The maximum insurance payable to a depositor for all deposits in an insured organisation will be raised to VNĐ75 million (US$3,289) from VNĐ50 million with effect from August 5.

The Việt Nam Technological and Commercial Joint Stock Bank (Techcombank) has proposed that its shareholders approve a share buyback plan that will take place in 2017.

Online retail is expected to continue increasing, as domestic and foreign retail companies are planning to invest heavily in this field.

With double-digit growth annually, Việt Nam has a promising cosmetics industry for foreign firms seeking to expand overseas, experts have said.

Lục Ngạn District in the northern province of Bắc Giang see a rich harvest of lychee this year, with its growers happier than in previous seasons because lychee prices have reached highest level ever.

The Coal Mineral Industries Group (Vinacomin) must cut costs to become competitive and find buyers for its stockpile of 9.3 million tonnes of coal, the Prime Minister’s working group said.

Shares ended Monday on a positive note as banks reacted to information that the new bad debt settlement resolution will likely be approved by the National Assembly this week.

Australia has lifted the ban it imposed in January on uncooked Vietnamese shrimp products. Vietnamese companies may resume importing raw prawns caught in Australia for processing and export them to Australia for consumption.

Enterprises in Việt Nam and Algeria will explore more business and trade opportunities with each other, said Vietnamese Ambassador to Algeria Phạm Quốc Trụ who led a delegation from the Embassy of Việt Nam visiting Oran City, Algeria.