Việt Nam News

Team GridComm, pitching a smart street lighting solution for cities, along with their partner G Element, a 3D software company focusing on smart cities and buildings, won first place and a prize of US$5,000 at the Smart City Innovation Challenge (SCIC) Demo Day in Hà Nội on Monday.

Chairwoman of the National Assembly (NA) Nguyễn Thị Kim Ngân and Deputy Prime Minister Vương Đình Huệ received David Cruickshank, Chairman of Deloitte Global, yesterday and acknowledged the auditing company’s contribution to the Vietnamese financial sector.

Việt Nam plans to eliminate tariffs on raw materials and spare parts and lower tariffs on small appliances and cosmetics imported from South Korea, according to Lê Thanh Liêm, vice chairman of the city People’s Committee.

Shares advanced further on both local exchanges as investors eagerly anticipated some companies’ sale of more shares to reduce the State’s capital holdings, and by the impacts of the APEC event last week.

Credit growth in the 10 months through October reached 13.5 per cent, the National Financial Supervisory Commission said in a latest report.

The Ministry of Industry and Trade (MoIT) has issued Decision No. 4236 / QĐ-BCT to extend the deadline for investigating cases of applying safeguard measures for DAP and MAP fertilisers imported into Việt Nam before issuing the final report.

To find a safe food supply source for the city, Food Safety Management Board of HCM City and Saigon Co.op, in collaboration  with the Department of Agriculture and Rural Development of Bình Thuận Province, carried out a fact finding trip to the province and signed agreements to produce and buy agricultural and aquatic products meeting food safety standards.

NA deputies met on Monday to discuss the feasibility of land clearance and resettlement to build the Long Thành International Airport mega project in southern Đồng Nai Province. They expressed concerns about the capital sources proposed to implement the project.

Việt Nam will never tolerate or permit activities related to illegal, unreported and unregulated (IUU) fishing, Deputy Minister of Agriculture and Rural Development (MARD) Vũ Văn Tám said on Saturday.

Credit card holders will not be allowed to withdraw cash worth more than VNĐ5 million for domestic transactions and no more than VNĐ30 million for foreign currency.

The National Assembly (NA) at a meeting on Monday morning passed a resolution on 2018 budget estimates with 86.56 per cent of approval votes.

The capital city of Hà Nội has launched a development plan for support industries in Hà Nội during the period 2017-20, and continuing to 2025, to promote development of enterprises within the industry.

More than half of mobile phone transactions whose prices are over VNĐ10 million (US$439) are purchased on installment payments, according to statistics of Mobile World Group, FPT Shop and CellphoneS.

The 16 nations involved in negotiating a free trade bloc in East Asia including China and India have now agreed to push to conclude an agreement in 2018, having missed deadlines for three years.

Three years after an initial public offering (IPO), Việt Nam Waterway Construction Joint Stock Corporation (Vinawaco) has not transferred the State’s capital from the transport ministry to the State Capital Investment Corporation (SCIC).

Vietcombank recently said it has received permission from the State Securities Commission to sell its stakes in the HCM City-based Saigon Bank for Industry and Trade (Saigonbank) and Việt Nam Cement Finance Company.

For the past two years, Việt Nam has witnessed the revival of bubble tea with heavier investment, showier display and harder hitting promotion. And like many other forms of business, when an industry is up and coming, supporting services and products will also be on the rise to catch the money making wave.

The benchmark VN-Index is heading to the 870-point landmark this week with the support of large-cap stocks experts have predicted, but cautioned a likely correction after a long rally.