Việt Nam News

Viet Nam lacks the legal wherewithal to deal comprehensively with dubious multilevel marketing companies operating in the country, officials say.

The country’s total retail sales and services revenue reached VNĐ1,267.9 trillion (US$56.7 billion) in the first four months of this year, a year on year increase of 6.7 per cent.

Vietnamese stock indices may rise further and test their resistance levels this week on higher investor confidence, bolstered by positive developments in global political conditions and good earnings reports.

Loss-making enterprises that are not eligible for privatisation must strictly implement restructure, merger or bankruptcy.

The 2017 Vĩnh Long expo on industry and trade opened on Sunday and will last until May 5 in the southern province of Vĩnh Long, attracting 92 enterprises from inside and outside the province.

Two major credit rating agencies, Moody’s and Standard & Poor’s (S&P), on Friday affirmed Việt Nam’s sovereign rating, citing the country’s strong foreign direct investment (FDI) inflows, macroeconomic and external stability and modest external debt burden.

Although Long An Province has taken the lead in foreign direct investment (FDI) attraction in Mekong Delta, it is still undertaking different measures to improve its competitiveness and investment climate.

Foodstuff producer Kido Group (KDC) has decided to acquire major stakes in Vietnam Vegetable Oil Industry Corporation (Vocarimex) in a deal worth nearly VNĐ1 trillion (US$44 million).

Start-up businesses that focus on green growth will have the opportunity to receive funding and access to comprehensive business development support services from the Việt Nam Climate Innovation Centre (VCIC).

Around 300 firms will present Thailand’s internationally recognised brands to Vietnamese consumers at Top Thai Brands 2017, a trade fair organised in HCM City from May 11 to 14.

The Ministry of Agriculture and Rural Development and the Đồng Nai administration on Thursday discussed measures to rescue the southern province’s pig-farming industry following the precipitous drop in the prices of live pigs.

The HCM City RealEstate Association (HoREA) wants the Government to invest VNĐ1-2 trillion (US$43.8-97.6 million) every year in 2018-20 to support social housing developers and buyers.

State Bank of Việt Nam (SBV) has urged commercial banks and card issuers to ensure smooth operation of automatic telling machines (ATMs) during the forthcoming Reunification Day (April 30th) and International Labour Day (May 1st).

The Vietnamese power industry is undergoing unprecedented transformation, navigating it requires full understanding across the entire energy ecosystem, said expert.

Vietnamese firms have been urged to improve their production processes so that export products can meet new regulations set by importing countries, experts have said.

Shares advanced for a second session in the two local markets on Friday as investor confidence remained positive before the national holiday.

Việt Nam’s TSV Investment JSC and Singapore’s wind energy developer The Blue Circle kicked off the construction of Đầm Nại wind project in Ninh Thuận Province on Friday.

The Ministry of Agriculture and Rural Development (MARD) has launched a logo design contest for Vietnamese rice trademark, aimed at promoting the reputation of the country’s rice.