Việt Nam News

China has authorised 22 Vietnamese businesses to export rice into its market, Việt Nam’s Ministry of Agricultural and Rural Development (MARD) announced.

Vietjet will sell five million air tickets at only VNĐ5,000 (20 cents) per ticket from December 28, 2016 to February 28, 2017, as part of its fifth anniversary celebrations.

Indonesian Anti-Dumping Committee (KADI) has initiated an anti-dumping investigation of relevant colour-coated steel sheet imports from China and Việt Nam.

The country’s maritime transport sector posted growth for two consecutive years, notwithstanding losses, restructuring and even bankruptcy of several large foreign carriers.

Non-performing loans (NPLs) of the banking system by the end of 2016 is estimated to inch down to 2.8 per cent from 2.9 per cent in 2015, according to the National Financial Supervisory Committee.

Unlisted Public Company Market (UPCoM) welcomed the listing of nearly 70 million shares of five companies on Monday, with share value registered for trading equal to VNĐ693.4 billion (US$31 million).

Systemic problems in auctioning shares of State-owned enterprise (SOE) Vinamilk recently should serve as a lesson for upcoming equitising transactions, a Finance Ministry official says.

State-owned enterprises (SOEs), particularly large corporations, play dominant roles in several key economic sectors, such as energy (electricity, coal, petroleum), banks and telecommunications, Ministry of Planning and Investment (MPI) statistics revealed.

South Korean Solum Vina Company officially inaugurated its factory at the Bá Thiện II Industrial Park (IPs) in northern Vĩnh Phúc Province’s Bình Xuyên District yesterday.

Samsung Electronics Việt Nam (SEV) in association with University of Social Sciences and Humanities and the University of Languages and International Studies on Saturday held a ceremony to mark completion of the 14th Korean language course.

Phú Thịnh-Nhà Bè Garment Joint Stock Company’s management board has agreed to halt its apparel manufacturing business from early next year, as well as to de-list all its 2.2 million shares on the Hà Nội Stock Exchange.

Shares were mixed on the two local exchanges yesterday while investor confidence remained low ahead of the year-end holiday.

The General Department of Taxation is hastening the implementation of online tax refunds on a national scale, a part of the tax reform effort, to create favourable conditions for businesses.

Along with promotion programmes, banks have been expanding their networks in an aim to reach their annual targets.

Domestic textile enterprises and logistics service providers should work together to reduce costs and improve their competitiveness, according to experts.

Vietnamese businesses must focus on developing brands for their farm produce to become competitive both at home and abroad, a seminar heard in HCM City last Saturday.

The southern Kiên Giang Province needs VNĐ77.5 trillion (US$3.5 billion) to restructure its agricultural, forestry and fishery sector by 2020, its provincial department of agriculture and rural development has said.

State-owned groups and enterprises have brought back VNĐ6.84 trillion (US$301 million) to the State coffer during their divestment process in 2016, according to the Finance Ministry.