Việt Nam News

Ten contracts and memoranda of understanding worth nearly VNĐ1 billion (US$44,800) have been signed between Vietnamese and South Korean businesses at an industry-trade-tourism fair which concluded on Monday.

The Ministry of Industry and Trade (MoIT) yesterday signed an agreement with Japanese Marubeni Company and South Korean KEPCO Company for the Nghi Sơn 2 Build-Operation-Transfer (BOT) thermal power plant.

The Ministry of Transport has handed over its State ownership representatives in eight enterprises under the Vietnam Inland Waterway Administration to State Capital Investment Corporation (SCIC).

The Republic of Korea’s Woori Bank on Monday held a launch ceremony to officially set up the wholly foreign-owned bank in Việt Nam.

Seventy children with cleft lips and palates will undergo surgeries, which will be funded by the Chevrolet division of General Motors Việt Nam, in co-operation with Operation Smile Việt Nam.

Shares opened high early on Tuesday, but declined towards the end of the morning session because of weak trading.

Building a business culture will improve Việt Nam’s image and make it more competitive as it integrates into the global economy, Prime Minister Nguyễn Xuân Phúc said on Monday.

Nearly 90 per cent of tariffs have been eliminated or reduced, with 59 per cent abolished after the Free Trade Agreement (FTA) between Việt Nam and the Eurasian Economic Union (EAEU) took effect in October 2016.

Ten contracts and memoranda of understanding worth nearly VND1 billion (US$44,800) have been signed between Vietnamese and South Korean businesses at an industry-trade-tourism fair which concluded on Monday.

South Korean company Hyosung Corporation has proposed to build polypropylene (PP) factories and a liquid petroleum gas (LPG) storage facility in Ba Ria-Vung Tau Province.

Samsung Việt Nam Mobile Research and Development Centre (SVMC) has launched the "Samsung Software Challenge 2016" - a computer software programming contest for university students in Hà Nội.

Việt Nam may develop a code on competition which is asymptotic to international rules and economic integration by mid-2018.

More than 60 per cent of people in the country use Vietnamese goods, information released at the Proud of Vietnamese Products 2016 programme, held in Hà Nội on Sunday, revealed.

Cassava farmers in Gia Lai Province are in dire straits, unable to sell their produce even after prices have plunged below production costs.  

The Vietnamese e-commerce market is expected to surge in the next five years, according to the Ministry of Industry and Trade, which has set an online sales target of US$10 billion or 5 per cent of total retail sales.

This year 17 commercial banks had planned to increase their capital, but only two managed to do so.

The Ministry of Agriculture and Rural Development (MARD) announced recent drops in pepper prices, both domestic and exported, in October.

Việt Nam plans to export chicken to Japan from next year and expand chicken export markets to other Asian countries in 2018, the Ministry of Agriculture and Rural Development said.