Việt Nam News

Việt Nam is expected to adopt International Financial Reporting Standards (IFRS), replacing the current Vietnamese accounting standards (VAS), by 2020 as part of its efforts to improve transparency, according to experts at a seminar held in Hà Nội on Monday.

Being creative to improve corporate management and approach international quality standards is one of the important factors that can help Vietnamese female entrepreneurs enhance their performance in selling farm produce.

The scale of State-owned enterprises controlled by the State Capital Management Committee is less than the initial plan, according to the latest draft of the decree on the functions, tasks, powers and organisational structure of the committee.

Global footwear brands like Adidas, Nike and Puma are increasingly turning to Việt Nam for their manufacturing needs due to its affordable labour costs and free trade agreements.

Local businesses should follow laws and requirements on origin when exporting their product to the US.

Vietnamese shares kept falling on Monday, weighed down by large-cap stocks as investors remained quiet amidst the lack of supporting news among all businesses.

Việt Nam’s paper industry has been facing difficulties in production due to the high cost of imported raw materials, though production has been stable since the start of this year.

Many activities and environmental projects are being carried out under the "Green Products Consumption Campaign” in HCM City, which has since 2010 sought to improve people's awareness of environmental protection.

The central province of Bình Định introduced its potential to South Korean businesses on Monday, aiming to lure investment from the Northeast Asian nation.

A group of sugar producers has asked for Government intervention as the industry struggles to compete with corn syrup imports.

The central city will host the third International Start-up Conference and Exhibition, or SURF 2018, on June 29, with the aim of attracting participants in technology, artificial intelligence (AI) and big data.

Thừa Thiên-Huế province attracted 11 projects worth nearly VNĐ2 trillion (US$87.1 million) in the first five months of this year.

Telecom provider Viettel has unveiled plans to officially inaugurate its mobile phone network in Myanmar under the trade name Mytel on June 9, 2018.

The domestic building materials market has remained stable and is growing well in the first months of 2018, meeting consumer demand, the Ministry of Construction (MoC) said.

The State Bank of Việt Nam set the daily reference exchange rate for May 28 at VNĐ22,596 per US dollar, up seven Việt Nam đồng from May 25.

The Government plans to develop three special economic zones, which it hopes will spearhead the country’s growth. They will be located in the coastal district of Vân Đồn in the northern province of Quảng Ninh, Bắc Vân Phong in the central province of Khánh Hoà and Phú Quốc Island.

The Vietnamese Government on May 15 issued a decree stipulating that Vietnamese traders are allowed to process legal goods for foreign merchants, excluding the commodities banned or temporarily suspended from export and import.

Cross-ownership in banks has decreased sharply after the banks recently changed their top leaders at the 2018 annual general meetings of shareholders (AGMs) to meet the central bank’s new regulation.