Viet Nam's new import tariff, part of the Viet Nam-Japan Economic Partnership Agreement (VJEPA) for 2016-19, has come into force.

Certification for fisheries exports to Korea and China will be expanded nationwide starting next month under the National Single Window (NSW), the Ministry of Agriculture and Rural Development said.

The Ministry of Industry and Trade will accelerate the completion of management policies and documents to tighten multi-level marketing regulations while limiting licensing for the activity, said minister Trần Tuấn Anh.

A proposal to use State funds to settle commercial banks’ bad debts, as stated in the draft plan on economic restructuring for the 2016-2020 period, has been met with a cold shoulder.

Prime Minister Nguyễn Xuân Phúc has approved the development of a seaport and industrial park complex in the Nhà Mạc marsh area, Quảng Yên town, northern Quảng Ninh Province.

Listed companies have been better in complying with information disclosure requirements, improving the transparency of Việt Nam’s stock market, a survey has found.

VASEP raises voice against US DOC’s decision on shrimp anti-dumping tax

Việt Nam has seen a sharp surge in the number of newly established enterprises since two new laws on investment and enterprises took effect on July 1, 2015.

Vietnamese shares struggled to extend gains yesterday on late buying in large-cap stocks during the near-end period of the session.

The State Bank of Việt Nam has reminded foreign credit institutions and bank branches of its rollover loan requirements. 

The Republic of Korea (RoK)’s LG Innotech Co Ltd under the LG Group will invest US$550 million into a project in the northern city of Hai Phong, according to the Hải Phòng Industrial Zone Management Board.

Việt Nam expects to earn US$900 million from exporting beverage products by 2035, according to the industry’s planning.

Hà Nội People’s Committee will divest from 96 State-owned enterprises (SOEs) that are located in the city during the 2016-20 period, according to a decision released recently by the city government last week.

Power Construction JSC No 1 (PCC1) has sold nearly 11.5 million shares to the London-traded Vietnam Enterprise Investments Limited (VEIL) for nearly VNĐ380 billion (US$16.9 million).

The garment and textile sector will be hard pressed to achieve its export turnover target of US$31 billion this year due to a lack or orders. 

Prime Minister Nguyễn Xuân Phúc said Việt Nam might allow foreign investors to hold a stake exceeding the current cap of 30 per cent in domestic banks.

Việt Nam’s enterprises in foreign countries, especially Russia, should develop close business cooperation with enterprises in Việt Nam to take full advantages in doing business from free trade agreements signed between Việt Nam and foreign partners.

Vietnamese shares yesterday bounced back from a gloomy trading week, driven by better investor confidence in blue chips following the re-allocation of ETFs’ investment portfolios and the energy sector was boosted by higher oil prices.