HCM City economy remains on track: meeting

Foreign and domestic investment in HCM City has significantly increased and industrial production remains robust, a meeting to review the city’s socio-economic development in the first 10 months of this year heard.

SCIC under divestment pressure in Q4

The State Capital Investment Corporation (SCIC) is under pressure to complete its divestment scheme towards the end of this year with many large companies still in its portfolio.

VN stocks rise further on energy

Shares ended on a positive note for a second day on the HCM Stock Exchange on Monday as energy firms and some construction companies continued to perform well.

Agribank, VAMC sign contract to resolve bad debts

The Bank for Agriculture and Rural Development of Vietnam (Agribank) and the Việt Nam Asset Management Company (VAMC) late last week signed a co-operation agreement to resolve non-performing loans.

SBV says bitcoin prohibited in Việt Nam

According to the State Bank of Vietnam (SBV), the issuance, supplement and use of bitcoin and other similar virtual currencies for legal payment is prohibited in Việt Nam.

Phú Quốc moves towards smart city status

The first phase of a project to build a digital network infrastructure that will help Phú Quốc Island become a smart city has been completed, the Việt Nam Post and Telecommunications Corporation (VNPT) has announced.

Hoa Sen opens largest plant in central region

Hoa Sen Group commenced the second phase of Hoa Sen Nhơn Hội Factory, located in Nhơn Hội Economic Zone in the central province of Bình Định’s Quy Nhơn City on Sunday.

Conference aims to strengthen women’s role in digital economy

A conference on “Businesswomen in the digital economy” held in Hà Nội on Friday highlighted the need for women-owned businesses to take advantage of opportunities created by the advancement of digital technology, e-commerce, and online marketing amidst the 4th industrial revolution.

Ten-month FDI grows 37% to $28 billion

Some US$28.24 billion in foreign direct investment (FDI) was poured into Việt Nam between January and October, representing a year-on-year increase of 37.4 per cent.

VN-Argentina trade up 15% year-on-year: ministers

Việt Nam is one of the most important economic partners of Argentina, Vice President of Argentina Gabriela Michetti told Việt Nam’s Deputy Minister of Industry and Trade Đỗ Thắng Hải at a meeting in Buenos Aires on October 27.

Some headway seen in bad debt management

Recently Sài Gòn Thương Tín Joint Stock Commercial Bank (Sacombank) sold VNĐ2.58 trillion worth of non-performing loans to the Việt Nam Asset Management Company.

VN to host APEC Summit as nat’l festival days

President Trần Đại Quang urged the central city, ministries and relevant agencies hosting the 2017 Asia-Pacific Economic Co-operation (APEC) Summit to think of APEC’s Economic Leaders’ Week on November 5-11 as national festival days.

City eyes large tax on second homes

The HCM City People’s Committee has proposed that the Ministry of Construction apply a high tax on second and subsequent homes, as well as when there are a high number of real estate transactions within a year.

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