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Hanoi (VNS/VNA) - Some UPCOM-listed companies are enjoying stable earnings brought by joint ventures they established with foreign partners, but their core businesses remain insignificant. These joint ventures are usually foreign direct investment (FDI) projects in which State-owned enterprises contribute capital and land use rights, while foreign companies contribute money and technology. The Vietnam Engine and Agricultural Machinery Corporation (VEAM), which makes engines, agricultural machinery, automobiles and motorbikes, possesses major stakes in three joint ventures, namely Honda Vietnam (30 percent), Toyota Vietnam (20 percent) and Ford Vietnam (25 percent). VEAM's profits mainly come from these three joint ventures. The firm's plentiful revenue from financial activities was also thanks to the dividends collected from its joint ventures. The 2018 financial statements showed net revenue from the main business activities of VEAM reached 7.07 trillion VND (304.2 million USD), … [Read more...] about UPCOM-listed companies largely rely on joint ventures

In 2014, the city’s People’s Committee assigned the city’s Department of Education and Training to work with the State Bank of Việt Nam’s HCM City branch to develop infrastructure for electronic payments and diversify payment services. … [Read more...] about Schools in HCM City urged to go cashless

Deputy Commander of the Border Guard Major General Le Duc Thai reported at the meeting that there are complicated developments regarding the illegal movement across the land border after Vietnam imposed restrictions of entry and compulsory quarantine for those who enter the country to fight the COVID-19 pandemic. … [Read more...] about Vietnam records three new imported cases on Wednesday morning

Kicker: Taro is grown widely in Asia such as India, Vietnam and other countries. — Photo baomoi.com “I often use taro as one of herb remedies to treat measles and fever for children and indigestion for adults,” Minh said, adding that he agreed with writer Thach Lam that bún dọc mùng really is not only food for the soul, but also one to help ensure a healthy way of living.  VNS  … [Read more...] about Rice noodle-taro soup, an unforgettable dish of Hanoi

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." … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 12