Việt Nam News

Southern provinces and cities will strive to achieve total retail sales and services revenue of more than VNĐ2,075 trillion (US$91.4 billion) this year, a year-on-year increase of 11.5 per cent, and total export revenue of $104.9 billion, up 11.6 per cent over last year, officials said at a meeting in HCM City last Friday.

At its third session the 14th National Assembly passed a resolution to trial various policies on bad debt settlement and the handling of secured assets for bad debts of credit institutions, branches of foreign banks and State-owned organisations to speed up the settlement of bad debts, which are acting as speed bumps in the banking sector’s development.

The Vietnam National Oil and Gas Group (PetroVietnam), or PVN, produced 9.23 million tonnes of oil in the first seven months of this year, exceeding the target set for the period, said the group’s CEO Nguyễn Vũ Trường Sơn.

Vina T&T Import – Export Service Trading Co Ltd last week exported its first batch of fresh coconuts to the US, which is considered to be a difficult market.

State budget total collection in the first seven months of this year was estimated at VNĐ666.68 trillion (US$29.36 billion), an increase of 11.6 per cent over the same period last year.

The giant of telecom in Việt Nam, Viettel, has achieved major success after 10 years of investment in foreign countries, including ASEAN. On the occasion of ASEAN’s 50th anniversary, Lê Đăng Dũng, Viettel’s Deputy General Director talks with Việt Nam News reporter Vũ Hoa about the group’s contributions to their overseas markets in general and the regional community in particular.

Nguyễn Thị Phương Thảo – Vietjet Air

Business pioneers: their struggles, accomplishments and vision of the future

Mai Kiều Liên - Vinamilk

Phạm Nhật Vượng - VinGroup

According to the recently issued Decision 1381/QĐ-BTC by the Ministry of Finance (MoF), firms operating in Việt Nam with foreign direct investment (FDI) will be subjected to regular and sudden examinations by appropriate Vietnamese authorities of both their physical and financial assets.

The State Capital Investment Company (SCIC) will further sell over 48 million shares in Việt Nam’s top listed firm by market value, Vinamilk, this October.

Unlicensed buildings could be revaluated and might not be demolished, provided they can meet the required standards with further planning and development, said Lê Quang Hùng, deputy construction minister.

HCM City should build social housing priced at up to VNĐ1 billion rather than VNĐ200-300 million to ensure a reasonable quality of life for their occupants, the city’s top construction official has said.

FLC Group has expressed its desire to develop a smart urban complex in the centre of northern Thái Bình City, Trịnh văn Quyết, group’s chairman of the management board, said.

The benchmark VN-Index failed to conquer the short-term resistance point of 790 for a second day on Friday, dragged down by bank stocks, while growth of many large-cap stocks supported the market.

Mobile World Corporation, one of the biggest mobile phone and accessory retailers in Việt Nam, is preparing to take over local electronics and pharmacy retail firms for VNĐ2.5 trillion (US$111.1 million).

The Ministry of Industry and Trade (MoIT), the Agency for Regional Industry Development (ARID) and the Ho Chi Minh City’s Department of Industry and Trade (DIT) jointly held the eight annual conference on trade promotion for Southern cities and provinces on Thursday, affirming the regions’ numerous successes and discussing solutions to remaining problems.