Việt Nam News

The State Bank of Việt Nam yesterday raised the reference VND/USD exchange rate by eight đồng, taking it to a record high of VNĐ22,101 per US dollar.

Shares declined yesterday afternoon as investors increased selling on uncertainty of the market’s outlook.

Viettel Group’s is likely to achieve its ex-Việt Nam revenue target of US$1.5 billion this year, thanks to a sudden spurt in sales in some of its new markets.

The State Bank of Việt Nam (SBV) announced yesterday that it would allow credit institutions and foreign bank branches to continue issuing short-term foreign currency loans to some borrowers.

Việt Nam is a top destination for Japan’s mechanical engineering companies seeking investment opportunities in Southeast Asia, said Itoh Kaori, head of a business delegation from Gifu prefecture.

The coupon for State Bank of Việt Nam’s 14-day treasury bills hit a one-year record high of 3 per cent on November 11.

Fitch Ratings on Tuesday released a report forecasting that Vietnamese banks are set to improve gradually next year.

The future of the Trans-Pacific Partnership Agreement (TPP) is in doubt after Donald Trump won the US presidency. Dr. Trần Toàn Thắng, deputy director of Business Environment and Competitiveness Department of Central Institute for Econommic Management (CIEM), spoke to Việt Nam News reporter Hoàng Như Hoa about the ramifications of the TPP being cancelled or renegotiated.

Việt Nam’s shrimp industry should reduce production costs and improve food safety to improve its competitiveness.

Finance ministers from ASEAN member nations gathered at a seminar in Jakarta, Indonesia, on November 15 to discuss investment opportunities in the region.

Strong recovery of world rubber prices was expected to continue through the end of the year and increase revenues for local rubber firms, according to local securities companies.

Hà Nội Department of Industry and Trade has directed its enterprises to increase supply of goods by 10 per cent over the previous year to satisfy the shopping needs of local people in the 2017 Tết (Lunar New Year) holiday, the biggest shopping season in the year which falls in the end of January next year.

Shares rose slightly for a second day on the two national exchanges yesterday, driven by energy and rubber stocks which have benefited from sharp price rises in the global markets.

Việt Nam National Shipping Lines (Vinalines) has proposed that the government increase domestic market share of import-export goods carriage on sea routes for Vietnamese fleet.

Product safety and compliance with export market requirements were discussed at an international conference in HCM City on Tuesday.

A wide range of farm produce, seafood, processed foods, beverages, tea and coffee, food ingredients, and food processing technologies and machinery are on display at the Việt Nam International Food Industry Exhibition that opened in HCM City yesterday (November 16).

Small- and medium-sized enterprises play a vital role in national development, Vietnamese and German politicians said in Hà Nội yesterday, during a dialogue between the Communist Party of Việt Nam and the Social Democratic Party of Germany (SPD).

Applying the Rules of Origin of Goods in Asean Trade In Goods Agreement (ATIGA) will help enterprises enjoy preferential tax rates and manage compliance costs that enterprises must bear under the form of documents and accounting cost.