Business

Theconsumer price index (CPI) of Hanoi in the first quarter of 2020 increased by 5.23 percent against the same period last year, according to the municipal Statistics Office.

Vietnam has taken full advantage of the CPTPP to gain strong growth in exports to Canada and Mexico, according to the Ministry of Industry and Trade (MoIT).

Amid rising demand for virus prevention, more types of mobile disinfection chambers have been introduced in various public places in Vietnam.

Vietnam has imported 1,500 tonnes of pork from a Russian company.

Vietnamese confectionery businesses have upgraded production technologies to improve quality and efficiency, and developed new product lines to retain market share at home and also boost exports amid fierce competition.

GE’s Cypress platform wind turbines in the Mui Ne wind farm will be the largest rotor diameter for an onshore project in Asia and will be the first to transport blades in two pieces before assembly on site.

The Vietnam Association of Seafood Exporters and Producers reported that 35-50% of the orders from the EU and the US had been cancelled or postponed.

Vietnam’s gross domestic product (GDP) in the first quarter of 2020 grew 3.82 percent, the lowest pace during the 2011-2020 period, head of the General Statistics Office Nguyen Bich Lam said at a press conference in Hanoi on March 27.

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.