Việt Nam News

Credit organisations in Đồng Nai Province have mobilised VNĐ153 trillion (US$6.8 billion) in deposits from early this year till date, which is 23 per cent higher than at end-2015.

The Bình Thuận Wind Power Association has asked the Ministry of Industry and Trade to raise the selling price of wind power to US$9.5-10 cents per kWh, up from the current $7.8 cents.

The Russia - Việt Nam oil and gas exploration joint venture, Vietsovpetro, announced completion of the initial drilling and perforation on their Thiên Ưng gas field on December 6, 2016.

An Asia-Pacific Economic Cooperation (APEC) dialogue with businesses was held in Hanoi on December 8 with the theme “Creating new dynamism for growth and integration.”

Two Việt Nam-Korea joint committees met in Seoul to promote bilateral trade and investment.

Prime Minister Nguyễn Xuân Phúc yesterday urged ASEAN countries to take measures to facilitate cross-border trade and investment while warning the re-emergence of protectionism.

Deputy PM Vương Đình Huệ is pushing for establishment of a committee under the Government to manage an estimated VNĐ5 quadrillion (US$223 billion) worth of capital at State-owned enterprises (SOEs).

The public is interested in developments in the gold market and in how regulators are dealing with them after gold prices rose higher against international levels recently. Nguyễn Ngọc Cảnh, Director of the State Bank of Việt Nam’s (SBV) Foreign Exchange Management Department talks to Vietnam News Agency reporter Đỗ Huyền about the issue.

Shares rose for a second day on the HCM Stock Exchange yesterday, propped up by recovery of large-cap shares, while continuous foreign sells keep threatening market stability.

Việt Nam’s potential for e-commerce development in the retail sector could achieve a $10-billion revenue by 2020, accounting for half the country’s total retail sales. 
 

Nearly half of small- and medium-size enterprises (SMEs) in the Asia- Pacific region say that their revenue from intra-regional exports will grow over the next 12 months by an average of 22 per cent, according to a global research survey conducted by FedEx Express.  

Two beverage companies controlled by Thai business magnate Charoen Sirivadhanabhakdi registered to buy 38.2 million shares each of dairy firm Vinamilk on December 7.

Vietnamese enterprises have become free from US anti-dumping duties on Circular Welded Carbon-Quality Steel Pipe (CWP) in the US market, the Vietnam Competition Authority said.

Irrecoverable tax debts were estimated to total more than VNĐ15 trillion (US$669.6 million) as of October 31, rising by 1.4 per cent over the end of last year, the General Department of Taxation said.

A recent report of the Việt Nam Chamber of Commerce and Industry (VCCI) shows free trade agreements will little impact on the country’s enterprises, however, many are against the result.

The Co.opmart supermarket chain will stock two to four times more essential goods for Tết (Lunar New Year) next year compared to this year.

The 11^th Việt Nam International Exhibition on Industrial Machinery Equipment, Material and Products (Vinamac Expo 2016) opened in HCM City yesterday.

Jaruwan Suwannasat, director of TCEB Exhibitions and Events and Supat Sriwannavit, president of the Associations of Thai Lifestyle Products Federation, tell Việt Nam News that Vietnamese firms stand to gain a lot from participating in Thai trade fairs.