Việt Nam News

HA NOI (Biz Hub) — The European Chamber of Commerce in Viet Nam (EuroCham) announced their 2016 third quarter results of the Business Climate Index (BCI), which is 86 points, 10 points up from the last quarter, on October 18.

The Ministry of Finance has issued a directive on the financial management of the Debt and Asset Trading Corporation (DATC), which will be enforced on November 1, 2016.

Despite potential foreign exchange rate risks, domestic enterprises still prefer borrowing US dollar loans to cut financial costs as their lending interest rates are much lower than đồng loans.

The US Department of Commerce (DOC) has announced the preliminary results of the administrative review of the anti-dumping duty imposed on some of Việt Nam’s oil country tubular goods (OCTG).

Prime Minister Nguyễn Xuân Phúc is concerned that Việt Nam might fail to achieve its GDP goal of 6.7 per cent this year.

A delegation of Bulgarian enterprises led by Bojidar Loukasky, Bulgarian minister of economy, visited Bình Dương on October 19.

A workshop was held in the Chinese central province of Hunan on October 19 to promote co-operation between Việt Nam and China in economics, trade, investment and tourism.

Electricity of Việt Nam (EVN) will replace the Việt Nam Oil and Gas Group (PetroVietnam) as the developer of Quảng Trạch 1 Thermoelectric Plant in central Quảng Bình Province, according to a decision issued by Prime Minister Nguyễn Xuân Phúc.

Spanish enterprises will pay more attention to transport projects, particularly in public transport, which has been prioritised by the Vietnamese Government, said Spanish Ambassador to Việt Nam Alfonso Tena Garcia.

Deputy Minister of Agriculture and Rural Development Lê Quốc Doanh signed a decision on Monday to stop all imports of distillers’ dried grains from the United States and peanuts from Sudan and Hong Kong.

The draft law on support for small and medium-sized enterprises (SMEs) will be discussed at the 14th National Assembly’s second meeting sessions which will open today, heard a conference yesterday.

South Korea’s stock market operator reported yesterday that it had secured a contract with its Vietnamese counterpart to set up the IT infrastructure for the Southeast Asian nation’s equity trading.

The Government and its agencies will have to make their best efforts to ensure inflation growth stays below 5 per cent at the end of this year, Deputy Prime Minister Vương Đình Huệ said at a meeting yesterday.

Nina Vaca, US Presidential Ambassador for Global Entrepreneurship gave advice to the many newly established businesses in Việt Nam during her recent visit to Hà Nội. Her objective was to create opportunities and expand global network exposure for entrepreneurs in developing nations. She speaks to Việt Nam News about start-ups. 

Đặng Hương Giang, an angel investor who recently returned from a US study tour, also shares with Việt Nam News her view on the importance of initial investment for startups in the country.

Shares rose for a second day yesterday on the two exchanges as investors were optimistic with the market outlook and earnings prospects of listed companies.

The industry and trade ministry has enforced Circular No. 22/2016/TT-BCT, which pertains to the use of electronic certificate of origin (C/O) under the ASEAN Trade in Goods Agreement (ATIGA).

Some 800 small and medium sized gas trading companies have submitted a proposal to the Prime Minister Nguyễn Xuân Phúc and Minister of Industry and Trade Trần Tuấn Anh on gas trading requirements.