Việt Nam News

High stockpiles coupled with fierce competition from cheap imported steel are hitting the domestic steel industry which is already under scrutiny regarding its impacts on the environment. President of the Việt Nam Steel Association Hồ Nghĩa Dũng speaks to bnews.vn on the necessity of investments in steel production as well as what should be paid attention to when investing in steel projects.

Đặng Hoàng Hải, head of the Ministry of Industry and Trade’s European Market Department told to chinhphu.vn about potential and also challenges from the EAEU-Việt Nam FTA for major export products of Việt Nam to the market.

Vinamilk, Việt Nam Dairy Products Joint Stock Company, expects to reach its target of becoming one of the top 50 global dairy firms in the next three years after it has shown strong development over the past 40 years.

Late June Thailand’s largest corporation, PTT Public Company Limited (PTT), postponed plans to build the US$20 billion Victory Nhơn Hội refinery and petrochemical complex in the south-central coastal province of Bình Định.

Around 3,000 business conditions under circulars have expired since July 1, 2016 and those were replaced by 50 new decrees on business conditions.

To implement the Government’s Resolution 35/NQ-CP to support and develop enterprises by 2020, the Ministry of Industry and Trade would have to amend, add and abolish regulations on import and export licences, market management, competition and the part supplying industry. Minister of Industry and Trade Trần Tuấn Anh speaks to the Vietnam News Agency about those issues.

Trần Thị Hồng Minh, director of the Business Registration Management Agency under the Ministry of Planning and Investment (MPI), talks about how the new regulations can be made effective in an interview with government portal chinhphu.vn.

The Unlisted Public Company Market (UPCoM) has been in operation for the past seven years with more than 300 enterprises participating and market capitalisation reaching nearly VNĐ70 trillion (US$3.2 billion).

The strong growth of the market is a challenge for its management authority – Hà Nội Stock Exchange (HNX). The Vietnam News Agency reporter spoke to HNX Deputy Director Nguyễn Anh Phong about the challenge.

Brexit could directly impact Việt Nam's garment and textile industry in the last quarter of this year, according to experts.

The Government has approved a plan to establish a special committee, which will operate like a business, to manage capital at State-owned enterprises (SOEs). 

The Trans-Pacific Agreement has been signed and it promises growth opportunities for all 12 members. Trade is forecast to surge, requiring solid preparations by companies in logistics and port operations. Việt Nam News reporter Thu Ngân asks business executives how their companies are preparing and what Vietnamese companies should do to successfully integrate.

Viet Nam News spoke with Tharabodee Serng-Adichaiwit, general manager of Bangkok Bank Public Company Limited in Viet Nam, about the investment trend.

Over the last few years, firms exporting Vietnamese basa and tra fish fillets to the US have faced severe problems due to a sudden increase in anti-dumping duties. At these rates, the Vietnamese exporters will find it increasingly difficult to export to the US market. Dharmendra N. Choudhary, a Washington DC-based international trade attorney with the law firm GDLSK LLP, speaks about the reasons behind the change.

The Minister of Industry and Trade Trần Tuấn Anh and 17 other new ministers were approved by the National Assembly in the meeting in April.

The Trans-Pacific Partnership (TPP) will bring both opportunities and challenges to the finance sector in Việt Nam. Việt Nam News asks Alan Pham, chief economist of VinaCapital Corporate Finance Việt Nam Ltd., about them.

Vũ Như Thăng, head of the Ministry of Finance’s External Relations Department spoke to Bnews, an economic news website of the Vietnam News Agency, about other issues.

Vietnamese companies are preparing for the country’s deepening integration with the establishment of the ASEAN Economic Community (AEC) and signing of the Trans-Pacific Partnership (TPP). 

Việt Nam’s gross domestic product (GDP) grew by 5.46 per cent in the first quarter, slower than the 6.12 per cent during the same period last year, the General Statistics Office (GSO) announced this week.