Việt Nam News

Thành Thành Công One-Member Company Limited, a member of Thành Thành Công Corporation, plans to ship 1,000 tonnes of molasses to Australia’s Queensland this month, which is dealing with ongoing drought.

Vietnam Nutrition Food JSC (NutiFood) and Japanese beverage group Asahi, the owner of baby food brand Wakodo, on Thursday announced the establishment of a joint venture, aiming to bring nutritional products for children that meet Japanese standards to the Vietnamese market.

Steel producer Hoa Sen Group reported that it shipped 17,000 tonnes of steel sheets to the US worth US$14 million on Thursday.

The central province of Quảng Nam granted 26 new foreign direct investment (FDI) projects with total capital of nearly US$300 million in 2018, bringing the total number of FDI projects in the province to 169, worth $5.8 billion.

Việt Nam’s economic growth could reach 6.9 per cent in 2019, an increase of 0.1 per cent compared to the 2019 socio-economic development plan adopted by the National Assembly, in the context that Việt Nam is benefiting from the US-China trade war.

The net value of foreign capital flowing into Việt Nam’s equity market in 2018 hit US$2.8 billion, according to State Securities Commission vice chairman Phạm Hồng Sơn.

Despite the central bank’s tightened monetary policy, many banks reported good business performance last year thanks to improved bad debt resolution and rising income from services.

Việt Nam’s benchmark VN Index almost fell on Thursday as banks started to decline following recent gains and on caution after trade talks between China and the US.

Embracing the digital transformation is critical for Vietnamese bankers in the era of Industry 4.0, experts said during the 2019 Asian Banker Conference in Hà Nội on Thursday.

The People’s Committee of Khánh Hoà Province has given approval to Phước Thọ Private Company in Nha Trang to harvest, buy, process and export puffer fish, a potentially lucrative seafood resource.

Shrimp farms in HCM City are forced to sell their products to traditional markets despite achieving VietGAP standards since they cannot meet local supermarkets’ commercial conditions.

Ford Vietnam has announced record retail sales for a second consecutive month in December sales. It sold 3,959 vehicles, a 56 per cent year-on-year rise.

Media conglomerate Yeah1 Group announced in HCM City on Thursday that it has bought out ScaleLab, a well-known YouTube multi-channel network which represents some of the biggest social media influencers in the world.

The Ministry of Transport plans to develop Trần Đề seaport in Sóc Trăng Province into a national deep-water seaport with large scale by using private investment.

The Vietnam International Bank (VIB) has relocated its branch in the southern province of Đồng Nai as part of its increasing effort to bring convenience and a safe experience to customers.

Inter-bank electronic payment turnover accelerated to VNĐ73 quadrillion (US$3.2 trillion) in 2018, equal to 13 times the country’s GDP, according to Phạm Tiến Dũng, director of the State Bank of Việt Nam (SBV)’s Payment Department.

Hà Nội has devised a plan to cut logistics costs and improve transport connectivity in the capital city to support investors and businesses.

The European Union-Việt Nam Free Trade Agreement (EVFTA) and the EU-Việt Nam Investment Protection Agreement (IPA) promise to bring a number of opportunities for exports and investment between Việt Nam and the EU.