Việt Nam News

The State Bank of Việt Nam (SBV) has so far this year bought more than US$1 billion from commercial banks to build up the nation’s foreign currency reserves.

The fierce competition in both the domestic and export markets is forcing ceramic producers to improve their production process and product quality.

Vietnamese shares were buoyed on Thursday as petroleum companies continued to benefit from rallying oil prices.

The Ministry of Industry and Trade sees supporting the manufacturing and processing industry as the key to boosting socio-economic development this year.

The Bến Tre One Commune, One Product Fair opened in HCM City on January 24 at Big C An Lạc, seeking to promote the province’s products and tourism.

Kim Long Nam JSC has received approval in principle from the People’s Committee of Thừa Thiên – Huế to develop an auto manufacturing – assembly complex in the provincial Chân Mây – Lăng Cô Economic Zone.

Việt Nam’s shrimp exports are expected to grow this year to a value of more than US$4 billion thanks to free trade agreements, said the Vietnam Association of Seafood Exporters and Producers (VASEP).

A variety of food and fruit specialties from localities nationwide will be available at 500 pavilions of the Spring Fair 2019, which begins on Friday at the Hà Nội International Exhibition Centre in the capital.

With a total prize value of up to US$1 million, the third Proof-of-Concept (PoC) competition aims to contribute to the richness and the connectivity of the Vietnamese start-up ecosystem.

The State Treasury of Việt Nam mobilised nearly VNĐ6.2 trillion (US$265 million) through Government bond auctions on the Hà Nội Stock Exchange (HNX) on Wednesday.

Officials from Việt Nam and India discussed specific measures to remove obstacles to trade and investment co-operation between their businesses during the fourth meeting of the Joint Sub-committee on Trade in Hà Nội on Wednesday.

On Thursday, the Republic of Korea’s carmaker Hyundai Motor Company said it will set up a joint venture (JV) with Vietnamese firm Thành Công Group to boost sales in the emerging market, according to news website Yonhap.

Vietnamese start-ups were invested in to the tune of US$900 million in 2018, tripling the previous year’s investment, according to a report recently released by Topica Founder Institute (TFI), a start-up accelerator programme in Việt Nam and Thailand.

Global economic confidence fell for the third consecutive quarter in Q4 2018 to end the year at an all-time low, found the latest edition of Global Economic Conditions (GECS).

Việt Nam has so far protected 69 products with geographical indications and six foreign ones. Over the past 10 years, the number of protected GIs has increased by 3.5 times.

The Đông Nam Textile JSC, a subsidiary of the Vietnam National Textile and Garment Group (Vinatex), began construction of the first yarn factory in the southwestern region in Bạc Liêu province on Wednesday.

Foreign direct investment (FDI) capital is a major driver of Việt Nam’s economic development. On the sidelines of the Việt Nam Economic Forum 2019 held last week, Kyle Kelhofer, IFC Country Manager for Việt Nam, Laos and Cambodia, and Ganesan Ampalavanar, CEO of Nestle Việt Nam, spoke to Viet Nam News reporter Nguyễn Linh Anh about opportunities to leverage FDI and strengthen links with domestic firms.

Renewables could become Vietnam’s lowest-cost option to meet its energy needs, according to a whitepaper released by global management consulting firm McKinsey & Company on Wednesday.