Việt Nam News

The Prime Minister’s working group has asked the Ministries of Finance and Planning and Investment to swiftly lift the foreign ownership limit of 49 per cent at enterprises where foreign investment is not restricted.

Healthy market growth during the weekend cannot conceal the fact that local stock markets are likely to remain quiet this week, amid an information-missing month in May and rising tensions throughout the globe.

The first quarter of this year saw the Petroleum Equipment Assembly & Metal Structure Joint Stock Company (PXS)’s revenues plummet to a mere VNĐ18.5 billion (US$815,000), 94.4 per cent down year-on-year.

As many as 40 per cent of foreign direct investment (FDI) enterprises choose to use commercial arbitration in cases of disputes, rather than going to court, said Phan Trọng Đạt, Deputy Secretary General of the Việt Nam International Arbitration Centre (VIAC).

A state-owned consultancy has proposed adjustments to the expansion plan for HCM City’s Tân Sơn Nhất international airport that would result in much lower costs than one proposed by the French consultancy ADPi.

Prime Minister Nguyễn Xuân Phúc expressed his hope that Vingroup will contribute to the development of the domestic automobile sector with the establishment of its VinFast automobile and electric motorbike manufacturing complex.

Several banks are keen to establish consumer finance arms to grab a bigger share of a market that is expected to reach VNĐ1,000 trillion (US$4.38 billion) by 2020 and grow at 29 per cent annually.

Experts’ opinions on the Ministry of Finance's (MoF) tax adjustment draft proved to be mixed, while the business community struggles to keep up with the variety of newly proposed tax hikes.

Korean supermarket chain Lotte Mart has bought more than 10 tonnes of pumpkins and five tonnes of watermelons from distressed farmers facing declining prices because of a bumper crop in Đắk Lắk and Quảng Nam provinces.

Việt Nam’s tea export dropped in both volume and value in the first four months of 2018 despite a price hike.

The appreciation in land prices seen in HCM City in recent years is spreading to its adjoining provinces, according to traders and agents.

Việt Nam’s output and export of pepper increased sharply last year, but their prices and thus turnover from exports fell, according to the industry association.

From June 4-13, the Hà Nội Promotion Centre on Trade, Investment and Tourism, relevant agencies and 25 firms will introduce Vietnamese handicraft and fine art articles, agricultural products, food and Hà Nội’s tourist attractions at Aeon Lake Town in Saitama prefecture and 40 other Aeon stores across Japan.

Younger generations are spending a greater proportion of their lives online, but they are not the only ones: People aged over 55 are also becoming more digital.

Nearly 150 organisations, including State agencies, banks and enterprises, participated in a cyber security drill on Wednesday and Thursday, recorded as the largest ever in Việt Nam.

Vietnamese shares rebounded on Friday as investors started hunting for stocks that had declined recently to more attractive price levels.

Using unregistered point-of-sale (POS) machines to transfer payment may result in tax losses for the local authorities, according to specialists.

Eight teams from six universities nationwide will compete in the final round of the self-driving vehicle contest — Digital Race 2017 – 2018 next Thursday in Hà Nội.