VAMC needs more capital to settle bad debts

The Việt Nam Asset Management Company (VAMC) will need more capital to further benefit from the National Assembly’s recent resolution on the settlement of non-performing loans (NPLs), experts said.

PM pledges good conditions for ExxonMobil

The Government of Việt Nam will create favourable conditions for ExxonMobil to implement projects in the country, Prime Minister Nguyễn Xuân Phúc has said.

El Salvador calls for investment from Việt Nam

With its strategic geographic location and ports and airports, El Salvador can be a gateway for Vietnamese goods to enter American markets, especially Central American, according to the Việt Nam Chamber of Commerce and Industry.

Techcombank to sell 500 million shares

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will put 500 million shares on sale in two phases to raise charter capital from VNĐ8.8 trillion ($387.6 million) to VNĐ13.8 trillion.

Bà Rịa-Vũng Tàu takes action on delayed projects

The People’s Committee of Bà Rịa-Vũng Tàu Province on Monday warned that certificates granted to delayed projects would likely be withdrawn if their investors fail to seek solutions to continue implementing them.

Seafood exporters set for good year

Seafood exports in the second half of the year are expected to rise by 11 per cent to US$4.46 billion, according to the Việt Nam Association of Seafood Producers and Exporters (Vasep).

Deputy PM visits Vân Đồn, talks institutions

Vietnamese Deputy Prime Minister Vương Đình Huệ, along with other ministrial and provincial leaders visited the northern coastal province of Quảng Ninh'sVân Đồn Island District on Saturday to inspect constructions which are being implemented.

VN exporters urged to follow rules

Việt Nam should strictly follow and continuously update its policies and regulations when exporting products to the US, which is considered a difficult market with rigorous requirements.

Viettel to launch Myanmar 4G network

The Military-run telecom group, Viettel is expected to offer the world’s first 4G Only network in Myanmar in the first quarter of 2018, marking its first steps in the country.

New collateral rules good for VN banks: Moody’s

The speedy repossession of collateral is a credit-positive step for Vietnamese banks, which continue to grapple with legacy asset-quality issues caused by rapid credit growth and loose underwriting standards of the past decade, Moody’s Investors Services said in a note on Monday.

Cashew sector may miss export target

Việt Nam may not reach this year’s targeted cashew export value of US$3.3 billion, due to a shortage of raw materials for cashew export processing.

VN to reform rice production, improve exports

Việt Nam will reform rice production to gain sustainable development in the production and export of rice, according to Việt Nam’s Rice Market Development Strategy from 2017 to 2020.

APEC members aim for Free Trade Agreement for Asia-Pacific region

Regional economic integration will continue to be one of APEC’s core cooperation pillars, including the fostering of Regional Trade Agreements/Free Trade Agreements (RTAs/FTAs) with the goal of realising a Free Trade Agreement in the Asia-Pacific region (FTAAP), a high-ranking official has said.

 

Foreign investment on the rise in VN

The foreign investment is looking up, as the total capital pledged for investment in the country until August 20 was nearly equal to that for the entire 2016.

Decree underlines Government monopolies

According to Government Decree 94/2017/NĐ-CP, to come into effect on October 1 this year, 20 items will be traded solely by public entities with clear directions from the Prime Minister’s Office.

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