Việt Nam News

Việt Nam’s benchmark VN-Index was unable to maintain its uptrend yesterday as selling pressure continued to hit large-cap stocks.

Food safety is one of the biggest concerns in Việt Nam. A Việt Nam News reporter Vu Hoa talks with experts in the sector about potential and challenges for the organic sector in Việt Nam.

The Việt Nam-Korea Free Trade Agreement (VKFTA), which took effect on December 20, 2015, has played an important role in attracting investments from the South Korea to Việt Nam and helping the Southeast Asian nation integrate deeper into the regional economy.

Vietnamese Prime Minister has assigned the Ministry of Planning and Investment (MPI) to coordinate with the Ministry of Finance and relevant agencies to direct the People’s Committee of Hà Nội to increase funds for the metro line No 2 project, ensuring that they follow regulations.

Vietnam Airlines will operate a new route between Hà Nội and Đồng Hới in central Quảng Bình Province from June 1 to August 31 to meet the increasing demand this summer.

Innovative solutions to develop local and foreign markets for Vietnamese safe farm produce and foods and commercialising Việt Nam’s regional specialities based on geographical indications are among the topics to be discussed at a seminar in Hà Nội on May 10.

The US delegation will investigate the production process of tra fish from May 14-25, according to the Ministry of Agriculture and Rural Development.

Japanese Kyoei Steel Company has announced its registration to purchase 33.2 million additional shares or 45 per cent stake of Việt Nam-Italy Steel JSC (VIS).

The Hà Nội Stock Exchange (HNX) will hold three auctions in May to sell shares of Sài Gòn Postel Corp, Việt Nam Apatite Phosphorus Joint Stock Company and Việt Nam Aviation Corporation.

The total value of transactions via the automatic teller machines (ATMs) and points of sale (POS) last year surged sharply by 34 per cent against the previous year.

Local companies should add more value to their products before selling them to foreign distribution channels. They should not focus too much on cheap prices or low labour cost that does not generate real value for the products. 

The Vietnamese Government always welcomes and commits to creating conditions for foreign businesses, including those from China’s Chongqing city, to land investment in high-tech projects in the country, said Vietnamese Ambassador to China Đặng Minh Khôi.

Vietnamese air freight costs are much higher than the regional average and this is believed to be the main reason for Việt Nam’s low fruit exports.

Tiền Giang Province aims to incorporate another 730 businesses this year, 9.3 per cent higher than last year, by creating a better investment environment.

A Việt Nam-Middle East Trade Forum to be held in HCM City on May 11 is expected to help boost trade between the two sides.

Balancing sustainability with economic development is no longer an issue for industralised, wealthy countries alone, but is a critical concern for all economies, said Nguyễn Quang Vinh, General Secretary of the Việt Nam Chamber of Commerce and Industry (VCCI).

The banking industry is drastically restructuring credit institutions (CIs) in combination with bad debt settlement to ensure their safe, healthy and sustained growth.

Despite having increased at a relatively fast pace in recent years, Việt Nam’s labour productivity remained in the lowest group in East Asia with scores in backbone sectors of the economy even falling behind Cambodia, a report found on Tuesday.