Việt Nam News

The 2017 Asia-Pacific Economic Co-operation (APEC) Summit is a crucial opportunity for businesses throughout central Việt Nam to seek trade partners and export markets as representatives of foreign firms flock to the business forums at APEC from November 5-11, Đà Nẵng business people and officials say.

Việt Nam’s retail sector is forecast to be stable in the coming years, attracting investment from many foreign enterprises thank to its large population, brighter economic outlook and greater purchasing power.

The central Đà Nẵng city’s Investment and Development Fund has agreed to provide a US$7.9 million loan to the Đà Nẵng Port joint-stock company to upgrade and expand Tiên Sa Port.

Shares declined on the HCM Stock Exchange on Tuesday as large-cap stocks were hit by profit-taking after the market advanced for two consecutive sessions.

Investment management funds have been active in trading on the HCM Stock Exchange recently, focusing on mid-cap stocks.

Though Việt Nam has become increasingly linked to global trade networks, local small-and-medium-sized enterprises (SMEs) struggle to integrate globally, said Phạm Thị Thu Hằng, general secretary of the Việt Nam Chamber of Commerce and Industry (VCCI), at the workshop “Supporting international trade for SMEs” in Hà Nội on Tuesday.

Moody's Investors Service on Tuesday upgraded its outlook for Việt Nam's banking system to positive for the next 12-18 months from stable, reflecting the country's strong economic prospects and the positive outlook for most rated banks.

The Canada Border Services Agency (CBSA) has announced that it is launching an investigation into certain copper pipe fittings originating in or exported from Việt Nam.

The 26th Việt Nam International Jewelry Fair 2017 (VIJF)—the largest gem and jewelry show in the country—will be held from November 8 to 12 in HCM City.

The sale of sugar was facing difficulties since the beginning of October, causing problems for sugar producers in recent days, according to the Sugar and Sugarcane Association.

Ninh Thuận Province’s Department of Science and Technology on Tuesday announced a plan to attach geographical information on Ninh Thuận lamb.

The National Assembly (NA) on Tuesday started a two-and-a-half day discussion about the socio-economic development and budget estimates for 2018.

Khaisilk, once regarded as Việt Nam’s hi-end silk brand, is facing a series of investigations following a "Made-in-China" scandal.

The Commercial and Industrial Fair 2017 of the Red River Delta, which began on Monday, saw the participation of over 300 booths displaying industrial products. 

The new firms have total registered capital of over VNĐ1 quadrillion (US$44 billion), up 43.8 per cent from the same time last year, statistics from the Ministry of Planning and Investment revealed.

The cashew industry has achieved impressive growth in the past years with increasing exports, but unfavourable weather due to the impact of climate change and an increase of diseases and pests threaten its continued development, delegates told a seminar in HCM City last Saturday.

The Ministry of Natural Resources and Environment (MoNRE) has proposed the Government to shift one conditional business line, eliminate 36 business investment conditions and amend 15 conditions required for individuals in enterprises, accounting for 44.78 per cent of business conditions under the management of this ministry.

Việt Nam witnessed a trade surplus of $1.23 billion so far this year, according to a report from the General Department of Customs.