Việt Nam News

The HCM City People’s Committee has ordered all state-owned enterprises (SOEs) with 100 per cent charter capital owned by the State to fully publish information about their activities.

Prices of sand for construction continue to increase in HCM City, following authorities’ orders to strictly monitor sand mining sites for illegal activity.

Total non-performing loans (NPLs) of the entire credit institutions (CI) system until March 31, 2017 were VNĐ160 trillion (US$7 billion).

Prioritised sectors for investment include processing, supporting industry, urban and IZs infrastructure development, sea ports and maritime services in addition to high-tech agriculture, tourism and services.

The State Bank of Việt Nam (SBV) last week instructed credit institutions to continuously boost the lending programme for market stabilisation.

State-owned glass and construction ceramic corporation Viglacera started constructing a complex of apartment blocks for workers at Đồng Văn 4 industrial park in Hà Nam Province on Friday.

Australian-owned Gloria Jean’s Coffees recently decided to close its last store in Việt Nam, ending a 10-year stint in Hồ Chí Minh City and Hà Nội due to slow expansion, high rents and an unsuitable business model.

Eleven signatory countries of Trans-Pacific Partnership (TPP) have shown their unity in pursuing the trade deal without the United States.

Hà Nội Beer Alcohol and Beverage Joint Stock Corporation (Habeco) targets total revenue of over VNĐ8.8 trillion (US$390 million) in 2017, up 9.1 per cent year-on-year.

Việt Nam needs to develop an equitable and sustainable shrimp production chain, Đinh Xuân Lập, Deputy Director of the International Collaborating Centre for Aquaculture and Fisheries Sustainability (ICAFIS), said.

To reduce oversupply and help farmers, Vissan Co. Ltd will buy and slaughter an additional 200 to 300 pigs a day, raising the company’s additional purchases over the normal number to 500-600 pigs a day.

Vietnamese stock indices are expected to remain upbeat during upcoming trading sessions thanks to strong investor confidence and a shift in investment among local stocks.

Việt Nam is working to persuade Australia towards an early lift of its ban on import of Vietnamese shrimp and uncooked shelled shrimp.

Prices of oil and petrol products continued to decrease from 3pm on Saturday, following the latest price adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Trade representatives of the 21 Pacific Rim countries, meeting this weekend in Hà Nội, reaffirmed their commitment to support free and open trade and pledged to fight all forms of protectionism.

Trade ministers from the 21 Pacific Rim countries gathered during a major trade meeting on Saturday in Hà Nội to discuss future plans for regional trade co-operation amid growing fears of protectionism, as well as changes in politics, economies and technology.

Financial inclusion has been an accelerating global phenomenon recently, with financial services being  provided at affordable costs to disadvantaged and low-income segments to increase earnings, alternate social capital flow and promote economic growth, a conference heard on May 19 in HCM City.

Representatives from 21 member economies of the Asia-Pacific Economic Co-operation (APEC) have shared their experiences in promoting trade and innovation, as well as exploring activities that APEC can undertake to boost innovative growth in the region.