Nearly 148.4 million shares were traded on the two exchanges, worth VND1.94 trillion (US$83.6 million). … [Read more...] about Large-cap stocks lift VN market
When share market goes up
Vietjet’s air transport revenue down 54% in Q2
In order to support its cash flow, Vietjet has looked for partners and implemented many financial solutions such as asset transfer and financial investment, which resulted in a revenue surpassing VND1.17 trillion ($50.4 million) with a post-tax consolidated profit of VND1 trillion ($45.6 million) in second quarter. … [Read more...] about Vietjet’s air transport revenue down 54% in Q2
Vietnam economic outlook remains positive despite Covid-19 resurgence: HSBC
In its latest report, HSBC said foreign direct investment (FDI), the key driver of Vietnam’s growth, should accelerate, mainly thanks to : (i) Vietnam is party to a number of free trade agreements (FTA); (ii) outside China, the country is one of the most attractive destinations for overseas companies; (iii) Vietnam is moving up the value-added ladder; (iv) it provides an attractive trade-off between cost and productivity; and (v) Covid-19 and increasing US-China trade tensions should accelerate the process of companies rejigging their supply chains. … [Read more...] about Vietnam economic outlook remains positive despite Covid-19 resurgence: HSBC
F&B firms prepare for possible second round of social distancing
Hoang Tung, CEO of Pizza Home, who gained a reputation for selling special items for the pandemic such as pink pizza to support dragon fruit growers, said: “It is likely that this industry will face the next crisis due to the new wave of COVID-19,” however, the CEO saw positive sides. … [Read more...] about F&B firms prepare for possible second round of social distancing
VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3
Vietnam is currently the 16th-largest trade partner of New Zealand and the two countries boast many advantages from supplementing each other. New Zealand has high demand for importing garments and textiles, footwear, wood, tropical farm produce, and seafood, which are strengths of Vietnam, while Vietnam needs to import milk and dairy products, wine, lamb, fruit, raw wood materials, and materials and accessories for garment-textile and leather-footwear. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3
