Việt Nam News

The International Finance Corporation (IFC) and the Netherlands Development Finance Company (FMO) on December 13 launched an online course on Related Party Transactions Governance for Vietnamese commercial banks.

Việt Nam has made significant progress in aligning its policies on foreign arbitral awards with international standards, but it needs to foster enforcement capacity to enhance trust and confidence of foreign businesses.

E-commerce website and must be registered or notified to the Ministry of Industry and Trade (MoIT).

GE Healthcare, the $18 billion healthcare arm of General Electric (GE), has just signed a comprehensive strategic partnership agreement with Vinmec Healthcare System (under Vingroup).

Prime Minister Nguyễn Xuân Phúc pledged the Government would continue to improve the business climate for the private sector to thrive, stressing their critical role in  national growth.

Shares performed well on the HCM Stock Exchange on Tuesday on the efforts of energy and beverage stocks following news about the State’s divestment from largest brewer Sabeco and a jump in oil prices.

The Ministry of Industry and Trade on December 11 announced that an investor has registered to hold at least 25 per cent of the Saigon Beer, Alcohol and Beverage Corporation (Sabeco), of which the Government is going to sell stake equal to nearly US$5 billion.

Against global recession and financial crisis, Việt Nam’s retail industry has cemented its position in the economy as an effective bridge between producers and consumers, actively orienting buyers towards domestic products.

The repair of a major internet submarine cable, SE-ME-WE 3 (SMW-3), has been delayed again, meaning Vietnamese internet users will see slower speeds for longer.

VIETBUILD Home, the annual exhibition on housing, home decoration and household appliances, will be held in HCM City from December 14 to 18 when people shop for the New Year holidays.

Korean kitchenware and household appliances brand LOCK & LOCK has won the Top 10 Trust and Use Award given by the Tư vấn Tiêu Dùng (Consumer Advisory) magazine for having products and services trusted by consumers.

Food producer KIDO Group (KDC) will invest in producing and trading sugar in the Vietnamese market.

Airports Corporation of Vietnam (ACV) plans to sell 20 per cent stake, equivalent to VNĐ4.35 trillion (US$194.77 million), to foreign and domestic investors through open auction in 2018.

Northern Hải Phòng port city will reduce fees by 20 per cent for using infrastructure, service facilities and public utilities at its ports from the beginning of 2018.

The Ministry of Finance and Vietnam Customs officially put the Vietnam Automated System for Seaport Customs Management (VASSCM) into operation in northern port Hai Phong City on December 11.

The Ministry of Industry and Trade has transferred documents of the Khaisilk scandal to the police for investigation after it discovered signs of criminal violations.

Việt Nam commits to the multilateral trading system and is ready to cooperate with other World Trade Organisation (WTO) members on WTO issues. This affirmation was made by Deputy Minister of Industry and Trade, Trần Quốc Khánh, while speaking at the plenary session of the 11th WTO Ministerial Conference, taking place in Argentina on December 11.

The Competition and Consumer Protection Department under the Ministry of Industry and Trade has given the go-ahead for the merger and acquisition (M&A) deal between the two largest local electronic retailers – Thế Giới Di Động (Mobile World) and Trần Anh Digital World.