Việt Nam’s global integration: it is now the financial sector’s turn

Việt Nam has made great strides in integrating with the global economy and accomplished a great deal as its rapid economic growth in the past 30 years testifies. It is committed to opening up its finance sector, an important pillar in the economic integration process, and enhancing international co-operation.

VN plans major solar power growth

Over 100 provincial government officials, investors and other stakeholders gathered yesterday in HCM City to discuss policies for the developmnet of solar energy.

Provinces set special economic units

Quảng Ninh, Kiên Giang and Khánh Hòa are gearing to develop special administrative-economic zones with expectations that preferential policies will be increased as the National Assembly is discussing the Law on Special Administrative-Economic Units.

E5 fuel shortage growing concern

Experts and businesses are raising concerns about the shortage of E5 bio-fuel supply as there are two months left for E5 to be fully replaced RON 92 petrol.

As oil dips, tourism should soar: HSBC report

Crude oil’s days of being a major contributor to national economic growth are over, according to a report prepared by the Hongkong and Shanghai Banking Corporation Limited (HSBC).

Blue-chip reliance worry investors

Large-cap companies continued to drive shares on the HCM Stock Exchange up yesterday, but analysts warned of market volatility over investor worries about the market’s dependence on blue chips.

Internet users ignore network security

Việt Nam’s security index is very low, ranking 101st out of 193 member countries on the International Telecommunication Union report on the Global Network Security Index on ability to ensure network security.

North-South expressway can’t be delayed: Government

National Assembly (NA) deputies at a discussion yesterday afternoon largely agreed that the Ministry of Finance should be the focal-point agency to manage public debts to prevent management overlaps and inconsistencies.

Petrolimex’s post-tax profit down 16%

Việt Nam National Petroleum Group (Petrolimex) reported a post-tax profit of VNĐ895 billion (US$39.3 million) in the third quarter of this year, 16 per cent less, year-on-year.

 

State treasury raises $133.3 million from bond auction

The State Treasury of Vit Nam on November 1 raised VNĐ3 trillion (US$133.3 million) from government bond auctions, raising the total value of bond issuance to VNĐ156.2 trillion since the beginning of the year.

Banking assets rise to more than $407 billion

Total assets of Việt Nam’s banking system reached more than VNĐ9.25 quadrillion (US$407.5 billion) by the end of August, an increase of 8.79 per cent over the beginning of this year, statistics from the State Bank of Việt Nam (SBV) show.

VN exporters must defend against trade suits

As importing countries impose trade barriers to protect their goods and products, they often utilise trade remedies against exporting countries. There are short-term solutions for exporters, like Việt Nam. But in the long run, enterprises still need strategic planning and specific steps to overcome trade barriers in order to increase exports and develop sustainably.

Int’l tourist arrivals reach 10.5m

The number of international visitors to Việt Nam in the first 10 months of 2017 was estimated at 10.47 million, marking a year-on-year surge of 28.1 per cent.

Thừa Thiên-Huế attracts $96m investment

The central province of Thừa Thiên-Huế has attracted 11 more projects with total registered capital of over VNĐ2.18 trillion (US$96 million) during the first ten months of this year.

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