Việt Nam News

APEC’s vision is to lead the world in unleashing the potential of the digital and internet economy and support an accessible, open, interoperable and secure ICT environment for e-commerce to foster economic growth and prosperity, the APEC Electronic Commerce Steering Group (ECSG) said on Wednesday in HCM City.

The Mekong Delta province of Hậu Giang is actively attracting investors and creating optimal conditions for investors to implement their projects in the province.

The One Commune One Product (OCOP) agriculture trade fair will open on September 1 in the northern province of Quảng Ninh to promote local agricultural and tourism products in a bid to fully tap local potential for economic development.

Average interest rates will decrease slightly in the second half of this year, market research firm Market Intello forecast.

The Government has called for faster than targeted credit growth in pursuit of this year’s GDP goal of 6.7 per cent. However, experts have some concern that this would exert more pressure on the central bank to ensure macroeconomic stability and efficiency of credit growth.

Unresolved issues in Viet Nam’s regulations and the business environment have resulted in relatively low FDI inflows from US and European multinational companies, experts say.

Prime Minister Nguyễn Xuân Phúc has asked all ministries, departments and provinces to promote growth by easing the hurdles that businesses face and by helping cut down their bureaucratic expenses.

Deputy Prime Minister Vương Đình Huệ has approved a list of 406 State-owned enterprises (SOEs) marked for divestment from now until 2020.

Việt Nam’s benchmark VN Index extended its loss for a second straight session on Tuesday as investors remained pessimistic over trading conditions.

Fifty delegates from APEC member-economies took part in a workshop on Traffic Light Score Methodology that began in HCM City yesterday.

Ensuring that rules of origin (ROO) are kept “simple and more business-friendly” will enhance trade among APEC economies, experts said at a workshop held in HCM City on Tuesday.

The US Department of Commerce (DOC) on Monday announced the postponement of preliminary determinations of antidumping duty investigations on tool chests and cabinets imported from Việt Nam and China from October 1, 2016 through March 31, 2017.

Indirect investment from Japan into Việt Nam remain relatively modest compared to the potential of Japan and the ability to absorb investment capital sources of Vietnamese market, finance minister Đinh Tiến Dũng said.

The Ministry of Transport will increase service charges at airports to compensate for investment costs of the airport system and raise service quality.

The latest addition has brought the country’s total trade deficit from the start of the year to mid-August to around US$2.45 billion, equivalent to 2 per cent of the total import-export turnover.

Việt Nam Asset Management Company (VAMC) on Monday conducted its first confiscation of an asset mortgaged for a non-performing loan based on a newly-issued resolution.

The Ministry of Planning and Investment (MPI) has proposed major incentives including prolonged income tax exemptions for businesses and individuals working in special economic zones in three provinces.

Promoting trade and investment and reforming the investment climate in APEC member economies were discussed at the Investment Experts’ Group (IEG) meeting held in HCM City yesterday as part of the ongoing third APEC Senior Officials’ Meeting and related meetings.