Việt Nam News

Việt Nam wants to further cooperation in trade and investment with Argentina as the untapped potential between the two countries remained significant, Deputy Prime Minister Vũ Đức Đam said at the Việt Nam-Argentina Business Forum in Hà Nội on Thursday.

Nguyễn Mạnh Dũng, CEO of Namilux, one of the leading gas stove manufacturers in Việt Nam, said his company tied up with a Japanese partner and has adopted Japanese standards in its production for nearly 20 years.

About 65.3 per cent of Japanese companies in Việt Nam gained operating profits in 2018, 0.2 percentage points more than in the previous year.

Increasing the use of non-fired building materials is a trend in many countries, including Việt Nam.

The VN-Index gained for a fourth straight session on Thursday thanks to large buying power focused on certain large-caps.

Việt Nam’s economic freedom score is 55.3, making its economy the 128th freest in the 2019 Index. Its overall score has increased by 2.2 points, with a sharp increase in fiscal health and higher scores for investment freedom, according to the Heritage Foundation’s Index of Economic Freedom.

Kookmin Bank (under Korean KB Group) opened its first branch in Hà Nội on the 25th floor of Landmark72 building on February 20 after having received approval from the State Bank of Việt Nam.

Metfone, the first telecommunications brand of Viettel in an overseas market, posted an accumulated revenue of more than US$2.2 billion in its first 10 years of operation.

Việt Nam imported nearly 11,700 cars worth more than US$273 million in the first month of this year, marking the fifth consecutive month with a volume of at least 10,000 units, according to statistics from the General Department of Customs.

A workshop titled "Export via e-commerce platform: Opportunity with Amazon" will be held in Hà Nội on February 27.

Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.

Eight large-cap stocks may be included in the Financial Times Stock Exchange (FTSE) Emerging Markets Index if Việt Nam gets upgraded from a frontier to an emerging market in 2020, according to Bảo Việt Securities Company (BVSC).

A project on unobserved economy statistics, expected to be launched next year, will serve as an important reference for the statistics sector to refine its expertise up to international practices.

The amendments to enterprise and investment laws should be aimed at promoting the development of the private sector, a conference held in Hà Nội was told on Wednesday.

Thai financial firm Srisawad Corporation is looking to acquire the Finance Leasing Company I (ALC I) of the Vietnam Bank for Agriculture and Rural Development (Agribank) at an estimated cost of VNĐ523 billion (US$22.45 million).

Shares extended gains on Wednesday but the market still saw wide divergence among stock groups.

Chairman of the Việt Nam Chamber of Commerce and Industry (VCCI) Vũ Tiến Lộc talks with Vietnam News Agency about potential policies to deal with the reality that Vietnamese products face fierce competition from imported ones, in part due to the impacts of free trade agreements and the increasing diversification of modern foreign distribution channels into the domestic market.

The HCM City People’s Committee will offer more support such as workforce training and financial assistance to companies that make key industrial products.