Việt Nam News

Many US businesses have shown interest in investing in HCM City, Trần Vĩnh Tuyến, deputy chairman of the city People’s Committee, has said following a visit to the US at the head of a city delegation to promote trade and investment.

Non-performing loans (NPLs) as of the end of May accounted for 2.78 per cent of the entire banking system’s total outstanding loans.

Hà Nội will have 96 sales points in 12 districts to provide special and safe farm products to the local people.

Hà Nội enjoyed relatively high economic growth in the first half of the year with good performances in the service and industry-construction sectors, officials said at a municipal People’s Council meeting on Monday.

Shares extended losses yesterday on the two exchanges as investors increased selling out on fears of further downward risks.

The total revenue from retail trade and services hit US$89.6 billion during the first seven months of this year, up 9.4 per cent year-on-year, according to the General Statistics Office (GSO).

The southern province of Bình Dương has remained an ideal destination for South Korea’s investors who are promising to pour more money to the province in the near future, heard a meeting between the provincial leaders with companies late last week.

Authorities from the northern province of Vĩnh Phúc have assured enterprises from the Czech Republic of favourable conditions for them when investing in their province.

Research recently conducted by Oxford Economics says that the mobile internet sector may contribute US$5.1 billion to Việt Nam from 2015 to 2020, it was revealed at a workshop yesterday.

Despite challenges ahead, aquatic exports are expected to reach US$7.1 billion this year, a rise of 8 per cent over last year, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).

HCM City will undertake activities this year to boost manufacturing and supporting industries, according to the local Department of Industry and Trade.

Asian investors have recently poured a significant amount of capital into the Mekong Delta, but only a few of them have gone to the agriculture sector.

Việt Nam’s government inspectorate will conduct a comprehensive inspection of MobiFone Telecommunications Corporation’s business transaction in which it acquired a 95 per cent stake in Audio Visual Global JSC (AVG).

The Republic of Korea (RoK) is the largest investor in the southern Bình Phước Province.

FPT Corporation has been selected as the main investor of Myanmar’s national financial switching system.

Vingroup (VIC) asked its shareholders for the issuance of about 484.5 million additional shares to increase the charter capital from the capital surplus, according local media.

Many auto businesses have been anxiously waiting for the Government’s final decision on the auto import permission law.

Consumer goods producer Masan Group (Masan) nearly tripled its net profit to more than VNĐ1 trillion (nearly US$46 million) in the first six months from a year ago.