Việt Nam News

Vietsovpetro, a joint Vietnamese-Russian oil and gas enterprise on May 7 began operating the Thỏ Trắng 03 oil rig (White Rabbit) at well 37P offshore of the southern province of Bà Rịa-Vũng Tàu, 13 days ahead of schedule.

The Embassy of Việt Nam in Indonesia and the Indonesia – Việt Nam Friendship Association (IVFA) jointly organised a forum to connect the two nations’ enterprises in Jakarta, Indonesia on Monday.

Commercial banks take efficiency into consideration when providing loans for high-tech agriculture projects, an official from the State Bank of Việt Nam (SBV) said.

An upcoming G2B (Government to Business) conference will target creating favourable conditions for business growth, not merely on solving existing problems facing enterprises, a senior official said yesterday.

The central province of Thừa Thiên – Huế aims to attract around US$300-400 million in foreign direct investment (FDI) this year, according to the province’s recent investment promotion plan.

A HCM City programme to trace the origin of pork products that began four months ago has not met the expectations of its managers, according to the Department of Industry and Trade.

Rising sea levels have exacerbated saline intrusion and coastal erosion in Việt Nam, but farmers can make the best out of a bad situation by shifting from agriculture to aquaculture, raising brackish water shrimp.

Recent returns have shown that investments in pre-listing companies promise big gains for investors who make bets on the firms with impressive business results and clear listing plans.

The US Department of Commerce (DOC) was rescinding the administrative review of the anti-dumping duty order on steel wire garment hangers from Việt Nam, said Việt Nam Competition Authority (VCA) under the Ministry of Industry and Trade.

The military-run mobile carrier Viettel is planning to expand its investments to Indonesia and Nigeria, two countries with large populations, group leaders told the annual general meeting of Viettel Global, a subsidiary of the Viettel Group.

Shares dropped on both local markets on Monday as investors switched investments from large-cap stocks to mid- and small-cap ones, putting blue chips into negative territory.

The Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) on Saturday announced on its website that the bank would revise its plan to apply new online banking security regulations.

Moody, one of the world’s leading credit ratings agencies, has upgraded the credit rating outlook of the Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) local currency deposits and issuer ratings to “positive”, from its previous level of "stable".

An international clients conference for the cashew industry will be held in southern Bình Phước Province next week to provide an opportunity for cashew farmers, processors and traders to exchange information and explore business opportunities with local and foreign partners.

The Ministry of Agriculture and Rural Development and the Norwegian Embassy organised a business seminar on sustainable aquaculture in Cần Thơ Province on Saturday.

The Ministry of Agriculture and Rural Development (MARD) has approved a project to increase competition in the seafood sector with financial supports from the State budget, international organisations and businesses.

Việt Nam’s exports of marine aquaculture produce is expected to reach US$12-13 billion by 2020 and $30-35 billion by 2030, according to the Việt Nam Sea Culture Association.

It is the bank shareholders meeting season, and topping the agenda, besides the dividend payout ratio, is increasing their regulatory capital.