Việt Nam News

The Government’s Small- and Medium-sized Enterprise Development Foundation (SMEDF) could provide support to startups in the form of venture capital and crowd funding, according to a draft decision.

Việt Nam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) will hasten its restructuring efforts to overcome this difficult period, with more job cuts planned this year, local news reported.

Shares rose further yesterday as investors remained confident in companies with prospects of better performances in the third quarter of this year.

Budget revenues reached VNĐ718.3 trillion (US$32.2 billion) in the first nine months of the year, accounting for around 70 per cent of the annual target, a representative of the Ministry of Finance told in its quarterly press briefing early this week.

As the country moves toward deeper integration, banks are striving to improve their information and technology systems in order to catch up with new trends and to ensure customer safety. Globalisation and interconectivity come with information and technology risks. In addition, the presence of financial technology (fintech) also has reshaped the financial services sector.

Samsung Việt Nam yesterday officially announced it was recalling its Galaxy Note7 smartphone after reports of the device catching fire while charging.

Local enterprises face barriers in doing business, and they expect the State to improve the domestic business environment in order to encourage the development of enterprises.

Vietnamese shares struggled to remain upbeat yesterday as energy producers lost momentum after crude prices declined on Tuesday.

The next phase of Vietnamese economy’s restructuring should focus on efficiency of resource allocation to radically renovate the growth model, experts said at a conference in Hà Nội yesterday.

Vietnamese businesses have been advised to study the Việt Nam – Eurasian Economic Union (EAEU) free trade agreement so that they can capitalise on opportunities to boost exports to EAEU-member countries.

The local securities market is expected to further expand in the last months of the year after two trading regulations are put into practice in November.

HCM Stock Exchange (HOSE) will join hands with financial information provider StoxPlus to organise the 2nd Vietnam Annual International Investor Conference on November 4 in HCM City.

The Việt Nam National Oil and Gas Group (PetroVietnam) will strive to exploit more than 6.49 million tonnes of oil by the year’s end, including 3.88 million tonnes of crude oil and 2.61 billion cubic metres of natural gas, to achieve total output of 27.59 million tonnes of oil.

A local steel maker, Hòa Phát Group would take cover of prolonged delay commenced Guang Lian Steel-Dung Quất project as new investor.

In the distribution relationship, the principal can deliver goods to a number of different agents. Therefore, drafting of the agent agreement, which not only meets the required needs, but also ensures the rights of the parties, should be taken into account.

Switzerland will grant 90 million Swiss franc (US$91.16 million) to Việt Nam, focusing on economic development co-operation over the next four years, Swiss State Secretary for Economic Affairs Marie-Gabrielle Ineichen Fleisch said yesterday.

Philippine enterprises can import an additional 293,100 tonnes of rice from Việt Nam to ensure food demand in the 2017 between-crop period is met, the Việt Nam Food Association (VFA) said.

The Việt Nam-China International Trade Fair is scheduled to take place in Dongxing city, in China’s Guangxi province from November 8-12.