Việt Nam News

An incubator centre for technical, technological and mechanical businesses was launched in HCM City on August 4. 

State-owned construction and material producer Sông Đà Corp reportedly sold its entire stake in the Việt Nam-Italy Steel Company (VIS) on Tuesday, cafef.vn reported.

Vietnam Posts and Telecommunications Corporation (VNPT) on Thursday launched a satellite mobile service known as VinaPhone-S.

The price of tra fish in the Cửu Long (Mekong) Delta has continued to fall, leaving large inventories of fish and causing losses for farmers.

The State Bank of Việt Nam (SBV) on Tuesday approved in principle South Korean Woori Bank’s plan to set up a wholly foreign owned bank in Việt Nam.

Việt Nam plans to impose a 17 per cent corporate income tax (CIT) for four years from January 1, 2017, on businesses making less than VNĐ20 billion (US$893,000) in revenue.

Shares lost most of the value gained in yesterday’s morning session as increased investor selling in the afternoon eroded confidence in the ongoing rally.

Hà Nội is offering incentives to enterprises, particularly those from Japan, to apply advanced technologies in waste treatment in the capital, municipal People’s Committee Chairman Nguyễn Đức Chung said.

The southern Bà Rịa-Vũng Tàu Province will focus its investment on hi-tech industry and agriculture, port logistics and high-quality tourism.

Shares declined for four days in a row yesterday, dragging the benchmark VN-Index to one-month low as blue chips maintained their downward trend and global oil prices continued to dwindle.

HCM City’s leaders and newly-elected lawmakers yesterday began a three-day session of the People’s Council to discuss socio-economic targets amid many complaints about extended flooding, traffic jams and pollution.

Many co-operation opportunities have been offered to fisheries processors and traders at the Vietfish 2016 which opened in HCM City yesterday (August 3).

Việt Nam is developing a comprehensive competition policy scheme in an effort to refuel reform and accelerate growth towards a market-based economy.

Many US businesses have shown interest in investing in HCM City, Trần Vĩnh Tuyến, deputy chairman of the city People’s Committee, has said following a visit to the US at the head of a city delegation to promote trade and investment.

Vạn Thịnh Phát Group Corporation, one of the leading real estate and hospitality companies in Việt Nam, yesterday signed an agreement with two giant Malaysian companies to develop a US$6 billion ecological urban system called Saigon Peninsula Project in HCM City’s District 7.

Non-performing loans (NPLs) as of the end of May accounted for 2.78 per cent of the entire banking system’s total outstanding loans.

Hà Nội will have 96 sales points in 12 districts to provide special and safe farm products to the local people.

Hà Nội enjoyed relatively high economic growth in the first half of the year with good performances in the service and industry-construction sectors, officials said at a municipal People’s Council meeting on Monday.