Thanh said that Scavi was luckier than many other textile and garment manufacturers because the majority of its customers from the US and Europe have opted to extend the deadline to receive orders or reduce the order volume, instead of cancelling orders. “Of course, we have to shoulder extra expenses for storage in Vietnam before we can export our products, but it could be far worse,” Thanh said. … [Read more...] about Maintaining business stability a top task for foreign investors
Foreign exchange market trading
Last weekend, the stock market was covered by negative information, especially the situation of mortgage lien release, including real estate stocks. Firstly, on March 23, HDB Securities Company announced it would lift the mortgage of 3 million ROS shares of Mr. Trinh Van Quyet from March 24. Right after the announcement, FLC Group said that money had been added to the brokerage account of Mr. Trinh Van Quyet. Therefore, HDB Securities Company terminated the mortgage lien release on ROS shares. However, information about mortgage lien release still massively appeared at the end of March when the market plummeted continuously. On March 30, Hoa Phat Joint Stock Company denied the information that the Bank for Foreign Trade of Vietnam (Vietcombank) sold 100 million shares of HPG mortgaged by Mr. Tran Dinh Long, Chairman of the Board of Directors of Hoa Phat Group. Accordingly, the medium and long term contract between Hoa Phat Group and Vietcombank already had collateral. The mortgage of … [Read more...] about Stock market receives positive breeze
“We strongly believe Novaland is well-prepared not only to overcome this difficult situation with our tested experiences and advanced planning, but also to thoroughly take advantage of the opportunities presented to us during this challenging period. We will work more diligently and harder to retain the invaluable trust of our customers, partners and investors in Novaland, and successfully achieve our mission and vision,” Huy said. … [Read more...] about Novaland attractive to foreign investors, why?
Nearly three-quarters of Vietnamese, 73 percent, agree closure of wildlife markets would be effective in preventing similar outbreaks in future. In addition, 91 percent of participants are likely to support official efforts to close all illegal and unregulated wildlife markets. … [Read more...] about Majority Vietnamese averse to wildlife markets as source of Covid-19: survey
It is not the first time that e-commercial platforms have been under fire about the origin and quality of products. Last month Tiki, the most prestigious e-commerce platform in Vietnam, was blasted for selling low-quality goods and came under wide criticism for its poor customer service. Tiki issued no comment on the issue. Shopee is another platform known to be inundated by low-quality and fake goods. … [Read more...] about Tighter rules sought on e-commerce trade piracy