Việt Nam News

National Assembly Chairwoman Nguyễn Thị Kim Ngân called it critical to clarify criteria determining which businesses are small and medium sized in order to raise feasible support as the country aims to boost its private sector and start-up culture.

 The Mekong Enterprise Fund III Ltd (MEF III), managed by private equity firm Mekong Capital, yesterday inked an investment deal with the Hà Nội-based pawn shop chain F88.

The Airports Corporation of Việt Nam (ACV) plans to sign a strategic partnership agreement with French airport authority Aéroports de Paris (ADP) in March this year.

Consumer lending is seeing only a slow rise ahead of Tết (Lunar New Year), despite commercial banks offering preferential loans to both individuals and enterprises.

Samsung Việt Nam’s turnover in 2016 touched US$46.3 billion, while its exports reached $39.9 billion, rising 9.9 per cent compared to 2015, despite the Galaxy Note 7 recall.

The VN Index, Viet Nam’s benchmark stock index, yesterday declined the first time after rallying for seven consecutive trading days.

The State Bank of Việt Nam has asked its branches and credit institutions nationwide to report quarterly their lending to small-and medium-sized enterprises (SMEs).

Two giant State-owned corporations, Vietnam National Petroleum Group (Petrolimex) and Viet Nam Steel Corporation (VNSTEEL), achieved record profits last year, according to a conference held by the Party Organisation of the Central Enterprises Bloc (CEB) on Monday.

Products including telephones and spare parts, garment and textile, electronics and computers are expected to bring highest export turnover to the country in 2017, said the Ministry of Industry and Trade.

The State Bank of Việt Nam (SBV) will co-operate with relevant agencies to map out a "special" law to boost bank restructuring and settle bad debts in 2017, according to SBV Governor Lê Minh Hưng.

The Hà Nội innovative business incubator of information technology (HBI-IT) was put into use on Monday at 185 Giảng Võ Street. 

Vietnam News Agency’s reporter from Sydney reported that a ban on green and raw shrimp to Australia from Asia, including Viet Nam, took effect on Monday.

The Việt Nam Textile and Garment Group (Vinatex) will mobilise VNĐ5 trillion (US$242 million) for fibre, textile and garment development to boost this year's production.

The Ministry of Trade and Industry (MoIT) and military-owned telecom company Viettel Group on Monday signed a cooperation agreement on applying information technology (IT) to build e-governance and e-commerce infrastructure.

Việt Nam’s steel industry plans to produce 5.5 million tonnes of crude steel and 5.8 million tonnes of rolled steel this year, according to the Ministry of Industry and Trade. Those figures represent a year-on-year increase of 16.6 per cent for crude steel and 18 per cent for rolled steel output.

Many large and unexpected merger and acquisition (M&A) deals were made in 2016, with retail and real estate continuing to dominate the domestic market.

Automobile rentals have doubled in price in the run-up to Tết (Lunar New Year), which begins in late January.

The trade and industry sector in HCM City plans to offer more support to local companies this year, Phạm Thành Kiên, director of HCM City’s Department of Industry and Trade, said at a meeting reviewing the sector’s activities last year.