Daily Archives: August 11, 2020

Viettel named most influential company in Asia

Vietnamese telecom giant Viettel has been the only company in Vietnam to be recognised as Asia’s ‘Most Influential Company’ at Asia Corporate Excellence & Sustainability Awards (ACES).   ACES is the award for sustainable and pioneering businesses in Asia that

Over 1,600 households install roof-top solar power system in July

The Central Power Corporation (EVNCPC) saw 1,637 customers installing roof-top solar power systems with a combined capacity of 76.729MWp in July.   The results pushed the total number of customers installing those systems in the first seven months of this

Auto firms urged to have suitable business plans amid COVID-19

Automobile producers are observing the complex changes of the second wave of the COVID-19 pandemic to adjust their businesses.   After the first half of the year facing sluggishness and stagnancy in production and business, domestic automobile manufacturers and assemblers

HCM City aims to develop 300 cooperatives to 2030

HCM City has prepared plans to develop 300 cooperatives and five cooperative alliances in the 2021-2030 period, thus reaching the targeted growth of 7 percent in the cooperative economic sector.   Under a collective economic development strategy released recently by

Electronic toll collections begin on Hanoi – Hai Phong Expressway

  Electronic toll collection (ETC) services were officially introduced along the entirety of the Hanoi – Hai Phong Expressway on August 11.   Over 105.8 km in length, the expressway runs from Hanoi through Hung Yen and Hai Duong provinces

Automobile sales down in first seven months

Sales of automobiles plunged 28 percent year-on-year to 131,248 units in the first seven months of this year, according to the Vietnam Automobile Manufacturers Association (VAMA).   Sales of all types fell, with passenger cars down 29 percent, commercial vehicles

Foreign banks pour capital into Vietnam

The International Finance Corporation (IFC), a member of the World Bank Group, announced on August 11 that it will provide a 70 million USD loan to Indo Trans Logistics Corporation (ITL Corp), with the aim of improving logistics, trade and

Banks cut home loan interest rates

Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July due to low capital demand from business and production.   The home loan interest rates at State-owned banks, including Vietcombank, BIDV

HoaPhat’s steel pipe exports rise 16 pct in seven months

Despite the impacts of the COVID-19 pandemic, steel maker Hoa Phat still sold 422,300 tonnes of steel pipes in the first seven months of the year.   Of which, its export volume of the products rose by 16 percent from

Da Nang continues social distancing measures

The central city of Da Nang, now Vietnam’s major COVID-19 hotspot, will continue with social distancing measures in line with Prime Minister Nguyen Xuan Phuc’s Directive No 16/CT-TTg dated March 31.   Under a document issued by the Da Nang