Việt Nam News

The State Securities Commission (SSC) has warned about the risks arising from investing in financial technology (fintech).

Trade promotion programmes helped generate more than US$583 million in contract value and transactions in 2017, according to the Việt Nam Trade Promotion Agency (Vietrade).

Việt Nam can fully meet Qatar’s demand for tropical fruits, said Minister of Agriculture and Rural Development Nguyễn Xuân Cường.

Việt Nam maintained its position as an important investment destination for Japanese companies, with some 70 per cent of operational Japanese-invested firms making plans for business expansion here.

Many banks have planned to set up more branches and transaction offices in the early days of the new year to seize new business opportunities.

Thousands of Japanese goods imported into Việt Nam will enjoy a zero percent tariff, in line with the Southeast Asian country’s commitments to lower tariffs, as outlined in the Việt Nam - Japan Economic Partnership Agreement (VJEPA) and the ASEAN - Japan Comprehensive Economic Partnership Agreement (AJCEP) for 2016-19.

As of January 20, FDI projects disbursed $1.05 million, 10 per cent higher than the same period last year.

The State Bank of Việt Nam (SBV) has issued a document asking credit institutions and branches of foreign banks to push the resolving of non-performing loans in 2018.

Shares declined on the HCM Stock Exchange (HOSE) yesterday, dragged down by blue chips despite rising demand on the southern bourse.

Despite concerns from economic experts about the undetermined scale and scope of Việt Nam’s undocumented market transactions, authorities are adamant that the illicit economy is under control and will soon be regulated heavily.

With its price more than doubling since early last year and trading at around VNĐ145,000 (US$6.38) now, the Phú Nhuận Jewelry Joint Stock Company’s share became one of the highest gainers on the Vietnamese stock market last year.

The average registered capital for each business this month was VNĐ9.1 billion (approximately $400,000), down 10 per cent year-on-year.

The number of firms using e-invoice has increased significantly in recent years due to its convenience and cost effectiveness.

The consumer price index (CPI) in January rose by 0.51 per cent over the previous month and 2.65 per cent over the same month last year, according to the latest updates from the General Statistics Office (GSO).

Việt Nam National Shipping Lines (Vinalines) is seeking to make its initial public offering (IPO) in mid-2018, with an expected chartered capital of US$630 million.

Based on its 2017 success, HCM City aims to attract between seven to eight million international visitors and a whopping 29 million domestic visitors in 2018.

The HCM City’s Science and Technology Department plans to promote a municipal Science and Technology Development Fund while seeking to focus State science and technology organizations on activities relevant to the market and wean them off public funds in 2018.

The products of HCM City and Laos are more complementary than competing in nature, meeting consumption and production demand of both sides. But their bilateral trade relation has not met the expectations of either side, according to the Investment and Trade Promotion Centre of HCM City (ITPC).