Việt Nam News

Việt Nam could face numerous difficulties in reaching its export value target for this year because of low growth in total exports for the first four months, experts said.

The domestic food production industry has great potential for development but local firms need to revamp production and study consumer trends to compete with foreign rivals, experts say.

Twenty one southern cities and provinces will colaborate in the development of a farm-produce chain to ensure safe, quality products reach the market, according to the HCM City Investment and Trade Promotion Centre (ITPC).

Successful entrepreneurs inspired young people at a discussion last Friday about start-up businesses powered by information and technology (IT).

The Ministry of Science and Technology hopes to promote incubation of technology businesses by having a comprehensive legal framework, improving links between research institutes, universities and businesses and commercialising research outcomes.

Vietnamese stock markets may increase this week, on expectations that the two-day visit of the US president to Việt Nam will boost investor confidence, analysts said.

The nation’s sugar industry might be harmed by increased imports of sugar if the Ministry of Industry and Trade’s proposal to import an additional 200,000 tonnes is approved.

Pressure from ensuring liquidity, meeting rising credit demands and purchasing Government bonds has caused commercial banks to hike their savings interest rates to attract depositors.

Large banks have asked the government to increase the cap for foreign stakeholders in the banks from the current stipulated 30 per cent to more than 40 per cent.

Deputy Minister of Information and Communications Nguyễn Thanh Hưng said that the workshop on information safety between ASEAN and Japan will enhance and strengthen the relationship between the two.

Hundreds of trillions of đồng in preferential loans will be provided for social housing development, according to president of the Việt Nam Real Estate Association Nguyễn Trần Nam.

Hòa Phát Construction Stone will delist HPS shares from May 30 because the company terminates the existence due to merger, according to Hanoi Stock Exchange (HNX).

Prime Minister Nguyễn Xuân Phúc has urged the Ministry of Finance to complete drafting of a decree on a voluntary pension (superannuation) fund for approval by the end of May.

Việt Nam’s pepper industry plans to focus on improving quality to ensure long-term growth and satisfy demand from import markets, an official of the Việt Nam Pepper Association (VPA) has said.

 Fitch Ratings on Wednesday affirmed Việt Nam’s long-term foreign and local currency IDRs at ’BB-’ with a stable outlook.

The policy on national mobile number portability which will begin in Việt Nam early next year is a tool to boost the competitive market.

Vietnamese shares slid further on both local exchanges as investor confidence in financial firms remained low, following the US central bank’s announcement on Thursday.

Although amendments to Circular 36 are needed, they should be implemented gradually to avoid policy risks and difficulties to commercial banks, online news portal Bizlive quoted bank officials as saying.