The stock market is expected to continue experiencing strong corrections, while the market bottom cannot be determined until there are clear signs of effective control over the COVID-19 epidemic, said market analysts.

Shares tumbled on Friday due to the uneasy global market and worries among investors about the wider spread of CO-VID19 virus.

Hotels across Hanoi are closing up shop and letting staff go as the coronavirus outbreak slashes both tourist and revenue numbers.

Vietnam’s benchmark index dropped 1.81 percent to 882.19 points Friday, the third time it has lost over one percent in the past week.

Southeast Asia’s super app Grab has launched Grab Ventures Ignite in Vietnam, an accelerator programme for early-stage startups as part of the ‘Grab for Good’ development roadmap in the country.

The inflow of foreign investment into Vietnam has seen a year-on-year decline of 23.6% in January and February this year to an estimated US$6.47 billion, according to a report from the Ministry of Industry and Trade’s Foreign Trade Agency.

Danang People's Court has forwarded the emergency letters of complaint and denunciations of Thanh Do Investment Development and Construction JSC (Empire Group) and its Cocobay Danang project to the investigation agency of Danang Public Security Department.

Multinational pharmaceutical groups are seeking ways to support Vietnamese in accessing medical services, and widen their market share in the country in the face of drastic competition.

Vietnam may scale back a plan to boost coal’s role in its power generation as financial restrictions and local environmental concerns make it more difficult to build plants.

Stocks in Asia declined on Friday as fears over the spread of the coronavirus globally drove investors to safety.