Daily Archives: July 22, 2020

Virgin Hyperloop Appoints Raja Narayanan as Chief Financial Officer

Raja joins Virgin Hyperloop from Hyundai Aptiv Joint Venture where he focused on enabling the commercialization of L4 autonomous driving technology LOS ANGELES, July 22, 2020 (GLOBE NEWSWIRE) — Today, Virgin Hyperloop announced the appointment of Raja Narayanan as Chief Financial

Virtusa Launches New Services that Balance the Need to Reduce Costs and Maintain Innovation

Enterprise Cost Optimization Targets Seven Key Areas SOUTHBOROUGH, Mass., July 22, 2020 (GLOBE NEWSWIRE) — Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets

Vietnam’s GDP forecast to grow 3.8 percent this year

Vietnam’s economic growth rate this year would reach 3.8 percent if there is no second COVID-19 outbreak in the second half of the year and economic activities gradually resume, the Vietnam Institute for Economic and Policy Research (VERP) has predicted.

Reference exchange rate down 10 VND on July 22

The State Bank of Vietnam set the daily reference exchange rate at 23,221 VND per USD on July 22, down 10 VND from the previous day.   With the current trading band of  +/-3 percent, the ceiling rate applied to

Flexible origin rules will bring benefits to local plastic producers

  Flexible rules of origin in the European Union-Vietnam Free Trade Agreement (EVFTA) will help local plastic enterprises take full advantage of preferential tariffs when exporting to the EU market.   Ngo Chung Khanh, Deputy Director of the Multilateral Trade

FPT’s profit up by 14 percent in first half

FPT Corporation overcame challenges due to the COVID-19 pandemic in both the global and domestic markets to achieve positive financial results in the first half of the year, especially in core business lines.   Its total revenue and profit before

Large-scale wind power project planned in BinhThuan

  Denmark’s Copenhagen Infrastructure Partners (CIP) along with Asiapetro and Novasia Energy signed a memorandum of understanding with the BinhThuan Provincial People’s Committee on July 22 to develop the 3.5GW La Gan wind power project off the coast of the

Vietnam Energy Summit 2020: Looking for specific mechanisms for energy development

The energy sector has grown into a large-scale industry with dynamic growth, but specific mechanisms are needed for the sector to develop further, heard the Vietnam Energy Summit 2020 which opened in Hanoi on July 22.   Addressing the event,

Vietnam, US to strengthen fishery law enforcement capacity

The Directorate of Fisheries at the Ministry of Agriculture and Rural Development and the Bureau of International Narcotics and Law Enforcement Affairs at the US Department of State signed a memorandum of understanding (MoU) on July 22 in Hanoi on

Japanese firm to invest in protective clothing factory in Vietnam

Japan will assist apparel maker Matsuoka Corp. in producing protective clothing in Vietnam to diversify supply chains and lessen its dependence on China amid the coronavirus crisis.   Matsuoka plans to invest 3 billion JPY (28 million USD) in An