Việt Nam News

Telecom group Viettel’s Bankplus has been the winner of the gold award at the 11^th Annual 2016 IT World Awards held in San Francisco yesterday. This is the first time a Vietnamese IT product has been honoured with the prestigious award.

Significant increases in the number of new businesses and investments this year indicate improvements in confidence, driven by the Government’s efforts to improve the business climate and promote entrepreneurship.

Exports of agricultural, forestry and fishery products in the first half of 2016 rose 5.4 per cent year-on-year to US$15.05 billion, according to the Ministry of Agriculture and Rural Development.

The HCM City Department of Industry and Trade has launched a programme to help businesses develop brand names and add more value to key products.

Thái Nguyên has ranked third in terms of export value for the first five months of this year, according to the General Department of Customs.

The provision of irradiation services for fresh fruit exports in Hà Nội has created many benefits for enterprises, experts have said.

Vietnamese shares struggled to close mixed yesterday, covering some losses as local stocks were attractive to investors after plunging on Britain’s decision to leave the European Union (EU) last week.

The total foreign direct investment (FDI) registered in the country in the first half of the year reached more than US$11.2 billion, the Foreign Investment Agency (FIA) said.

As one of the leading trade and financial centres of the world, Hong Kong is a potential business partner who could also help Vietnamese companies link up with their global counterparts, a top Vietnamese official has said.

The legal status and progress of properties would be made available to the public in order to reduce the risks for home buyers, according to an HCM City official.

VinaTrucking, the first Vietnam Transport Trading Floor has been operational for more than five months, but it has failed to meet expectations and attract transporters and freight operators.

The Ministry of Finance is drafting a proposal on corporate income tax applicable for small and medium-sized enterprises (SMEs) in the next five years.

The Ministry of Transport has submitted a draft decree on conditional business lines. According to the draft, a new airline must have capital of at least VNĐ100 billion (US$4.66 million).

Việt Nam seemed to have adopted a loose monetary policy - an expanded national monetary supply easilly accessible to citizens to encourage economic growth. But it has not done so. 

Viettel has invested US$50 million in an AAE-1 sea fibre-optic cable offshore station at Vũng Tàu that is set to operate by the end of the year.

The National Office of Intellectual Property has granted protection under geographical indication for Long Khánh rambutan, which is grown in the southeastern province of Đồng Nai.

Vietnamese shares may continue to fall this week as local markets have not understood fully how Britain’s vote to leave the European Union (EU) could affect Việt Nam’s economy, threatening to pull down investor confidence, securities analysts warned.

Early alarm bells have been rung about the potential imbalanced development in supply and demand in the realty market.