Việt Nam News

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.

Prime Minister Nguyễn Xuân Phúc asked the Ministry of Finance to hasten administrative reforms and improve transparency to create favourable conditions for business development.

PV Power has set targets for total revenue of VNĐ32.77 trillion (US$1.4 billion) and pre-tax profit of more than VNĐ2.5 trillion ($107.3 million) for 2019. Its profit after tax is projected to reach VNĐ2.28 trillion, but this year’s targets are lower than the company’s achievements in 2018.

The Nghi Sơn Economic Zone in the central province of Thanh Hóa will be expanded to 106,000 ha, ten times larger than its initial planned size, in order to meet business demand and turn the area into a driving force for the socio-economic development of the province and the north-central region.

The Ministry of Industry and Trade (MoIT) will conduct annual inspections on a number of State and private businesses in different sectors, including those involved in petroleum, telecommunications, pharmaceuticals and multi-level marketing.

The central province of Quảng Ngãi officially presented investment registration certificates to four foreign companies at the Việt Nam-Singapore Industrial Park (VSIP)-Quảng Ngãi, with total investment of US$321 million, yesterday.

Minister of Industry and Trade Trần Tuấn Anh speaks to Vietnam News Agency about achievements in 2018 and challenges for the industry and trade sector this year.

On Wednesday, four State-owned banks said they would cut interest rates on dong loans in the Government’s priority sectors to support firms in 2019, starting from Thursday.

Prime Minister Nguyễn Xuân Phúc on Wednesday told the State Bank of Việt Nam (SBV) to take measures to ensure macro-economic stability, inflation control and growth in 2019.

Vulcan Augmetics, a start-up that produces modular, affordable prosthetics for everyone, has been named winner of the first Việt Nam Blue Venture Award.