Việt Nam News

At the 2017 Vietnam Business Development Forum (VBDF) held yesterday, economic experts indicated the private sector was becoming more crucial in attaining the national economic growth, but could only progress further with the right incentive and support from the government in promoting equal opportunities across different sectors.

The fifth seeds exhibition opened today in HCM City with over 350 booths set up by business groups, research institutes, schools, farms, co-operatives and businesses from around the country.

The SFCO2 service contract spans five years, starting in 2017, and covers the entire fleet of the HCM City-based airline. It will help Vietjet improve its operational efficiency by reducing fuel consumption and CO2 emissions.

 Sungroup plans to open its luxury resort complex Sun Premier Village Hạ Long Bay at Wyndham Legend Halong Hotel in the Northern Province of Quảng Ninh on July 1.

The Southern Power Corporation of the Electricity of Việt Nam (EVN SPC) has begun using 19 110kV power lines, built at a cost of VNĐ2.63 billion (US$115.8 million), this year.

The International Finance Corporation (IFC), a member of the World Bank Group, has helped Vietnamese garment-textile outsourcers save over 20 per cent of water and energy consumption.

Quảng Ninh Province's gross regional domestic product (GRDP) expanded by 9.6 per cent in the first half of this year against 9.2 per cent in the same period last year.

Google and Singaporean sovereign fund Temasek have forecast the Vietnamese online tourism services market to be worth US$9 billion by 2020, and said local companies should work quickly or risk losing the market to international companies.

Policies continue to discourage the production and trade of local agricultural products, research findings by the Institute of Policy and Strategy for Agriculture and Rural Development show.

The Government’s Resolution 19 on improving the business climate and national competitiveness passed four years ago has helped improve the business environment significantly, but there remain shortcomings in its enforcement, especially in terms of specialised inspections at the customs sector.

Prime Minister Nguyễn Xuân Phúc has asked Electricity of Viet Nam (EVN) to clarify some issues, especially the results of its restructure. The message was conveyed on Wednesday by a working group led by the Government Office Vice Chairman Nguyễn Cao Lục.

The National Assembly on June 12 passed the Law on Support for Small- and Medium-sized Enterprises (SMEs). The law will take effect from January 1, 2018.

The law is expected to bring big advantages to SMEs in their production and business and implement well support activities for the enterprises.

Deputy minister of planning and investment Đặng Huy Đông told to Đầu tư newspaper about those issues.

Shares declined for the first time in the last three days as banks lost momentum on Wednesday on rising profit-taking pressure after a long rally.

Ten branches of the Fivimart supermarket chain have displayed Thai commodities as part of the “In-store Promotion for Thai Products 2017 in Hà Nội” programme lasting from June 22 to 25.

Stronger export growth and a continued rise in investment suggest Việt Nam’s GDP growth will go back above 6.5 per cent in 2017, after a slowdown to 6.2 per cent in 2016.

As many as 13,422 Facebook account holders are conducting trading activities through this social network, the Hà Nội Taxation Department announced on June 20.

The transport ministry on Tuesday clarified on its website that it has not issued any instructions to stop the pilot implementation of passenger e-hailing projects such as Grab and Uber.

Thuận Hòa Hydropower Joint Stock Company and Hà Giang Province’s People’s Committee has jointly inaugurated a power plant on the Miện River.