Việt Nam News

The State Bank of Việt Nam set the daily reference exchange rate for May 28 at VNĐ22,596 per US dollar, up seven Việt Nam đồng from May 25.

The Government plans to develop three special economic zones, which it hopes will spearhead the country’s growth. They will be located in the coastal district of Vân Đồn in the northern province of Quảng Ninh, Bắc Vân Phong in the central province of Khánh Hoà and Phú Quốc Island.

The Vietnamese Government on May 15 issued a decree stipulating that Vietnamese traders are allowed to process legal goods for foreign merchants, excluding the commodities banned or temporarily suspended from export and import.

Cross-ownership in banks has decreased sharply after the banks recently changed their top leaders at the 2018 annual general meetings of shareholders (AGMs) to meet the central bank’s new regulation.

With a market of 93 million people, Việt Nam has seen rapidly growing consumer demand for food and beverage (F&B) products, offering great opportunities for the sector to expand, experts have said.

Vietnamese stock markets is forecast to stay on a down-ward trend in the coming week due to caution philosophy among investors and accelerated selling pressure from foreigners, analysts said.

The top 10 Vietnamese architectural and property developers and firms of 2018 were honoured at an annual ceremony held on Friday (May 25) in HCM City by Asia’s leading construction solution provider BCI.

Economies in the ASEAN+3 region should enhance their connectivity, boost the service sector and develop skilled human resources in order to meet global demand, participants were told during a seminar held in Hà Nội on May 25.

The development of Việt Nam’s automobile industry depends a great deal on its supporting industry, which needs to be developed comprehensively, experts have said.

Gaining the trust of customers is still a challenge to the development of the e-commerce industry despite its huge potential.

Blockchain is increasingly taking centre stage in the IT industry and is expected to help develop Việt Nam’s economy, according to the Ministry of Information and Communications.

Firms are potentially missing out on key opportunities available beyond their immediate borders by focusing on trade policy developments on a regional scale, and showing lack of awareness when it comes to the broader global trade policy environment, according to an HSBC report.

The sugar industry needs to restructure to compete with rivals in other countries such as Thailand, according to the Việt Nam Sugar and Sugarcane Association.

Kaspersky Lab said in the first quarter of 2018 its anti-phishing technologies prevented more than 3.6 million attempts to visit fraudulent social network pages, 60 per cent fake Facebook pages.

There are huge opportunities across ASEAN for mergers and acquisitions in almost every sector, particularly in Việt Nam, though challenges remain like regulatory hassles and how to add value to companies after inking an deal, experts told a seminar on M&A in HCM City on Friday.

Việt Nam is working hard to build a constructive and upright Government to serve people and businesses, while focusing on developing innstitutions, improving governance capacity and bringing more opportunities to all enterprises, including investors from Europe, said Prime Minister Nguyễn Xuân Phúc at the “Meet Europe 2018” conference in Hà Nội on Friday.

Volatility on Việt Nam’s stock market in the past two months has dragged down the performance of foreign investment funds here.

The National Payment Corporation of Việt Nam (NAPAS) recently completed the building of a standard set for domestic cards, according to State Bank of Việt Nam (SBV).