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Vietnam Airlines revenue slips $10.8 million a week amid virus fears

Vietnam Airlines said on Thursday it was losing up to VND250 billion ($10.8 million) per week in revenue due to travel curbs resulting from the coronavirus.

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Vietnam could beat Thailand to become second biggest rice exporter

Having free trade agreement with European Union and selling rice at cheaper prices, Vietnam has been seen to surpass Thailand to become second biggest rice exporter in the world.

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Vietnam’s exports fall 17.4% amid coronavirus fears

Vietnam reported double-digit decrease on both exports and imports in the first month of 2020 due to the negative affect of coronavirus outbreak, preliminary statistics of the General Department of Customs show.

News

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Business community supports farmers amid coronavirus outbreak

Local and foreign companies in Vietnam purchased tonnes of watermelons to help farmers when agricultural exports are facing difficulties due to the acute respiratory disease caused by the novel coronavirus.

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U.S. firms in Vietnam hit by coronavirus supply chain issues: AmCham survey

U.S. manufacturing firms operating in Vietnam are suffering supply chain issues caused by the coronavirus epidemic, according to a survey of American Chamber of Commerce in Vietnam.

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Vietnam looks to Indian market to ease virus hit to farm exports

Vietnam is seeking to boost its farm produce exports to India to alleviate the impact of the coronavirus on the Southeast Asian country’s trade with China, its largest trading partner.

Economy

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Vietnam trims 2020 economic growth forecast to around 6% as coronavirus risks

The coronavirus outbreak may cost Vietnam’s full-year economic growth rate by between 0.55-0.84 percentage point in 2020, according to official from Ministry of Planning and Investment during Wednesday government meeting.

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Vietnam’s exports fall 17.4% amid coronavirus fears

Vietnam reported double-digit decrease on both exports and imports in the first month of 2020 due to the negative affect of coronavirus outbreak, preliminary statistics of the General Department of Customs show.

Companies | Media OutReach

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Two Vietnamese banks to be allowed selling up to 49% stakes to EU investors

Two Vietnam’s undisclosed banks will be allowed to sell up to 49% stakes to investors from the EU under commitments in the EU-Vietnam Free Trade Agreement.

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Two new ride-hailing apps Unicar and ZuumViet prepare launch in Vietnam

Local startups Unicar and ZuumViet are preparing to launch ride-hailing apps alongside delivery and other logistics.

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Vietnam Airlines to lease out several aircraft amid coronavirus outbreaks

Vietnam Airlines is planning to lease out several narrow and wide body aircraft for a period of 06 months with tentative leasing time starting April of 2020, company said in a statement.

Market

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Vietnam could beat Thailand to become second biggest rice exporter

Having free trade agreement with European Union and selling rice at cheaper prices, Vietnam has been seen to surpass Thailand to become second biggest rice exporter in the world.

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Jack Ma’s asset management firm rolls out Vietnam fund

China’s Tianhong Asset Management Co, controlled by Jack Ma’s Ant Financial Group launched a fund that invests in Vietnam stocks, Fund Selector Asia cited a statement from the firm.

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Vietnam’s pharmaceutical stocks benefit from coronavirus outbreak

Pharmaceutical stocks are experiencing an upsurge as fears of coronavirus have boosted demand for healthcare products and services, lifting demand for shares.

Real Estate

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Novaland seeks ministry intervention to revive multi-million dollar HCMC project

Real estate developer Novaland has asked the Ministry of Construction for help in resuming work on a stalled 32-hectare project in Saigon.

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Thailand’s Dusit International to build lakeside hotel in Vietnam

Dusit International has signed an agreement with Vietnamese real estate developers General Technology JSC to build and operate Dusit Tu Hoa Palace near West Lake, Hanoi.

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As many as 598 Vietnam’s real estate firms register to quit in 2019

Number of real estate firms in Vietnam registered to suspend operations has increased by almost 37% to 598 enterprises in 2019, according to data from Ministry of Planning and Investment.

Life & Art