Việt Nam News

The Việt Nam Asset Management Company (VAMC) will take drastic measures to recover around VNĐ33 trillion (US$2.598 billion) of non-performing loans (NPLs) this year, VAMC chairman Nguyễn Tiến Đông said.

The Australian Consulate General in HCM City on Wednesday awarded Direct Aid Programme (DAP) grants worth more than VNĐ3.3 billion (around US$144,500) to 11 projects for the 2016-17 period.

Taxi firms are calling for fair competition with tech-based rivals Uber and Grab, which have seen a rapid development in the past two years in Việt Nam.

Delegates attending a seminar in HCM City on Wednesday urged the Government to amend or revoke a decree on rice exports which they said impedes exports of the grain.

The local stock market saw corrections within narrow range yesterday on the two exchanges as investors increased selling on fears of a steeper fall.

The Government has issued an action programme to implement the policies on economic restructuring and building of a new growth model for the period between 2016 and 2020.

The South Korean Lotte conglomerate will be building a new shopping mall near Hà Nội’s West Lake, according to The Korea Herald.

EVN International Joint Stock Company has obtained approval from the Hà Nội Stock Exchange to trade its 36.67 million shares on the Unlisted Public Company Market (UPCoM).

Quảng Nam Rubber Investment Joint Stock Company has announced that it will sell more than four million treasury shares to increase its working capital.

The State Bank of Việt Nam (SBV) will allow Southeast Asia Commercial Joint Stock Bank (SeaBank) to set up its own asset management firm.

Việt Nam’s mobile phone and component exports to South Korea reached some US$230 million in the first month of this year, up 107.7 per cent, or $125.6 million, against last year’s corresponding period.

United States' ACO Investment Group has expressed interest in implementing renewable energy projects in Viet Nam’s southern province of Binh Duong.

When a new Circular comes into effect September 1, market members will be able to borrow Government bonds (G-bond) for sale.

The Vietnamese High-Quality Goods Award will be conferred on 592 firms this year.

While many factors come into play, ensuring a stable supply of high-quality produce and diverse, value-added products will be crucial to meeting the shrimp export target of US$10 billion by 2025 set by Prime Minister Nguyễn Xuân Phúc, two prominent seafood exporters tell Việt Nam News reporter Tạ Thu Giang.

Representatives of the 21 APEC economies have agreed to cooperate in preventing base erosion and profit shifting (BEPS) at a seminar on the implementation of a BEPS action plan in Nha Trang City.

A symposium on digital citizenship and safer Internet day was held in Hà Nội on Wednesday in order to enhance community’s awareness on Internet safer use.

The benchmark VN-Index continued to rise yesterday but on a slower pace as investors were worried about a possible correction.