Despite the high devaluation of the Vietnamese đồng against the US dollar after Tết (Lunar New Year) holidays, experts believe the exchange rate will remain stable this year.

The Cần Thơ People’s Committee has called for industrial reform as the city’s Industrial Production Index (IPI) is not growing as quickly as in other cities.  

Local business conditions have strengthened continuously since December 2015, pushing the Vietnam Manufacturing Purchasing Managers’ Index (PMI) to a 10-month high of 53.5.

Fitch Ratings on Tuesday upgraded the long-term issuer default rating (IDR) of Military Commercial Joint Stock Bank (Military Bank) to ‘B+’ from ‘B’ with a stable outlook. Fitch also upgraded the bank’s viability rating to ‘b+’ from ‘b’.

Nearly 18,703 new enterprises were formed in the country in the first two months of this year, with a total registered capital of more than VNĐ197.3 trillion (US$8.66 billion).

Mai Tiến Dũng, Chairman of the Government Office and head of the Prime Minister’s working group, set a June 30 deadline for ministries to finish cutting a substantial amount of cumbersome administrative procedures and business permits that have long obstructed Việt Nam’s business community.

Vietnamese importers have temporarily stopped buying raw cashew from Africa due to a surge in prices, according to the Việt Nam Cashew Association (Vinacas).

 Shares rose for the fourth consecutive day yesterday on the HCM City Stock Exchange, largely on the strength of a handful of banking and energy blue-chips.

Việt Nam News reporter Phương Uyên talks to Gibs S. Song, a partner at California-based venture capital company Big Basin Capital and start-up investor in Việt Nam, about the key to the country’s start-up development and the possibility of a venture capital investment system.