VN farmers urged to shift from rice to corn

Economists and experts warn that Việt Nam should restructure its farming industry, making it less rice-oriented and focusing more on producing breeding materials in order to reduce its over-dependence to imported animal feed.

VN, India eye textile co-operation

Since India has strength in textile technology and Việt Nam is dependent on feedstock for its textile industry from many countries, they could mutually benefit by co-operation, according to the Việt Nam Chamber of Commerce and Industry.

Việt Nam gold price drops, international rate rises

The state-owned Sài Gòn Jewellery Joint Stock Company (SJC) announced a drop of VNĐ80,000 (US$3.58) per tael (1.2 ounces) in gold price yesterday. While the international rates for the yellow metal rose by $3 per ounce.

VN shares slump after three-day rise

Shares declined yesterday on the two national stock exchanges following a three-day winning streak as traders increased selling of large-cap stocks to earn short margin profits.

Collaboration good for VN securities

Vietnamese securities firms will see opportunities as collaboration between ASEAN exchanges brings more capital to Việt Nam’s stock market and makes firms improve their competency to satisfy international standards, stock regulators said yesterday at a meeting.

Proposed new power tariff rules cause a ruckus

A proposal to allow Electricity of Việt Nam (EVN) to set retail prices has been criticised for granting excessive power to the national utility as well as the Ministry of Industry and Trade (MoIT).

Long An solicits all sorts of investment

Long An Province will solicit investment in residential areas, transport and industrial infrastructure and hi-tech agriculture, according to its Department of Planning and Investment.

Doosan sells VN-based plant to GE

Doosan (Korea) has sold the Heat Recovery Steam Generator (HRSG) business unit of Doosan Engineering &Construction to General Electric and it will become a part of GE Power Systems Korea.

Rural power supply upgrade planned

Problems in rural electricity supply and trade promotion centres were discussed at an industry and trade sector conference held on Thursday in the northern province of Ninh Bình.

Network providers urged to up 3G service

The quality of Việt Nam’s 3G network service is not low, as was written in recent reports published by global mobile application providers, who evaluate the speed of internet networks and mobile internet throughout the world.

Removing deposit interest rate cap considered

Deputy Prime Minister Vương Đình Huệ has recently instructed relevant authorities to scrutinise the possible removal of the deposit interest rate cap on short-term deposits.

VN-Russia pact takes effect

he Việt Nam-Eurasian Economic Union (EAEU) free trade agreement, which took effect on Wednesday, is expected to expand trade between Việt Nam and Russia from the current US$4 billion to $10 billion in the next five to seven years, a Russian official said.

Support local firms after FTAs

After free trade agreements (FTAs) are implemented, there is room for the Government of Việt Nam to make policies to support domestic industries and enterprises, enabling them to cope with challenges arising from rapid international integration.

Foreigners eager to buy, Gov’t slow to respond

Foreign investors are eager to buy stakes in Government-owned enterprises in Việt Nam, but have come up against a lack of transparency in the firms’ information disclosure, as well as red tape, CEOs from financial firms said.

VN calls on Thailand investment in supply

A seminar of calling on investment from Thailand to Việt Nam’s supplier industry was held yesterday in Bangkok, Thailand, according to the Trade Office of Việt Nam in Thailand.

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