PM asks for removal of unnecessary procedures

Prime Minister Nguyễn Xuân Phúc stressed the need to shift from pre-inspection to post-inspection, issue regulations and standards on evaluation of transparency, and reduce unnecessary conditions for enhancing production.

Việt Nam stocks back down

Vietnamese shares narrowed down a sharp decline on Tuesday as investment switched to mid-cap and small-cap stocks while large-cap firms were seen to move downward due to rising profit-taking pressure.

Total assets of credit institutions reaches nearly $448 billion

The total assets held by Việt Nam’s credit institutions reached more than VNĐ10.3 quadrillion (US$447.8 billion) by the end of May, an increase of 3.27 per cent over the beginning of this year, the latest report from the State Bank of Việt Nam (SBV) showed.

Pharmaceutical company’s profit up 6 per cent

Hậu Giang Pharmaceutical Joint Stock Company, one of the leading companies in the pharmaceutical cosmetics industry, recorded profit of VNĐ190 billion (US$4.3 million) in the second quarter of this year, up 6 per cent on-year.

Guaranteed bonds raise VNĐ150 billion

The Việt Nam Bank for Social Policies (VBSP) raised VNĐ150 billion (US$6.5 million) at the latest auction of Government-guaranteed bonds on the Hà Nội Stock Exchange (HNX) held on Monday. 

Bright outlook for Việt Nam - Czech Republic trade

The outlook looks bright for two-way trade between Việt Nam and the Czech Republic, as the two countries’ import-export turnover in the first five months of this year reached nearly US$464.5 million, up 15.6 per cent from the same period last year. 

HDBank opens branch in Thái Nguyên Province

HDBank, one of Việt Nam’s largest joint stock commercial banks, set up its first branch in Thái Nguyên Province on July 20, providing financial services such as loans, money transfers, and saving accounts, as well as highly-paid job opportunities for locals.

Cigarette smuggling persists

Cigarette smuggling has caused a loss of thousands of billions of Vietnamese đồng each year for the state, according to figures released by the Việt Nam Tobacco Association at a symposium held yesterday in Cần Thơ.

Motorbike market to heat up in coming years

Việt Nam’s motorcycle market has been rapidly growing in recent years, bucking expectations that it would enter a saturation stage, as consumption shifts from semi-automatic motorbikes to scooters and from widely popular scooters to luxury vehicles.

VN currency suffers from US-China trade war

The Government will have to decide either to devalue the Vietnamese đồng further against the US dollar to support exports and avoid cheaper Chinese goods to flood in the local market, or keep the dollar/đồng exchange rate stable to avoid increased public debt and control inflation as the US-China trade war accelerates.

Thermal power plant to install solar panels

Thủ Đức Thermal Power Plant, in co-operation with Bách Khoa Investment and Development of Solar Power Corporation (SolarBK Holdings),  has developed a rooftop solar system to supply 53,000 kilowatt hours of renewable energy per year.

ASEAN-Japan business talks in HCMC

The 11th Dialogue between the Federation of Japanese Chambers of Commerce and Industry in ASEAN (FJCCIA) and the Secretary General of ASEAN Dato Lim Jock Hoi was held in HCM City in cooperation with Japan External Trade Organisation (JETRO) yesterday.

Con Cưng product retailer inspected for fraud

The Ministry of Industry and Commerce’s HCM City Market Surveillance Agency on July 22 (Sunday) inspected three Con Cưng (Baby) Ltd, Co. stores, a retailer that sells baby products in HCM City, for possible fraud.

 

Petrol prices stable, oil prices decrease slightly

The price of bio-fuel E5 was kept unchanged while diesel 0.05S and kerosene increased slightly by VNĐ213 and VNĐ69 per litre, respectively, in the latest regular adjustment of petrol and oil prices as of 3pm on Monday.

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