Việt Nam News

Gold jewellery and other gold articles with less than 95 per cent gold content enjoy zero export duty rates from September 1, under Decree No 122/2016/NĐ-CP

At the Ministry of Industry and Trade’s first-ever auction on sugar import quotas yesterday, eleven firms won bids. 

Phạm Thiết Hòa, director of HCM City’s Investment and Trade Promotion Centre, said the city was creating the best conditions to attract more investors by developing a clean land fund, improving the quality of infrastructure, and expanding the number of industrial parks and export processing zones. 

French and Vietnamese companies signed two trade agreements at the France – Việt Nam Business Forum held in HCM City yesterday to mark the visit of French President Francois Hollande.

Vietnamese shares fell further yesterday, driven down by dairy firm Vinamilk while foreign investors remained net sellers for six consecutive sessions.

Vietnamese should take the initiative to join business forums and participate in trade fairs and exhibitions in the United Arab Emirates (UAE) to understand the market, experts have said.

Eight auctions were organised on the two national stock exchanges in August, bringing in a total of VNĐ2.83 trillion (US$127 million) for issuers.

There is huge potential for Vietnamese and Japanese firms to co-operate in many areas, including use of information and communication technologies in agriculture and food processing, a conference heard in HCM City yesterday.

The Việt Nam Textile and Garment Group (Vinatex) inaugurated its new garment factory, worth nearly VNĐ127 billion (US$5.7 million), in the central province of Nghệ An late last week.

Việt Nam has imported roughly US$2 billion of animal feed during the first eight and a half months of this year, down 6.2 per cent from the same period a year ago. 

A delegation of business executives representing nine companies based in Turkey’s Antalya city yesterday met with their counterparts in HCM City to exchange information and explore business opportunities.

The Government has allowed Bình Son Refining and Petrochemical Co Ltd (BSR) to make its own price mechanism after the company has repeatedly called for support to improve the competitiveness of its products.

Moody’s Investors Service on Monday placed on review for upgrade the long-term credit ratings of seven Vietnamese banks.

The pressure on the budget deficit will likely increase in the remaining months of this year due to the anticipated rapid rise of investments in capital construction.

Several Vietnamese air carriers yesterday signed agreements with European aircraft maker Airbus in Hà Nội to buy 40 airplanes during an official visit by President Francois Hollande.

Vietnamese shares were mixed for a second day as blue chips fell on late selling and energy stocks rebounded on rising crude prices.

Vietjet today clinched a deal valued at some US$2.39 billion with Airbus to buy 20 more A321 aircraft.

The State Securities Commission has approved PAN Group JSC’s lifting of the limit of foreign ownership in the company’s capital.