Việt Nam News

Lotte Duty Free, the South Korean travel retail company, on Monday announced it will open its second duty-free shop at Cam Ranh International Airport next year. 

The huge advantages and attendant perils of greater internet connectivity were highlighted by officials and experts at a forum held yesterday in Hà Nội.

The business community wants the general departments of Taxation and Customs to carefully consider reforms on tax and customs procedures, so as to create the most favourable business conditions for enterprises.

The northernmost mountainous province of Hà Giang attracted VNĐ16.1 trillion (US$706 million) worth of investment into 26 projects at a promotion conference on Monday.

Việt Nam and Slovakia need to hold more trade exchanges, increase multi-channel information dissemination and encourage businesses to establish representative offices in each country, according to participants of the Việt Nam-Slovakia enterprises’ forum.

Việt Nam and Myanmar will be the growth outperformers among ASEAN countries in the coming years, Fitch has forecast.

Việt Nam has embarked on the process of liberalising the power sector, in the hopes of easing electricity shortages, attracting more investment and boosting economic growth.

Provinces in the Đồng Tháp Mười (Plain of Reeds) region should embrace agricultural technology and modern techniques to reduce costs and improve efficiency, according to the Cửu Long (Mekong) Delta Development Research Institute.

Shares extended gains on both local markets yesterday as investments continued to pour into large-cap stocks despite warnings of a short-term correction from analysts and brokerage firms.

Việt Nam National Petroleum Group (Petrolimex) will begin selling diesel under Euro 5 standard, the highest quality of the product in Việt Nam, from the beginning of 2018.

Việt Nam’s stock market has something to cheer about, as the VN-Index was named among the top three fastest growing markets in the world.

The value of foreign direct investment (FDI) capital in Việt Nam reached US$33.09 billion in the first 11 months of this year, a year-on-year increase of 82.8 per cent.

The Vietnamese Government is set to rein in the role of the State in the economy and encourage private sector-led growth.

The Government will spend over VNĐ30 trillion (US$1.3 billion) in tourism infrastructure development in the 2016-20 period, according a target programme approved recently.

In November 2017, nearly 11,000 enterprises were established with a registered capital of VNĐ109.9 trillion (US$4.8 billion), according to the Ministry of Planning and Investment.

Fifteen Vietnamese banks have recently been named in The Asian Bankers’ AB500 ranking and survey of Asia Pacific’s strongest banks.

The State Bank of Việt Nam (SBV) has released a list of 42 commercial banks, which are eligible to provide guarantees for future home purchases, according to Circular 13/2017.

Investors were very excited after the benchmark VN-Index hit an almost decade-high last week and forecasts predict it will head to 1,000 points this year. However, analysts have warned of a likely correction this week after a long rally before the market goes further.