Business

The General Department of Vietnam Customs has reported that the Vietnam – Japan trade reached 6.2 billion USD in the first two months of this year, an 8.6-percent increase from a year earlier.

Hundreds of firms in Danang City have shut down or gone bankrupt as China is closed to imports due to the Covid-19 pandemic.

Many restaurants in Hanoi are still open, ignoring the local authorities’ ban for Covid-19 prevention.

A 450MW solar power plant, the largest of its kind in Southeast Asia, will be built in Phuoc Minh commune in the south central province of Ninh Thuan.

Foreign direct investment (FDI) pledges to Vietnam in the first three months of 2020 fell by a sharp 20.9% over the same period of 2019 to US$8.55 billion, according to the Foreign Investment Agency.

The hospitality industry in Vietnam has been one of the hardest hit by Covid-19 pandemic, but is likely to see the fastest and strongest recovery after the disaster, a real estate expert has said.

The Asian Development Bank is ready to provide Vietnam with timely and flexible support for the government’s response to the novel coronavirus (COVID-19) pandemic.

The State Bank of Vietnam has said it will not cap foreign ownership of companies in the payment services industry in its draft decree to replace Decree No.101.

The coronavirus pandemic has sent stock markets into freefall and industries to the wall, however many firms enabling more private, online and tech-based living are emerging as potential winners.

The fifth VietChallenge 2020 - the global entrepreneurship competition for Vietnamese, was launched at a virtual ceremony in Hanoi.

Many companies in Vietnam have permitted their staff to work from home to limit the risk of Covid-19 infection.

The US Government has no plan to suspend the import of Vietnamese garments-textiles, said Vietnamese Ambassador to the US Ha Kim Ngoc.

Prime Minister Nguyen Xuan Phuc on March 20 stressed the need to regulate price of pork by the market price with certain management, and to prevent speculation and unreasonable price hiking in this sector.

Projects invested by Japanese investors or funded by Japanese official development assistance capital have played a crucial role in economic development of Vietnam and Hanoi in particular, said Chairman of the municipal People’s Committee Nguyen Duc Chung.

HCM City authorities are seeking Prime Minister Nguyen Xuan Phuc’s approval for extending tax payments and slashing different kinds of taxes for local businesses amid the worsening Covid-19 epidemic.

The COVID-19 pandemic is causing considerable impact on Hanoi’s economy, but the capital city still maintains its growth target of 7.51 percent for this year.

As many as 120 hotels nation-wide have offered the use of their facilities as quarantine areas.

The Asian Development Bank today announced a USD6.5 billion initial package to address the immediate needs of its developing member countries as they respond to the novel coronavirus (COVID-19) pandemic.

National flag carrier Vietnam Airlines has announced a halt of flights between Vietnam and Russia and Taiwan from March 19 amid the Covid-19 spread.