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HCM City ensures food supply in locked down areas

  A Co.op Food store in an isolation area in HCM City’s Bình Tân District has more than enough goods for local residents, according to city inspectors. Photo HCM CITY –  Supermarkets and shops in locked down areas in HCM City have an abundant supply of goods, according to the city’s Department of Industry and Trade inspection teams. The inspection team led by the department’s deputy ... Read More »

COVID-19-hit businesses seek more support from gov't as production slows

  Tokin Electronics Việt Nam Co., Ltd in Đồng Nai Province has arranged temporary accommodation for its workers. — Photo  HCM CITY — Many businesses in HCM City are at risk of losing market share if suspension of operations due to the COVID-19 outbreak continues. More than 12,000 businesses in the country have had to stop operations or scale down each month since the pandemic hit the country, according to the Ministry of ... Read More »

HCM City construction department wants crackdown on dubious real estate activities

  The HCM City real estate market is rife with violations and fraud. — Photo HCM CITY — The HCM City Department of Construction wants the People’s Committee to prevent illegal real estate activities by stepping up propaganda and publicly naming and shaming offenders. It said the overlaps and contradictions in the real estate laws were making it difficult to ... Read More »

Sacombank makes $73.4m profits from selling treasury stocks

  Nguyễn Đức Thạch Diễm, a member of the board of directors and CEO of Sacombank. — Photo courtesy of the bank HCM CITY — Sacombank sold out all 81.56 million treasury shares (equivalent to 4.33 per cent of its charter capital) on the stock market on July 27 for more than VNĐ2.438 trillion (US$106.2 million), earning a profit of ... Read More »

Masan net revenues up 16.4% in H1

Customers shop for vegetables at a VinMart+ store in HCM City. Masan reports strong growth in revenue and profit in the first half. — Photo courtesy of Masan HCM CITY — Masan Group Corporation’s revenues increased by 16.4 per cent year-on-year in the first half to VNĐ41.2 trillion (US$1.79 billion), primarily due to double-digit organic topline growth in the branded ... Read More »

City inspectors apprised about authorised delivery people to enforce travel restrictions

  A police officer checks a delivery person in HCM City’s District 3. The city has created a database on delivery workers to ensure travel restrictions are not violated. — Photo HCM CITY — To ensure smooth delivery and distribution of essential goods amid the COVID-19 restrictions, the HCM City Department of Industry and Trade has created a database of delivery ... Read More »

Inspections no longer needed to free up flow of goods into the capital

  A vehicle with a QR Code identification certificate which allows it to enter the “green channel” at checkpoints. — Photo HÀ NỘI — No inspections will be carried out at checkpoints for vehicles which have valid QR Code identification certificates to transport goods serving construction, production, business, import and export and consumption on all highways, national roads, provincial roads, ... Read More »

Legal framework for multi-level marketing must be improved

  The legal framework for multi-level marketing businesses is being reviewed for amendments to ensure a healthier market competition. — Photo HÀ NỘI — The legal framework for multi-level marketing (MLM) business must be improved to better protect the rights of consumers while creating a healthier market for competition and without increasing costs for enterprises, Đậu Anh Tuấn, Head of ... Read More »

Shares record four-day gains on bank, steel stocks

  A security guard of the Hoa Sen Group (HSG) measures the body temperature of an employee. HSG rose 2.8 per cent on Thursday. — Photo HÀ NỘI — Vietnamese shares rose for four straight days on Thursday, bolstered by a significant injection of cash flow into banking and steel stocks, pushing up indices. The VN-Index on the Hồ ... Read More »

Decree amends regulations on cross-border advertising activities in Việt Nam

  Illustrative image. Photo HÀ NỘI — Advertising service providers inside and outside the country engaging in cross-border advertising activities in Việt Nam must abide by regulations on advertisement, cybersecurity, as well as management, provision and use of Internet services and online information, and must pay tax in line with tax-related laws, according to a new Government decree. Decree No. ... Read More »