Việt Nam News

Representatives from member cities of the Business Partner City network shared their experiences in developing supporting industries and backing the development of small and medium-sized enterprises at a roundtable in HCM City on Wednesday.

The central city's Investment Promotion Centre has inked an agreement on Information Technology (IT) investment with the Self Wing Viet Nam Company and Saitama Business New Forum from Japan, providing supports for Japanese investors in IT in Đà Nẵng.

State Bank of Việt Nam (SBV) Deputy Governor Nguyễn Kim Anh yesterday called for drastic steps to make online payments more secure.

The Ministry of Planning and Investment has published the draft law amending some articles related to investments and enterprises following which more business sectors would be allowed for foreign capital.

Vietnamese shares rose yesterday as higher crude prices lifted energy stocks and foreign investors’ selling value decreased from the previous sessions.

Banking experts have expressed a great deal of scepticism at the government’s target to cut the average lending interest rate to some 5 per cent.

Oil & gas conglomerate Petrolimex will identify and deal strictly with collective and individual responsibility for loss-making investment decisions and other business management errors, a senior official said yesterday.

Deputy Prime Minister Trịnh Đình Dũng has asked ministries and authorities to speed up the building of social housing in industrial and economic zones nationwide.

Đặng Hoàng Hải, head of the Ministry of Industry and Trade’s European Market Department told to chinhphu.vn about potential and also challenges from the EAEU-Việt Nam FTA for major export products of Việt Nam to the market.

Gold jewellery and other gold articles with less than 95 per cent gold content enjoy zero export duty rates from September 1, under Decree No 122/2016/NĐ-CP

At the Ministry of Industry and Trade’s first-ever auction on sugar import quotas yesterday, eleven firms won bids. 

Phạm Thiết Hòa, director of HCM City’s Investment and Trade Promotion Centre, said the city was creating the best conditions to attract more investors by developing a clean land fund, improving the quality of infrastructure, and expanding the number of industrial parks and export processing zones. 

French and Vietnamese companies signed two trade agreements at the France – Việt Nam Business Forum held in HCM City yesterday to mark the visit of French President Francois Hollande.

Vietnamese shares fell further yesterday, driven down by dairy firm Vinamilk while foreign investors remained net sellers for six consecutive sessions.

Vietnamese should take the initiative to join business forums and participate in trade fairs and exhibitions in the United Arab Emirates (UAE) to understand the market, experts have said.

Eight auctions were organised on the two national stock exchanges in August, bringing in a total of VNĐ2.83 trillion (US$127 million) for issuers.

There is huge potential for Vietnamese and Japanese firms to co-operate in many areas, including use of information and communication technologies in agriculture and food processing, a conference heard in HCM City yesterday.

The Việt Nam Textile and Garment Group (Vinatex) inaugurated its new garment factory, worth nearly VNĐ127 billion (US$5.7 million), in the central province of Nghệ An late last week.