Nutritious food sector has growth spurt
Nutritious food sector has growth spurt
Despite the continued slowdown in the economy, Viet Nam's nutrition industry saw robust growth in the last 12 months, with local consumers still rating health as a major concern behind the economy and job security, according to a recent report from market-research company Nielsen.
SaigonCo.op joint venture opens outlet
SaigonCo.op joint venture opens outlet
The Saigon Co.op – FairPrice joint venture late last week opened its first Co.opXtra Plus hypermarket in HCM City's Thu Duc District.
VietinBanksells 20% stake to Bank of Tokyo
VietinBanksells 20% stake to Bank of Tokyo
Viet Nam Industry and Trade Joint Stock Bank (VietinBank) has finished selling nearly 20 per cent of its shares to Japan's Bank of Tokyo-Mitsubishi UFJ (BTMU).
Dong Nai set to revoke 39 project licences
Dong Nai set to revoke 39 project licences
The Dong Nai Department of Planning and Investment has asked the provincial authorities to revoke the licence of 39 projects worth US$2.195 billion because they have been delayed for too long. Four of these are FDI projects.
Viet Nam-Cambodia trade increases
Viet Nam-Cambodia trade increases
Two-way trade between Viet Nam and Cambodia in the first four months of the year reached nearly US$1.3 billion, a 10 per cent rise over the same period last year.
Kien Giang hot for thermal plant progress
Kien Giang hot for thermal plant progress
Southern Kien Giang Province authorities are impatient with the long delay in building a huge thermal power plant in Kien Luong District.
Coffee to get preferential credit loans
Coffee to get preferential credit loans
The coffee industry would receive preferential credit loans of VND8-10 trillion (US$380.95-476.19 million) from now until 2016 to implement a programme to recultivate old coffee crops, said Governor of the State Bank of Viet Nam (SBV) Nguyen Van Binh.
Indexes tread water as lower rates fail to kick in
Indexes tread water as lower rates fail to kick in
On the HCM City Stock Exchange last week, the VN-Index rose 0.31 per cent over the previous Friday's close to 487.60 points.
City okays expansion to ferry station
City okays expansion to ferry station
The HCM City administration has approved the expansion of the Cat Lai ferry stations connecting HCM City's District 2 with Dong Nai Province's Nhon Trach District.
Traffic projects launched
Traffic projects launched
The first sods were turned on Saturday at the 140km Da Nang-Quang Ngai Expressway project, the expansion of National Highway 1A and a new tunnel through two passes near the Hai Van Tunnel, all in central provinces.
Bank scotches currency rumours
Bank scotches currency rumours
The State Bank of Viet Nam denied speculation last week that it was preparing to adjust the exchange rate.

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Business Insight
Viet Nam to gain from trade flow shift
Viet Nam to gain from trade flow shift

Noel Quinn, HSBC Group General Manager and Regional Head of Commercial Banking Asia Pacific recently had a visit to Viet Nam, one of HSBC's important markets.

Banking - Finance
Coffee to get preferential credit loans

The coffee industry would receive preferential credit loans of VND8-10 trillion (US$380.95-476.19 million) from now until 2016 to implement a programme to recultivate old coffee crops, said Governor of the State Bank of Viet Nam (SBV) Nguyen Van Binh.

Markets
National stocks end two-day rally
National stocks end two-day rally

Shares fell into the red during yesterday's session on both national stock exchanges.However, according to securities specialist Quach Manh Hao, things will look brighter next month as the Vietnamese stock market will generate opportunities driven by investor psychology and cash pouring into bargain-priced shares.

Hightlight

Tax code reforms to decipher dependents Tax code reforms to decipher dependents

People who are dependent on personal income tax payers will be given their own tax codes to avoid people lodging claims as dependents of more than one taxpayer.

Farmer-firm linkups remain elusive despite Gov't efforts Farmer-firm linkups remain elusive despite Gov't efforts

More than 10 years after the Government unveiled policies to encourage tie-ups between farmers and businesses, the proportion of farm produce sold through such contracts remains modest.

Buddha statues highlight heritage Buddha statues highlight heritage

An exhibition of Buddhist artefacts from the 11th to 20th century opened yesterday at the HCM City-based Xa Loi Pagoda.

Australian book to provide ‘limitless' inspiration Australian book to provide ‘limitless' inspiration

A book by Australian limbless victim Nick Vujicic was launched in Vietnamese yesterday.