Việt Nam News

The domestic property market this year would see “hot” development as Việt Nam would be one of five best prospective markets in the Asian region, experts said.

To strengthen safety controls for imported food products, the Ministry of Health (MOH) issued Circular No. 52/2015/TT-BYT, dated December 21, 2015, on state inspection protocols to ensure the safety of imported food products, detailing the documents needed for the application dossier and the procedure for granting a certificate for exported food products under the administration of the MOH (Circular 52). Accordingly, all such imported food products are subject to a state inspection for safety, conducted by inspection agencies designated by the MOH.

Vietnamese Ambassador to Norway Lê Thị Tuyết Mai urged Norwegian businesses to enhance investments in Việt Nam at a conference held by the Norwegian Ministry of Foreign Affairs, Ministry of Trade, Industry and Fisheries and the Vietnamese Embassy in Norway in Oslo, on Monday (May 16).

The Tiên Phong Commercial Joint Stock Bank (TPBank) announced it had stopped hackers from attacking the SWIFT system, reported VietnamPlus.

Vietnamese shares extended gains for a second day on both local exchanges as energy stocks continued to be lifted by higher oil prices and debt-laden firms received good responses from creditors.

Technology holds the key to banks’ development, especially with the country’s increasing global integration, a seminar heard in HCM City yesterday.

The HCM City People’s Committee has approved the Pet Fish Development Programme in 2016-20 with the aim of developing a sustainable pet fish industry.

Last week several banks cut their lending interest rates on the recommendation of the State Bank of Việt Nam.

The Việt Nam Association of Seafood Exporters and Producers (VASEP) has asked the supermarket chain Big C to refrain from asking for higher discount rates from Vietnamese suppliers, and has recommended a maximum rate of 15 per cent.

Vietnamese shares may decline this week as leading sectors continue to seek profits after recent gains and companies expect no good news to support investor sentiment, brokerage firms and analysts forecast.

Prime Minister Nguyễn Xuân Phúc recently asked the Ministry of Industry and Trade to sell Thái Nguyên Iron and Steel Joint Stock Company (TISCO) and invest in their new factory.

The process of restructuring commercial banks in Việt Nam mostly focusses on mitigating negative effects and not on promoting positive factors, one of which is the increase in private ownership.

 Ignoring current stock market regulations - and continuous urging from the community of investors - the two largest brewers in Việt Nam.

Though non-performing loans (NPLs) at commercial banks are being kept under control at below 3 per cent, their potentially irrecoverable debts remain high.

Việt Nam’s tuna exports to China have risen sharply this year but exports to traditional markets like the US, EU and Japan have fallen, according to the industry association.

Vietnamese shares rose on both local markets yesterday, beating the earlier forecast as energy stocks benefited from higher oil prices.

Bình Sơn Refining and Petrochemical Co (BSR), which operates and manages Dung Quất Oil Refinery, has asked the Ministry of Finance for permission to calculate the petrol selling price themselves.

It was critical for Việt Nam to tighten natural resources consumption tax policies to improve budget collection from exploitation activities, while a number of resources were facing exhaustion, experts said.