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The giant tour company suffered a loss of over VND38 billion ($1.63 million) in the second quarter, its third quarterly loss in a row, according to its latest consolidated financial statement. Revenues were down 90 percent year-on-year to VND206 billion ($8.85 million). … [Read more...] about Leading tour operator reports loss of $3.4 mln

Nicolas Audier, chairman of EuroCham, said in a press release issued Monday: "The EVFTA is now more important than ever, as trade wars and a global pandemic disrupt normal business operations on an unprecedented scale. Free, fair and rules-based trade is the best roadmap to economic growth, and Vietnam will now have privileged access to an EU consumer market of around 500 million people who will be keen to do business with and invest in a strong, secure, and prosperous nation at the heart of Asia." … [Read more...] about Vietnam ratifies EU free trade agreement

The positive effects born during Vietnam’s Chairmanship of ASEAN in 2010 alone, with its theme 'Towards the ASEAN Community: From Vision to Action', continue to this very day, such as, to name a few, raising the profile of the Southeast Asian Nuclear-Weapon-Free Zone Treaty in multilateral fora, strengthening the East Asia Summit with the inclusion of more non-ASEAN Member States as participating countries, leading discussions on efforts to restore and sustain the financial health of the region which was recovering from a financial crisis, promoting sustainable development, narrowing the development gap in ASEAN, fostering infrastructure development and ASEAN connectivity. … [Read more...] about Vietnam an invaluable member of ASEAN: Filipino diplomat

The participants at a recent online workshop on credit and capital market held by Fitch Ratings and The Asset journal all agreed that Vietnam is benefiting from multi-national groups’ strategy on relocating their production bases out of China. Muralidharan Ramakrishnan from Fitch Ratings estimated that the capital EVN needs to develop infrastructure may amount to $4-5 billion in the next 2-3 years. … [Read more...] about VN businesses seek low-cost capital to develop infrastructure

Net interest income (NII) for the first half grew to VND8.1 trillion, up 23 per cent from the same period last year. Net Fee and Commission Income (NFI) was VND2 trillion, posting 57 per cent year-on-year increase. NFI was 16.8 per cent of TOI as compared to 13.8 per cent in the first half of 2019, with a strong contribution from bond underwriting activity during the period. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3