Cut red tape costs, PM urges

Prime Minister Nguyễn Xuân Phúc has asked all ministries, departments and provinces to promote growth by easing the hurdles that businesses face and by helping cut down their bureaucratic expenses.

Rapid credit growth possible, but risky: experts

The Government has called for faster than targeted credit growth in pursuit of this year’s GDP goal of 6.7 per cent. However, experts have some concern that this would exert more pressure on the central bank to ensure macroeconomic stability and efficiency of credit growth.

Stocks plunge as investors worry

Việt Nam’s benchmark VN Index extended its loss for a second straight session on Tuesday as investors remained pessimistic over trading conditions.

US delays antidumping investigation on VN’s tool chests

The US Department of Commerce (DOC) on Monday announced the postponement of preliminary determinations of antidumping duty investigations on tool chests and cabinets imported from Việt Nam and China from October 1, 2016 through March 31, 2017.

Minister urges Japan to increase investment in VN

Indirect investment from Japan into Việt Nam remain relatively modest compared to the potential of Japan and the ability to absorb investment capital sources of Vietnamese market, finance minister Đinh Tiến Dũng said.

VAMC makes first seizure of mortgaged asset

Việt Nam Asset Management Company (VAMC) on Monday conducted its first confiscation of an asset mortgaged for a non-performing loan based on a newly-issued resolution.

APEC discusses reforms to investment climate

Promoting trade and investment and reforming the investment climate in APEC member economies were discussed at the Investment Experts’ Group (IEG) meeting held in HCM City yesterday as part of the ongoing third APEC Senior Officials’ Meeting and related meetings.

Gov’t looks to cut special inspections red tape

Local enterprises have to spend around 28.6 million of working days equivalent to VNĐ14.3 trillion (US$636 million) a year to complete administrative procedures for special check-ups, said Mai Tiến Dũng, minister and chairman of the Government Office.

MPI proposes big breaks for special economic zones

The Ministry of Planning and Investment (MPI) has proposed major incentives including prolonged income tax exemptions for businesses and individuals working in special economic zones in three provinces.

Gov’t urges mobilisation of idle gold

The Government Office last week sent a written document to the central bank governor, referring to the mobilisation of idle gold and foreign currency sources from the people.

VN Index down on the back of blue chips

Việt Nam’s benchmark VN Index remained fragile on Monday, losing its positive momentum as investors remained cautious over the current market downtrend.

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