Việt Nam News

Vietnamese shares were mixed yesterday while blue chips pulled the benchmark VN Index down after a five-day rally.

Protection of intellectual property will be an essential factor to further innovation and economic growth of the country, an official with the Ministry of Science and Technology has said.

The Ministry of Finance (MoF) requested that the Bank for Investment and Development of Việt Nam (BID) and VietinBank (CTG) pay 2015 cash dividends to contribute to the State budget.

After more than 10 years of enforcing trade remedies laws, the number of trade investigations that Việt Nam initiated against imported products were finally able to be counted on one hand, heard a conference yesterday.

Vietnamese shares on both local markets extended rallies for a fifth day yesterday as increasing oil prices helped improve investor confidence in energy stocks.

The popularity and consumption of E5 bio-fuel remained below the government’s expectations due to inadequate support with regard to lowering its prices and ensuring supply.

 Exports of Vietnamese seafood products to South Korea are expected to increase strongly this year thanks to the free trade agreement between the two countries that took effect last December, according to the Korea Fishery Trade Association.

Risks arising from defective and rejected goods regularly occur in international trade, but parties can limit their risks by negotiating contracts.

Multidisciplinary conglomerate Vingroup signed co-operation contracts with nearly 250 local firms in 7 industries yesterday under its programme to support and promote domestic production.

The Government has approved a plan to establish a special committee, which will operate like a business, to manage capital at State-owned enterprises (SOEs). 

The State Bank of Việt Nam (SBV) on Monday instructed commercial banks to continue disbursement of the VNĐ30 trillion (US$1.3 billion) housing package for contracts signed before March 31, 2016.

The State Capital Investment Corporation (SCIC) will not divest State-owned investment capital from Viet Nam Dairy Products Joint Stock Company, known as Vinamilk, this year as planned.

The country generated more than US$67.7 billion from exports in the first five months of this year, surging 6.6 per cent against the same period last year, according to the General Statistics Office (GSO).

Logistics and supply chain management have significantly improved in recent years thanks to the Government’s policies as well as the perception of entrepreneurs, according to the Việt Nam Logistics Business Association (VLA).

Vietnamese shares struggled to stay positive for a fourth day on both local exchanges as property firms made gains on the central bank’s proposal to extend the housing stimulus package.

Vietnamese businesses should be active in seeking information about markets to further penetrate into distribution systems abroad to improve their export turnover, a minister has said.

The HCM City administration has instructed relevant departments to take targeted measures to help local retailers strengthen their competitiveness and retain market share before they lose out to foreign rivals.

A shortage of capital support for the part supplying industry is hindering the development of the sector, which is crucial for the country’s economic development, participants at a forum said yesterday.