Exchange rates stable despite Fed rate hikes

The VNĐ/USD exchange rates saw little changes this morning although the US Federal Reserve (Fed) raised interest rates on Wednesday on the confidence in a growing economy and strengthening job market in the world’s biggest economy.

VNA signs agreement on cyber security

The national carrier Vietnam Airlines signed an agreement with the Ministry of Public Security’s Department of Cyber Security, marking their co-operation on ensuring security and safety of information system on Tuesday.

MPI minister explains on public investment

Minister of Investment and Planning (MIP) Nguyễn Chí Dũng yesterday started answering questions on issues related to the mobilisation of capital sources from the society for development investment, the allocation and notification of investment plans with capitals extracted from the State budget.

HCM City eyes taxes Facebook tax

The HCM City Department of Taxation has sought a report from its offices by the end of this month on their implementation of its instruction to collect taxes from people selling merchandise on Facbook.

As highlands pepper prices fall, farmers hold out

Within the last ten days, pepper price has fallen from an already low VNĐ82,000 (US$3.65) to VNĐ72,000 ($3.21) per kilogramme, much to the chagrin of pepper farmers in Central Highlands provinces; yet they seem unfazed and continue to hold out for higher prices.

VN boosts aquaculture training

The Việt Nam Chamber of Commerce and Industry’s HCM City branch (VCCI HCM) and the Confederation of Norwegian Enterprise (NHO) yesterday (June 14) began a two-year programme for improving the quality of vocational training in aquaculture.

VN looks to improve bidding transparency

The grievance handling mechanism in bidding needed to be renovated to ensure transparency and keep pace with the country’s rapid international integration, according to Deputy Minister of Planning and Investment Đào Quang Thu.

Stocks rise further on banks

Vietnamese stock indices ended on a positive note on Wednesday, led by banks, insurance companies and agriculture firms on positive market information.

Việt Nam’s path to emerging market status

Vũ Chí Dũng, director of the International Co-operation Department of the State Securities Commission (SSC), discussed the need of the upgrade of the Vietnamese stock market to the emerging status and obstacles of this process on the Economic Focus news on Vietnam News Agency Television Centre (VNews).

 

MoIT drops ball on draft car recall decree

The draft decree on conditions for auto manufacturing, assembling, importing, and maintenance and warranty business recently publicised by the Ministry of Industry and Trade (MoIT) is stirring up concerns in general public and industry insiders.

CBS to be listed on UPCoM

The Cao Bằng Sugar JSC (CBS) is set to have its shares listed on Hà Nội Stock Exchange’s (HNX) Unlisted Public Company Market (UPCoM) on June 20, 2017 with 2.52 million common stocks under the stock code CBS at VNĐ10,000 (US$0.44) per share.

Foreign investment: what you need to know

When making an investment in Vietnam, foreign investors must study the feasibility of the project based on various factors. One of them is that the investor must make sure if the business sectors they plan to operate in are permitted by the laws of Vietnam or satisfy regulatory conditions and requirements.

Seminar discusses furniture exports to EU

Once the EU-Việt Nam Voluntary Partnership Agreement on Forest Law Enforcement, Governance and Trade (VPA-FLEGT) comes into force, there will be opportunities for Việt Nam to export more wooden products to Europe and other markets, delegates told a seminar in HCM City on Tuesday.

Sustainability Reporting Standard launched

The HCM Stock Exchange on Tuesday introduced the GRI Sustainability Reporting Standards and encouraged companies to use this reporting framework to strengthen their credibility, as well as contribute to promoting the green capital market.

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