Việt Nam News

The increasing number of Vietnamese suppliers who provide parts and components to Samsung would not only help Samsung Việt Nam (SEV) reduce its production costs, but also develop the country’s auxiliary industry, according to Kim Dong Hwan, SEV’s deputy general director.

Việt Nam and the European Union (EU) are working to finalise legal and language – related issues in the EU-Việt Nam free trade agreement (EVFTA), prior to the official signing and ratification of the trade deal next year, said Deputy Minister of Industry and Trade Trần Quốc Khánh.

The Ministry of Agriculture and Rural Development has approved a plan to implement urgent solutions in response to the European Union’s (EU’s) warning about illegal, unreported and unregulated (IUU) fishing.

Việt Nam e-commerce, although small, is among the fastest growing globally, according to a report released by Kantar Worldpanel, a global expert in shoppers’ behaviour.

Executives from 20 companies based in South Korea’s Gyeongsangbuk-do Province met with nearly 90 Vietnamese counterparts in HCM City on December 1 to discuss business opportunities.

Total revenue from retail sales and services topped US$160 billion during the first 11 months of 2017, surging 10.7 per cent year-on-year, according to the General Statistics Office (GSO).

 Smartphone ownership has continued to grow in both urban and rural areas in Việt Nam, according to the 2017 Nielsen Vietnam Smartphone Insights report.

Shares rose on both local markets on Friday following a deal between OPEC and non-OPEC exporters on extended oil output cuts and expectations for good fourth-quarter earnings reports.

Sacombank has set aside VNĐ3 trillion (US$132.15 million) for preferential loans to household businesses, small traders and firms converted from household businesses in HCM City.

In November, the Hà Nội Stock Exchange (HNX) organised six auctions, collecting a total value of more than VNĐ418 billion (US$18.3 million).

The Việt Nam-China International Tourism Fair 2017 kicked off on Friday in Móng Cái City of the northern province of Quảng Ninh.

The Asian Development Bank (ADB) on Friday signed loan agreements worth US$20 million with Agripacific Holdings (APH) and Kunming Hasfarm Flowers (KHF) to develop high-value horticulture in Viet Nam, China and Indonesia.

Cần Thơ People’s Committee has proposed to use the municipal budget to support carriers launching new flight routes to/from the city’s airport but incurring losses from these routes.

Online Friday 2017, the largest annual event for the e-commerce business and consumer communities in Việt Nam, kicked off on Thursday evening in HCM City.

The budget revenue of the General Department of Customs (GDC) surpassed VNĐ261.1 trillion (US$11.5 billion), or 91.6 per cent of the 2017 target as of November 28.

Việt Nam recorded a trade surplus of US$2.8 billion in the first 11 months of 2017, mainly contributed by the foreign-invested sector, according to a General Department of Customs report.

Convenience stores were the most successful food and drink service channels in the past year, according to results of a survey released at a seminar held in HCM City on November 30.

Vietnamese exporters can now get all the information they require about the European market at www.viet-export-win.com, which was launched in HCM City on Wednesday by the Ministry of Industry and Trade in collaboration with the EU-MUTRAP Project.