Vietnamese private rice exporters will be allowed to participate in the bidding for the supply contract of 250,000 tonnes of rice to Philippines on July 25.

World Bank on Thursday released its bi-annual report on Việt Nam’s economy, keeping its country GDP forecast of 6.3 per cent this year following an economic bounce in the second quarter.

Urbanisation brings rural consumers, accounting for 68 per cent of the country’s 90 million people, closer to their counterparts living in towns and big cities and to a diversified media world, according to Nielsen’s recent Rural Mythbuster study.

The Italian Trade Agency, the National Association of Manufacturers of Footwear, Leather Goods and Tanning Technologies and the Việt Nam Leather, Footwear and Handbag Association (LEFASO) inaugurated the Italy-Việt Nam Footwear Technology Centre at the Lefaso Centre in Bình Dương Province’s Dĩ An District on July 12.

The Việt Nam National Oil and Gas Group (PetroVietnam or PVN) is striving to fulfil the target of exploiting 13.28 million tonnes of crude oil and 10.61 billion cu. m of gas in 2017.

The Korea Institute of Industrial Technology (KITECH) and the Việt Nam Textile and Apparel Association (VITAS) on Thurday held a conference to promote smart manufacturing for Viet Nam’s textile industry.

Shares extended gains for a third session on both local exchanges on Thursday, driven by investors’ purchasing large-cap stocks.

Việt Nam and Turkey agreed on Thursday to strive for a surge in two-way trade - from the current level of US$725 million to $4 billion by 2020.

Recent gains in the volume and value of rice exports can be attributed more to low prices than to better quality or greater market penetration, experts say.

Argentina remained the country’s leading source for animal feed and feed materials, the General Department of Customs said. 

Cam Ranh International Airport Services Joint Stock Company sold out successfully all its 1.45 million shares at an auction on the Ha Noi Stock Exchange (HNX) on Wednesday.

The price of refined iron ore is 200 times more expensive than the raw iron ore for exporting, therefore, reducing the export tax on raw iron ore is unreasonable and discouraging investments in ore sorting technology, according to the Ministry of Finance (MoF).

Deputy Prime Minister early this week signed a decision to approve the plan of arranging enterprises under the State Capital Investment Corporation (SCIC) by 2020.

Commercial banks who have cut interest rates for short-term lending following the State Bank of Việt Nam’s cue might suffer a further decline in the net interest margin (NIM), experts said.

As many as 180,079 documents of 12,683 businesses were processed through the national one-stop-shop (OSS) mechanism by the end of June 2017, representing year-on-year rises of 107 per cent and 70 per cent, respectively.

Việt Nam’s stock exchange is poised to take its next step forward with the opening of the derivates market next month. This is expected to help investors hedge against risks and increase their confidence in the local securities market. Nguyễn Thành Long, Chairman of the Hà Nội Stock Exchange, speaks to Vietnam News Agency about the market’s preparations and expectations.

Việt Nam is expected to export 320,000 tonnes of cashew for a value of US$3.3 billion this year, of which a reduce of 9.17 per cent in volume and an rise of 5 per cent in value over last year, according to the Việt Nam Cashew Association.

The Vietnam Trade Information Portal (VTIP) was officially launched yesterday by the General Department of Vietnam Customs (GDVC) with the help of the World Bank (WB), in order to provide the business community with a reliable one window information source on the relevant legal regulations and categorisation for both export and import purposes.