Việt Nam News

The State Bank of Việt Nam (SBV) has licensed the Mobile Entertainment Corporation (ME Corp) to provide payment intermediary services.

Modest trading liquidity proved investors were quiet to trade ahead of key international events this week, including the US-China talks.

Most domestic credit institutions and foreign banks’ branches in Việt Nam expect their business performance in 2019 to be better than last year despite the predicted slowdown in credit growth, according to the State Bank of Việt Nam's latest survey released late last week.

Việt Nam is in the process of getting a licence to export avocado to the US, according to the Việt Nam Trade Office in the US.

Việt Nam enjoyed growth in its rice export volume but saw value fall in the first nine months of the year, according to the Ministry of Agriculture and Rural Development.

With cash still being the main payment mode, a youthful demographic and growing smartphone penetration, Việt Nam offers great opportunities for fintech developers, experts said.

Jewellery, cosmetics, supplements, liquor, clothing and footwear sold online are among the Ministry of Industry and Trade’s (MoIT) targets in their upcoming campaign to fight contraband and counterfeit goods, and to reinforce intellectual property rights.

The Ministry of Industry and Trade (MoIT) will ensure the supply-demand balance of essential commodities for the Tết (Lunar New Year) of 2020 and implement a programme on keeping goods in stock for market stabilisation.

To attract more investment, especially from overseas, HCM City needs to renovate and reform its export processing zones (EPZs) and industrial parks (IPs), experts have said.

Shares closed on a negative note on Monday after foreign investors extended their net selling streak, further damping investor sentiment.

Since the beginning of this year, nearly new 950 businesses were established in the province, with a total registered capital of more than VNĐ9.3 trillion (US$400 million), up 35 per cent year on year. 

Businesses are the main force of the nation to help promote economic growth, social development, and employment, Deputy Prime Minister Trịnh Đình Dũng said while attending the Vietnam Business Forum 2019 in the central coastal city of Đà Nẵng on Saturday.

With current low supplies of Grade A office in the capital city, the prices for this type keep increase in the next 3 years at the annual rate of seven per cent.

Local shrimp-breeding enterprises have mobilised investment from various sources to expand production in an aim to attract partners from shrimp supply chains from around the world.

One Mount Group was founded by Vingroup and its partners on September 26, 2019 and has charter capital of VNĐ3 trillion (US$129 million).

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) on Monday reported a record profit of nearly VNĐ17.6 trillion (US$758.2 million) in the first nine months of the year

The benchmark index was dragged down by large-cap real estate stocks such as Vingroup (VIC), Vinhomes (VHM) and Novaland (NVL).

Not carrying cash is not a problem in Việt Nam these days as more and more people are flashing the plastic.