Vietnam will reduce the total capacity of coal-fired thermal power plants from 2020 until 2030, according to the National Steering Committee for Electricity Development.

VN Index falls amid Covid-19 fears

Securities companies have launched many support packages and incentives to retain investors while waiting for state management agencies to apply measures to revive the stock market.