Despite heavy impact of the COVID-19 pandemic on the domestic and global economies, Vinamilk has still taken proactive actions to seek opportunities in potential markets, it noted, adding that the export of dairy products to China, the Republic of Korea and some other markets contributed 1.37 trillion VND to the net revenue in Q2, up 26.8 percent quarter on quarter and 7.1 percent year on year. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3
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Vietnam fulfills international commitments as EVFTA takes effect
The World Bank (WB) forecasts that the global economy this year will shrink by 5.2 per cent. The economies of developed countries will shrink by 7 per cent as domestic demand and supply, trade, and finance have been severely disrupted, and emerging and developing markets will decrease by 2.5 per cent this year. … [Read more...] about Vietnam fulfills international commitments as EVFTA takes effect
Reference exchange rate down 5 VND on July 28
Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 23,211 VND per USD on July 28, down 5 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,907 VND/USD and the floor rate, 22,514 VND/USD. The opening hour rates at commercial banks stayed stable. At 8:25 am, Vietcombank listed the buying rate at 23,060 VND/USD and the selling rate at 23,270 VND/USD, both unchanged from July 27. BIDV also kept both rates unchanged, listing the buying rate at 23,090 VND/USD and the selling rate at 23,270 VND/USD. Techcombank reduced both rates by 2 VND to 23,073 VND/USD (buying) and 23,273 VND/USD (selling)./. … [Read more...] about Reference exchange rate down 5 VND on July 28
Industrial production expands at the lowest rate in many years
Experts predicted that the industrial production might continue to struggle in the remaining months of this year, especially when COVID-19 community transmissions have reoccured in Việt Nam and the Government must strive to contain the virus. — VNS … [Read more...] about Industrial production expands at the lowest rate in many years
Two die as storm Sinlaku sweeps through northern provinces
Hanoi (VNA) – Storm Sinlaku, the second of its kind to enter the East Sea since the beginning of this year, has caused two deaths, according to reports from the provinces at a meeting in Hanoi on August 3. One man was killed in a landslide in the northern province of Quang Ninh and the other was swept away by floods in the northern province of Hoa Binh as the storm landed on August 2, bringing torrential rains in northern and north central Vietnam. According to the National Centre for Hydro-Meteorological Forecasting, torrential rains will continue in northern provinces until August 8. The centre also warned of flash floods and landslides in Quang Ninh, Lang Son, Cao Bang, Ha Giang, Lao Cai, Yen Bai, Son La, Phu Tho, Bac Kan, and Thai Nguyen. Deputy General Director of the Natural Disaster Management Authority and Deputy Office Chief of the Central Steering Committee for Natural Disaster Prevention and Control, Nguyen Truong Son required localities to pay … [Read more...] about Two die as storm Sinlaku sweeps through northern provinces
