Việt Nam News

Food producer KIDO Group said its frozen business has helped increase profits by 21 per cent in the first quarter of this year to VNĐ317 billion (US$13.9 million).

Domestic cashew processing enterprises have been facing difficulties due to a new regulation that requires additional checks on raw materials imported from African ports.

Summer is the peak season for tourist companies and high sales and dividend rates are expected to drive tourism shares up in the coming months.

The People’s Committee of the southern province of Đồng Nai has announced a list of 12 infrastructure projects, calling for investment worth more than US$1.2 billion in total. 

HCM City’s Tax Department has announced a list of 1,691 companies with total unpaid tax debt of nearly VNĐ 4.5 trillion (US$ 193.5 million).

Việt Nam Railway (VNR) and NextTech Group signed an agreement on Tuesday in Hà Nội to offer online booking and payment services for railway tickets through e-wallet VIMO.

The Ministry of Industry and Trade (MoIT) has launched an anti-dumping investigation into industrial medium density fibreboard (MDF) imported from Thailand and Malaysia.

Mid-sized corporates in Việt Nam and other ASEAN countries, need to devise new strategies, from digitalisation to partnerships and overseas ventures, to build growth against major shifts in their respective sectors of operation, according to a Standard Chartered thought leadership report.

In Q1, the factory turned out more than 1.7 million tonnes of products and earned over VNĐ23.05 trillion in revenue.

Quế Lâm Group General Director, Nguyễn Thanh Vinh, said the plant is developed to meet the rising demand for quality organic fertiliser products in the northern region. It is also the second plant of his company in Vĩnh Phúc Province’s Bình Xuyên District.  

At the annual general meeting of Vietnam International Bank (VIB) in HCM City on March 28, shareholders approved a dividend of 26.5 per cent for 2019, including 5.5 per cent in cash and the rest in shares.

Each speciality product from Đà Lạt and Lâm Đồng Province will be given a unique identification number to help consumers distinguish between them quickly and accurately.

Vietnamese companies need to invest in advanced technologies to meet the rising demand for high-quality goods in the domestic market as well as to expand exports, Nguyễn Thiện Nhân, the HCM City Party Committee Secretary, said.

Some commercial banks expect to get high credit growth limits set by the central bank this year as they have so far met Basel II’s capital safety and risk management standards ahead of schedule.

Việt Nam must focus on consolidating macroeconomic foundations and renovating institutions to increase resilience in the context of global uncertainties, according to the Central Institute for Economic Management (CIEM).

The Ministry of Industry and Trade (MoIT) has proposed a VNĐ100 trillion (US$4.31 billion) preferential credit package for the development of the country’s support industry.

A medium density fibreboard (MDF) factory that is considered the biggest of its kind in the central region of Việt Nam was inaugurated in Vũ Quang District of Hà Tĩnh Province on Sunday.

Việt Nam’s digital economy has progressed rapidly in recent years, but challenges in network security require the country to build a comprehensive national strategy to address network vulnerabilities.