Việt Nam News

The Ministry of Planning and Investment is developing a plan on restructuring the economy by 2020 aiming to renovate the growth model towards improving efficiency and competitiveness of the economy.

Vietnamese shares may continue to decline this week as investors could take short-term profits from blue chips and speculative stocks on their significant improvements, securities firms and analysts said.

Start-ups in the technology sector are on the rise in the world and Việt Nam is no exception, delegates told a seminar in HCM City on Saturday.

About 43 State-owned enterprises (SoEs), including six corporations, were cleared for equitisation in the first seven months of this year, the finance ministry said.

Việt Nam’s foreign exchange reserves, inclusive of gold, hit a record high of US$38 billion in mid-June, according to HSBC’s Macro-Prospect Report.

A transportation system connecting eight provinces to the Southern economic hub of HCM City remains underinvested, hindering the development goals of the region that has contributed over 60 percent of the country’s State budget during the past ten years.

A programme to select the top 50 IT firms in Viet Nam in 2016 was officially kicked off by VINASA (Vietnam Software and IT Service Association).

Commercial banks have called for customers to use caution when using telephones and the internet, as hackers may steal from them.

Laptop sales have plateaued despite companies launching new products to stimulate the market, with insiders blaming it on the economy and a switch by consumers to tablets.

The Law on Deposit Insurance should be amended to give the Deposit Insurance of Việt Nam (DIV), a non-profit state financial organisation, more independence in managing risk at credit institutions, according to Deputy Prime Minister Vương Đình Huệ.

Eight out of 14 start-ups of the Topica Founder Institute (TFI) introduced their products and called for investment at the Topica Founder Showcase 2016, held in Hà Nội on Wednesday.

The Vietnamese Government is encouraging public-private partnerships, a mode of investment that has been successfully tried in many countries.

After three years of implementing the One Commune One Product (OCOP) programme, patterned after similar efforts in Japan and Thailand, the northern province of Quảng Ninh has improved the quality and commercial potential of more than 280 traditional products.

Việt Nam must build a creative and sustainable eco-system for the Internet of Things (IoT) in order to take part in the international IoT supply chain and achieve a turnover of US$10 billion by 2020, a technology insider has said.

Up to 44 per cent of consumers whose rights were violated when purchasing goods do not report the problem, the Ministry of Industry and Trade’s Việt Nam Competition Authority (VCA) reported yesterday.

 More than 50 Vietnamese enterprises are showcasing their products at the Việt Nam Goods Fair 2016 in Thailand, which kicked off at the Central Word Plaza in Bangkok on Thursday.

Shares retreated yesterday on the two national stock exchanges after bank and milk shares, the driving force of the market this week, lost steam and declined steeply.

The Ministry of Agriculture and Rural Development is seeking to create measures to tackle falling exports of major farm products, to assure it reaches its goal of US$30 billion in export revenues of the agro-forestry-fishery sector for 2016.