Việt Nam News

Product safety and compliance with export market requirements were discussed at an international conference in HCM City on Tuesday.

A wide range of farm produce, seafood, processed foods, beverages, tea and coffee, food ingredients, and food processing technologies and machinery are on display at the Việt Nam International Food Industry Exhibition that opened in HCM City yesterday (November 16).

Small- and medium-sized enterprises play a vital role in national development, Vietnamese and German politicians said in Hà Nội yesterday, during a dialogue between the Communist Party of Việt Nam and the Social Democratic Party of Germany (SPD).

Applying the Rules of Origin of Goods in Asean Trade In Goods Agreement (ATIGA) will help enterprises enjoy preferential tax rates and manage compliance costs that enterprises must bear under the form of documents and accounting cost.

With its high economic growth rate and a population of over 90 million, 60 per cent of whom are young consumers, Việt Nam has become an increasingly attractive destination for many international franchising and retail businesses.

A proposal to establish the Việt kiều (Overseas Vietnamese) Bank in Việt Nam has been raised at a meeting between Prime Minister Nguyễn Xuân Phúc and Việt kiều experts last week.

Shares rose slightly on the two national stock exchanges yesterday as many large-cap stocks rebounded following the past losing streak on uncertainty of the newly-elected US president’s policies.

Việt Nam’s pharmaceutical sector has tremendous potential for growth, its numerous structural weaknesses notwithstanding, a seminar heard in HCM City on Monday.

The housing market will continue to develop, especially the mid-range apartment and townhouse segments, thanks to the improved quality of the country’s economic growth, experts told a conference in HCM City yesterday.

Yamaha Motor Việt Nam is recalling 31,650 Yamaha Acruzo-2TD1 motorbikes produced from September 22 last year to August 3 this year due to technical defects.

The Government will work with automakers to turn the national automobile industry into a key economic sector, contributing to the country’s economic growth and meeting the public’s demand for autos, said Deputy Prime Minister Trịnh Đình Dũng.

Việt Nam is participating in the 36th India International Trade Fair, which opened in New Delhi on Monday.

Current amount of rice leftover from domestic businesses is now about 1.2 million tonnes, according to the Vietnam Food Association (VFA) and the Ministry of Industry and Trade’s statistics (MoIT) at the end of October, 2016, due to excess supply over demand.

Prime Minister Nguyễn Xuân Phúc met with Governor of Japan’s Mie prefecture Eikei Suzuki on November 14, saying he wanted Mie to invest in the industries it has advantages in such as cargo machinery, electronics and chemical production in Việt Nam.

Bilateral trade between Việt Nam and South Korea is expected to reach US$70 billion by 2020 due to the Việt Nam – South Korea Free Trade Agreement (VKFTA) which came into effect one year ago.

A series of co-operation opportunities have been offered to dozens of enterprises from HCM City and Japan’s Oita City.

The State Bank of Việt Nam (SBV) is drafting a new circular on foreign currency lending.

The textile and garment sector will continue facing challenges in 2017 due to fierce competition by other major exporters--including China, India, Bangladesh and Pakistan--while global demand is forecasted to slow down.