News

 The State Bank of Viet Nam (SBV) has told banks to reschedule debt repayments to help customers affected by the coronavirus epidemic.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.70 per cent to close Tuesday at 909.67 points.

Banking sector stocks led gains as the VN-Index rose 0.7 percent to 909.67 points Tuesday, following a sharp loss in the previous session.

Vietnamese traders Tuesday queued up for hours to sell their gold bars as prices fell unexpectedly after a rising streak.

Failures of several developers and a lack of legal framework on ownership have considerably slowed investment in the condotel segment.

The Tan Son Nhat International Airport is seeking permission from the country’s aviation watchdog to suspend the operations of a severely deteriorated runway at night for repairs to allow the airport to ensure safety for travelers.

Many enterprises have complained about the complicated six-step process for real estate projects, noting that it will raise their costs.

Controversies between makers of traditional and electric motorbikes and scooters have again arisen after electric newcomer Pega used comparative marketing strategies to try and get the upper hand on Vietnam’s top motorbike producer, Honda.

A promising outlook is expected for Viet Nam’s rice exports in 2020 thanks to the positive impacts of the new-generation free trade agreements (FTAs) as well as the change in the supply and demand of the world market.