Việt Nam News

The Ministry of Finance (MoF) has asked the Vietnam Oil and Gas Group (PVN) to focus on accelerating its divestment in enterprises operating in sensitive sectors.

Hà Nội Trade Corporation (Hapro) is planning to transfer 420,000 shares in Chu Đậu Ceramic JSC to BRG Group JSC.

Việt Nam posted a trade deficit of US$5.2 billion with China in the first two months of this year, according to the General Department of Customs.

The central bank is drafting a new circular regulating credit institutions’ trading and handling of non-performing loans (NPL) with the aim of forcing the institutions to focus more on bad debt settlement.

With trade protectionism increasing, Vietnamese companies should prepare for trade-related lawsuits and disputes but also capitalise on possible opportunities from the ongoing US-China trade war, a top trade remedy official has said.

Foreign and domestic investment has led to an annual growth rate of 10 per cent for the food processing industry sector in recent years

Poorly-performing State-owned people’s credit funds – a type of credit institution focusing on people in rural areas to help them escape poverty and avoid dependence on loan sharks – will be merged, acquired or dissolved to ensure the safety of the country’s finance and banking system.

In 2019 the State Bank of Việt Nam has set a credit growth target for the banking sector of 14 per cent, lower than the rates of 18 per cent in 2017 and 17 per cent in 2018.

HCM City has called on foreign-owned enterprises to further contribute to its development by sharing their experience, ideas and technologies as well as investing in large projects.

Investors should keep a careful watch over the market as price movements have been sensitive and showed no certain trends, analysts said.

TMS Group will organise a series of investment promotion events in Japan at the beginning of April to look for potential partners in the fields of real estate, health and high-tech agriculture.

HCM City need to keep overloaded trucks and drivers high on drugs off roads and reduce road maintenance and toll fees, transport companies told city authorities at a dialogue on March 22.

Vietnam News Agency’s Television Centre (Vnews), in collaboration with the Việt Nam Association of Small and Medium Enterprises (VINASME), introduced a new programme to support small- and medium-sized enterprises (SMEs) at a ceremony on Saturday.

Pig prices have gone up slightly in recent days in the south after falling for several weeks under the impact of African swine fever.

Việt Nam hopes that South Korean investors will participate more deeply in the equitisation process of Vietnamese enterprises.

The State Bank of Việt Nam (SBV) on Thursday directed credit institutions to support their borrowers who raise pigs and are suffering losses due to African swine fever (ASF).

Vietnamese consumers are embracing digital payments as a faster and more convenient way to pay, with consumers using their credit and debit cards more often for in-store and online purchases, digital payment methods provider Visa said on Thursday.

ASEAN countries need to strengthen co-operation and share their experiences to ensure they can lead the way on next-generation 5G wireless technology.