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Experts propose banning electronic cigarettes in Vietnam

Many experts have proposed banning electronic cigarette sales, production and advertising in Vietnam as it contains nicotine that can cause cancer and damage people’s health.

BUSINESS NEWS HEADLINES MARCH 9

Covid-19 may weigh on Vietnam banks’ performance: Fitch Ratings

Craft villages benefit from e-commerce

In recent years, craft villages in Ho Chi Minh City have introduced their products on online trading platforms. This has helped the villages trade efficiently and assert their brand value.

Illegally-parked cars in HCMC to be pictured and fined

HCM City Department of Transport announced that they will start taking photos of illegally-parked cars and issue fines to the owners from March 10.

 

Market regulator agrees on financial leveraging for UPCoM stocks

Margin lending may be allowed on the Unlisted Pubic Company Market (UPCoM), the State Securities Commission (SSC) vice chairman Pham Hong Son said on Wednesday.

 

Corporate debt seen as big risk in 2020

Some large private corporations have had to withdraw their capital from many projects and take out new loans.

Hanoi man finds passion in watch engraving

A man in Hanoi has become well-known among many watch lovers for his work on hand-engraved watches.

Danang cyclo drivers experience hard times due to Covid-19 outbreak

Cyclo services in Danang City are struggling to find customers as the tourism industry has been hit by fears of the Covid-19 outbreak.

 

Five Mekong Delta provinces declare state of emergency over seawater intrusion

Local authorities in Tien Giang, Ben Tre, Long An, Kien Giang and Ca Mau provinces in the Mekong Delta have declared a state of emergency as seawater intrusion and drought are worsening in the delta.

 

Vietnam to support S.Korea in assisting citizens: ministry

South Korea will send three quick response teams to Vietnam to assist 276 Koreans under quarantine in Vietnam.

12th graders in HCMC to return to school on March 9

Twelfth graders in HCMC will return to school on March 9 following an extended Lunar New Year holiday due to concerns about the fast spreading coronavirus, according to a decision of the municipal government.

 

Minister on same flight with 17th coronavirus patient tests negative for virus

Minister of Planning and Investment Nguyen Chi Dung has tested negative for coronavirus even though he was in the same C-class cabin with N.H.N, Vietnam’s 17th Covid-19 patient, on a flight from the United Kingdom to Vietnam.

 

Investors eye promise of booming fintech market in Vietnam

 In 2019 venture capital funding pouring into Vietnamese fintech companies accounted for 36 percent of total fintech investment in the region with HCM City and Hanoi emerging as regional as fintech hubs.

Rules of origin pose questions for sectors jostling for position

Although the free trade agreement between the EU and Vietnam will offer great opportunities for wood investors and exporters, its rules of origin may not provide a big boon to local textile and garment businesses.

Vietnamese mobile phone companies unable to compete with foreign giants

Vietnamese mobile phone manufacturers face severe competition, and struggling to retain market share, from foreign players across segments, experts warn.

 

When will the Vietnamese automobile dream come true?

Vietnam still has to import car parts for domestic assembling. As a result, the production cost is high and domestically made products remain less competitive than imports.

Hanoi to broadcast lectures on television

The Hanoi Department of Education and Training is planning to broadcast lessons and lectures via television, scheduled to begin airing on March 9.

Vietnam proposes 13 priorities for 26th AEM Retreat

A preparatory senior economic officials' meeting for the 26th ASEAN Economic Ministers’ Retreat (PREP-SEOM for the 26th AEM Retreat) was held in Da Nang city on March 8.

VN steelmakers hit hard by virus outbreak as demand, prices spiral

Vietnamese steelmakers were in need of State support to minimise the damage caused by the outbreak of COVID-19, which could well reach a pandemic as dozens of countries reported new infections.

Epidemic causes credit growth to slow significant in first two months

Credit growth of the banking system in the first two months of this year reached only 0.06 percent, slowing significantly against the 1 percent rate in the same period last year, due to impacts of the COVID-19 epidemic.