Việt Nam News

Thailand-based conglomerate Central Group, through its subsidiary, has taken the control of the Vietnamese electronics retailer Nguyễn Kim.

Vietnamese electronics makers have until the end of this quarter to find alternative sources for their input materials as inventories run low and supply would likely remain disrupted due to outbreaks of novel coronavirus (COVID-19) in China and S. Korea

Ministries are working to convince Prime Minister Nguyễn Xuân Phúc to amend divestment plans at some large State-owned enterprises (SOEs).

Việt Nam needs to focus on improving business conditions to ensure deregulation really benefitted businesses, heard a conference held by the Central Institute for Economic Management (CIEM) on Thursday in Hà Nội.

The unsatisfactory figures were attributable to the Lunar New Year holiday and the Covid-19 epidemic that have affected the travel of foreign investors as well as their decisions in developing new investment projects and expanding existing projects in Việt Nam, it said.

VN-Index maintained a downward trend in the morning but recovered in the afternoon thanks to the growth of some individual large-cap stocks.

Africa and the Middle East offer opportunities for Việt Nam to boost exports of farm produce with their large demand, especially for fruits and vegetables, according to the Ministry of Industry and Trade.

The Việt Nam Business Forum (VBF) on Thursday launched the second edition of the Made in Việt Nam Energy Plan (MVEP 2.0) which recommends a diversified energy system prioritising domestic energy resources.

The agency said restaurant and catering services received the lion's share of Vietnamese investment at $14.3 million, 48 per cent of the total. The manufacturing and processing sector ranked second with $8.9 million or 29.4 per cent, followed by the wholesale and retail sector, logistics and other services. 

Japanese JERA Co Inc has expressed its hope to supply liquefied natural gas (LNG) at Ô Môn 1 thermal power plant in the Mekong Delta city of Cần Thơ.

Google and Microsoft are accelerating efforts to shift production from China to Southeast Asian countries including Việt Nam amid the worsening coronavirus outbreak, the Nikkei Asian Review reported.

"IFC’s guarantee will help local banks significantly extend trade finance to more importers and exporters, some of which are credit-constrained and rely on bank trade facilities to manage cash flows and purchase raw inputs,” said VIB Chief Executive Officer Hàn Ngọc Vũ. 

The Ministry of Information and Communications said it was completing the national digital transformation programme and expected to submit it to the Prime Minister this month.

Asia Joint Stock Commercial Bank (ACB) on Wednesday introduced a stimulus loan package worth VNĐ25 trillion (US$1.08 million) to support enterprises and individuals affected by the coronavirus (COVID-19) epidemic.

Việt Nam exported agro-forestry-fishery products worth a total of US$5.3 billion in the first two months of this year, representing a slight drop of 2.8 per cent against the same period in 2019, updates from the Ministry of Agriculture and Rural Development showed.

India is a major trade partner and investor of Việt Nam and the two countries should spare no efforts to soon realise the target of bringing bilateral trade to US$15 billion, Minister of Planning and Investment said.

The Poliburo signed Resolution No 55-NQ/TW on Việt Nam’s strategic orientations for national energy development through 2030 with a vision to 2045 on February 11. Minister of Industry and Trade Trần Tuấn Anh speaks to Vietnam News Agency about the important implications of the new strategy involving the private sector investment.

The southern province of Đồng Nai plans to build industrial parks and expand existing ones to address the current shortage of space, according to the Đồng Nai Industrial Zones Authority.