Việt Nam News

Việt Nam’s foreign exchange reserves, exclusive of gold, reached a record high of US$38 billion in mid-June, said State Bank of Việt Nam Governor Lê Minh Hưng.

To avoid fines for inadequate compliance with provisions of the law, PLF suggests newly-established enterprises should pay heed to the following issues:

While many enterprises welcome the idea of establishing a stock exchange for start-up businesses, they also expressed concerned about the feasibility of such an exchange.

The number of tier-1 Vietnamese vendors joining Samsung’s supply chain has tripled from 4 to 12 last year, attendees at a workshop and exhibition heard.

Vietnamese shares struggled to remain positive yesterday, although investors remained upbeat ahead of Britain’s vote on the country’s membership of the European Union, energy stocks suffered from lower oil prices.

The law to support small and medium – sized enterprises (SMEs) will help generate over US$19 billion in taxes, according to an impact assessment by economic expert Lê Duy Bình.

Giant foods and flavours producer Kido Group (KDC) has reported sales of  over VNĐ3.1 trillion (US$136 million) for fiscal year 2015.

The proportion of enterprises in Việt Nam showing support for the Trans-Pacific Partnership (TPP) rose from 62 per cent in 2014 to 72 per cent in 2015, according to the Vietnam Chamber of Commerce and Industry (VCCI)'s recent survey participated by about 1,000 businesses.

Australia’s Department of Agriculture and Water Resources has certified that the Hanoi Irradiation Centre will irradiate Vietnamese lychees exported to the market.

Domestic retailers must improve competitive ability as the sole way to compete with foreign retailers for their survival in the future, according experts in the retail industry.

A district each in Bắc Giang and Hải Dương Provinces and 13 cities and provinces in the south, three wholesales markets in HCM City and retailers like Saigon Co.op, Big C, Lotte Mart and Satra agreed to increase consumption of the fruit.

Vietnamese shares rebounded yesterday as investors became more confident on expectations that Great Britain may not leave the European Union and higher oil prices boosted energy stocks.

Steel demand in Thailand, Malaysia, Indonesia, the Philippines and Việt Nam are expected to maintain a growth rate of 6 per cent next year despite exposure to China’s steel exports, according to World Steel Association (WSA).

As of May, the Government’s revenue from dividends remained low at only VNĐ13.5 trillion (US$602 million), equal to only 25 per cent of the estimates for the year.

A startup fair was held this weekend for the first time in this central city, targeting startup and entrepreneurship development.

Government procurement commitments in the Trans-Pacific Partnership (TPP) agreement were discussed at a conference held here this week by the Public Procurement Agency under the Ministry of Planning and Investment.

The US Food Safety and Inspection Service (FSIS) has allowed an additional 12 Vietnamese catfish companies export to the US, raising the total number of exporters to 57.

Over a month after the State Bank of Việt Nam called on banks to cut interest rates on loans, particularly to businesses, some banks - including joint stock lenders - have reduced their rates by 0.5-1 per cent.