Việt Nam News

Việt Nam’s benchmark VN Index fell for a third straight session on Wednesday, following other Asian markets, as investor confidence hit the floor with worries over the trade tension between China and the US.

Innovative start-ups will enjoy financial support from the National Technology Innovation Foundation (NATIF) fund, according to a directive issued by Prime Minister Nguyễn Xuân Phúc.

Việt Nam has the potential to boost its exports of star anise and cinnamon, but needs supportive policies from the Government, the Lạng Sơn Star Anise Association has said.

State-owned shipping firm Việt Nam National Shipping Lines, raised a meagre VNĐ54.3 billion (US$2.33 million) from an initial public offering (IPO) held at the Hà Nội Stock Exchange on Wednesday.

Việt Nam and Russia has continued to see a boom in bilateral trade but more efforts should be made to keep it up with the potential.

Sacombank has granted 3,051 scholarships worth a total of VNĐ3.9 billion (US$167,589) to high school and university students at the beginning of the 2018-19 academic year.

As many as 350 businesses will take part in Vietstock 2018, the biggest livestock trade show in Viet Nam, in HCM City.

Total bilateral trade of HCM City for the first eight months of the year was US$55.34 billion, according to the city’s Department of Industry and Trade.

Media company Yeah1 Group (YEG) said it has receive approval from the State Securities Commission to raise its foreign ownership limit to 100 per cent.

The Hanoi Stock Exchange organised 38 auctions in August, mobilising a total of over VNĐ17.3 trillion (US$744.3 billion) worth of  Government bonds, up 9.9 per cent from the previous month.

A company has proposed a plan to develop tourism at the famous Ngã Bảy floating market in Nga Bảy Town in Hậu Giang Province, at a cost of more than VNĐ700 billion (nearly US$30 million).  

Prime Minister Nguyễn Xuân Phúc requires ministries, sectors and localities to reform their institutions, simplify administrative procedures, cut costs, cut costs and remove barriers to export.

The Ministry of Industry and Trade (MoIT) will hold bids on the right to use duty quota to import 94,000 tonnes of sugar this year.

Investors in solar energy projects are racing to begin operations before June 30, 2019, to qualify for incentives offered by the Government.

Việt Nam will become a key market for luxury watches, according the CEO of Swiss watchmaker Hublot.

More than VNĐ68 trillion (over US$2.9 billion) is expected to be spent on media advertising by companies in Việt Nam, with fast-moving consumer goods (FMCG) manufacturers to make up the bulk of the spending. 

More and more Vietnamese companies are taking the initiative by showcasing their products overseas.

About 90 per cent of social insurance funds are currently invested in government bonds (G-bonds), Đào Việt Ánh, deputy general director of Việt Nam Social Security (VSS) said at a seminar last week.