Economic restucturing ‘too slow'
Although economic restructuring has been recognised as a vital task, the process remains slow and requires greater efforts for a more comprehensive outcome, according to experts.
Viet Nam Bank for Industry and Trade (VietinBank) and the Petrolimex Group Commercial Joint Stock Bank (PGBank) signed an official merger document yesterday, thereby opening opportunities for the new bank.
Many small enterprises hit the wall
For the first four months of this year, 3,249 small enterprises have closed their business, and 19,000 others temporarily stopped operations, a survey conducted by the Viet Nam Chamber of Commerce and Industry (VCCI) has found.
VN-Index climbs for third day
Money continued to flow in HCM City's stock market yesterday, extending gains on the southern exchange.
In a move to ease businesses' access to loans, the Ministry of Finance this week cut interest rates on State investment and export credit.
HCM City is implementing several trade promotional activities in Myanmar to help its enterprises effectively tap into potential markets, the Vietnam Economic Times reported.
Masan Group Corporation (MSN) has found the 20th place on the Forbes' list of the World's 100 Most Innovative Growth Companies 2015.Forbes Magazine announced its list last week.
Foreign residents start to eye property
Mark Cameron of the UK, who lives and works in Viet Nam, believes that he will be able own residential property thanks to the revised Law on Housing, which has removed prior restrictions on foreigners from buying property in the country. It will take effect next month.
The Ministry of Finance, currently drafting a circular to regulate the sale of share lots offered by equitising State-owned enterprises (SOE), said it hopes to finalise the draft by the end of the month.
Viet Nam's social and economic factors are supporting the growth of its real estate market, which has bottomed out, an executive at property consulting firm Savills Vietnam has said.
Tokyo Keiki Precision Technology Inc inaugurated its first plant outside Japan at the city ‘s Hi-Tech Park yesterday, following eight months of construction.
The ups and downs of devaluing the dong
The ups and downs of devaluing the dong

On May 7 the State Bank of Viet Nam decided to weaken the dong by 1 per cent, reducing its daily reference rate against the US dollar from VND21,458 to VND21,673, the second devaluation this year.

VN-South Korea FTA: A chance to develop firms
VN-South Korea FTA: A chance to develop firms

The Viet Nam - South Korea Free Trade Agreement (FTA) signed on May 5 is expected to bring positive effects to many of the countries' economic fields.

Highlight

Commando recalls sinking of US aircraft carrier Commando recalls sinking of US aircraft carrier

Seventy-nine-year-old former Vietnamese commando Lam Son Nao still feels uncomfortable whenever he thinks about the moment he tried to recover 84 kilos of explosives that had been left near the USNS Core aircraft carrier.

When festivals lose sight of the people 1    When festivals lose sight of the people

Last year I visited George Town in Penang, Malaysia. I was excited to find a lot of similarities between it and my hometown, Hue.

Cultural events lead to fireworks competition 1    Cultural events lead to fireworks competition

An International cuisine event will be held in the central city as a lead up to this weekend's scheduled seventh Da Nang International Fireworks Competition, a contest between teams representing five countries.

Da Nang to monitor trees with GIS 1    Da Nang to monitor trees with GIS

Da Nang plans to use the geographic information system (GIS) in the city's public tree management work, the municipal People's Committee spokesman Vo Van Thuong said.

Man detained for trafficking 15 monkeys Man detained for trafficking 15 monkeys

The Nghe An Province's environmental crimes division said this morning that it has detained a man for allegedly trafficking monkeys following a tip-off.