Việt Nam News

Risk management is now an important part of Việt Nam’s financial system after some of the banks have suffered high accumulated losses and capital deficit, and merged with other banks.

The Việt Nam Chamber of Commerce and Industry (VCCI) has asked Prime Minister Nguyễn Xuân Phúc to consider the participation of Việt Nam in the Extractive Industries Transparency Initiative (EITI).

The Ministry of Finance proposed the government should offer a preferential corporate income tax of 10 per cent tor firms that are renovating deteriorating apartment blocks.

Trade revenues between Việt Nam and the Eurasian Economic Union (EAEU) are expected to increase to US$10-12 billion by 2020, after a free trade agreement between the two sides takes effect this year.

Enterprises from the European Union remain optimistic on the business environment in Viet Nam, with many of them planning to increase investment, according to a Business Climate Index (BCI) survey for quarter 2, 2016, conducted by the European Chamber of Commerce in Việt Nam (EuroCham).

The third "Online Friday," also known as "Online Shopping Day 2016," is expected to record sales worth more than VND1 trillion (US$44.4 million), a senior government official has said.

Apartments are becoming the housing of choice for many young families in HCM City thanks to the many advantages they offer.

Vietnamese businesses in supporting industries need to become more competitive to enter the global supply chain, a forum heard in HCM City on Thursday.

The city also hopes to generate VNĐ120 trillion (US$5.36 billion) in tourism revenue by 2020, with an annual growth of 15-17 per cent till then.

The State Bank of Việt Nam has warned people using online banking services to be vigilant since many frauds have occurred recently.

Mekong Enterprise Fund II (MEF II) registered to sell more than 2.7 million shares of investment corporation Mobile World, in a context that prices of the shares have reached the highest level ever.

The Ministry of Agriculture and Rural Development has stopped granting licences to seafood shipments by exporters that have been blocked by the European Union (EU) for containing banned substances in their products.

Shares rose slightly on the HCM Stock Exchange yesterday, propped up by some individual stocks, while the red overwhelmed the market as investors increased selling on fears of a downturn.

The construction ministry is drafting a project on management of the property market through six measures to support transparency and stability, Minister of Construction Phạm Hồng Hà said.

Shares walked a tightrope yesterday under heavy selling pressure by foreign investors while volatile global oil prices pushed oil and gas stocks down.

Vietnamese firms have failed to fully exploit the promising Middle Eastern and African markets, despite encouraging export turnovers they have earned from these countries in recent years, a seminar heard in Hà Nội yesterday.

Banking experts shared their experiences in applying the Basel II capital adequacy guidelines at an IFC-hosted workshop yesterday in Hà Nội.

The time is ripe to deploy a 4G LTE network in Việt Nam and this can not be delayed, said former deputy minister of Information and Communications Lê Nam Thắng.