City promotes trade with South Korea’s Daegu city

Việt Nam plans to eliminate tariffs on raw materials and spare parts and lower tariffs on small appliances and cosmetics imported from South Korea, according to Lê Thanh Liêm, vice chairman of the city People’s Committee.

VN stocks extend gains as State unloads

Shares advanced further on both local exchanges as investors eagerly anticipated some companies’ sale of more shares to reduce the State’s capital holdings, and by the impacts of the APEC event last week.

MoIT investigates imported fertiliser

The Ministry of Industry and Trade (MoIT) has issued Decision No. 4236 / QĐ-BCT to extend the deadline for investigating cases of applying safeguard measures for DAP and MAP fertilisers imported into Việt Nam before issuing the final report.

HCMC signs safe food agreement

To find a safe food supply source for the city, Food Safety Management Board of HCM City and Saigon Co.op, in collaboration  with the Department of Agriculture and Rural Development of Bình Thuận Province, carried out a fact finding trip to the province and signed agreements to produce and buy agricultural and aquatic products meeting food safety standards.

NA deputies raise concerns over Long Thành airport funding

NA deputies met on Monday to discuss the feasibility of land clearance and resettlement to build the Long Thành International Airport mega project in southern Đồng Nai Province. They expressed concerns about the capital sources proposed to implement the project.

VN won’t tolerate IUU fishing: MARD

Việt Nam will never tolerate or permit activities related to illegal, unreported and unregulated (IUU) fishing, Deputy Minister of Agriculture and Rural Development (MARD) Vũ Văn Tám said on Saturday.

New regulations on use of credit cards

Credit card holders will not be allowed to withdraw cash worth more than VNĐ5 million for domestic transactions and no more than VNĐ30 million for foreign currency.

NA passes 2018 budget estimates

The National Assembly (NA) at a meeting on Monday morning passed a resolution on 2018 budget estimates with 86.56 per cent of approval votes.

Concern over Vinawaco capital loss

Three years after an initial public offering (IPO), Việt Nam Waterway Construction Joint Stock Corporation (Vinawaco) has not transferred the State’s capital from the transport ministry to the State Capital Investment Corporation (SCIC).

Bank cross-ownership, a tough problem to crack?

Vietcombank recently said it has received permission from the State Securities Commission to sell its stakes in the HCM City-based Saigon Bank for Industry and Trade (Saigonbank) and Việt Nam Cement Finance Company.

A bubble unlikely to burst soon

For the past two years, Việt Nam has witnessed the revival of bubble tea with heavier investment, showier display and harder hitting promotion. And like many other forms of business, when an industry is up and coming, supporting services and products will also be on the rise to catch the money making wave.

VN-Index expected to hit 870 points this week

The benchmark VN-Index is heading to the 870-point landmark this week with the support of large-cap stocks experts have predicted, but cautioned a likely correction after a long rally.

Government bond market experiences sluggish sales

A sluggish period seems in store for the Government bond market. This follows the second November auction session at which the Vietnam State Treasury (VST) acknowledged only VNĐ140 billion (US$6.2 million) from bond sales out of a total VNĐ2 trillion ($89 million) on offer.

Việt Nam, US sign $12b in trade deals

President Trần Đại Quang and President Donald Trump witnessed the signing of co-operation agreements worth a total of US$12 billion, mostly in aviation, petroleum and seaports between Việt Nam and the US after their talks in Hà Nội on Sunday.

Đà Nẵng Declaration stresses multilateral trade, inclusive growth

The APEC 2017 Economic Leaders’ Meeting ended on Saturday with leaders of 21 member economies adopting the Đà Nẵng Declaration that reiterated their commitment to multilateral trade that fosters inclusive growth and reaffirmed their confidence in the forum’s ability to tackle future challenges together.

2017 APEC Ministerial Meeting Joint Ministerial Statement

Under the theme “Creating new dynamism, fostering a shared future”, APEC members are committed to strengthening co-operation and taking joint actions to foster regional economic linkages and growth for a dynamic, inter-connected and prosperous APEC community and promote an Asia-Pacific partnership for inclusive and sustainable development, said a joint statement issued by the 29th APEC Ministerial Meeting.

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