Daily Archives: March 13, 2020

Landlords offer rent relief to cushion blow of COVID-19 on shops, restaurants

Tenants across Vietnam are facing tough market conditions due to the heavy impact of the widely-spreading novel coronavirus disease (COVID-19), so some landlords are offering rent relief to help ease the pressure.According to global real estate service...

New TV series focuses on lives of young people

A new TV series titled Nha Tro Balanha (Homestay Balanha), depicting the dreams and failures of youngsters, will be broadcast by Vietnam Television.New graduates Lam, Bach and Nhan wanted to make something special. They established a homestay called B...

New TV series focuses on lives of young people

A new TV series titled Nha Tro Balanha (Homestay Balanha), depicting the dreams and failures of youngsters, will be broadcast by Vietnam Television.New graduates Lam, Bach and Nhan wanted to make something special. They established a homestay called B...

VYEA raises funding for SARS-CoV-2 test kit production

The Vietnam Young Entrepreneurs’ Association (VYEA) has raised 5 billion VND (217,000 USD) from individuals and businesses in support of the production of 10,000 sets of SARS-CoV-2 test kit, its Chairman Dang Hong Anh said on March 13.The VYEA

Over 3,000 business households in Hanoi dissolved or suspended

More than 3,000 business households were dissolved or suspended their operations in Hanoi in the first two months of this year due to the impact of the COVID-19 outbreak.Information from the Hanoi Tax Department said that over 1,080 business

Petrolimex postpones annual shareholders’ meeting

The Vietnam National Petroleum Group (Petrolimex) has decided to postpone its annual shareholders’ meeting 2020 scheduled for April 28, amid the complicated developments of the acute respiratory disease caused by SARS-CoV-2 (COVID-19).Accordingly, the...

Wood exports post marked growth amid virus outbreak

The fallout of the coronavirus outbreak has been felt in many sectors, but not the timber industry as its export revenue in the first two months of 2020 reached 1.5 billion USD, up 10.1 percent year-on-year.Virus fears have forced

Vietnamese mobile phone companies unable to compete with foreign giants

Vietnamese mobile phone manufacturers face severe competition, and struggling to retain market share, from foreign players across segments, experts warn.Samsung, for instance, does not just sell phones but has built an entire manufacturing eco-system ...

EVN needs 93.2 trillion VND for power projects this year

The Electricity of Vietnam (EVN) needs total investment capital of 93.2 trillion VND (3.97 billion USD) for power projects this year and it will focus all resources to ensure the progress of such projects, according to the group.With the

Reference exchange rate up 15 VND on March 13

The State Bank of Vietnam set the daily reference exchange rate at 23,212 VND per USD on March 13, up 15 VND from the previous day.With the current trading band of +/-3 percent, the ceiling rate applied to commercial