Việt Nam News

The Housing Development Commercial Joint Stock Bank (HDBank) last week signed an agreement with the HCM City Department of Health to provide credit to buy medical equipment for grassroots-level hospitals and set up a social work division at all hospitals by 2020.

Việt Nam’s index of industrial production (IIP) rose by 7.2 per cent in the first 10 months of 2016, according to the General Statistics Office (GSO).The increase was much lower than that of the same period last year (9.8 per cent) due to strong decline in ore mining (5.5 per cent). In the first 10 months of last year, ore mining production saw an increase of nine per cent and crude oil and gas exploitation saw a reduction of 7.5 per cent, according to economists of GSO.

Shares declined yesterday after a two-day rise as large-cap stocks, led by oil and gas stock, lost steam due to negative earnings as well as volatile oil prices.

The 9th annual Việt Nam Information Security Day will be marked in HCM City on November 17 and in Hà Nội in early December amid an increase in the incidence of cyber attacks aimed at large corporations world-wide, including in Việt Nam.

As Việt Nam is integrating rapidly into the global economy, the financial markets need to be restructured towards balance, efficiency and transparency to eliminate the risks of instabilities and achieve sustainable development.

The European Commissioner for Agriculture and Rural Development will lead a high-level trade mission to Southeast Asia, including Việt Nam, to explore market opportunities in the region.

According to data from the General Department of Việt Nam Customs, Việt Nam’s trade deficit with other members of the Association of South East Asian Nations has been widening relentlessly in recent years, going up from US$3.2 billion in 2013 to $4 billion in 2014 and $5.5 billion last year.

MobiFone Telecommunications Corporation earned more than VNĐ2.50 trillion (US$111.11 million) in after-tax profit in the first half of this year, down two per cent over the same period last year.

Shares appear set to remain steady this week as investors remain cautious on lack of positive business news in both domestic and international markets, securities companies and analysts said.

Việt Nam’s agricultural production has gradually entered the global supply chain, according to the Việt Nam Logistics Institute (VLI).

New foreign direct investment (FDI) registered in the 10 months of this year decreased by 1.3 per cent year-on-year to US$12.3 billion despite an annual rise of 25 per cent in the number of projects.

The Việt Nam Information Technology Outsourcing Alliance (VNITO) and the non-profit Japan Information Service Innovation Partners Association (JASIPA) last Friday signed a memorandum of understanding to promote business co-operation and leverage the strengths of both sides for sustainable development of their members.

Vietnamese small and medium-sized enterprises (SMEs) are encouraged to promote brand building and e-commerce development to enhance competitiveness at a workshop on e-commerce yesterday in Cần Thơ City.

The Vietnamese Government has issued a resolution approving the extension of its rice trade agreement with the Philippine Government. 

Vietnam-based online video startup Big Cat Entertainment Co Ltd has sold a major stake to Asia Innovations Group (AIG), a Chinese mobile internet company developing social and entertainment products.

Deputy Minister of Finance Trần Văn Hiếu urged measures to boost the bond market at the third general assembly of the Việt Nam Bond Market Association.

Prime Minister Nguyễn Xuân Phúc has listed six hydroelectric power plants that play a vital role in the socio-economic development of Việt Nam.

The Government has asked the National Assembly to consider a number of projects with a total investment capital of more than US$66 billion.