Business News

Textile and apparel businesses in South Vietnam are facing critical levels of disruption due to severe social distancing measures to combat the COVID-19 pandemic and are requesting urgent support from the government and other industries to reboot operations.

In view of the latest development in COVID-19 epidemic situations, the Hong Kong SAR Government has adjusted its border control measures for overseas inbound travellers based on "vaccine bubble". The new measures will take effect next Monday (August 9).

1. Banks increase profits on strong credit growth
2. Banks' revenue from services increases sharply in H1
3. Top insurance businesses adopting digital systems
4. New electronic tax mobile app to launch this month
5. F&B groups hunker down during curbs
----and more news

1. Speciality gridline repairing truck supply
2. Materials and equipment supply
3. Cement transporting system repair-bid extend
4. Suspension coal sifter supply
5. Pneumatic equipment supply
----and more news

Vietnam's import-export value reached 373.36 billion USD in the first seven months of this year, according to the General Statistics Office.

Việt Nam’s current account surplus is forecast at 6.2 per cent of GDP in 2021 and will narrow over the coming decade as part of a general long-term narrowing trend.

A number of banks at the end of July reported significant increases in H1 profits on strong credit growth despite pressures from the coronavirus pandemic.

Despite a new outbreak of COVID-19 in Vietnam, the industrial property segment saw positive signs with new industrial zones established and key industrial projects beginning operations, according to a report by Savills Vietnam.