Daily Archives: May 14, 2020

Auxiliary border gates, crossings with China to reopen

  Prime Minister Nguyen XuanPhuc has allowed the re-opening of auxiliary border gates and border crossings to resume trading activities between Vietnam and China, according to the Ministry of Industry and Trade (MoIT).   The permission was issued at the

Footwear sector’s support industry should focus on new materials

To develop the support industry for the leather and footwear sector, the State should have policies to encourage the development of new materials, according to the Vietnam Leather and Footwear Association (Lefaso).   Lefaso General Secretary PhanThiThanhXuan told the Cong

Agribank cuts lending rates for priority fields

The Vietnam Bank for Agriculture and Rural Development (Agribank) has decided to cut interest rates for short, mid and long-term loans in five priority fields, starting from May 13.   The move is in line with the State Bank of

SBV’s policy rate cut a positive sign for market, economy: experts

The State Bank of Vietnam (SBV)’s interest rate cut is a positive sign for the market and economy, especially for businesses with loans, according to experts.   Finance specialist Nguyen Tri Hieu said through the adjustment, the central bank will

HNX-listed firms see post-tax profits up 4.8 percent in 2019

  Listed companies on the Hanoi Stock Exchange (HNX) reported their post-tax profits grew 4.8 percent year-on-year to reach 21.4 trillion VND (912.86 million USD) in 2019.   According to the northern market regulator, as of the end of April

Real estate market to recover shortly: Experts

The slowdown in 2019 and the arrival of the COVID-19 pandemic in the opening months of 2020 saw Vietnam’s property market hit “double trouble”, but experts have said the possibility of a quick recovery remains, especially as the outbreak has

Over 1.89bn USD raised through G-bond auctions this year

The State Treasury has raised over 43.5 trillion VND (1.89 billion USD) from Government bonds auctioned at the Hanoi Stock Exchange since the beginning of this year.   At the latest auction, held this week, the State Treasury offered ten-

Saigon Autotech& Accessories Show postponed till December

The 17th edition of the Saigon International Autotech& Accessories Show (Saigon Autotech& Accessories) will be postponed until the end of this year due to impacts of the COVID-19 pandemic.   Specifically, the event will be organised from December 9-12, instead

Local foundation to assist startups in Australia

The Startup Vietnam Foundation Australia (SVFA) was put into operation in early May, offering a startup and innovation ecosystem for Vietnamese students and entrepreneurs in Australia.   The SVFA’s mission is to connect Vietnam’s startup community with international resources and,

Vinacas recommends cashew enterprises to trade carefully

  The Vietnam Cashew Association (Vinacas) has recommended cashew processing enterprises remain calm and try not to sell off their products to avoid potential losses.   A representative of the association said: “There are more demands for the nuts, but