Vietnamplus

Twenty-five companies have entered the “one-trillion-dong profit club” for January-June, despite the economy being ravaged by the COVID-19 pandemic.

Located in Bai Tu Long Bay and adjacent to world heritage site Ha Long Bay in the northeastern province of Quang Ninh, the Van Don Economic Zone possesses significant advantages to develop the local and national leisure real estate sector.

The Vietnam Fatherland Front Committee of the central city of Da Nang on July 31 received donations from domestic enterprises in support of the fight against COVID-19.

Vietnamese firms have been increasing their overseas investments in recent years in an effort to expand their global reach.

In a recent interview granted to Vietnam News Agency correspondent in Singapore, Dr. Hoe Ee Khor, Chief Economist at the ASEAN+3 Macroeconomic Research Office (AMRO), expressed his impressions on Vietnam’s economic achievements and contributions to the Association of Southeast Asian Nations (ASEAN) since the country joined the bloc 25 years ago.

After two years constructing, a section of Ring road No.2 connecting Vong and So intersections) is expected to open on National Day, September 2.

Vietnam is entering a level playing field in which efficient solutions to maintain economic development always causes headaches for experts and business leaders.

The VinAI Research Institute, a member of the Vingroup Group, has had three research works accepted at the International Conference on Machine Learning (ICML) 2020, the Nhan Dan newspaper reported.

The first Vietnamese smartphone supporting 5G has been successfully developed by Vinsmart, the technology arm of the conglomerate Vingroup, in cooperation with US chipmaker Qualcomm.

Merger and acquisition (M&A) deals will likely increase post-pandemic, which industry insiders see as a chance for enterprises to restructure their operations to be more viable.

A ventilator model produced by Vinsmart, a member of Vingroup, has obtained approval for sale from the Ministry of Health.

A group of investors led by US-based private equity firm KKR, including Temasek Holding of Singapore, invested 15.1 trillion VND (650 million USD) in a stake of the Vinhomes Joint Stock Company (Vinhomes).

After a brief hiatus, property companies have been resuming sales of developments and revealing their post-COVID-19 business plans since the beginning of May.

With both border gates and seaports connected to China, the city of Mong Cai in Quang Ninh province is a top spot for realty businesses and project developers.

Conglomerate Vingroup JSC plans to earn 145 trillion VND (6.2 billion USD) in revenue this year, up 12 percent year-on-year.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) found a place among the 1,000 largest companies in Forbes’ recent “The World’s Largest Public Companies 2020” report, released in its Global 2000 annual rankings.

More than 170,000 tourists visited Quang Ninh between May 1 and 24 as a result of promotional programmes the northern coastal province has launched following the resumption of tourism activities this month after social distancing measures to tackle COVID-19 were eased, according to the local Tourism Department.

Vietnam's 5G network is forecast to have a bright future with Government and regulator support while domestic manufacturing of 5G handsets could lower device costs and lend tailwinds to adoption.

The Vietnam Industry Research and Consultancy (VIRAC) forecasts that the dairy industry prospect in 2020 will continue to grow at a high level, increase investment capital in dairy farms to reduce dependence on imported milk and to meet the needs of people’s domestic consumption.

Major businesses such as Vingroup and Sungroup have launched various summer discount programmes in response to the tourism promotion campaign of the north-eastern province of Quang Ninh in 2020.