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Vietnam’s first ever Formula One (F1) grand prix is officially cancelled due to the impact of the COVID-19 pandemic, according the event’s organisers.

The Republic of Korea’s conglomerate LG will establish a centre for research and development (R&D) on vehicle components in the central city of Da Nang.

Korean-funded YPE Vina Co. Ltd. and Korea Circuit Co. Ltd. kicked off the construction of an electronic component plant in Dong Soc industrial cluster in the northern province of Vinh Phuc on September 30.

Vietnamese tea, coffee and coconut products are among those on display at the international trade fair WorldFood Moscow 2020 underway in the Russian capital from September 22 – 25.

The PetroVietnam Ca Mau Fertiliser Co., Ltd. (PVCFC)’s total urea output reached the milestone 7 millionth tonne on September 13 after almost ten years of operations.

The Embassy of Vietnam in Japan presented cash rewards to 48 Vietnamese apprentices who had performed excellently in the recent Japanese language proficiency test during a ceremony held in Tokyo on September 5.

While COVID-19 continues to impact the whole economy, most millionaires in Vietnam have been investing in the real estate market.

Ho Chi Minh City always creates favourable conditions for foreign businesses to operate in the city, contributing to local socio-economic development, Chairman of the municipal People’s Committee Nguyen Thanh Phong said on August 27.

Bilateral and multilateral economic cooperation agreements Vietnam has signed have enabled the Hoa Phat Group’s Hoa Phat Steel Sheet Co. Ltd to penetrate into many new markets and promote exports.

The Huyndai Vietnam Shipbuilding Co.Ltd based in the central province of Khanh Hoa built and handed over 119 oil carriers weighing 35,000 – 87,000 tonnes to clients, earning a revenue of nearly 4 billion USD since 2008.

E-commerce platform Shopee has announced a tie-up with JCB International Company Ltd (JCBI) that will offer online merchants and shoppers enhanced payment options.

The investigation police agency under the Ministry of Public Security on July 21 officially launched legal procedures against three persons and put them into temporary detention for appropriating state secret documents, an official of the ministry said on July 22.

A number of banks have announced plans to auction off their collateral assets in an attempt to speed up bad debt recovery.

The water supply and drainage sector is drawing investment thanks to its high profit margins and good growth potential.

Truong Hai Auto Corporation (THACO), a leading automaker in Vietnam, has sold 80 Kia Grand Carnival cars to Thailand.

China Good Cars Holding Ltd is looking for a strategic location for its proposed 160-million-USD modern heavy vehicle parking terminal on the outskirts of Phnom Penh to serve as a major gateway into the capital, the Phnom Penh Post reported on July 2.

The Masan Tungsten Company Ltd., a wholly-owned subsidiary of the Masan Resources Corporation (MSR), has completed the legal steps to acquire the tungsten business of Germany’s H.C. Starck Group GmbH, according to the corporation.

Thi Vai International Port Co., Ltd (TVP) has announced its investment of more than 2.7 trillion VND (115.7 million USD) in improving land at the Thi Vai international port in the southern province of Ba Ria-Vung Tau.

SSI Asset Management Co Ltd (SSIAM) will launch an IPO for its exchange-traded fund ETF SSIAM VN30 between May 26 and June 29.

No new COVID-19 case was confirmed on May 21, marking the 35th straight day Vietnam has gone without community transmission, the National Steering Committee for COVID-19 Prevention and Control reported.