Samsung ups localisation rate to 57%

The Samsung Việt Nam has recorded the significant breakthrough in raising the localisation rate of products from 35 per cent in 2014 to 57 per cent at present, heard attendants at the “Samsung Sourcing Fair 2017”.

Major energy firms woo investors

Representatives of the PetroVietnam Securities Incorporated (PSI) and the Vinacomin Power Holding Corporation told an investors’ conference on Wednesday that they were encouraged by investors’ interest shown in purchasing Vinacomin shares.

VN Index drops after two-day rise

Việt Nam’s benchmark VN Index retreated from a two-day increase as large-cap stocks were brought down by profit-taking pressure.

Banks cut short-term deposit rates

After two weeks of lowering lending interest rates for short-term đồng loans following the central bank’s cue, several commercial banks have reduced their deposit interest rates.

Petrolimex to launch non-cash payment service

Domestic ATM card holders of 41 banks, which are members of the National Payment Corporation of Việt Nam (NAPAS), can pay money by card when they make transaction at the Việt Nam National Petroleum Group (Petrolimex)’s petrol stations nationwide from August 1.

Speed up investment disbursement: PM

Prime Minister Nguyễn Xuân Phúc has asked authorities to take more drastic measures to rectify the late disbursement of investment capital for public projects, given that less than one-fourth of the funds has been disbursed.

City, Lotte ink smart city deal

The HCM City People’s Committee and Korean conglomerate Lotte Group on July 25 signed a contract on the construction of the Thủ Thiêm Eco Smart City in District 2.

Taiwan Expo 2017 features green tech

Taiwan Expo 2017, which opened on July 26 at the Saigon Exhibition and Convention Centre in District 7, offers opportunities to explore partnerships between enterprises of Taiwan and Việt Nam in many fields, including healthcare and business production.

 

 

Balanced budget the long-term goal: Minister

State Budget revenues falling short of the half-way mark in the first six months of the year is a normal feature of the domestic economy and does not preclude meeting the annual target, Finance Minister Đinh Tiến Dũng tells Việt Nam News reporter Nguyễn Linh Anh.

VN shares rise for a second day

Vietnamese shares rose for a second session on Wednesday on both local exchanges with investors picking up stocks on expectations of future market prospects.

Ministry proposes tax cut to boost cement export

The Ministry of Planning and Investment has proposed export tax cuts on cement while local producers are struggling with high stockpiles as supply has exceeded demand in the domestic market.

Vietnamese hospitality wins big

Locals being granted permission to gamble at domestic casinos has given Việt Nam’s growing hospitality industry an added boost, according to JLL experts.

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