Vinalines Logistics has set a goal of 10 per cent profit rise in 2019. - Photo vinalines.com.vnViet Nam News HÀ NỘI — Vinalines Logistics Vietnam Joint Stock Company (Vinalines Logistics) has set a goal of at least 10 per cent profit growth in 2019. … [Read more...] about Vinalines Logistics aims for profit growth
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When the epidemic is contained, investors’ confidence will return. They will withdraw money from shelter channels and pour money into risky assets. As the dollar will no longer be the shelter, the demand will decrease and the exchange rate will return to normal again. Meanwhile, foreign investors are selling shares in Vietnam. As they are buying dollars in large quantities to transfer money abroad, the dollar price has increased. … [Read more...] about Why has the US dollar price escalated?
Energy and financial firms were among the worst performers in the quarter. Retailers, which have seen sales evaporate as stores closed, suffered some of the biggest losses on Tuesday, with Macy's down almost 9% a day after it said it would put the majority of its staff on unpaid leave. … [Read more...] about Coronavirus: Stock markets suffer worst quarter since 1987
According to the World Bank’s East Asia and Pacific Economic Update April 2020, Viet Nam is strongly positioned to benefit from numerous free trade agreements that are coming into force over the forecast period. In the first two months, its exports have expanded by 8%, FDI inflows amounted to US$2.5 billion and retail sales were up by 5.4%, the bank said, noting that while prospects remain favorable for the Vietnamese economy in the medium term, GDP growth will be affected negatively by the recent coronavirus outbreak, now a global pandemic. The WB cited preliminary estimates as suggesting that the rate of expansion of the economy could decline to about 4.9% in 2020. Over the medium term, growth is projected to rebound back to 7.5% in 2021 and converge at around 6.5% in 2022, reflecting an improved external demand and a firming of the services sector, as well as a gradual recovery in agricultural production, the WB added. It also suggested Viet Nam manage external risks by … [Read more...] about WB: Vietnam’s economy stays resilient to external shocks
The National Payment Corrporation of Viet Nam recently slashed the switching fees for local banks twice, which made local banks cut fees on customers for fast fund interbank transfer of sums worth VND2 million or less. — VNS … [Read more...] about Electronic fund transfer fees to be cut by at least 50 per cent