Việt Nam News

The packaging industry for processed food in Việt Nam will grow by 38 per cent between 2015 and 2020, while the demand for machinery and materials will also increase by 25 per cent.

Steel imports from India posted a whopping increase in the first six months of this year, customs' statistics revealed.

Prime Minister Nguyễn Xuân Phúc has urged the State Bank of Việt Nam (SBV) to take more comprehensive and bold measures to boost credit growth and reduce interest rates.

The Hà Nội’s People Committee asked the municipal transport department to research ban carpooling services for contracted cars.

The State Bank of Việt Nam (SBV) unexpectedly resumed the issue of central bank bills worth VNĐ8 trillion (US$350.9 million) this week, a move aimed at increasing the nation’s foreign exchange reserves.

Although Viet Nam is a relative late comer to the Fourth Industrial Revolution, it can be confident of catching up if it adopts correct policies and measures, Nguyễn Anh Tuấn, CEO of the Boston Global Forum, told the Việt Nam CEO summit in Hà Nội yesterday.

Việt Nam’s development strategy for the auto industry involves facilitating investors’ engagement in the effort, Prime Minister Nguyễn Xuân Phúc said yesterday.
 

The Vietnam Electricity (EVN) announced a significant increase in production for the first six months of 2017, as their total electricity input and output reached 94.9 billion kilowatts, up by 7.23 per cent from the same period in 2016.

Việt Nam has been ranked 101 out of 193 countries with a score of 0.245 in the Global Cybersecurity Index 2017 (GCI-2017).

Shares slowed their decline yesterday as banks recovered, but the market is still exposed to short-term downward corrections on rising investor caution.

The State Securities Commission of Việt Nam (SSC) terminated the operations of 28 securities companies, approved the dissolution of five companies, merged eight companies and withdrew the brokerage business of 13 companies in the first half of this year.

The Airports Corporation of Vietnam (ACV) plans to undertake projects on upgrading infrastructure of major airports with total investment capital of more than VNĐ6 trillion (US$263.38 million).

Authorities of HCM City plan to develop projects to build apartments with prices at under VNĐ1 billion (US$43,898) per unit for employees located in the city.

IFC, a member of the World Bank Group, recently approved a convertible loan of US$57 million to Việt Nam Prosperity Joint-Stock Commercial Bank (VPBank).

Inter-bank lending interest rates have slipped to an eight-month low in the wake of the central bank’s recent policy rate cut.

Việt Nam’s stock market will rise higher in the second half of 2017 provided macro-economic conditions remain positive as they were in the first half, experts have said.

Việt Nam must reach crude oil stock levels that are equal to no less than 90 days of net imports following International Energy Agency (IEA)’s criteria by the year 2020.

The total premium collected by insurance companies in Việt Nam in the first half of 2017 has grown 21 per cent year-on-year to VNĐ47.17 trillion (US$1.8 billion).