VNTLAS decree, a key tool to minimise illegal timber products, says expert

The Vietnam Administration of Forestry (VNFOREST) is drafting a decree of Vietnam Timber Legality Assurance and Agreement (VNTLAS), which is seen as a key tool to prevent illegal timber products. Deputy Director General of VNFOREST Phạm Văn Điển spoke with Việt Nam News reporter Thu Giang about the importance of this decree.

Vietnamese entrepreneurs a pillar of socio-economic development

On the occasion of Vietnam Entrepreneurs' Day (October 13), President of Vietnam Chamber of Commerce and Industry (VCCI) and Chair of the Central Council for Vietnamese Businesses  Vũ Tiến Lộc spoke to the Vietnam News Agency about opportunities and challenges facing Vietnamese entrepreneurs in today's economy. 

Talking Shop

Developing bond market can help satisfy demand for capital

Vietnamese enterprises are in dire need of capital to expand production and business, but the current development of the capital market cannot meet this demand. While the stock market and government bonds are gradually helping raise capital, the corporate bond channel has not developed as expected. Đỗ Ngọc Quỳnh, general secretary of the Việt Nam Bond Market Association, spoke with the Vietnam News Agency about the mechanism's inadequacies, credit ratings and information disclosure on the capital market
Talking Shop

VN seeks new ways to attract private funds for infrastructure projects

Việt Nam is seeking more private investment to finance infrastructure projects, but it also needs to generate higher returns on those investments. Naoyuki Yoshino, dean of the Asian Development Bank Institute (ADB Institute), spoke to Việt Nam News reporters Bồ Xuân Hiệp and Nguyễn Việt Dũng about ways to attract private funds for infrastructure development.

Talking Shop

Transparency critical to seize opportunities

The US-China trade war is escalating sharply. In the most recent move, the US imposed a 10 per cent tariff starting from Monday on US$200 billion of Chinese imports. These tariffs will then rise to 25 per cent on January 1. In retaliation, China has decided to impose taxes on about $60 billion worth imports from the US together with the publication of a white paper about US trade frictions. For Việt Nam, the trade war will bring opportunities and risks. Việt Nam News reporter Mai Linh talks with industry associations about possible impacts of a trade war between the world’s two largest economies on their industries.

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Exchange rate no problem for Việt Nam

The exchange rate between the Vietnamese đồng and the US dollar has kept on rising significantly in recent weeks, which has surprised both investors and analysts in Việt Nam despite the economy’s stable development and historical-high foreign reserves. Việt Nam News reporter Nguyễn Hoàng Sơn discusses the issue with Phạm Tiến Dũng, deputy head of Research and Investment Advisory Department at Bảo Việt Securities Joint Stock Company

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Future bright for Việt Nam’s capital market

The Vietnamese economy’s bright prospects have created many opportunities for investors in the market. However, the economy is still heavily dependent on credit and the development of this market is still limited.

Vietnam News Agency talks to Vũ Bằng, member of the Prime Minister’s Economic Advisory Group, about how to make Việt Nam’s capital market become more attractive and what opportunities will be identified in 2018.

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Future bright for VN’s woodworking industry

Việt Nam's woodworking industry has registered significant growth in recent years. The industry earned US$8 billion last year, up from $7.3 billion in 2016. Huỳnh Văn Hạnh, standing deputy chairman of the Handicraft and Wood Industry Association of HCM City, and Nguyễn Chánh Phương, director of Danh Mộc Co., Ltd, speaks to Việt Nam News about all this and more.

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Mixed blessings from China trade pacts

Despite important trade agreements and commercial commitments between Việt Nam and China, local enterprises are not reaping expected gains. Phạm Sỹ Thành, Director of the China Economic Research Programme at the Việt Nam Centre for Economics and Policy Research, explains the situation.

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Fund manager optimistic on VN stock market

After 10 years, VN-Index reached historical milestone when reaching 800 points. Việt Nam News talks with Steven Mantle, offshore fund raising director under Vietfund Management (VFM) about the market as well as operation of its funds. 

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Hải Phòng calls for more investment from ASEAN countries

Over the last five years, Hải Phòng has developed a strategy to attract investment from corporations across ASEAN and build sustainable cooperative ties with them. Lê Trí Vũ, director of the Hải Phòng Investment, Trade, Tourism and Tourism Promotion Centre speaks to the Vietnam News Agency about the issues.

Talking Shop

New Decision to boost power pricing transparency

Prime Minister Nguyễn Xuân Phúc has promulgated Decision 24/2017/QĐ-TTg to allow the Electricity of Việt Nam (EVN) to raise the average retail price of electricity by 3 per cent to less than 5 per cent without asking permission from the Ministry of Industry and Trade (MoIT). Nguyễn Anh Tuấn, director of the Electricity Regulatory Authority of Việt Nam (ERAV) told media about issues relating to the decision.