News

Shares failed to maintain momentum as cash withdrew from most sectors.

A 40-strong business delegation from the US will launch an investment promotion programme in Vietnam from March 3-6, aiming to expand trade and investment cooperation in the Southeast Asian country, according to an official from the US-ASEAN Business Council (USABC).

Garment-textile and footwear enterprises are seeking material supplies from markets besides China amid the complicated developments of the acute respiratory disease caused by SARS-CoV2 (COVID-19).

Vietnam imported a total 944,865 tonnes of steel in January, a year-on-year drop of 18 percent, according to the General Department of Customs.

If Vietnam continues to contain the Covid-19 epidemic at its current level or better, the country will improve further its already-impressive FDI attraction.

The recent and on-going healthcare emergency caused by the Covid-19 also highlights the need to review how employers manage and deliver healthcare benefits.

Though motorbike sales in Vietnam ranked second in ASEAN last year, domestic demand showed a decline against regional growth.

The local stock market closed on an upbeat note today, February 25, with bank stocks driving up investor sentiment and leading to stocks in other sectors to rally.

Many firms in the textile and garment, footwear, fashion and electronics sectors are finding it hard to maintain their production until the end of this quarter as materials are running short due to the coronavirus outbreak, said Vu Tien Loc, president of the Vietnam Chamber of Commerce and Industry (VCCI).