The State Bank of Vietnam set the daily reference exchange rate at 23,197 VND per USD on March 6, down 6 VND from the previous day.

Domestic wood processing enterprises are urged to use more online commercial channels to find new markets and customers, especially during the COVID-19 epidemic.

Stores in HCM City have introduced a wide range of products for International Women’s Day (March 8) and are offering promotions to attract buyers.

The Handicraft and Wood Industry Association of HCM City (HAWA), the Bình Dương Furniture Association (BIFA) and the Handicraft and Wood Industry Association of Đồng Nai (DOWA) on March 5 signed co-operation agreements with FPT Corporation on promoting digital transformation to help wood processing enterprises optimise operations, save costs and improve competitiveness.

Việt Nam is expected to achieve its export target of 6.7 million tonnes of rice this year due to high global demand, according to an official of the Department of Plant Cultivation.

Credit growth of the banking system in the first two months of this year reached only 0.06 per cent, slowing significantly against the 1 per cent rate in the same period last year, due to adverse impacts of the COVID-19 epidemic, the State Bank of Việt Nam (SBV) reported.

Vietnamese shares gained narrowly as investors took use of intra-day growth to stave off risks and foreign investors remained net sellers.

Margin lending may be allowed on the Unlisted Pubic Company Market (UPCoM), the State Securities Commission (SSC) vice chairman Phạm Hồng Sơn said on Wednesday.

Plummeting global oil prices over the past month are hurting the stock prices of Vietnamese oil and gas companies, tinnhanhchungkhoan.vn reported on Wednesday.

A majority of firms at a meeting with city leaders in the central region's economic and tourism hub on Wednesday said they need help from the State, asking for extended credit lines and a delay on making social security payments.

Vietnam Electricity (EVN) needs total investment capital of VNĐ93.2 trillion (US$3.97 billion) for power projects this year and it will focus all resources to ensure the progress of such projects, according to the group. 

More than 24,300 rooftop solar projects have been installed this month, with a total capacity of 465.8 megawatt peak (MWp).

Regulatory overlapping was the biggest problem at State-owned enterprises (SOEs) since they were handed over to the Commission for the Management of State Capital at Enterprises, officials have said.

As many as 24,300 rooftop solar power projects with a total capacity of 465.8 MWp have been installed and put into operation by early March, according to the Electricity of Vietnam (EVN).

Việt Nam this year would have opportunities to continue increasing rice exports to Senegal, as well as Africa as a whole, due to high demand from those markets, the Việt Nam Trade Office in Algeria said.

Another 15 commercial banks slashed the fees for interbank transfers of small sums worth less than VNĐ500,000 (US$22) by March 4

Lao Airlines will launch a direct air route between Đà Nẵng and Vientiane, capital of Laos, with three flights per week from March 29.

Việt Nam’s total retail sales and service revenue rose 8.3 per cent year-on-year to over VNĐ863.9 trillion (US$37.4 billion) in the first two months of this year, according to the General Statistics Office (GSO).

Although it exports a large number of chemical products to Japan and the Republic of Korea, Duc Giang Chemical Group JSC (DGC) has not yet experience any negative changes from the two markets.

The Vietnam Rubber Group JSC (GVR) will move four billion of its shares listing on the Unlisted Public Company Market (UPCoM) to the Ho Chi Minh Stock Exchange (HoSE).