Việt Nam News

According to data from the General Department of Việt Nam Customs, Việt Nam’s trade deficit with other members of the Association of South East Asian Nations has been widening relentlessly in recent years, going up from US$3.2 billion in 2013 to $4 billion in 2014 and $5.5 billion last year.

MobiFone Telecommunications Corporation earned more than VNĐ2.50 trillion (US$111.11 million) in after-tax profit in the first half of this year, down two per cent over the same period last year.

Shares appear set to remain steady this week as investors remain cautious on lack of positive business news in both domestic and international markets, securities companies and analysts said.

Việt Nam’s agricultural production has gradually entered the global supply chain, according to the Việt Nam Logistics Institute (VLI).

The Việt Nam Information Technology Outsourcing Alliance (VNITO) and the non-profit Japan Information Service Innovation Partners Association (JASIPA) last Friday signed a memorandum of understanding to promote business co-operation and leverage the strengths of both sides for sustainable development of their members.

New foreign direct investment (FDI) registered in the 10 months of this year decreased by 1.3 per cent year-on-year to US$12.3 billion despite an annual rise of 25 per cent in the number of projects.

Vietnamese small and medium-sized enterprises (SMEs) are encouraged to promote brand building and e-commerce development to enhance competitiveness at a workshop on e-commerce yesterday in Cần Thơ City.

The Vietnamese Government has issued a resolution approving the extension of its rice trade agreement with the Philippine Government. 

Vietnam-based online video startup Big Cat Entertainment Co Ltd has sold a major stake to Asia Innovations Group (AIG), a Chinese mobile internet company developing social and entertainment products.

Deputy Minister of Finance Trần Văn Hiếu urged measures to boost the bond market at the third general assembly of the Việt Nam Bond Market Association.

Prime Minister Nguyễn Xuân Phúc has listed six hydroelectric power plants that play a vital role in the socio-economic development of Việt Nam.

The Government has asked the National Assembly to consider a number of projects with a total investment capital of more than US$66 billion.

The National Assembly is expected to adopt a law on foreign trade management next March, Minister of Industry and Trade Trần Tuấn Anh said at a legislature session in Hà Nội yesterday.

The public is being asked to become more aware about guarding their personal data to avoid potential loopholes in local bank security systems.

Representatives from public private partnerships (PPP) in apparel and footwear yesterday signed a co-operation agreement for the two sectors’ sustainable development in Việt Nam.

The Cửu Long (Mekong) River Delta needs to be more innovative in production and development to develop sustainably in the context of climate change and environmental and integration challenges, a conference heard.

A senior official of the Ministry of Finance (MoF) says Việt Nam needs to tighten its management of official development assistance (ODA) loans and mobilise private sector capital to ease the burden of public debt.

The Government must create a law on bad debts settlement to tackle difficulties during the process, experts said at a recent conference held by the State Bank of Việt Nam.