Corporate

N.V.T, director of the Hacinco, an affiliate of HADICI, and his wife have smashed the whole system’s efforts in the fight against the outbreak. The directorate of Hanoi Housing Development and Investment Corporation (HADICO) has suspended N.V.T, from the Party and his pHacinco director dismissed for spreading Covid-19 virus iosition of the director of Hanoi Construction and Investment Company (Hacinco) for violating Covid-19 pandemic prevention regulations. T is the first leader of a Hanoi company having broken the city’s regulations and smashed the whole system's efforts in the fight against the Covid-19 pandemic. The task force has blocked the Center Point Building in 27 Le Van Luong, Hanoi. File Photo The decision was made on May 13 after T was found to be dishonest in his health declaration when he and his wife returned home from the central beach city of Danang, where is dealing with the novel coronavirus outbreak. Many offices and buildings in Hanoi … [Read more...] about A Hanoi company leader suspended from work due to violation of Covid-19 protocols

The Ministry of Science and Technology has mobilized and provided support for people and businesses to deliver products that contribute a great deal to the country’s successes against the pandemic. The first Vietnam-made Covid-19 vaccine will be tested on eligible volunteers on December 17, Hanoitimes reported. About 150 students from medical and pharmaceutical universities in Hanoi have volunteered to join in a trial for Vietnam-made vaccine of Covid-19. This is one of successful achievements of Vietnamese scientists after the Ministry of Science and Technology mobilized the country’s leading experts, scientists, and enterprises to carry out urgent technological tasks to respond to the pandemic. Vietnamese-made SARS-CoV-2 test kits, manufactured by Military Medical Academy and Viet A Corporation. Photo Vietnam News Agency/Duong Giang In May, they sucessfully manufactured Vietnamese-made SARS-CoV-2 diagnostic test kits, cultivate and successfully … [Read more...] about Vietnam made technological strides to fight against COVID-19 pandemic

The pandemic has hindered progress of all its projects because the group was unable to mobilize the needed construction workforce, Le Viet Hai said Monday at the annual shareholders meeting. The risk of coronavirus transmission prompted many projects to suspend construction, and the surging construction material prices also added to its struggle, he said. Its stock price even slipped 42 percent from the beginning of the year to just VND6,000 ($0.26) per share late March, showing that investors didn't have confidence in the group's ability to overcome the crises caused by the pandemic, Hai said. Its revenue last year dropped 40 percent to VND11.2 trillion, and post-tax profit was down 83 percent to VND70 billion. In order to overcome its difficulties, the group has restructured its financial and human resources, as also changed its business model. It has also stocked construction materials to mitigate possible losses resulting from rising material prices It plans to divest … [Read more...] about Construction giant Hoa Binh says 2020 most difficult year ever

The index stayed in the green throughout the day, going as high as 1,386 points at the beginning of the afternoon session, before gradually cooling down. It closed up 7.34 points. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, slipped 1.18 percent to VND22.39 trillion ($973.6 million), the lowest figure since June 2. The bourse saw 189 tickers in the green and 204 in the red. The VN30 basket, comprising the index's 30 largest capped stocks, saw 17 stocks gain, with NVL of real estate developer Novaland Group leading the fray. The ticker rose 4.1 percent, its third consecutive session in the green. It has risen over 136 percent this year. MBB of Military Bank increased 3.3 percent to a new peak of its own. It pushed the index up by more than one point. The top contributor to the index’s growth Tuesday was CTG of state-owned lender VietinBank, which pushed it up by 1.6 points. The ticker experienced a 3.2 percent growth this session. … [Read more...] about VN-Index rebounds with seven-point gain

The moves to take in order to help firms ride economic wave - illustration photo The government can best help businesses by continuing its remarkable success in limiting the spread of COVID-19. The challenge now is to source vaccines and quickly vaccinate the population as supplies become available. This should remain the highest priority. Recent global success in containing the pandemic means that there are now much improved prospects for global economic recovery. The World Bank recently projected global growth of 5.6 per cent in 2021. A key question for policymakers is: What more can Vietnam do to help firms benefit from the expected improvement in the global economy? When the pandemic first started to impact the global economy, governments initially focused on actions to retain jobs and limit firm closures. Policy actions were directed at quickly increasing spending and liquidity to sustain investment and employment, and measures to reduce business costs to stimulate … [Read more...] about The moves to take in order to help firms ride economic wave