Việt Nam News

Japanese and Vietnamese experts discussed support policies for small and medium-sized enterprises (SMEs) at a seminar hosted by the Ministry of Planning and Investment yesterday in the capital.

Many domestic automakers are seen moving toward importing cars, which were previously manufactured and assembled in the country, when the 2018 import tax on cars from ASEAN countries drops to zero, said the Ministry of Industry and Trade’s Heavy Industry Department Director Trương Thanh Hoài.

Prime Minister Nguyễn Xuân Phúc yesterday received the Chairman and CEO of Aéroports de Paris (ADP), Augustin de Romanet, saying that the French airport group’s investment and business cooperation in Việt Nam will substantially contribute to the two countries’ strategic partnership.

The Ministry of Finance on Wednesday announced that the maximum level of government guarantees for a programme or project has been reduced to 70 per cent from 80 per cent.

The country’s total retail sales and services revenue this February crossed VNĐ309.3 trillion (US$13 billion), data from the General Statistics Office (GSO) has revealed.

The Vietnam Technological and Commercial Joint-stock Bank (Techcombank) had sold 21 million shares of the Vietnam Airlines Company Limited (Vietnam Airlines), according to the Hanoi Stock Exchange (HNX).

Việt Nam’s upcoming free trade agreement with the European Union (EVFTA) is expected to make Việt Nam the most promising business destination for European companies in Southeast Asia.

Shares edged lower on the two exchanges on Thursday on rising prudence as investors found current valuations no longer attractive.

Senior officials from the 21 member economies sat together for the first working day yesterday in Nha Trang, discussing three out of four priorities proposed by Việt Nam for the APEC Year 2017.

Việt Nam has 200 super-rich people, with fortunes valued at US$30 million or more, according to the Wealth Report 2017 by the UK’s leading independent real estate consultancy Knight Frank.

The municipal Customs Department on Wednesday officially began offering online services at Level 3 and Level 4 for 46 administrative procedures for people and businesses.

NMS Việt Nam Co Ltd on Wednesday inaugurated a factory in Đồng Văn II Industrial Zone in the northern province of Hà Nam’s Duy Tiên District.

The General Statistics Office (GSO) started to implement a general economic census across the nation from March 1. The general economic census this time has a new point that it would collect data on foreign non-governmental organizations operating in Việt Nam to evaluate full results of their operation in the domestic economy.

The national index of industrial production (IIP) surged by 2.4 per cent year-on-year in the first two months of this year, much lower than the 6.8 per cent growth seen in same period last year, according to General Statistics Office data.

Some 14,450 firms were newly established in the country in the first two months of this year, a year-on-year increase of 3.9 per cent, the General Statistics Office (GSO) reported.

The export of wood and wood products is expected to fetch US$8 billion this year, up from $7.3 billion last year.

Most local companies have shown optimism about business results in 2016, providing momentum for further growth in 2017.

Deputy Prime Minister Vương Đình Huệ has asked the Inter-Sectoral Steering Committee for Economic Integration to improve study and forecast about integration developments, especially negotiation of free trade agreements (FTAs), in order to raise appropriate policies.