Việt Nam News

The Ministry of Planning and Investment has launched the Small- and Medium-sized Enterprise (SMEs) Development Fund for 2017.

Shares dropped slightly yesterday on the HCM Stock Exchange as investors remained cautious ahead of the results of the US Federal Reserve (Fed) meeting.

Sale negotiation between the Airports Corporation of Vietnam (ACV) and the French corporation Aéroports de Paris (ADP) is still on going for ACV’s shares.

Việt Nam’s leather and footwear industry will maintain its strong growth even if the TPP does not materialise, the Việt Nam Leather, Footwear and Handbag Association (Lefaso) has said.

The central city of Đà Nẵng continues to top the Provincial Competitiveness Index (PCI) for the fourth consecutive year. However, the secretary of the city’s Party Committee, Nguyễn Xuân Anh, is still not satisfied. Local media talk to him about the city’s efforts to reform administrative procedures to provide a favourable business environment for investors.

State-owned Vietnam National Tobacco Corporation (Vinataba) has registered to offload 8.4 million shares, or 51 per cent stake, of Hải Hà Confectionery after its share price hit an all-time high.

The purchase price of dried pepper dropped on Tuesday by VNĐ10,000 per kilo to VNĐ95,000-100,000 per kilo in Đắk Lắk, Gia Lai and Đắk Nông provinces against last week.

The Vietnam Energy Association (VEA) and South Korea’s association of energy storage industry development (KEIDA) on Tuesday jointly organised an international conference on new technologies in power and renewable energy.

The central highlands province of Đắk Lắk has granted licences and signed memoranda of understanding (MOUs) with several companies this month for the development of solar projects worth US$3.3 billion.

The Ministry of Finance has rejected a proposal from traditional taxi companies that the Government cut value added tax (VAT) for them from the current 10 per cent to 5 per cent.

Home-stay services are becoming popular across the country, with many people turning their houses into tourist dwellings to welcome foreign visitors.

The country’s import of vegetables and fruits saw a strong growth in the first two months of 2017, especially from Thailand and China.

Đà Nẵng’s high-tech park has granted an investment licence to local firm QCM Technology company for an embedded software system development project.

Shares advanced steadily yesterday on the HCM Stock Exchange, boosted by strong large-cap stock growth. However, analysts have warned about volatility ahead of the US Federal Reserve’s next meeting.

While they remain focused on fattening their bottom lines, most leading businesses in the country also see exercising their social responsibility as a contributive factor.

Credit growth in the first two months of 2017 rose 1.23 per cent year-on-year, but credit institutions remain cautious over business targets while focusing on lending quality.

Đà Nẵng maintained its status as the most competitive locality in the country, topping the Provincial Competitiveness Index (PCI) 2016 for the fourth consecutive year and seventh year at the top position since the rank was announced.