NA action on debt pushes market up

Shares advanced on Monday on strong support from the banking sector following the information that the Government submitted a resolution on bad debt to the National Assembly.

Bad debts at $7b until March 31

Total non-performing loans (NPLs) of the entire credit institutions (CI) system until March 31, 2017 were VNĐ160 trillion (US$7 billion).

Quảng Ngãi wants $4.25b of investment

Prioritised sectors for investment include processing, supporting industry, urban and IZs infrastructure development, sea ports and maritime services in addition to high-tech agriculture, tourism and services.

 

Viglacera begins apartments for workers

State-owned glass and construction ceramic corporation Viglacera started constructing a complex of apartment blocks for workers at Đồng Văn 4 industrial park in Hà Nam Province on Friday.

Foreign cafes’ struggle in Việt Nam

Australian-owned Gloria Jean’s Coffees recently decided to close its last store in Việt Nam, ending a 10-year stint in Hồ Chí Minh City and Hà Nội due to slow expansion, high rents and an unsuitable business model.

Vissan buys more pigs to support farmers

To reduce oversupply and help farmers, Vissan Co. Ltd will buy and slaughter an additional 200 to 300 pigs a day, raising the company’s additional purchases over the normal number to 500-600 pigs a day.

Shrimp value chain a must: Experts

Việt Nam needs to develop an equitable and sustainable shrimp production chain, Đinh Xuân Lập, Deputy Director of the International Collaborating Centre for Aquaculture and Fisheries Sustainability (ICAFIS), said.

Petrol prices continue to decrease

Prices of oil and petrol products continued to decrease from 3pm on Saturday, following the latest price adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

APEC ministers pledge free trade

Trade representatives of the 21 Pacific Rim countries, meeting this weekend in Hà Nội, reaffirmed their commitment to support free and open trade and pledged to fight all forms of protectionism.

APEC trade ministers seek deeper cooperation

Trade ministers from the 21 Pacific Rim countries gathered during a major trade meeting on Saturday in Hà Nội to discuss future plans for regional trade co-operation amid growing fears of protectionism, as well as changes in politics, economies and technology.

VN financial inclusion focuses on tech

Financial inclusion has been an accelerating global phenomenon recently, with financial services being  provided at affordable costs to disadvantaged and low-income segments to increase earnings, alternate social capital flow and promote economic growth, a conference heard on May 19 in HCM City.

APEC economies discuss innovation

Representatives from 21 member economies of the Asia-Pacific Economic Co-operation (APEC) have shared their experiences in promoting trade and innovation, as well as exploring activities that APEC can undertake to boost innovative growth in the region.

Customs to cut clearance time

The customs authority has striven to shorten the time for carrying out customs clearance of goods across borders to 70 hours for export goods and 90 hours for import goods by the end of this year.

Dung Quất Refinery plans for IPO

Việt Nam's first oil refinery operator Bình Sơn Refinery and Petrochemical Co Ltd (BSR) has planned its domestic initial public offering (IPO) with 5-6 per cent of its capital in the fourth quarter of the year.

Sustainable productivity key to survival: APO

Sustainable productivity is the only way for the world to deal with changing business models driven by fast changing technologies, according to the Asian Productivity Organisation.

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