Việt Nam News

Japan was a key market for the Vietnamese tourism sector, Deputy Ambassador of Vietnam to Japan Lâm Thanh Phương said yesterday, predicting that the exchange of tourists between the two countries would reach 1.5 million arrivals by 2020.

Việt Nam needs to adjust its development strategy for the mechanical engineering industry to ensure it develops sustainably.

Enterprises should cooperate with universities and research institutes on high-tech solutions to develop the city’s key industrial products, experts have said.

US businesses expected progressive changes and clear improvements in both hard and soft infrastructure as well as policies for investment and business co-operation in Việt Nam, said Vice Chairwoman of the Vietnam Chamber of Commerce and Industry (VCCI) Virginia Foote.

Developers in the south are ignoring the workers’ housing segment despite the huge demand for it, analysts said.

A complex intended to connect Japanese and Vietnamese firms involved in supporting industries will be developed in the Hà Nội Southern Supporting Industrial Park (HANSSIP).

The escalation of the US-China trade war continued to cast a shadow over global markets on Tuesday, but Vietnamese shares still posted gains.

The international exhibition on products and services for maternity, mothers and children and kids, VIETBABY 2019, will be held in HCM City from May 30 to June 2, with the participation of more than 150 local and foreign exhibitors.

The Mekong Delta city of Cần Thơ expects to receive Canadian investment in high-tech agriculture so that local staples can meet stringent requirements in some foreign markets.

The expansion of Việt Nam’s road network would continue in the next decade in order to support growing freight transport volumes due a projected increase in economic activity, Fitch Group’s Fitch Solutions Macro Research forecast in a report released on Tuesday.

The Asian Development Bank (ADB) has received US$20.2 million from the Women Entrepreneurs Finance Initiative (We-Fi) to support women-led small and medium-sized enterprises (WSMEs) to access critical financing and training in Việt Nam and the Pacific.

Bitel, a brand of Viettel Peru has won a US$27 million contract to provide information and technology infrastructure for 1,837 schools in Peru.

Việt Nam’s insurance industry maintained positive growth in the first four months of this year, with total premiums surging by 17 per cent year-on-year to VNĐ44.3 trillion (US$1.9 billion), the Ministry of Finance reported.

Việt Nam and the US agreed to further strengthen financial-monetary cooperation, economy, trade and investment ties to promote the bilateral relations between the two countries, leading up to the 25th anniversary of the establishment of Việt Nam-US diplomatic relations in 2020.

The Government of Qatar is implementing many strategies to establish new trade routes with foreign countries, including Việt Nam, to push up its development in every aspect. Qatar Minister of Commerce and Industry Ali bin Ahmed Al Kuwari speaks with Việt Nam News reporter Thu Giang about his country’s economic growth and the relationship with Việt Nam.

The capital adequacy ratio (CAR) of Việt Nam's credit institutions has improved thanks to their increased equity.

Reforms to customs checks and procedures must facilitate trade and prevent fraud at the same time, Deputy Prime Minister Vương Đình Huệ said, urging for enhanced supervision to ensure the quality of the process.

Under a draft circular about intermediary payment services the State Bank of Việt Nam recently made public, e-wallett daily transaction limits were set at VNĐ20 million (US$850) for individuals and VNĐ100 million for organisations