The losses on the Dow and S&P 500 in the US wiped out their gains for the year. Firms such as Nike, Apple and Walt Disney, which do major business in China and rely on it to make goods, were some of the hardest hit, with shares down more than 4%. … [Read more...] about Global stock markets plunge on coronavirus fears
Business cloud news
Company profit growth in VN to slow down in 2020: reports
Global markets were underestimating the impacts of COVID-19 on the global economy, showing signs that global stocks would continue to fall and safe assets such as bonds and gold would continue their uptrend, Ngo Quoc Hung, senior analyst at MB Securities Co, said. … [Read more...] about Company profit growth in VN to slow down in 2020: reports
Vietnam’s economic growth quality improves: Minister
Hanoi (VNA) – The quality of Vietnam’s economic growth in 2011-2017 has improved in many aspects with high expansion of gross domestic product (GDP) and increasing labour productivity and incremental capital output ratio (ICOR). Minister of Planning and Investment Nguyen Chi Dung affirmed the positive outcomes at the May 25 debate during the fifth session of the 14th National Assembly in Hanoi. He said the business environment and the national competitiveness have also seen a lot of progress in recent time. The average per capita income reached 2,385 USD, approximately doubling that of 2010. The human development index of Vietnam has also significantly increased, he added. Responding to deputies’ concern over problems related to foreign investment such as environment pollution, transfer pricing, trade frauds or slow technology transfer, Minister Dung stressed that the FDI sector is an indispensible part of Vietnam’s economy, especially in the light of … [Read more...] about Vietnam’s economic growth quality improves: Minister
Airlines try every possible method to retain passengers during Covid-19 epidemic
The Civil Aviation Authority of Vietnam's (CAAV) head Dinh Viet Thang one week ago said Vietnam’s airlines have lost VND10 trillion over the last month because of the interruption of flights to China, which accounts for 26.1 percent of the airlines’ transportation output. … [Read more...] about Airlines try every possible method to retain passengers during Covid-19 epidemic
Việt Nam encourages private investment in energy: Politburo
To realise those targets, it is necessary to speed up oil and gas exploration activities to increase reserves and production. The Politburo has called for the development of a new coal strategy to make effective investment overseas, import coal in the long term as well as exploit the coal potential in the Red River Delta. VNS … [Read more...] about Việt Nam encourages private investment in energy: Politburo
