Việt Nam News

Việt Nam has great potential in renewable energy, but the Government should have suitable mechanisms and policies to encourage investment in the field, a seminar heard in HCM City yesterday.

Domestic companies have not taken full advantage of the incentives offered by preferential tariff policies for Vietnamese firms to sell products to South Korea, according to the deputy director-general of the Asia-Pacific Market Department under the Ministry of Industry and Trade (MoIT). 

Unitel, a joint venture between Vietnamese telecom giant Viettel Group and Laos Asia Telecom, seeks to increase its turnover by 10 per cent to US$165 million this year.

In order to inform local firms looking to enter or have entered the New Zealand and Australian markets, the Asia-Pacific Market Department (APMD) under the Ministry of Industry and Trade (MoIT) held a conference yesterday on the Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA), with the intention of boosting Vietnamese exports into this region.

The Government needs to be aware of the pros and cons of the Internet of Things (IoT) and Smart Cities, establishing a strategic roadmap for the development to complement the national ICT roadmap.

Vietnamese shares rose on both local exchanges on Friday, led by the finance-banking sector after Asia Commercial Bank released its second-quarter earnings report.

An international seminar on information safety is scheduled to take place in Hồ Chí Minh City on November 17 and in Hà Nội on December 1 on the occasion of Việt Nam Information Safety Day.

The export value of farming, forestry and aquatic products gained a year-on-year increase of 14.7 per cent, to US$20.45 billion, in the first seven months of this year, according to the Ministry of Agriculture and Rural Development.

The Ministry of Information and Communications is developing a draft circular on information services via mobile telecommunication network, reported the Vietnam News Agency.

A new decree will help improve the quality of corporate governance in public companies and benefit small, individual investors, a senior official said yesterday.

Despite being allowed to charge on-net fees for automatic telling machine (ATM) transactions, some commercial banks have recently applied the exemption to on-net money withdrawal and account transfer to attract new customers and develop the retail banking segment.

W.C.G Worldwide Holdings Inc, a property developer from the UK, plans to spend GBP5 billion (US$6.6 billion) to build a resort area in the southern province of Bà Rịa-Vũng Tàu’s Xuyên Mộc District.

South Korea has surpassed the US, the European Union and ASEAN for the first time to become Việt Nam’s second-largest trade partner, after China.

Việt Nam needs to raise policies to boost digital economy, a stimulator to generate added value and breakthroughs for sustainable development, experts have said.

Việt Nam imported 3.53 million tonnes of corn in the first half of this year, up 5.6 per cent over the same period last year, according to the Crop Production Department.

The Government’s recent decision on the restructuring of credit institutions ensures that State-owned banks listed on the market no longer have to worry about dividend payout in cash, experts said.

Fourth generation (4G) mobile phone services are expected to see a strong development in the country this year, accelerating the completion of national programmes such as e-Government, Smart City and Smart Agriculture, said Phạm Hồng Hải, deputy minister of Information and Communication (MIC).

Việt Nam attracted US$21.93 billion in foreign direct investment (FDI) during the first seven months of this year, a surge of 52 per cent year-on-year, according to the latest Foreign Investment Agency statistics.