Prevention of smuggling of goods across the country’s borders is becoming more difficult as the New Year season approaches, according to border authorities.

The benefits of Industry 4.0 may add between US$28.5 billion and $62.1 billion to Việt Nam’s gross domestic product (GDP) by 2030, according to a report by the Central Institute for Economic Management (CIEM).

Việt Nam Chamber of Commerce of Industry (VCCI), representing businesses nationwide, yesterday urged taxation and customs sectors to further reform administrative procedures.

Viettel Pay’s digital banking service has received the certificate of the Payment Card Industry Data Security Standard, the international information security standard for organisations that handle branded credit cards.

The disbursement of foreign direct investment (FDI) posted an increase of 3.1 per cent in January - November over the same period last year to total US$16.5 billion, despite a fall in the registered FDI inflow.

The three-day event is showcasing food, beverage and related products. In addition, the exhibition will also display a range of equipment for the food, beverage, restaurant and hotel industries. This is the first time Việt Nam’s leading food and hospitality trade event has been held in the capital city after eight exhibitions in HCM City.

The State Bank of Việt Nam (SBV) is drafting a new circular on foreign currency lending, allowing credit institutions and foreign bank branches to extend loans to some borrowers in 2019 instead of cutting them off at the end of this year as planned.

Vietnamese shares extended gains for a second session thanks to sole efforts of some large-cap companies and declining oil prices.

As one of the fastest growing provinces in the key southern economic zone, Bình Dương is among the hottest investment destinations in the country.