Việt Nam News

Vietnamese textile and garment companies should focus more on developing their supply chain to enable them to capitalise on opportunities arising from free trade agreements, a panel discussion heard in HCM City this week.

Total value of property inventory nationwide has reduced in the first 11 months this year, according to the Ministry of Construction.

The property market expects to see a wave of property developers expanding into affordable housing developments as this segment was in a severe shortage and the Government was taking steps to promote investments.

Shares rose yesterday on the two exchanges as investors returned to purchase large-cap stocks with support information in expectation of a further expansion.

The State Bank of Việt Nam (SVB) has awarded a certificate of merit and commemorative medals to Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH Việt Nam leaders and managers.

Employees of Mobile World Investment Corporation will hold a fortune worth VNĐ2.6 trillion (US$116.7 million) in December 2016, according to a report on the news website CafeF.

Fruit and vegetable exports hit US$186 million in November, bringing the value in 11 months of this year to approximately US$2.2 billion, up from the 2015 record of $1.8 billion.

Việt Nam will continue to restructure its public debt with tighter monitoring of projects as it deals with the challenge of building macro-policies to deal with the issue, Prime Minister Nguyễn Xuân Phúc said yesterday.

Credit organisations in Đồng Nai Province have mobilised VNĐ153 trillion (US$6.8 billion) in deposits from early this year till date, which is 23 per cent higher than at end-2015.

The Bình Thuận Wind Power Association has asked the Ministry of Industry and Trade to raise the selling price of wind power to US$9.5-10 cents per kWh, up from the current $7.8 cents.

The Russia - Việt Nam oil and gas exploration joint venture, Vietsovpetro, announced completion of the initial drilling and perforation on their Thiên Ưng gas field on December 6, 2016.

An Asia-Pacific Economic Cooperation (APEC) dialogue with businesses was held in Hanoi on December 8 with the theme “Creating new dynamism for growth and integration.”

Two Việt Nam-Korea joint committees met in Seoul to promote bilateral trade and investment.

Prime Minister Nguyễn Xuân Phúc yesterday urged ASEAN countries to take measures to facilitate cross-border trade and investment while warning the re-emergence of protectionism.

Deputy PM Vương Đình Huệ is pushing for establishment of a committee under the Government to manage an estimated VNĐ5 quadrillion (US$223 billion) worth of capital at State-owned enterprises (SOEs).

The public is interested in developments in the gold market and in how regulators are dealing with them after gold prices rose higher against international levels recently. Nguyễn Ngọc Cảnh, Director of the State Bank of Việt Nam’s (SBV) Foreign Exchange Management Department talks to Vietnam News Agency reporter Đỗ Huyền about the issue.

Shares rose for a second day on the HCM Stock Exchange yesterday, propped up by recovery of large-cap shares, while continuous foreign sells keep threatening market stability.

Việt Nam’s potential for e-commerce development in the retail sector could achieve a $10-billion revenue by 2020, accounting for half the country’s total retail sales.