Cashew industry faces volatile weather, pests

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.

MoNRE looks to cut business conditions

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.

Local telecom market saturated

Việt Nam’s telecommunications market has reached a saturation point and will find it hard to attract new subscribers. This could result in increasingly fierce competition among telecom providers for their revenue and market share.

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.

SoEs struggle to attract investors in equitisation

The Central Institute for Economic Management (CIEM) released a report yesterday on the actuality of strategic shareholders’ involvement in state-owned enterprises’ (SoEs) equitisation process, which they concluded to be below expectations.

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.

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.

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.

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.

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.

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.

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