Việt Nam News

HCM City’s Industrial Production Index increased by 5.7 percent in the first quarter, the highest growth rate in the past five years.

Japanese oil firm Idemitsu Kosan Co.,Ltd (Idemitsu) and its partner Kuwait Petroleum International Ltd. (KPI) applied to register a joint venture company in Việt Nam to sell petroleum products.

Some of the listed companies with foreign currency loans faced with lower business results in the first quarter this year due to higher prices from forex differences and a ban in foreign currencies lending.

The business-to-consumer (B2C) e-commerce sales in Viet Nam reached US$4.07 billion last year, increasing 37 per cent compared to that of the previous year.

The application of trade defence instruments must ensure harmonisation of interests between producers and consumers in the long term, Hồ Nghĩa Dũng, president of the Việt Nam Steel Association said.

The Vietnam Environmental Industry Association called for the creation of incentives to promote the development of the industry at a conference in Hà Nội last week.

Iron and steel used for tyre bead wire production will enjoy a preferential import tax rate of zero per cent from May 2, the Ministry of Finance announced in a recent circular.

Vietnamese stock markets may decline this week as lower crude prices, resulting from the disagreement between major oil producers on Sunday, may drag energy stocks down.

With nearly half of its seafood exports going to Trans-Pacific Partnership member nations, Việt Nam expects the trade deal to further boost exports to these markets, according to the Việt Nam Association of Seafood Exporters and Producers (Vasep).

The Government of Myanmar has granted a licence to Việt Nam’s military-run Telecommunications Group (Viettel) to invest in building a modern telecommunication network across the country.

The largest local commercial bank, Vietcombank (VCB), will increase their charter capital to over VNĐ39.7 trillion (US$1.78 billion), said chairman Nghiêm Xuân Thành at the bank’s general shareholder’s meeting yesterday.

The Việt Nam-Korea Business Forum took place in Seoul on Thursday with the focus on opportunities for small- and medium-sized enterprises (SMEs).

Việt Nam saw US dollar deposits overseas skyrocketing, possibly due to foreign currency policies implemented by the central bank, the Việt Nam Institute for Economic and Policy Research (VEPR) said.

Banking, finance and insurance employees had the highest income across all sectors in Việt Nam in 2014, with an average income of about VNĐ195 million (US$8,660) per year.

 The positive development of the local economy was the continued growth of the domestic property market in the first quarter of this year, according to experts.

Vietnamese shares were mixed on the two local exchanges yesterday, while investors tried to take profits from advancing stocks.

Việt Nam needs a comprehensive competition policy to ensure a wholesome and fair competition in the market economy, said Nguyễn Đình Cung, director general of the Central Institute for Economic Management (CIEM).

Big C supermarket chain has launched the Big C Baby Club to provide mothers an opportunity to shop for their children at competitive prices