Energy firms

Firms in Vietnam and in HCM City, in particular, have reported continued difficulties following the new Covid-19 outbreak. In order to maintain business and protect their employees, they had to strictly implement preventive measures. In the past seven months, over 200 employees at Hoang Anh Printing House have mostly worked from home and only need to go to the workplace twice or three times a week. This has resulted in a 30% decline in productivity. The printing house's director Hoang An said, "Since the start of the first outbreak and after social distancing period, we have always asked employees to wear face masks and wash hands and we also adjusted the work schedules. Some people then told me that I could relax the rules a bit but I think that everyone's health is still the first priority." Duong Hai Dao from Qui Phuc Company said they had carried out many awareness-raising activities about the outbreak and often disinfect the workplace. All of the employees were asked to wear … [Read more...] about HCM City firms find ways to cope with Covid-19

According to Mr. Bui Van Quan, Chairman of the Ho Chi Minh City Goods Transport Association, many members of the association have participated in the transport floor. However, many customers trading on the floor offered unreasonable prices. Moreover, payment procedures were cumbersome, so many enterprises did not trade on the floor anymore. And yet, most of the exchanges were established by some private companies with the main purpose of providing services on commission. These companies "avoid" all the issues related to legality and the transaction procedures between shippers and transporters. So, if there is a risk, who will take responsibility for it? … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 10

US Consul General in Ho Chi Minh City Marie C. Damour said the US is impressed with Vietnam’s outstanding achievements in its role as the 2020 Chair of ASEAN, especially in preventing and controlling the Covid-19 pandemic and promoting economic recovery. In the US view, Vietnam is an important partner in the Indo-Pacific region. The US has an extremely strong belief that in the next quarter century, relations between the two countries will grow even stronger. Ngoc Thao … [Read more...] about Vietnam, US mark a quarter century of normalization

Photo for illustration In January-July, the company produced and imported 142.47 billion kWh, up 2.09 percent against the same period last year, of which hydropower was 29.22 billion kWh (down 20.52 percent), coal thermal power 80.87 billion kWh (up 14.54 percent), gas turbines 22.4 billion kWh (down 15.36 percent), oil thermal power 1.03 billion kWh (up 33.11 percent), and renewable energy (wind power, solar power, and biomass power) 6.33 billion kWh. … [Read more...] about Nearly 20,000 rooftop solar power projects installed

As the US-China relationship has become worse and the trade war escalated, there have been many discussions in the US and other countries on how to ease reliance on Chinese economy and the companies from China. Nikkei reported that the Japanese government would prop up 70 billion yen to Japanese enterprises in this campaign. Prior to that, it also provided grants of 243.5 billion last April to help Japanese enterprises ease the reliance on China. … [Read more...] about Strategies for new FDI trends in Vietnam