Business

HCM City to grant new work permits to foreigners from pandemic-hit countries

HCM City to grant new work permits to foreigners from pandemic-hit countries

HCM City is asking approval to grant new work permits to foreign experts or highly skilled workers arriving from COVID-19-affected countries and territories, especially those in charge of the two metro lines in the city.

Vietnam Railway reports VND600bn in losses

The Vietnam Railway Corporation is facing losses of over VND600bn (USD26m) in 2020 because of Covid-19.

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Linh Dam bridges expected to ease Hanoi congestion

Two bridges are being completed over Linh Dam Lake in order to ease congestion at Nguyen Huu Tho-Giai Phong intersection and the Linh Dam area.

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Apple to produce new over-ear headphones in Vietnam

Apple is planning to partially manufacture its rumoured over-ear headphones in Vietnam, as the tech giant looks to diversify its manufacturing base amid rising tensions between the United States and China during the COVID-19 pandemic, according to a report

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More land violations discovered on Phu Quoc Island

The Government Inspectorate has pointed out various violations at constructions built on agricultural lands on Phu Quoc Island, including large hotels.

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Ha Long Bay tourist ships attract customers with discounts

A number of five-star tourist ships in Ha Long Bay have attracted a lot of local customers with deep discount programmes.

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Measures needed to promote sustainable spiny lobster farming in Vietnam

Vietnam is aiming to raise the output of its spiny lobster farming industry to 3,000 tonnes by 2025, bringing in an export revenues of US$200 million, under a draft plan by the Ministry of Agriculture and Rural Development.

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PM approves 50% cut for auto registration fees

Prime Minister Nguyen Xuan Phuc has agreed to a 50% reduction in auto registration fees until the end of this year.

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As many as 706 enterprises, 85 percent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.

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The Government’s foreign debts have been declining sharply and under the Government’s control, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission.

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Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen

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Vietnam had 12,327 people with USD3 million to below USD30 million in net assets by the end of 2018, up 23% over the past five years and the figure is projected to reach 15,776 people by 2023.

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Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.

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Vietnam has set a target to restrain inflation at below 4% in 2019, however, there may be challenges.

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