Việt Nam News

A customs bond model for speeding up clearance of goods is required to deal with Việt Nam’s complicated administrative procedures and boost its competitiveness, experts told a conference on trade facilitation in HCM City September 6.

The event features 1,500 booths with new products and advanced technologies in real estate, construction and construction materials.

Việt Nam’s Imex Pan Pacific Group (IPPG) will open its apple reseller store in HCM City on September 10, according to the news website cafef.vn.

The Association of Vietnamese Entrepreneurs Abroad (BAOOV) and the People’s Committee of Cần Thơ City will jointly speed up the establishment of BAOOV’s representative office in the Mekong Delta region’s Cần Thơ City.

The Vietnamese banking system could face a capital shortfall of almost US$20 billion – equal to 9 per cent of the country’s GDP – to meet the requirements of Basel II, scheduled for implementation on January 1, 2020, and to increase allowance coverage to a level that reflects underlying asset-quality problems, Fitch Ratings said in a report released on Wednesday.

Việt Nam’s benchmark VN Index fell for a fourth straight session, dragged down by large-cap stocks amid investors’ worries over the market short term prospects and international trade news.

Qatar Airways will launch direct flights to Đà Nẵng, starting on December 19 as the third Vietnamese destination on the award-winning airline’s rapidly expanding global network.

Vietjet is participating in the 14th International Travel Expo HCM City (ITE HCMC) being held from between Thursday and Saturday at the Sài Gòn Exhibition and Convention Centre.

Auto company VinFast on Thursday released pictures of its first two cars, a sedan and an SUV, to be displayed at this year’s Paris Motor Show.

Dubai-based carrier, Emirates, and Jetstar Pacific on Wednesday announced a new codeshare agreement, expanding their existing partnership.

Peer to peer, or P2P, lending has been developing rapidly around the world in recent years with the establishment of many online lending companies, experts have said.

After keeping deposit interest rates unchanged for many months, three State-owned banks with the largest share of deposits have begun to follow in the footsteps of their private competitors and hiked rates recently.

Tân Long Group yesterday signed strategic partnership agreement with six leading Danish companies, which are well-known for turn- key solutions in agriculture.

Viet Nam’s benchmark VN-Index extended losses on Thursday morning as weak market sentiment continued to weigh down the market movement.

Việt Nam’s footwear exports have been worth US$9.45 billion in the first half of this year, a year-on-year increase of 8.4 per cent.

Việt Nam’s mechanical engineering industry is lagging far behind the world that requires both the Government and business to renovate to keep track of the fast-moving technological revolution.

The banking sector needs more solutions providing bigger fund for the agriculture and the rural area for sustainable development in the future, according to experts.

Việt Nam has the potential to boost its exports of star anise and cinnamon, but needs supportive policies from the Government, the Lạng Sơn Star Anise Association has said.