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Việt Nam’s trade surplus reaches nearly $14 billion in first eight months

Domestic cement consumption up, export rises sharply

The country’s cement consumption in the first four months of the year posted a year-on-year increase of 13 per cent to reach 29.83 million tonnes.

Nam Đình Vũ deep-water port begins operations

Singapore’s Gemadept and Sao Đỏ Group put Nam Đình Vũ Port’s first stage into operation in Nam Đình Vũ Industrial Park on May 7.

SCIC to sell stakes in 121 firms in bid to make after-tax profit

State Capital Investment Corporation (SCIC) said it would offload capital in 121 businesses in 2018.

Habeco beer budget spills over

The State Audit of Việt Nam (SAV) has proposed the Hà Nội Beer Alcohol and Beverage JSC (Habeco) pay the State budget VNĐ1.85 trillion (US$81 million) in tax liabilities.

Tight credit cools City real estate

With banks tightening credit to the property sector the HCM City market is cooling off, traders said.

Skepticism remains despite recovery

Vietnamese shares soared yesterday as strong buying boosted almost all local stocks following the market’s recent decline.

Brands from past make comeback

Many well-known consumer brands of the past are making a comeback in Việt Nam indicating a new-found confidence on the part of local companies to take on multinational rivals.

Delta improves PCI ranking

The Cửu Long (Mekong) Delta region have improved their rankings in the Provincial Competitiveness Index (PCI), the head of Việt Nam Chamber of Commerce and Industry (VCCI)’s legal department has said.

VN needs better logistics, experts say

Việt Nam needs to simplify its visa applications and procedures for foreign companies to enter the country so the logistics industry can attract more foreign business partners, representatives of logistics companies have said.

VN exporters must self-verify origin from 2019

Conference on sustainable development of cashew sector

The cashew sector needs to restructure to achieve sustainable development, the Ministry of Agriculture and Rural Development has said.

VN to supply rice to the Philippines

Việt Nam has won a bid to supply 130,000 tonnes of rice to the Philippines after the National Food Authority (NFA)’s auction on importing 250,000 tonnes.

Zero cases of illegal fishing since 2018 beginning

No Vietnamese fishing boats have indulged in illegal fishing since the beginning of 2018.

MARD issues regulations on ’VIETNAM RICE’ national brand

The Ministry of Agriculture and Rural Development (MARD) has issued regulations on the use of national brand GẠO VIỆT NAM or VIETNAM RICE.

Hà Nội promotes auctions of land use rights

Hà Nội plans to promote auctions of land use rights from now until 2020 to make effective use of land funds and meet the increasing demand of businesses and people.

VN’s foreign reserves reach record high of US$63b

State Bank of Việt Nam (SBV) has continuously bought in hard currencies in the past few months, raising the country’s foreign reserves to a record high of US$63 billion.

Vietnamese enterprises in Japan seek to strengthen linkages

The Vietnamese Business Association in Japan convened its congress for the second tenure (2018-20) on May 6, seeking ways to better connect Vietnamese businesses.

Draft law lifts banks’ role in e-commerce

Payments for e-commerce transactions must be made via banks or authorised payment intermediary services, according to the draft of the amended Law on Tax Management.

Franchising takes Vietnamese brands to the world

The Ministry of Industry and Trade confirms this saying more than 160 franchises have come to Việt Nam so far. But the movement in the reverse direction has been very modest.

MoF floats securities streamlining

The Ministry of Finance (MoF) has proposed slashing 38 business conditions and simplifying 40 administrative procedures in the securities sector in its law review this year.