Việt Nam News

Việt Nam maintained its lead in the ASEAN Manufacturing Purchasing Managers’ Index (PMI) rankings, registering another solid improvement in its goods-producing sector in July, the latest survey from Nikkei’s IHS Markit revealed on Wednesday.

With mandatory compliance for shrimp and abalone under the US Seafood Import Monitoring Programme (SIMP) coming into effect in a few more months, Vietnamese processors and exporters of the products need to start preparing data sources now, a US expert has said.

Việt Nam’s benchmark VN-Index fell after a four-day rally, dragged down by financial-banking, retail and agricultural stocks.

Sacombank has begun installing a Credit Risk Model, which will help measure the risk of business portfolios for formulating business strategies, managing credit portfolios and portfolio limits, and classifying assets based on risk levels.

Housing developer Novaland Group has reported revenues of nearly VNĐ4.3 trillion ($188.5 million) in the first half of this year, a 29 per cent increase year-on-year.

The Asian region accounted for 44 per cent of global ransomware threats in the first few months of this year, of which Việt Nam accounted for 8 per cent, according to Trend Micro, a cyber security solutions company.

The speed of red tape cutbacks for business conditions remains limited in spite of great efforts made by the Government and relevant ministries and sectors, experts said at a conference held by the Vietnam Chamber of Commerce and Industry (VCCI) in Hà Nội on July 31.

Việt Nam National Oil and Gas Group (PVN) on Tuesday signed a number of trade agreements on exploiting the Sao Vàng - Đại Nguyệt project.

Automobile manufacturer Isuzu Vietnam Co Ltd and the environmental equipment provider Hiệp Hòa Group on Tuesday signed a strategic partnership agreement on the development of special-use vehicles in Việt Nam.

Argentina is the second largest trade partner of Việt Nam in Latin America and Việt Nam is the fifth largest import market for Argentina globally, experts said at a Việt Nam - Argentina business forum in Hà Nội on Tuesday.

Businesses in the Cửu Long (Mekong Delta) city of Cần Thơ are facing challenges providing clean agricultural products that conform to international standards, experts said on July 31 at a seminar held in the city.

Hà Nội Beer-Alcohol-Beverage Joint Stock Corporation (Habeco) will launch the new identity for Trúc Bạch Beer as part of its brand strategy to renew the look of its products.

The automobile market is expected to change dramatically from now to the end of this year as the production of cars in Việt Nam starts to recover.

The Cửu Long (Mekong) Delta province of Tiền Giang plans to solicit investment of VNĐ16.4 trillion (US$713 million) in 19 projects at conference in its capital, Mỹ Tho, on August 9.

Việt Nam has become an attractive destination for many foreign investors largely due to the country’s friendly policies encouraging FDI, its political stability and strong economy, the latest report of US-based Jones Lang LaSalle (JLL) said.

South Korea insurer Hanwha Life Vietnam plans to expand its distribution system to offer its services to more customers.

The Ministry of Industry and Commerce’s Market Surveillance Agency (MSA) plans to further investigate Con Cưng company’s compliance with regulations on clear origin, product quality, origin stamps, consumer protection, and commercial activities, according to MSA’s deputy head Trần Hùng.

 The Ministry of National Defence has appointed Major General Lê Đăng Dũng as the general director cum standing chairman of Viettel Military Industry and Telecoms Group, starting July 31^st.