Việt Nam News

Thailand’s plan to accelerate sales of 11.4 million tonnes of rice in stockpiles within two months sparked concerns that it would hurt prices as well as Việt Nam’s rice exports. However, some people were optimistic that the impact would not be significant.

The new Boeing 787 Dreamliner of the national flag carrier, Vietnam Airlines, flew between HCM City and northern Hải Phòng City to celebrate the inauguration of Cát Bi international Airport on May 12.

The State Bank of Việt Nam (SBV) has entrusted relevant agencies to closely scrutinise the Panama Papers and act on the information in accordance with the country’s legal regulations.

With bad business results, stocks of some firms were trading at just half or one third of a glass of iced tea priced at VNĐ3,000 (13 US cents). However, some investors still seek their luck in such penny stocks.

A shortage of new large garment and textile projects caused foreign direct investment in HCM City’s manufacturing sector to fall this year compared to 2015, according to the HCM City Export Processing and Industrial Zones Authority (Hepza).

The Vietnamese government and State agencies are attempting to create favourable conditions for foreign investors, including those from South Korea, according to Deputy Minister of Industry and Trade Trần Quốc Khánh.

Accelerating the use of internet and mobile technology will be essential for Việt Nam's banking system as the country looks to reach international standards, experts said during The Asian Banker Summit 2016 in Hà Nội yesterday.

Developing the e-payment system together with improving the trust of consumers was critical for an e-commerce boom in Việt Nam, experts said at a conference yesterday.

Vietnamese shares advanced on both local markets yesterday, led by large-cap stocks such as banking, insurance and technology firms.

Việt Nam and the United Arab Emirates (UAE) agreed to increase trade promotion activities, facilitate market access and intensify ties between the Vietnamese and UAE Chambers of Commerce and Industry.

Building sustainable business models in Việt Nam is challenging, and for Vietnamese and international companies the road to sustainability is still bumpy, according to experts at a seminar.

Việt Nam News reporter Ngọc Bích talks with the State Bank of Việt Nam’s Governor Lê Minh Hưng about the opportunities and challenges that the banking system will face in the near future.

Ten domestic commercial banks have been piloting Basel II, a set of banking regulations put forth by the Basel Committee on Banking Supervision, since late last year, as part of measures required by the State Bank of Việt Nam to restructure the local banking system.

Factoring services for merchandise exports in Việt Nam will become more essential than ever before as the country integrates more deeply into the international economy, the secretary general of Việt Nam Banks Association (VNBA) said yesterday at an international factoring conference held in HCM City.

Việt Nam’s targeted growth rate of 6.7 per cent for this year may be too ambitious given both macro and micro economic conditions, said Nguyễn Đức Thành, President of the Vietnam Institute for Economic and Policy Research (VEPR) yesterday at a conference.

The Directorate for Roads of Vietnam (DRVN) has suggested that Uber and Grab taxis should have signs on their cars to differentiate them from conventional taxis.

The rate of IPv6 usage in Việt Nam was reported at only 0.03 per cent, 300 times lower than the world’s average rate at 10.4 per cent.

The northern province of Quảng Ninh will continue to improve the investment climate and sharpen competition in a move to facilitate investment in the agricultural sector, said the provincial People’s Committee chairman Nguyễn Đức Long.