DIV must get larger role: Deputy PM

The Law on Deposit Insurance should be amended to give the Deposit Insurance of Việt Nam (DIV), a non-profit state financial organisation, more independence in managing risk at credit institutions, according to Deputy Prime Minister Vương Đình Huệ.

Three Vietnamese start-ups receive funds

Eight out of 14 start-ups of the Topica Founder Institute (TFI) introduced their products and called for investment at the Topica Founder Showcase 2016, held in Hà Nội on Wednesday.

Project boosts traditional goods

After three years of implementing the One Commune One Product (OCOP) programme, patterned after similar efforts in Japan and Thailand, the northern province of Quảng Ninh has improved the quality and commercial potential of more than 280 traditional products.

VN joins 4th industrial revolution

Việt Nam must build a creative and sustainable eco-system for the Internet of Things (IoT) in order to take part in the international IoT supply chain and achieve a turnover of US$10 billion by 2020, a technology insider has said.

Many cheated buyers fail to act

Up to 44 per cent of consumers whose rights were violated when purchasing goods do not report the problem, the Ministry of Industry and Trade’s Việt Nam Competition Authority (VCA) reported yesterday.

Over 50 VN firms exhibit in Thailand

 More than 50 Vietnamese enterprises are showcasing their products at the Việt Nam Goods Fair 2016 in Thailand, which kicked off at the Central Word Plaza in Bangkok on Thursday.

Market retreats from 3-week high

Shares retreated yesterday on the two national stock exchanges after bank and milk shares, the driving force of the market this week, lost steam and declined steeply.

Gov't aims to lift agricultural exports

The Ministry of Agriculture and Rural Development is seeking to create measures to tackle falling exports of major farm products, to assure it reaches its goal of US$30 billion in export revenues of the agro-forestry-fishery sector for 2016.

Laws must be unified: experts

Việt Nam should change regulations in the Investment Law and Business Law as soon as possible to remove barriers in trading and investments, heard attendants at a conference held in Hà Nội yesterday.

Credit rises 8.54% by July 29

Credit rose 8.54 per cent by July 29 against late last year while mobilised capital surged 9.94 per cent, the State Bank of Việt Nam reported yesterday.

Steel prices set to increase

Domestic steel prices are expected to rise in the near future, thanks to increasing construction demand, the real estate market’s recovery and high consumption, Việt Nam Steel Association (VSA) said.

Power sector asked to help reduce housing costs

The HCM City Real Estate Association on Wednesday asked the local Electricity of Việt Nam (EVN HCMC) branch to pay for building the electricity grid for projects being incurred by developers.

Local exchanges to launch common index

HCM City and Hà Nội stock exchanges will launch a common index in October, financial news website ndh.vn reported, citing a southern bourse's report.

Quảng Ngãi urged to improve competitiveness

Prime Minister Nguyễn Xuân Phúc urged Quảng Ngãi Province to continue to improve its competitiveness, as he addressed an investment promotion conference in the province yesterday.

Korean-VN sausage deal delayed

Daesang Corp, a South Korean food-making conglomerate, has yet to complete its purchase of an almost full stake in Vietnamese sausage producer Đức Việt Food Joint Stock Company, which was rumored to be finished by August 5.

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