With many big-cap stocks slumping, the local market suffered gloomy trade today, February 26, as Asia and other parts of the world are reeling from a spike in new cases of the coronavirus.

Share slid on Wednesday as the spread of COVID-19 virus has dampened investor sentiment, triggering worries about a possible pandemic.

Share slid on Wednesday as the spread of COVID-19 virus has dampened investor sentiment, triggering worries about a possible pandemic.

Albeit foreign brands are proving their eminence and hold the lion’s share in the local detergent market, local firms like Lixco, Netco, Duc Giang Chemicals, or My Hao are scaling up efforts to solidify their foothold.

The VN-Index dropped 1.51 percent to 895.97 points Wednesday, its lowest point since January 9 last year.

FDI commitments in the January – February period totaled US$6.47 billion, down 23.6% year-on-year.

The company’s registered capital is higher than that of Vietnam’s largest mobile carrier Viettel.

In the long run, with Vietnam successfully controlling diseases, the tourism industry will greatly benefit as the country will be seen as a friendly and safe destination.

LVtech will join Asia Fukuoka Partners (AFP), a member of Japan’s Chikuho Bank, and the Saigon Times Foundation to launch a seminar on Japanese business culture on March 19.

To revitalize the local tourism industry, which is encountering losses over the new coronavirus outbreak, Vietnamese tourism authorities will run a tourism stimulus campaign for nine months, starting from April.