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Mekong Delta considers VND67-trillion expy projects

The Mekong Delta is expected to introduce two more major expressways, whose total investment exceeds VND67.4 trillion, in the years to come to bolster the region’s socioeconomic growth, according to the Ministry of Transport.

 

BUSINESS NEWS HEADLINES FEB. 20

Vinaconex to gain $35.8 million from VCP shares

Vietnam focuses on developing 5 groups of digital products

Vietnam has experienced two periods of digital product development. Developing a digital ecosystem plays an important role in promoting sustainable socio-economic development.

Sugarcane no longer sweet for Mekong Delta’s largest producer

Hau Giang Province, the largest sugarcane producer in the Cuu Long (Mekong) Delta, is growing less and less of the crop as prices fall sharply.

Wading through current condotel entanglements

The condotel market has been stagnant for the last two years and many developers are falling on hard times. Kevin B. Hawkins, co-executive partner from Zico Law Vietnam, offers suggestions to help developers in the country cope.

Tien Phong Marathon held on Ly Son Island

The 61st Tien Phong Marathon is scheduled to be held on Ly Son Island in Quang Ngai Province on March 22.

ASEAN Defence Ministers’ Meeting Retreat opens, adopts declaration on fighting COVID-19

The ASEAN Defence Ministers’ Meeting Retreat (ADMM Retreat) officially opened in Hanoi on Wednesday morning, under the chair of Vietnamese Defence Minister Ngo Xuan Lich.

 

VN investment inflow below expectations after CPTPP

A year since the CPTPP came into force, trade between Viet Nam and other members of the trade deal had posted significant gains, but the potential to expand remained large, according to the Ministry of Industry and Trade.

 

The sun still shines in Vietnam: World Bank

Saying that ‘the sun is still shining above the Vietnamese sky’, the World Bank has also noted that the country should not ignore risks that could occur during bad times.

Govt’s new decree removes barriers to automobile imports

Automobile importers in Vietnam will no longer have to obtain a Vehicle Type Approval (VTA) certificate from authorities in exporting countries, making it easier for them to import cars into the country.

 

The octogenarian shoemaker in Saigon

At the age of 88, Trinh Ngoc still makes handmade leather shoes everyday. His store in HCMC’s District 3 has served both local and foreign guests for decades.

Covid-19 takes toll on small, large firms

The novel coronavirus, now officially named Covid-19, has dealt a blow to both small and large firms.

 

Vietnamese student describes experience of lockdown at China school amid epidemic

Do Khai Ly is one of three Vietnamese students studying at Zhejiang Sci-Tech University in Hangzhou City, but her two friends have already returned home.

Coronavirus hits supply chains of U.S. firms in Vietnam: AmCham Survey

A number of U.S.-invested firms in Vietnam suffering supply chain complications have deep concerns about the economic impact of the novel coronavirus, or Covid-19, a survey of American Chamber of Commerce (AmCham) members indicated.

 

Eight business fields to suffer most from Covid-19

Three major scenarios for economic development in 2020 have been drawn up by Can Van Luc and researchers from BIDV.

No delays to F1 race in Hanoi despite virus

The Formula 1 VinFast Vietnam Grand Prix 2020 will still take place as scheduled on April 5 despite growing concerns over the novel coronavirus (COVID-19) outbreak, the Hanoi Tourism Department announced yesterday afternoon, Feb 18.

Farm produce prices slump as Covid-19 hits exports

The suspension of trade in seafood and agriculture products at some northern border gates with China as a measure against the novel coronavirus (Covid-19) has caused a demand-supply imbalance in the market.

 

Tay Ninh to renovate historic sites for tourism with nearly US$19mil.

The southern province of Tay Ninh plans to renovate 22 historic relic sites at a total cost of more than VND440 billion (nearly US$19 million) this year in an aim to attract more tourists.

VN central bank makes net cash withdrawal amidst high inflation pressure

The State Bank of Vietnam made a net cash withdrawal worth VND86 trillion out of the economy through open market operations (OMO) from January 20 to February 14.

 

Real estate businesses ask VN Government to remove difficulties

The Vietnam Real Estate Association (VNREA) will next month propose solutions to Prime Minister Nguyen Xuan Phuc to remove difficulties in administrative procedures, capital and cut loan interest for real estate businesses.