Việt Nam News

Businesses in Hà Nội are cashing in on the mania surrounding the upcoming summit between US President Donald Trump and leader of the Democratic People’s Republic of Korea Kim Jong-un.

The Government will double the credit limit for poor people seeking loans without collateral, as part of efforts to reduce poverty and prevent loan sharks.

Deputy Prime Minister Trịnh Đình Dũng has asked South Korean carmaker Hyundai Motor Company to promote technology transfer to its local partners in Việt Nam and increase its localisation rate to a minimum of 40 per cent.

The State Treasury of Việt Nam raised more than VNĐ51.24 trillion (US$2.19 billion) via Government bond (G-bond) auctions on the Hà Nội Stock Exchange (HNX) in the first two months of 2019.

Although there have been some positive signs in recent years, Việt Nam’s sea transport sector still face difficulties with many enterprises suffering heavy losses. The maritime industry is proposing support mechanisms to help the sector out of its stagnant state.

With peer-to-peer lending becoming increasingly popular in Việt Nam, experts said a legal framework is needed to regulate the activity to prevent loan-sharking.

Tuna exports are expected to top US$1 billion this year, up $350 million from last year, according to the Việt Nam Association of Seafood Exporters and Producers.

Viettel is among only 50 telecom companies in the world to successfully deploy the narrowband internet of things (NB-IoT), a technology developed for devices supporting IoT connectivity.

Saigon Co.op Food Company Limited in collaboration with Millennials Market Co., Ltd opened a Co.op Food shop at 45 Đinh Tiên Hoàng Street in HCM City’s District 1 on Sunday.

Last August Prime Minister Nguyễn Xuân Phúc issued Decision No.986/QĐ-TTg on the Development Strategy of the Banking Sector.

Gold prices have room to grow this year as economic and geographical uncertainties around the world may lure investors into gold as “safe haven”.

The market is expected to remains positive trend in the short-term, with the VN-Index keeping moving towards the 990-1,000 point range next week.

The Leipzig Trade Fair, which will run until March 3, is one of the biggest and most successful consumer fairs in Germany, attracting about 1,000 firms from 20 countries and territories this year.

Prime Minister Nguyễn Xuân Phúc has urged the central province of Nghệ An to work harder to improve the business and investment environment, reform administrative procedures and create the best possible conditions for investors.

On February 24, VSIP Bắc Ninh held a ceremony for the opening of its office building, launch of the Inno-Biz Hub and accreditation ceremony for the Dot Property Southeast Asia Award 2018 for BelHomes.

Transparency and quality of information disclosure are the main concerns for market members, public companies and auditors to lure a larger amount of capital in 2019, business executives have said.

The profitability of Vietnamese banks has improved significantly, driven by growth in core income and robust macroeconomic conditions.

Việt Nam will create conditions for the development of a sharing economy, Deputy Prime Minister Vương Đình Huệ said at a recent conference about the compilation of a sharing economy model.