Moody's Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies and two Vietnamese banks on review for downgrade.

Cashew exports are expected to surge in the latter half of the year once the COVID-19 pandemic is put under control.

The south-central coastal province of Binh Thuan declared a Level 2 emergency on May 7 regarding drought and water shortages.

As the dollar price has decreased in the international market, the official exchange rate announced by the State Bank of Vietnam (SBV) and dollar market price have also decreased slightly.

Vietravel Airlines, belonging to Vietravel - one of the country’s largest tour operators - plans to launch its first flight early next year.

Chairwoman of the Vietnamese National Assembly Nguyen Thi Kim Ngan and her Lao counterpart Pany Yathotou discussed the fight against COVID-19 in the two countries, 

The annual National Cycling Tournament, HCM City Television Cup, will be held on May 19 to June 7.

Honda Vietnam said the company plans to shift from manufacturing to importing vehicles due to manufacturing interruptions and market stagnation caused by the COVID-19 pandemic.

Foreign Ministry’s spokeswoman Le Thi Thu Hang has said Vietnam rejects China’s unilateral decision on fishing ban in the East Sea from May 1 to August 16.

VinaCapital has predicted a 3 percent GDP growth rate reduction because of Covid-19, while Fitch has projected a modest growth rate of 3.3 percent, and ADB 4.8 percent.

Some large corporations have shifted to making products that can be useful in the fight against Covid-19. Vingroup has promised to make ventilators, and garment companies are making face masks from antibacterial fabric.

Vietnam’s tra fish exports fell 29.3 percent year on year to 334 million USD in the first three months of this year, due to the COVID-19 pandemic, but the industry – a big foreign currency earner – may fully recover in the third quarter.

Successful property transactions accounted for 14 percent of the total existing units in the first quarter of 2020, marking a decrease of 60 percent from the same period last year and also the lowest in the past four years, according to a report.

The northeastern province of Quang Ninh is planning to build a riverside road connecting with the Ha Long-Hai Phong-Hanoi expressway.

Export of drugs used for COVID-19 treatment to be resumed

International media have continued to speak highly of the leadership of the Communist Party of Vietnam (CPV) and measures taken by the Government to curb the spread of the COVID-19 pandemic.

Vietnam faces increasing tax evasion and avoidance as policies have not kept up with reality, according to a report by the Vietnam Institute for Economic and Policy Research (VEPR) and Oxfam.

The Chinese Embassy in Vietnam held a press teleconference in Hanoi on May 7 to discuss bilateral ties and international cooperation in the fight against COVID-19.

Domestic passenger transportation services will resume from 0:00 on May 8 to meet people's traveling demand as the COVID-19 epidemic is under control in Vietnam, said the Ministry of Transport.

Vo Van Thuong, Politburo member, Secretary of the Party Central Committee and Chairman of its Commission for Information and Education, cut the ribbon to open the exhibition “Ho Chi Minh – Sketches of Portrait” in Hanoi on May 7.