Việt Nam News

Việt Nam National Petroleum Group (Petrolimex) will focus on divestments and restructuring in 2019, implementing unfinished tasks from last year, the company’s management board announced at its annual shareholders’ meeting on Friday.

In the domestic market, more than 85 per cent of Vietnamese farming products are sold at traditional retail channels including wet markets, wholesale markets or street markets

The forestry industry showed a strong increase in export value in the first four months of the year, according to the Việt Nam Forestry Administration.

The Prime Minister has asked the Ministry of Construction (MOC) and relevant ministries to complete the legal system regarding the local property market to ensure sustainable development, according to the Prime Minister’s direction issued on April 23.

About 50 businesses from South Korea are seeking Vietnamese partners, especially in the field of robotics and automation.

The Hồ Chí Minh City Real Estate Association (HoREA) has suggested the State Bank of Việt Nam (SBV) extend the application of regulations on banks’ maximum ratio of short-term funds used for medium- and long-term loans until the end of 2020.

Việt Nam has recently become one of the favoured destinations for M&A for foreign investors, particularly those from Japan, Korea and Singapore. Key sectors of interest include real estate, food and beverages, retail, and to a lesser extent, manufacturing.

Revitalisation and innovation are indispensable for Vietnamese businesses to improve their competitiveness.

Việt Nam’s economic growth is projected to moderate to 6.6 per cent in 2019, driven by credit tightening, slower private consumption and weaker external demand, according to the World Bank (WB).

Việt Nam’s economy is forecast to maintain positive performance in 2019, despite the many difficulties for the banking system

Hậu Giang Pharmaceutical Joint Stock Company (DHG) has become a subsidiary of Japan’s Taisho Pharmaceutical Co Ltd after the Japanese drugmaker acquired an additional 20.6 million shares of DHG, lifting its stake to 50.78 per cent.

Vietnamese shares edged up on Friday morning but liquidity remained low ahead of the national holidays.

The annual Vietnamese High-Quality Products Fair opens on Friday at the Phú Thọ Stadium in HCM City’s District 11.

The annual capacity of Hà Nội’s Nội Bài International Airport will increase to 80-100 million passengers by 2050 as part of an expansion plan agreed by the Civil Aviation Authority of Vietnam (CAAV) and a French company.

Foreign direct investment (FDI) committment in Việt Nam witnessed a significant yearly increase of 81 per cent to US$14.59 billion in the first four months of the year, the Foreign Investment Agency (FIA) under Ministry of Planning and Investment announced on Wednesday.

More than 300 domestic manufacturers and suppliers took part in the AmCham Supplier Day 2019 to seek trade co-operation opportunities with US firms in Hà Nội on Thursday.

Canada had become a promising market for Vietnamese goods following the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, heard a workshop in Hà Nội on Thursday.