Việt Nam News

The capital city of Hà Nội has launched a development plan for support industries in Hà Nội during the period 2017-20, and continuing to 2025, to promote development of enterprises within the industry.

More than half of mobile phone transactions whose prices are over VNĐ10 million (US$439) are purchased on installment payments, according to statistics of Mobile World Group, FPT Shop and CellphoneS.

The 16 nations involved in negotiating a free trade bloc in East Asia including China and India have now agreed to push to conclude an agreement in 2018, having missed deadlines for three years.

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).

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.

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.

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.

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.

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.

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.

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.

Leaders of APEC are determined to take bolder and sustained collective actions to inject new dynamism into APEC cooperation to promote sustainable, innovative and inclusive growth, deepen regional economic integration, realize the full potential of the business sector, particularly micro, small and medium-sized enterprises (MSMEs), and enhance food security and sustainable agriculture

Ministers of the 11 original signatories to the Trans-Pacific Partnership (TPP) have agreed on “core elements” of a new trade pact to be implemented without the United States.

President Trần Đại Quang has called for APEC member economies to bolster their leadership to find new drivers for growth, trade, investment, connectivity and ensure that benefits from globalisation and economic integration are equally distributed.

The Hà Nội People’s Committee has approved the urban design project in areas along Belt Road No 3. Accordingly, buildings in these areas could rise up to 50 storeys.

HCM City People’s Committee has asked relevant departments to tackle problems in granting house ownership certificates to overseas Vietnamese to encourage their investment into the real estate market.

Fifty one South Korean firms in sectors like manufacturing, travel, construction, water treatment, marine transport, POS software and hardware, trading, garment and textile and others are taking part in a Korea-Việt Nam job fair that opened on Friday in HCM City.

A bilateral trade agreement would significantly boost trade, investment and tourism between Chinese Taipei and Viet Nam, a senior official said yesterday.