Việt Nam News

Property developer FLC Group said it will inject US$1.5 billion into agricultural development across 15,000 hectares of land in Việt Nam during 2018 and 2019.

PV GAS and Alaska Gasline Development Corporation (AGDC) signed a Letter of Intent (LOI) to provide PV Gas with liquefied natural gas (LNG) from the Alaska LNG project.

Việt Nam’s Ministry of Industry and Trade (MoIT) has decided to maintain safeguard measures for steel billets and steel bars imported from a number of countries and territories including China, the US, Canada, Germany, France, Japan and the Republic of Korea.

Ascendas-Singbridge Group and its joint venture partner Saigon Bund Capital Partners yesterday (November 1) handed over the first office tower at the OneHub Saigon in District 9 to its first tenants, IKEA Purchasing & Logistics Southeast Asia and AAH Corporation.

The 10^th annual Việt Nam International Retail Tech and Franchise Show opened yesterday in HCM City, showcasing 150 franchise models and 50 brands that provide technologies and equipment for the retail sector.

Vingroup has injected more than VNĐ13.6 trillion (US$581.32 million) into its VinFast automobile project in the first nine months of this year, marking an increase of over VNĐ12.9 trillion compared with the beginning of last year.

Vietnamese enterprises, especially small- and medium-sized ones, should develop their brands to increase their competitiveness amid the process of integration, a seminar heard in HCM City yesterday.

Many local enterprises are concerned with paying higher corporate income tax according to regulations on the deductibility of loan interest under Decree 20, in effect since May 1, 2017.

The domestic sector posted a trade deficit of $20.7 billion in the period while the foreign-invested sector enjoyed a trade surplus of $27.1 billion, the General Statistics Office said in a monthly report.

Third-quarter earnings reports from large-cap companies have signalled the earnings season is near its end, pushing investors back to a defensive zone and again putting pressure on the stock market with low confidence.

The people’s purchasing power soared 9.31 per cent in the first 10 months of this year according to the General Statistics Office (GSO).

Việt Nam’s manufacturing Purchasing Managers’ Index (PMI) climbed from a 10-month low of 51.5 in September to 53.9 in October, pointing to the strongest improvement in the health of the country’s manufacturing industry since July, IHS Market’s Nikkei reports released on Thursday showed.

The US Federal Reserve Board announced on its website early this week that it had approved the application by Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) to establish an office in New York City.

Wholesaler Mega Market Vietnam (MM) on Wednesday launched its first fruit depot in Bến Tre Province to supply quality fruits and vegetables for both export and local markets.

Experts said Việt Nam needs to build up the National Innovation Centre to create a technological start-up ecosystem and upgrade the national innovation system.

The plastics industry with more than 2,000 firms has grown strongly in recent decades, with exports and domestic sales increasing year after year.

 The Vietnamese economy is walking a careful tightrope amid rapid developments around the world, especially the spiraling US-China trade war and the US Federal Reserve’s rate hikes, which are weighing on exchange rates and Việt Nam’s trade balance.

The signing of the Forest Law Enforcement Governance and Trade Voluntary Partnership Agreement (FLEGT-VPA) between Việt Nam and the European Union is expected to have a positive impact on the country’s economy and environment.