Budget overspending looks likely

25/04/2020 19:51

The Ministry of Finance forecast a budget overspending at 5-5.1% of gross domestic product (GDP) this year, about 1.5-1.6 percentage points higher than the Government’s plan due to the impacts of the COVID-19 pandemic.

COVID-19 presents opportunities to attract more FDI

23/04/2020 18:19

The COVID-19 pandemic has had a serious impact on Vietnam’s economy but it’s also believed to create the conditions to attract more foreign direct investment (FDI) as there have been signs of a switch in capital flows away from China and to ASEAN member countries.

Localities, exporters propose lifting rice export limits

23/04/2020 16:13

Officials from provinces and cities in the Mekong Delta – the country’s rice granary - and rice exporters have urged the government to resume rice exports without setting limits, saying many firms face difficulties because of this.

Hanoi looks to recover economy as pandemic continues

22/04/2020 18:44

Hanoi authorities have been identifying and introducing solutions to address pressing difficulties facing production and business and ensure social security amid the COVID-19 pandemic, the 23rd meeting of the 16th Hanoi Party Committee heard on April 22.

EVFTA to grow Vietnam’s fertilizer industry

21/04/2020 19:17

Free trade agreements (FTA), including the latest one signed between Vietnam and the EU, will benefit the domestic fertilizer sector, with more diverse import and export markets, experts said.

COVID-19: many real estate trading floors close

21/04/2020 17:19

The transaction volume on the domestic real estate market dropped to a four-year low for Q1 due to the impacts of the COVID-19 pandemic, and many real estate trading floors have temporarily closed, according to the Vietnam National Real Estate Association (VNREA).

Aquatic exports to China shows sign of recovery

20/04/2020 17:31

Vietnam exported nearly 13 million USD worth of tra fish to China in the first half of March, 1 million USD higher than February’s number, a sign of recovery for Vietnamese exports of aquatic products to the neighboring country.

Fitch lowers VN banks’ rating outlooks due to coronavirus

19/04/2020 22:56

Fitch Ratings has recently revised the outlook on long-term issuer default ratings of two State-owned banks, and a wholly foreign-owned bank in Vietnam, to stable from positive, and the outlooks for two joint stock commercial banks to negative from stable.

Coffee industry to face more losses in Q2

18/04/2020 21:25

Vietnam's coffee industry will probably suffer more losses in the second quarter due to the COVID-19 pandemic, Phan Xuan Thang, Vice Chairman of the Vietnam Cocoa and Coffee Association, has said.

FDI enterprises preparing for life after pandemic

18/04/2020 21:23

Foreign-invested enterprises (FDI) in Vietnam have been maintaining production despite difficulties caused by the COVID-19 outbreak while preparing plans to recover after the pandemic ends.

Vietnamese, Chinese officials discuss maintaining trade

17/04/2020 22:57

Minister of Industry and Trade Tran Tuan Anh held phone talks with Director of China’s General Administration of Customs Ni Yuefeng and Minister of Commerce Zhong San on April 17 to identify measures aimed at addressing the growing backlog of Vietnamese exports at border areas since the beginning of this month.

Wood industry tries to survive during COVID-19

15/04/2020 17:11

Amid an array of difficulties caused by the COVID-19 pandemic, the wood industry is exerting every effort to maintain business and production, while implementing initiatives and defining strategic lines of products and markets.