"The ongoing new coronavirus outbreak is causing anxiety and uncertainty for both people and businesses in Vietnam," said AmCham Executive Director Adam Sitkoff. "For companies and the broader economy in Vietnam, the outbreak is already a serious problem, which goes far beyond the immediately vulnerable travel, tourism, and education sectors." … [Read more...] about US businesses in Vietnam expect less revenue courtesy of coronavirus epidemic
Risk taken in business in hope of reward
International health experts and scientists focused discussions on how to tackle malnutrition for children at risk and in hospital at the 4th Global Growth Summit held last week in Stockholm, Sweden. On the sidelines of the summit, Dr. Robert Murray, Professor of Human Nutrition from the College of Education and Human Ecology, Ohio State University, speaks to Việt Nam News reporter Thanh Hải about challenges and measures to eliminate malnutrition in Việt Nam and around the world. … [Read more...] about Eliminating malnutrition for children at risk and in hospital: expert
Deputy Governor Dao Minh Tu of the SBV said that as the liquidity of the banking system is currently abundant and banks do not lack capital, commercial banks are not allowed to raise interest rates, even mobilizing interest rates. If necessary, the SBV will adjust the benchmark interest rate, thereby indirectly helping banks to lower interest rates to support enterprises during the Covid-19 outbreak. He also noted that the whole banking system needs to ensure activities to happen normally. Commercial banks need to implement solutions, such as restructuring debts, outstanding loans, and repayment period and considering to lower interest rate. Currently, several banks have joined in helping enterprises affected by the Covid-19. Vietcombank cut interest rate by 1-1.5 percent per annum for credit outstanding balance in Vietnamese dong, depending on term; by 0.5-0.75 percent per annum for credit outstanding balance in US dollar; by 1 percent per annum for new loans in Vietnamese dong and … [Read more...] about Banks offer preferential interest rates for enterprises affected by Covid-19
In the latest review in mid-2019, Morgan Stanley Capital International (MSCI) still had not added Vietnam to the watchlist for upgrading from frontier to emerging market, though Vietnam could satisfy all quantitative criteria, including market scale, capitalization value and number of listed companies with capitalization value of $1 billion. … [Read more...] about When will Vietnam’s stock market be upgraded?
In Đồng Nai Province, the risk of forest fires in Đồng Nai has reached the fifth and highest level since there has been no rain for a long time and the weather is hot and dry, according to the province’s Forest Protection Sub-department. … [Read more...] about Southern provinces strengthen fire prevention measures during dry season