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
Insurance business news
Airlines try every possible method to retain passengers during Covid-19 epidemic
Local airlines sustain coronavirus-triggered loss of VND10 trillion Local carriers had incurred total losses of over VND10 trillion as of February 10, Tuoi Tre reported, citing the head of the Civil Aviation Authority of Vietnam (CAAV) Dinh Viet Thang. … [Read more...] about Airlines try every possible method to retain passengers during Covid-19 epidemic
Thailand imposes anti-dumping duty on Vietnamese steel products
Thailand will impose anti-dumping tariffs ranging from 6.97 per cent to 51.61 per cent of cost, insurance and freight (CIF) prices on some imported steel products from Viet Nam, the Trade Remedies Authority of Viet Nam under the Ministry of Industry and Trade said. … [Read more...] about Thailand imposes anti-dumping duty on Vietnamese steel products
Global stock markets plunge on coronavirus fears
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
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
