Business

According to Le Viet Nga, Deputy Director of the Domestic Market Department under the Ministry of Industry and Trade, said that through the campaign "Vietnamese people prioritise using Vietnamese goods", which has been carried out in the past 10 years, the purchasing power as well as the priority for Vietnamese goods have much increased. This is a very reliable support for businesses to stand firmly in all global financial crises as well as non-financial crises such as the COVID-19 pandemic. … [Read more...] about Domestic market: ‘Fulcrum” for businesses to survive crisis

There are many reasons behind the stabilization of the exchange rate, said a representative of a HCMC major commercial bank, adding that among them is the fact that the hoarding of U.S. dollars has been subdued as other investment options such as gold and securities have become more attractive and the 2020 inflation rate was predicted to stay at just 3.5-3.8%. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8

Big changes were made with the key personnel of Quoc Cuong Gia Lai Group, while the president of Hoang Anh Gia Lai Group, Doan Nguyen Duc, has not been able to escape difficulties despite his efforts to sell assets to pay debts. However, HAG is still facing difficulties as a large proportion of total assets is long-term work in progress with total value of over VND11.4 trillion and inventories worth VND2.3 trillion, while short- and long-term receivables continue to increase to VND10.8 trillion. … [Read more...] about Biggest business stories: August 31 to Sep 6

Representatives of the Japan Chamber of Commerce and Industry (JCCI) suggested that Vietnam creates an incentive mechanism for infrastructure construction using the public-private partnership model and allows Japanese companies to increase ownership in state-owned corporations. … [Read more...] about Vietnam market big enough for Japanese business ambitions: PM

To enter the EU market, the local businesses must have certification of origin and meet food safety requirements, Hoe said. In addition, they need to pay attention to the agreement’s commitments on increasing the environmental requirements related to fishing to avoid difficulties in seafood export, reported the Nguoi lao dong (Labourers) newspaper. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 9