VN, Romania to boost two-way trade

Việt Nam and Romania should foster bilateral relations in potential sectors and accelerate exchanges of high level delegations and business communities in order to draw up new practical measures to increase future two-way trade.

Industry and trade urged to restructure: PM

Prime Minister Nguyễn Xuân Phúc urged the industry and trade sectors to accelerate restructuring and renew management towards a market-based economy and strive to maintain export growth at at least 10 percent.

PVN told to grow by restructuring

The Việt Nam National Oil and Gas Group (PVN) should promote further restructuring of its enterprise and products to increase competition and efficiency in operations, Deputy Prime Minister Trịnh Đình Dũng said.

Higher Q2 earnings push banks up

Vietnamese shares yesterday rebounded from a two-day decline as banks advanced on second-quarter profits and higher oil prices pushed energy stocks up.

Hậu Giang projects to cost $660m

The Mekong Delta’s Hậu Giang Province has called for investment in 33 projects valued at US$660 million, including seven large projects that require US$330 million in registered capital.

HCM City - Long Thành - Dầu Giây tolls to be cut

Toll fees on the HCM City – Long Thành – Dầu Giây Expressway, from National Highway 51 to Đồng Nai Province’s Dầu Giây District, will be reduced by 10 per cent beginning in August, according to the Việt Nam Expressway Corporation (VEC).

 

 

Firms optimistic about H2 results

Most local enterprises are optimistic about production and business in the second half of this year, according to the General Statistics Office (GSO).

VN hotel startup raises $3m

Vietnamese online hotel booking start-up vntrip.vn yesterday said it got US$3 million from a group of foreign investors led by Fenghe Group and Hancock Revocable Trust.

Networks defend 3G capacity

While customers of all mobile networks complain about slow 3G services, network operators say their 3G network capacity is large and speed is sufficient.

Firms busted for tax fraud

Multi-level marketing companies have been discovered indulging in tax fraud worth several billion Vietnamese dong and the sale of fake goods, the Ministry of Industry and Trade’s Competitive Management Department said.

Better performance forecast for banks in H2

Business performance at commercial banks is forecast to continue its upwards trend this quarter after making some improvements in the first half of the year, a State Bank of Việt Nam (SBV) survey said.

VN rice exports plunge

Việt Nam’s rice exports in the first half of the year fell by 32 per cent over the same period last year, mostly due to competition from other countries.

SME law must meet business expectations

Policy-makers yesterday were called on to build the law on supporting small- and medium-sized enterprises (SMEs) in a way that helps narrow the gap between policies and expectations of businesses.

Car sales surge in June

Vietnamese people bought more than 24,400 cars in June, an increase of 31 per cent compared with the same period last year, the Vietnam Automobile Manufacturers' Association said.

SFC wants to buy more than 30 per cent of Foodsaco

Sài Gòn Fuel Joint Stock Company (SFC) registered to buy over 9.7 million shares, or nearly 33 per cent, of stakes in HCM Food One Member Company (Foodcosa) when the firm auctioned its shares in an initial public offering this week.

NEWS FROM MEDIA-OUTREACH

E-paper