The Hòa Phát Group has opened its second steel pipe plant in the Đà Nẵng’s Hòa Khánh Industrial Zone.

Trade between Việt Nam and Mexico is expected to thrive when the Trans-Pacific Partnership (TPP) takes effect, attendees heard yesterday at a Hà Nội conference highlighting bilateral co-operation in business, investment and services.

Việt Nam’s retail turnover is expected to rise to US$179 billion by 2020, according to the Association of Việt Nam Retailers.

Firms should attach importance to expanding the distribution system for fast-moving consumer goods (FMCG) in rural markets to tap its large potential.

Shares on the HCM Stock Exchange gained ground after a slight decrease in morning trade, following the recovery of several large-cap stocks, while continued foreign selling kept weighing on the market.

The Ministry of Industry and Trade (MoIT) will directly assess and supervise the development of the US$10.6 billion Hoa Sen Cà Ná steel making complex in the south-central province of Ninh Thuận, an official said.

Việt Nam’s biggest dairy company, Vinamilk (VNM), is seeking to buy second company in the United States as part of  its accelerating merger and acquisition (M&A) strategy, Bloomberg reported.

Many commercial banks have recently raised their deposit interest rates in an attempt to satisfy new State Bank of Việt Nam’s regulations that are due to take effect in 2017.

Thirty-four small and medium-sized businesses in District 1 received total bank loans of nearly VNĐ3.1 trillion (US$139.1 million) at preferential interest rates under the banking-enterprise linkage programme.

The southern province of Tây Ninh aims to increase economic growth and farmers’ incomes by becoming a high-tech agricultural hub for the region, according to Trần Lưu Quang, the provincial Party secretary.

Local pharmaceutical companies should improve their competitive advantage before Việt Nam signs the Trans-Pacific Partnership (TPP) Agreement in order to avoid losing their regional market share, experts said.

Đinh La Thăng, secretary of HCM City’s Party Committee, told a meeting of business leaders in Seoul last week that the city would create more favourable conditions for South Korean investors in HCM City. 

Việt Nam expects to export frozen head-on shell-on shrimp to Australia for the first time, according to an official of Việt Nam’s Ministry of Agriculture and Rural Development (MARD).

In an interview with Vietnam Ne

Shares declined on the two national stock exchanges yesterday, driven by trading of large exchange-traded funds in their third-quarter portfolio arrangements.

The Ministry of Finance has issued a document on tax payment rules for Dutch-based Uber International Holding B.V for its car hailing service in Việt Nam.

The State Bank of Việt Nam (SBV) will continue to encourage the practice of mergers and acquisitions (M&A) as a solution to dealing with ailing credit institutions.

Ousmane Dione became the country director for the World Bank (WB) in Việt Nam on September 12.

Officials of Hà Nội and Moscow are calling on enterprises from the two cities to promote investment between the two cities.