Việt Nam News

Việt Nam will improve the competitiveness of major export products to boost export value in line with the country’s economic restructuring and renovation of the growth model, according to a decision recently issued by the Prime Minister.

The Ministry of Industry and Trade (MoIT) last week issued Decision No. 3044/QĐ-BCT to apply safeguard measures on some DAP and MAP fertiliser products imported into Việt Nam.

Local authorities will create as favourable conditions as possible for investors to implement projects in the district.

Việt Nam’s booming stock market, recognised as one of the best performers in the world, has raised the value of many securities firms.

Shares continued rising in early August but observers are predicting a slowdown in the short term as shares have become expensive and exposed to profit-taking risk.

Deputy Prime Minister Trịnh Đình Dũng has approved the proposal to build a coal shipment port in the southern region.

The General Department of Taxation has ruled that from 2018, firms will have to obtain their invoices from the department instead of printing them on their own.

Southern provinces and cities will strive to achieve total retail sales and services revenue of more than VNĐ2,075 trillion (US$91.4 billion) this year, a year-on-year increase of 11.5 per cent, and total export revenue of $104.9 billion, up 11.6 per cent over last year, officials said at a meeting in HCM City last Friday.

At its third session the 14th National Assembly passed a resolution to trial various policies on bad debt settlement and the handling of secured assets for bad debts of credit institutions, branches of foreign banks and State-owned organisations to speed up the settlement of bad debts, which are acting as speed bumps in the banking sector’s development.

Vina T&T Import – Export Service Trading Co Ltd last week exported its first batch of fresh coconuts to the US, which is considered to be a difficult market.

The Vietnam National Oil and Gas Group (PetroVietnam), or PVN, produced 9.23 million tonnes of oil in the first seven months of this year, exceeding the target set for the period, said the group’s CEO Nguyễn Vũ Trường Sơn.

State budget total collection in the first seven months of this year was estimated at VNĐ666.68 trillion (US$29.36 billion), an increase of 11.6 per cent over the same period last year.

The giant of telecom in Việt Nam, Viettel, has achieved major success after 10 years of investment in foreign countries, including ASEAN. On the occasion of ASEAN’s 50th anniversary, Lê Đăng Dũng, Viettel’s Deputy General Director talks with Việt Nam News reporter Vũ Hoa about the group’s contributions to their overseas markets in general and the regional community in particular.

Nguyễn Thị Phương Thảo – Vietjet Air

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Phạm Nhật Vượng - VinGroup

Mai Kiều Liên - Vinamilk

According to the recently issued Decision 1381/QĐ-BTC by the Ministry of Finance (MoF), firms operating in Việt Nam with foreign direct investment (FDI) will be subjected to regular and sudden examinations by appropriate Vietnamese authorities of both their physical and financial assets.