Việt Nam News

Việt Nam spent US$5.84 billion importing 13.92 million tonnes of steel and iron products in the first nine months of the year, the General Department of Customs’ statistics revealed.

Việt Nam’s coal sector is facing decreasing exports and competition from imported coal, Nguyễn Khắc Thọ, deputy director of the General Directorate of Energy under the Ministry of Industry and Trade, said yesterday at a conference in Hà Nội on coal imports and ensuring national energy security.

Vietnamese shares extended losses yesterday as energy stocks were pulled down by a slide in oil prices and foreign investors increased selling of large-cap stocks on expectations of a US interest rate hike at year’s end.

The Quy Nhơn Port Joint Stock Company in the central province of Bình Định plans to invest VNĐ1.35 trillion (US$60.5 million) in expanding the Quy Nhơn port area by 6.8 hectares and raising its capacity by 2020, according to the company’s Deputy Director General Huỳnh Tấn Quy Nhơn.

Products displayed by nearly 60 Vietnamese enterprises at the MEGA Show Hong Kong 2016 drew attention from visitors thanks to their natural and environment-friendly materials.

Negotiations between Việt Nam and the European Union to expand the export of wood and wood products to Europe are expected to be complete by the end of the year.

Việt Nam needs to develop a fair trade certification system as the fastest route to the sustainable development of Vietnamese agricultural products, an official from the Ministry of Industry and Trade said.

Around 76 per cent of Vietnamese internet protocol (IP) cameras are susceptible to illegal access because users keep the fixed accounts of the makers rather than changing them, a report by the Bách Khoa Technology Group (BKAV) revealed on Thursday.

Industry insiders are concerned the cement industry will find it hard to meet the target of selling 75-77 million tonnes of cement this year due to market difficulties.

After postponing it for several years, Sài Gòn Alcohol, Beer and Beverage Corporation (Sabeco) is finally likely to go public this year following the Government’s urgent call to divest shares in large State-owned enterprises in which it does not need to hold controlling stakes.

Current shortcomings in road transport across the border between Việt Nam and other countries in the region need to be solved to enhance development and connectivity to international road transport system, experts said.

Stocks are forecast to have another upcoming volatile trading week as listed companies continue to report their earnings and global oil prices affect energy stocks.

Domestic software developers are expecting that North America will become the second market for Vietnamese outsourcing companies, after Japan.

Nexttech group of technopreneurs – Peacesoft Vietnam – and Malaysia's Haspro Holding have started pouring millions of US dollars into an online shopping website known as weshop.co.id, hoping to increase opportunities for cross-border shopping.

The University of Economics and Business (UEB) of Việt Nam National University joint the Japan society for Information and Management (JSIM) to organise the 2016 Asia Pacific Conference on Information Management in Hà Nội on from October 21 to 22.

Deposit Insurance of Vietnam (DIV) has officially operated a new information and communication system for its business process related to deposit insurance.

Minister of Information and Communications Trương Minh Tuấn on Tuesday signed a licence allowing Gtel Mobile Joint Stock Company (Gtel Mobile) to provide 4G telecommunication service in Việt Nam.

Vinafood 1 Flour One Member Company Limited, a member of state-owned Vietnam Northern Food Corporation (Vinafood 1), will auction over 8.2 million shares, equivalent to a 34 per cent stake.