Daily Archives: February 5, 2020

Investors still keen on SOEs despite land issues

Institutional investors are seeking opportunities to buy shares in large-cap State-owned enterprises when they launch IPOs in 2020.

Companies that are expecting to equitise this year include telecommunications groups MobiFone and VNPT, Saigon Jewellery Co (SJC), and tourism firm Hanoitourist.…

Rice exports to Philippines in 2019 surge

Vietnam shipped 884.94 million USD worth of rice to the Philippines in 2019, a year-on-year rise of 92.58 percent, according to the General Department of Customs.

In the year, total exports to the Philippines hit 3.72…

Reference exchange rate down 10 VND on February 5

The State Bank of Vietnam set the daily reference exchange rate at 23,196 VND/USD on February 5, down 10 VND from the previous day.

With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,892 VND/USD and the floor rate 22,500 VND/USD.…

nCoV fight should not affect national development: PM

Drastic actions must be taken to fight the acute respiratory disease caused by the 2019 novel coronavirus (nCoV), but they must not affect the country’s socio-economic development, Prime Minister Nguyen Xuan Phuc said on February 5.…

Algerian press consider Vietnam as socio-economic model

Leading newspapers and websites in Algeria have posted articles praising the achievements Vietnam has made after nearly 35 years of Doi moi (renewal) under the leadership of the Communist Party of Vietnam (CPV).…

Khanh Hoa: ocean tuna boats return to shore

Tens of ocean tuna boats on February 4 moored in the Hon Ro Port in Nha Trang city, the central province of Khanh Hoa, after a month-long voyage that lasted throughout the Lunar New Year (Tet) holiday.…

Repairs to submarine cables rescheduled

Repair work on some international undersea cables is unable to be completed as scheduled, and it will take more days for Vietnam’s internet connection with the world to be fully recovered.…