Phone subscriber regulation under fire from telecomms firms

A new regulation that stipulates telecommunication firms may only provide discounts for prepaid subscribers of up to 20 per cent has major problems and fails to uphold market economic principles, said Trần Mạnh Hùng, chairman of VNPT’s director board.

Tax and investment changes concern foreign firms

The changes in tax policy and investment incentives are the issues of greatest concern for foreign investors in Việt Nam, said Bùi Ngọc Tuấn, deputy general director of the Audit and Advisory firm Deloitte Việt Nam at a workshop on Tuesday in Hà Nội.

US-China trade war to hurt or benefit VN agriculture?

The ongoing US-China trade war will greatly impact the structure of the world economy in the future, causing damage but also generating indirect opportunities for countries where the economy relies heavily on agricultural production like Việt Nam.

VN stocks fall on late selling again

Việt Nam’s benchmark VN Index ended on a negative note for the second day in a row as profit-taking pressure rose in the last minutes to limit the growth of large-cap companies.

IFC arranges $100m loan for TPBank to promote digital financial services to MSMEs

The International Finance Corporation and Tiên Phong Commercial Joint Stock Bank have inked a deal following which the financial arm of the World Bank will provide a syndicated loan of US$100 million to help TPBank extend long-term funding to mirco, small and medium enterprises (MSMEs), and individual borrowers through digital delivery channels.

Việt Nam signs up to international fishing legislation

The Government has agreed to accede to the Food and Agriculture Organisation’s Agreement on Port State Measures, the first binding international agreement to specifically target illegal, unreported and unregulated fishing.

Phú Bài int’l airport to have new passenger terminal

The Airports Corporation of Vietnam (ACV) will source about VNĐ1.7 trillion (US$74.1 million) from its development capital to build the T2 passenger terminal at Phú Bài International Airport in the central coastal province of Thừa Thiên-Huế.

SMEs urged to take advantage of FTA opportunities

Vietnamese businesses have not yet taken full advantage of the potential to create high added value with low cost in the production chain, said Deputy Regional Managing Director of the US-ASEAN Business Council in Vietnam, Vũ Tú Thành.

Banks to hike service fees this month

After two months postponing the increase in service fees for ATM cash withdrawals as required by the central bank, some commercial banks have now resumed the plan, announcing that a new service fee framework will apply from the middle of this month.

Việt Nam needs reforms for new FDI strategy

Việt Nam needs breakthrough reforms in the national foreign direct investment (FDI) approach to sustain the country’s rapid economic development, competitiveness and inclusive prosperity, according to a report launched by the International Finance Corporation (IFC) and the Ministry of Planning and Investment (MPI) yesterday.

VN stocks lose steam on late sales

Vietnamese shares fell in the last minutes of trading on Monday as selling pressure weighed down large-cap companies after they grew strongly in the last two sessions.

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