Việt Nam News

The fourth industrial revolution is an important opportunity that Việt Nam must quickly take advantage of in order to accelerate the process of industrialisation and modernization, towards its goal of becoming a modern industrial country, said Hồ Thị Kim Thoa, Deputy Minister of Industry and Trade.

The 27^th Việt Nam Expo, scheduled to take place April 19-22 in the capital city, assumes added significance given the “special context” in which it is happening, organisers say.

In the next round of equitisation, State capital must be sold faster, at higher value, and the enterprises’ corporate governance must further improve, Deputy Prime Minister Vương Đình Huệ has said.

Vietnamese handicraft firms need to make greater efforts to meet the requirements of foreign buyers, said participants at a seminar in HCM City yesterday.

Outstanding farmers in HCM City and many other provinces are showcasing their products at a fair that opened at Lê Văn Tám Park in the city’s District 1 on Monday.

The VN-Index closed at 731.3 points yesterday, up 0.2 per cent over Monday’s level and a record high since February 20, 2008. Shares rose on both national exchanges, but a correction is looming as the benchmark index continued to set new peaks. The key index has expanded roughly 10 per cent this year.

Moody's Investors Service on Monday assigned first-time ratings and assessments to the Orient Commercial Joint Stock Bank (OCB).

Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) is expected to trade on the HCM Stock Exchange in the third quarter of 2017.

The Ministry of Transport has approved Uber Việt Nam’s pilot project of applying technology in managing and connecting under-contract passenger transportation.

As of March, investors from the European Union had injected more than US$21.56 billion into 1,959 projects in Việt Nam, accounting for 7.2 per cent of total foreign direct investment and 8.5 per cent of projects registered in the country.

Officials of the Mekong Delta city of Cần Thơ introduced the local potential and advantages to French companies and called for investment, especially in agriculture, during a meeting on Monday.

The Tân Cảng Cái Mép-Thị Vải port in the southern province of Bà Rịa-Vũng Tàu successfully received a 160,000-tonne container ship on Monday.

Việt Nam catfish processors must prepare for the inspection programme of the US Department of Agriculture (USDA) in order to boost exports into this market.“If Vietnamese producers can meet USDA’s requirement, a huge market in the US awaits them,” according to a recent article on  seafoodsource.com.

The Finance Ministry also explained at Monday’s meeting its proposal to increase the environmental protection tax on petroleum consumption from the current VNĐ1,000-4,000 to VNĐ3,000-8,000 per litre.

Budget revenues were estimated at VNĐ280.9 trillion (US$12.4 billion) in the first quarter of this year, up 15.2 per cent compared to the same period in 2016 and meeting 23.2 per cent of the annual estimate, the Ministry of Finance (MoF) said yesterday. 

Sand prices have soared over the past few days, following the Government’s order to tighten supervision of sand mining, though speculation is more likely to be blamed for the price jump.

Asia Commercial Bank (ACB) hoped to complete the handling of bad debts caused by six companies of  former banking tycoon Nguyễn Đức Kiên by the end of this year, it said at the annual shareholders meeting on Monday.

The fluctuation of foreign exchange in the first quarter was due to a sharp rising import value, according to the National Financial Supervisory Commission (NFSC).