Hanoi targets Q4 growth of at least 5 percent Business

Hanoi targets Q4 growth of at least 5 percent

Hanoi has targeted economic growth of at least 5 percent in the fourth quarter of this year, to ensure its annual growth is 1.3 times higher than in the country’s average, Vice Chairman of the municipal People’s Committee Nguyen Doan Toan has said.
PetroVietnam stands firm amid “dual crisis” Business

PetroVietnam stands firm amid “dual crisis”

The Vietnam Oil and Gas Group (PetroVietnam) sustained its production and business activities in the first eight months of 2020 despites many oil and gas firms around the world struggling with the “dual crisis” of COVID-19 and prolonged low oil prices.
Banks’ profit forecast to drop significantly in H2 Business

Banks’ profit forecast to drop significantly in H2

The pre-tax profit of the banking system in the second half of this year is estimated to fall 22.1 percent compared to the same period last year due to an increase in provisions for risky loans in the wake of the COVID-19 pandemic.
Fruit exporters seek new markets to survive pandemic Business

Fruit exporters seek new markets to survive pandemic

Chanh Thu Fruit Import and Export Company Limited in Ben Tre province continues to operate normally despite the resurgence of COVID-19 since it has shifted to new export markets instead of overly depending on traditional ones like China.
More monetary easing measures forecast in 2020 Business

More monetary easing measures forecast in 2020

The State Bank of Vietnam (SBV) is expected to further take monetary easing measures to support the country’s GDP growth target of above 5 percent this year in light of a weak economic outlook, experts forecast.
Ca Mau forecasts growth of 5.28 percent this year Business

Ca Mau forecasts growth of 5.28 percent this year

The COVID-19 outbreak and the severe drought will make it difficult for the southernmost province of Ca Mau to achieve this year’s growth target of 7 percent but a figure of 5.28 percent is certainly achievable, local authorities have said.
Building material sector eyes boon Business

Building material sector eyes boon

The building material sector would be among the first to benefit from the Government’s efforts to speed up disbursement of public investment, which was identified as a growth driver as the COVID-19 pandemic cast a shadow on the economy.