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Singapore-based retail platform ShopBack makes Vietnam’s official debut

Rewards and discovery platform ShopBack launched its website and mobile app in Vietnam, bringing a smarter way for local online shoppers to shop, save and discover.

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18th coronavirus patient dies in Vietnam

The Ministry of Health announced on August 13 morning another coronavirus patient has died in Vietnam, bringing the country’s death toll caused by the disease to 18.

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Vietnam outstrips Thailand in rice export price

Each ton of 5% broken white rice from the country was priced $15 higher in comparison with the same product from Thailand as of August 8, Vietnam Trade Office in Thailand said.

News

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Vietnam courts EU investment in medical and drug supply chains

Vietnam seeks to build a new FTA with EU to expand foreign investment in medical equipment and pharmaceuticals, with the government position the country as an alternative production base to China.

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Vietnam to buy 50-150 million doses of Russian Covid-19 vaccine

Vietnam has registered to buy 50-150 million doses of Covid-19 vaccine from Russia, Tuoi Tre newspaper cited information from Ministry of Health during Friday morning meeting.

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120,000 people to lose HCMC jobs amid fresh Covid-19 outbreak

Around 120,000 employees of 4,000 businesses in HCMC are likely to be laid off from now until September with the resurgence of Covid-19 community transmissions.

Economy

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Covid-19 pandemic hits Vietnam’s State-Owned Enterprises privatization plans

Vietnam’s plan to privatize state-owned enterprises has fallen further behind schedule partly due to the Covid-19 pandemic that has been taking tolls on economies, Ministry of Finance said.

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Vietnam's export set to hit $340 billion in 2025

Vietnam’s export is set to grow 5% annually between 2021-2025 to reach $340 billion in 2025, according to the Ministry of Industry and Trade’s plan on socio-economic development for the period.

Companies

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Vinamilk injects additional $41mln to dairy plant in Laos

Vietnam’s largest dairy producer Vinamilk has got approval to increase capital in its subsidiary in Laos to $66.4 million from $25.4 million, the company said in a statement.

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Masan to issue VND8 trillion of redeemable bonds in H2

Conglomerate Masan plans to issue redeemable bonds worth VND8 trillion ($344 million) under private placement and public offering modes in the second half of this year, the company said in a statement.

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VinaCapital buys stake in Hanoi private hospital

VinaCapital has acquired a 30 percent stake in Thu Cuc International General Hospital in Hanoi for $26.7 million.

Market

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Gold drops like a rock to VND51 million per tael

Domestic gold price dropped sharply on Wednesday morning to VND51 million ($2,209) following a strong decrease on global gold price when Russia announced progress in developing a novel coronavirus vaccine.

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Gold continues to scale new peaks

Gold prices in Vietnam climbed to a new peak, as global rates hit an all-time high.

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Stock market drops over Covid-19 fears

The VN-Index plummeted 3.22 percent to 829.16 points Friday after official reports of the first possible local Covid-19 transmission in three months were released.

Real Estate

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In five years, foreigners buy 16,000 houses in Vietnam

Foreign individuals and organizations have purchased up to 16,000 houses in Vietnam in the past five years, accounting for 2% of all homes sold in the country during the period.

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Real estate companies top worker layoff list amid Covid-19 woes

Two thirds of real estate companies have laid off employees as a result of the Covid-19 pandemic, the highest rate of any sector, a survey found.

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Léman Luxury wins Dot Property Awards 2020 for Best Innovative Green Building

Léman Luxury, a major project of C.T Group was honored as the “Best Innovative Green Building” at the Dot Property Vietnam Awards 2020 ceremony organized in Ho Chi Minh City Thursday night.

World

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Mark Zuckerberg’s fortune surpasses $100 billion

Mark Zuckerberg’s net worth passed $100 billion for the first time Thursday after Facebook Inc. hit a record high on optimism about the release of its TikTok competitor Reels.

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Trump moves to ban TikTok, WeChat in U.S. on national security risk

President Trump signed a pair of executive orders prohibiting U.S. residents from doing any business with TikTok, WeChat or the apps’ Chinese owners beginning 45 days from now.

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U.S. economy contracted at record rate last quarter; jobless claims rise to 1.43 million

The Commerce Department’s initial estimate of U.S. gross domestic product in the second quarter is the steepest drop in more than 70 years.