Category Archives: Industry

Reference exchange rate maintains upward trend

The State Bank of Vietnam set the daily reference exchange rate at 23,252 VND per USD on March 20, up 10 VND from the previous day, the sixth consecutive upward adjustment.With the current trading band of +/-3 percent, the

Hanoi, JICA work to accelerate ODA projects

Projects invested by Japanese investors or funded by Japanese official development assistance (ODA) capital have played a crucial role in economic development of Vietnam and Hanoi in particular, said Chairman of the municipal People’s Committee Nguyen...

Textile and footwear firms go local to survive pandemic

While most textile and footwear enterprises in Vietnam struggled to find alternative sources of raw materials to maintain production, some with local sources have survived during the COVID-19 pandemic.Truong Van Cam, Vice Chairman and General Secretar...

Reference exchange rate continues going up

The State Bank of Vietnam set the daily reference exchange rate at 23,242 VND per USD on March 19, up 10 VND from the previous day.With the current trading band of +/-3 percent, the ceiling rate applied to commercial

EU’s border closure yet to affect goods circulation: official

The European Union (EU)’s border closure to prevent the spread of the novel coronavirus disease (COVID-19) has not yet had a significant impact on goods circulation, said an official from the Ministry of Industry and Trade.The EU had formally

Hanoi keeps growth target for 2020 unchanged

The COVID-19 pandemic is causing considerable impact on Hanoi’s economy, but the capital city still maintains its growth target of 7.51 percent for this year.Director of the municipal Statistics Office Dau Ngoc Hung said in the first two months

EVFTA expected to create great pressure on domestic logistics firms

The expected execution of the EU-Vietnam Free Trade Agreement in 2020 will create great pressure on Vietnamese logistics businesses, insiders said.When the deal comes into effect, it would open the door wide to EU logistics service providers to enter

Ministry cuts, exempts fees of 15 securities services to support stock market

The Ministry of Finance has cut the fees of nine securities services and exempted fees for six others as from March 19 as part of efforts to support the stock market amid the negative impact of the COVID-19 epidemic.Under

Vietnam, Cambodia work to ensure smooth cross-border goods transport

Cambodia has asked for Vietnam’s coordination to ensure uninterrupted cross-border transport of goods amid the COVID-19 epidemic.In a letter sent to the Vietnamese Embassy in Phnom Penh, the Cambodian Ministry of Foreign Affairs and International Coop...

Delay forecast for banks’ capital hike plans

The Government’s plans to increase capital for large State-owned commercial banks in the first quarter of this year could be delayed due to the Covid-19 outbreak, analysts predicted.The pandemic would also cause adverse impacts not only on business pe...