Reform, outdated EPZs advised
Between 60 and 70 per cent of equipment and technologies used at export processing and industrial zones is outdated, resulting in products with low added value, the HCM City People's Committee has said.
Banks reduce cross-ownership
Only three pairs of commercial joint stock banks had cross-ownerships, down three pairs from 2012, said Governor of the State Bank of Viet Nam (SBV) Nguyen Van Binh.
Mobile web use to increase rapidly
Mobile broadband subscribers in Viet Nam are expected to reach 90 million by 2020, given the increasing affordability of smartphones.
Deposit interest rates are set to rise as growth rate of deposits has been lower than that of credit, according to a report from the National Financial Supervisory Commission (NFSC).
Vietnamese Ambassador to Mexico, Le Linh Lan, suggested Mexico would soon open a trade office in Viet Nam, while speaking during a business forum in Mexico City on Thursday.
Market dips as foreign investors sell
The stock market fell on both bourses as foreign investors continued to reduce their total net buy value by two thirds to VND18.2 billion ($842,000).
Declining local, international prices hit rubber shares hard
A decrease in global and domestic rubber prices had cut into both profits and shares in rubber firms, Securities Investment reported.
Viet Nam expects to lower its software piracy rate to 75 per cent in the coming period, according to an official of the Ministry of Culture, Sports and Tourism.
US-based Microsoft Corp introduced its Universal Windows Platform, an evolution of the same modern platform on phones since Windows 8.1 and PCs since Windows 8, at the annual Build developer conference in Singapore on Thursday.
The northern province of Vinh Phuc has granted an investment licence to a company from the Republic of Korea to produce mobile spare parts and electronic devices for Samsung.
Viet Nam Bank for Agriculture and Rural Development's Deputy Director Dinh Thi Thai will be deputy director of the Bank for Foreign Trade of Viet Nam (Vietcombank) from June 1.
Inward remittances continue to rise in HCM City
Inward remittances continue to rise in HCM City

Overseas Vietnamese have sent home remittances of US$1.4 billion through HCM City-based banks in the first four months of this year, a year-on-year increase of 19.6 per cent.

Drastic banking restructuring in progress
Drastic banking restructuring in progress

The implementation of the project, ‘Restructuring the system of credit institutions in 2011-15' has entered its final year.

Highlight

VN smartphone hits shops 1    VN smartphone hits shops

Bkav Corporation yesterday launched the first made-in-Vietnam smartphone, Bphone, which was in development for more than four years.

CAAV plan seeks to tighten baggage security 1    CAAV plan seeks to tighten baggage security

The Civil Aviation Administration of Viet Nam (CAAV) has issued a plan for better management and prevention of theft of passengers' baggage and cargo, and to ensure aviation security.

Son makes Dad prize wheelchair 1    Son makes Dad prize wheelchair

Le Van Hoa works through his lunchtime at a workshop at the Hue College of Industry every day, despite the extreme heat. He is finalising an electric wheelchair designed for his father who was paralysed in a motorbike accident 12 years ago.

US show to shoot secret cave special 1    US show to shoot secret cave special

The American television network ABC (American Broadcasting Company) will make a live broadcast of a Good Morning America programme featuring one Viet Nam's natural wonders.

Prime Minister awards merit certificate to swimmer Vien 1    Prime Minister awards merit certificate to swimmer Vien

Nguyen Thi Anh Vien received a Labour Order third class, and a merit certificate from Prime Minister Nguyen Tan Dung on Monday.