Daily Archives: March 10, 2020

Businesses refrain from issuing bonds due to COVID-19 epidemic

The volume of corporate bonds issued during February has reduced remarkably compared to the previous month due to the negative impacts of the COVID-19 epidemic on the stock market.According to a report released by SSI Securities Corporation on March

Tourism Advisory Board proposes halving tax for travel companies

Vietnam's Tourism Advisory Board (TAB) has proposed to half value added tax (VAT) for the tourism sector from 10 percent to 5 percent to help businesses deal with the acute respiratory disease caused by the novel coronavirus SARS-CoV-2 (COVID-19)

Northern power firm reports over 11 percent growth in February

The Northern Power Corporation (EVNNPC), a subsidiary of Vietnam Electricity (EVN), has reported that its commercial power output in February picked up 11.04 percent year-on-year to more than 5.15 billion kWh, despite rampant COVID-19 outbreak.Power l...

Masan Group gains 3 trillion VND from bond issuance

Masan Group, a private conglomerate in Vietnam, has successfully issued 30 million bonds, named BondMSN012023, worth 3 trillion VND (128.8 million USD).The firm said its three-year bonds, worth 100,000 VND each, were offered from February 17 to March ...

Vietnam’s stock market has tough time in February

The Vietnamese stock market had a tough time throughout February with most stocks weakening amid concern about the global spread of the coronavirus disease (COVID-19).The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) ended the month plum...

Banks cut savings rates to ensure lower-interest loans

A number of commercial banks have lowered their interest rates on savings accounts by 0.1-0.4 percentage points in order to offer loans at a lower interest rate to businesses and individuals affected by the COVID-19 outbreak.As of March 6,

Consumer goods abundant, prices stable

Supermarkets in HCM City have worked with suppliers to ensure there is sufficient supply of goods at steady prices for the next two to three months, diminishing public fear of shortages.Since March 6 night, when the 17th COVID-19 case

Reference exchange rate down 5 VND on March 10

The State Bank of Vietnam set the daily reference exchange rate at 23,195 VND per USD on March 10, down 5 VND from the previous day.With the current trading band of /-3 percent, the ceiling rate applied to commercial

MobiFone ready to launch 5G service in major cities

Telecom provider MobiFone announced on March 10 that it has successfully piloted the fifth generation (5G) wireless internet technology in Ho Chi Minh City, Da Nang and Hai Phong cities.After nearly one year of pilot test, MobiFone is now

Vietnam to release white book on cooperatives

The 2020 white book on cooperatives of Vietnam, the first of its kind so far, is scheduled to be released this April, aiming to serve the making of policies on developing the most important element of the collective economy.Nguyen