Việt Nam News

Inter-bank lending interest rates have continuously slipped to hit a new record low, according to the latest monetary report by Saigon Securities Incorporation’s (SSI) Retail Research.

The High Quality Vietnamese Product Business Association will lead a business delegation that will participate in the 2017 ASEAN-India Expo and Forum to be held in August in Bangkok.

The price of gas in HCM City and the southern provinces spiked by VNĐ27,000 (US$1.18) for a 12kg canister of cooking gas with effect from August 1.

The private sector should be encouraged to do what it does well. This is the right way for Việt Nam to follow in transforming the economic structure and encouraging innovation to exploit its potential.

 Despite a stagnant period in the second quarter of 2017, Việt Nam’s steel industry managed to turn a profit after significant earning in the first quarter, with prospect in the last five months as construction and real estates demand bounce back.

Việt Nam has become known for its remarkable feat in becoming an agricultural powerhouse in a relatively short time, but it seems that the benefits accrued to farmers are not commensurate with the country’s comparative advantages and efforts.

Online transport services that connect inter-provincial transport companies have reduced costs and helped reduce pollution by having fewer trucks on the road.

Việt Nam's trade deficit was estimated to have reached US$3.08 billion in the first seven months of this year, $380 million more than $2.7 billion in the first half, according to the latest data released by the General Statistics Office (GSO).

Starting yesterday, only pork with traceable origins is ostensibly allowed to enter HCM City’s two wholesale markets, but inspections by authorities found that only around 13 per cent of the pork in the markets actually had clear origins, according to the Department of Industry and Trade.

The Sài Gòn Phát Thịnh Joint Stock Company has been licensed by the Ministry of Finance to provide credit rating services, the first of its kind in Việt Nam.

Chinese tourist arrivals in Việt Nam reached 2.2 million during January to July, up 51 percent year on year, with the figure expected to rise thanks to the launch of a direct air route between Việt Nam’s Đà Nẵng city and China’s Zunyi city.

The private sector is an important driver of economic development, Prime Minister Nguyễn Xuân Phúc said at the second Việt Nam Private Sector Forum held in Hà Nội on Monday.

The central bank’s reduction in refinancing and rediscount rates is expected to help improve the efficiency of the banks’ bad debt settlement.

The Ministry of Finance has refused to reduce tax rates for the coal industry, citing the fact that tax reduction is beyond the Government’s authority.

Việt Nam can no longer rely on the increasing investment by the public sector and exploitation of natural resources to drive its economic growth in the future, the Prime Minister’s newly established economic council warned in its very first meeting.

As the demand for imported beef soars, Australian exporters are strengthening their market share in Việt Nam, but the situation is fraught with risk, experts say.