Việt Nam News

Market research firm Market Intello has forecast that Việt Nam’s inflation this year may fall to below 3 per cent, lower than the rate of 3.8 per cent it predicted last month.

Remittances to HCM City in the first six months of the year were worth US$2.1 billion, marginally up from the same period last year, according to the State Bank of Việt Nam’s HCM City branch.

The State Bank of Việt Nam’s transaction centre this week raised the reference buying rate for the US dollar by VNĐ50 to VNĐ22,725, revealing its intention to expand foreign reserves.

Labels must be displayed directly on goods or their commercial packaging in easy-to-spot positions, clearly and fully showing compulsory information about the item.

Up to 80 per cent of enterprises invest less than 5 per cent of sales revenue in branding development, underming the domestic and foreign market share for Vietnamese products. This was one of the issues discussed at a conference in Ha Noi yesterday on improving competitiveness through branding development.

Domestic and foreign investors who implement a new project worth at least VNĐ4 trillion (US$176 million) at Hòa Lạc Hi-Tech Park (HHTP) will enjoy corporate income tax of 10 per cent for 30 years.

Shares sank for a second day yesterday as large-cap stocks continued to suffer profit-taking pressure while money sought opportunities in small- and mid-cap stocks.

At the 2017 Vietnam Business Development Forum (VBDF) held yesterday, economic experts indicated the private sector was becoming more crucial in attaining the national economic growth, but could only progress further with the right incentive and support from the government in promoting equal opportunities across different sectors.

The fifth seeds exhibition opened today in HCM City with over 350 booths set up by business groups, research institutes, schools, farms, co-operatives and businesses from around the country.

The SFCO2 service contract spans five years, starting in 2017, and covers the entire fleet of the HCM City-based airline. It will help Vietjet improve its operational efficiency by reducing fuel consumption and CO2 emissions.

 Sungroup plans to open its luxury resort complex Sun Premier Village Hạ Long Bay at Wyndham Legend Halong Hotel in the Northern Province of Quảng Ninh on July 1.

The Southern Power Corporation of the Electricity of Việt Nam (EVN SPC) has begun using 19 110kV power lines, built at a cost of VNĐ2.63 billion (US$115.8 million), this year.

The International Finance Corporation (IFC), a member of the World Bank Group, has helped Vietnamese garment-textile outsourcers save over 20 per cent of water and energy consumption.

Quảng Ninh Province's gross regional domestic product (GRDP) expanded by 9.6 per cent in the first half of this year against 9.2 per cent in the same period last year.

Google and Singaporean sovereign fund Temasek have forecast the Vietnamese online tourism services market to be worth US$9 billion by 2020, and said local companies should work quickly or risk losing the market to international companies.

Policies continue to discourage the production and trade of local agricultural products, research findings by the Institute of Policy and Strategy for Agriculture and Rural Development show.

The Government’s Resolution 19 on improving the business climate and national competitiveness passed four years ago has helped improve the business environment significantly, but there remain shortcomings in its enforcement, especially in terms of specialised inspections at the customs sector.

Prime Minister Nguyễn Xuân Phúc has asked Electricity of Viet Nam (EVN) to clarify some issues, especially the results of its restructure. The message was conveyed on Wednesday by a working group led by the Government Office Vice Chairman Nguyễn Cao Lục.