Việt Nam News

The Government is going to propose that the National Assembly formulates a separate law on settling bad debts to facilitate economic restructuring, Deputy Prime Minister Vương Đình Huệ said on Thursday.

Executives from 27 companies based in South Korea’s Gyeongsangbuk-do Province met with their counterparts in HCM City yesterday to explore business opportunities.

Moody’s has forecast that the Vietnamese banking system will remain stable in the next 12-18 months, reflecting its expectation that the country’s macroeconomic stability will support the banks’ weak credit profiles.

A new oil field was discovered in Việt Nam’s continental shelf by  the Russia- Việt Nam oil and gas exploration joint venture, Vietsovpetro, on November 30, 2016.

Euro Auto, the official BMW importer in Việt Nam, has denied Government accusations of trade fraud, saying it had obeyed the law and protected customers’ rights and interests.

Consumer spending in November posted a significant year-on-year increase as the Tết (Lunar New Year) holiday neared.

Nova Land Investment Group Corporation (Novaland) has filed for domestic listing on the HCM Stock Exchange (HoSE), the southern stock exchange said in a statement on Wednesday.

Geographical markers are going to be a crucial factor in the effective branding of Vietnamese products in a market economy on the verge of comprehensive global economic integration, a senior official said yesterday.

Deputy Prime Minister Trương Hòa Bình has ordered ministries to constantly review laws and regulations on trading to consolidate the legal framework for the fight against fake goods.

Oil and gas stocks lifted the market yesterday as global oil prices surged after the Organisation of Petroleum Exporting Countries (OPEC) members finally reached a consensus on production cut. However, persistent net selling by foreigners continued to weigh on the market.

Cooking gas price for HCM City and other southern provinces will drop by VNĐ2,500 (US$0.1) per 12kg canister in December compared with the previous month.

Minister of Information and Communication Trương Minh Tuấn visited France from November 26 to 29, aiming to strengthen cooperation between Việt Nam and France in information technology and communications.

Once the 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 new markets as well as get higher prices, according to the EU Delegation to Việt Nam.

The Vietnam International Trade Fair (Vietnam Expo) opened yesterday (Nov. 30) in HCM City with 520 companies showcasing their products at nearly 600 stalls.

Lending of the banking sector as of November 22 had expanded by around 14 per cent against December last year, with đồng loans rising 15.3 per cent and foreign currency loans increasing 2.8 per cent, State Bank of Việt Nam Deputy Governor Đào Minh Tú reported.

As many as 18 banks and credit organisations agreed to implement a cashback policy to customers joining in Online Friday 2016 on December 2.

Việt Nam’s services market is significantly open to foreign investments under the commitments to the Trans-Pacific Partnership (TPP) and the European Union-Việt Nam Free Trade Agreement (EVFTA),

Shares rebounded yesterday on the two exchanges after a four-day losing run as low stock valuations stimulated risk appetites and foreign investors started to buy back local shares after nine consecutive net selling streak.