Daily Archives: August 5, 2020

Construction industry issues action plan on emissions

The Ministry of Construction has announced a national action plan on green growth in 2020-2030 focusing on reducing greenhouse gas (GHG) emissions and implementing the Paris Agreement.   According to Deputy Minister Nguyen Tuong Van, the goal of the plan is to reduce greenhouse gas emissions in construction materials production and develop construction works, urban

Reference exchange rate stable despite record gold prices

The State Bank of Vietnam set the daily reference exchange rate at 23,208 VND per USD on August 5, down 6 VND from the previous day.   With the current trading band of+/-3 percent, the ceiling rate applied to commercial banks during the day is 23,904 VND/USD and the floor rate, 22,512 VND/USD.   The

Banks racing to catch digitisation

Vietnam has seen a digital wave in the finance-banking industry, with many lenders investing significantly in digitisation, experts have said.   The COVID-19 pandemic might have had a severe effect on the economy, but it has helped accelerate banks’ digitisation, they told.   With many people looking for new options to deal with their financial

Viettel Global posts 50.7 million USD before-tax profit in H1

Viettel Global, a foreign investment unit of telecoms giant Viettel, posted a before-tax profit of 1.17 trillion VND (50.7 million USD in the first half of this year, equivalent to the same period last year.   Viettel’s Global revenue rose 9.7 percent to 8.6 trillion VND in the period thanks to growth in its three

Thai firms acquire wind power farm in Ninh Thuan

  Thailand’s Banpu and its power business arm Banpu Power (BPP) have joined forces to acquire El Wind Mui Dinh, an onshore wind farm in the south-central province of Ninh Thuan, in a deal worth 66 million USD.   Local media on August 5 quoted Banpu CEO Somruedee Chaimongkol as saying that the transaction will

Gojek app debuts in Vietnam

  Gojek, the leading on-demand service and payment platform in Southeast Asia, officially debuted its app in Vietnam on August 5.   Customers can access services such as ride-hailing with GoRide, goods delivery with GoSend, and food delivery with GoFood on the Gojek app, on both iOS and Android operating systems.   The platform has

Binh Duong’s wood exports up slightly in first half

  Wood and wooden product exports in the southern province of Binh Duong hit more than 1.7 billion USD in the first half of 2020, up 0.6 percent year-on-year and accounting for 14.5 percent of the local total export value of 11.9 billion USD.   Local companies producing wooden products are expected to benefit from