VN logistics tangled up in red tape: CIEM

Red tape must be removed for domestic logistics firms to develop and compete in a market which had great potential, driven by a boom in international trade, but was now dominated by foreign rivals, attendees were told at a conference held by the Central Institute for Economic Management (CIEM) on Monday.

Vinasun suit against Grab delayed again

The HCM City People’s Economic Court has once again adjourned the suit filed by taxi operator Vinasun against ride-hailing service Grab, which accuses it of unfair business practices and demands compensation.

 

Experts encouraged by exports

Experts judged that the national export goal and trade deficit rate next year set by the Government was feasible.

VN-Index loses for 8th straight day

After bargain hunting failed to lift the stock market last week, investors turned cautious on Monday and pushed Việt Nam’s benchmark VN-Index lower for the eighth straight session.

Banks race to fund green energy projects

Commercial banks are rushing to provide loans for green energy projects amid a wave of investment in the growing industry, dubbed a landmark for the country’s renewable energy outlook.

Vietnamese firms display fashion products at Hong Kong fair

Thirty-five leading manufacturers of handicrafts, garments, textiles, and fashion accessories and garment-related industries in Việt Nam are displaying their products at an international fair in Hong Kong that opened on Saturday. 

Tight monetary policy won't have big impact

The State Bank of Việt Nam has shown it is determined to continue with a tight monetary policy for the rest of the year with its decision to refuse to increase bank’s credit limits to constrain inflation and strictly control lending to high-risk sectors.   

Khánh Hòa seizes its seas for growth

The central coastal province of Khánh Hòa has seen considerable development in recent times, which is partly attributable to its three sea bays – Nha Trang, Cam Ranh and Vân Phong.

TTC Sugar inks deal with UK firm

TTC Attapeu Sugar Cane Sole Co., Ltd, a subsidiary of Thành Thành Công Biên Hòa JSC (TTC Sugar), will export its sugar to the European market following an agreements with the UK’s ED&F Man Sugar.

Local shares unlikely to rebound this week

The VN-Index has little chance of recovery this week as short- and medium-term indicators are poor, with low liquidity and strong market fluctuations, triggered by investors’ cautiousness about macroeconomic instability.

State’s divestment plan set for failure

As the stock market is experiencing strong volatility and shows little signs of strong recovery, the State may struggle to sell its stake in State-owned enterprises (SOEs) on schedule.

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