Việt Nam News

To ultilise opportunities brought by the fourth industrial revolution (Industry 4.0) and limit unwanted effects, Vietnamese Prime Minister Nguyễn Xuân Phúc said the Government would build long-term orientations and install specific policies.

The Ministry of Industry and Trade on Friday announced the conclusions of its investigation of Mumuso Việt Nam Company Limited, saying that 99.3 per cent of its goods were imported from China.

Authorities in the northern province of Bắc Ninh licenced 92 new foreign-funded projects worth US$206.58 million in the first half of 2018, up 3.29 per cent over the same period last year.

Việt Nam is positioned to take advantage of the growing opportunities presented by the sharing economy, said Rebecca Bryant, Australian Embassy Charge D’Affaire at the conference on the sharing economy held in Hà Nội on Thursday.

Commercial banks’ liquidity was good in the first half of this year thanks to the State Bank of Việt Nam’s (SBV) net injection of nearly VNĐ210 trillion (US$9.17 billion), the latest report from the National Financial Supervisory Commission showed.

Links between farmers and enterprises are weak in the southern province of Tây Ninh, making it difficult to add value to local farm produce, according to its Department of Agriculture and Rural Development.

Many foreign giants have invested in Việt Nam’s leading e-commerce platforms even as they incur big losses, as they continue to see the long-term potential of the country’s rapidly expanding online shopping sector.

New preferential policies have encouraged both local and international firms to invest in renewable energy, according to authorities.

Shark catfish farming has grown rapidly in An Giang Province due to the authorities’ efforts to introduce sophisticated farming techniques and new technologies.

Japanese companies are investing heavily in the mechanical engineering industry in Việt Nam.

The Việt Nam Construction and Machinery Installation Corp (Lilama) has decided to withdraw all capital from Sông Vàng Hydropower JSC (SVH).

South Korea’s Hanwha Life Insurance Company (Vietnam) on Wednesday announced plans to increase its charter capital by VNĐ3 trillion to VNĐ4.89 trillion, becoming one of the largest life insurers in the country.

The Industry 4.0 Summit Expo 2018 was opened in Hà Nội on Thursday.

 Vietnamese shares ended Thursday on a positive note following the improvement of global markets as trade war fears were soothed by news of potential talks between China and the US.

The State Treasury of Việt Nam successfully mobilised VNĐ3.51 trillion (US$152 million) through Government bond auctions at the Hà Nội Stock Exchange (HNX) on Wednesday.

The property developer PGT Group plans to develop PGT City, an urban project in Liên Chiểu district, later this year on a total area of 10ha with total investment of US$50 million.

The Vietnam Association of Seafood Exporters and Producers (VASEP) has urged domestic enterprises to maintain strict quality control of aquatic products exported to China amid the recently accelerated growth of tra fish exports to this market.

Việt Nam’s business environment has improved significantly, especially its competitiveness, said representatives of US businesses in the US-ASEAN Business Council (USABC).