Việt Nam News

Great Britain’s exit from the European Union (EU) will not immediately affect trade relations between Việt Nam and the country, an official from the Central Institute for Economic Management (CIEM) said.

The announcement of suspension of the Central Mining and Mineral Import Export Joint Stock Company (MTM) ’s shares by the Hà Nội Stock Exchange (HNX) has shocked investors.

Trade between Việt Nam and South Africa has great potential for development with cooperative ties in many sectors, South African Ambassador Kgomotso Magau said yesterday during a seminar and business matching event held in HCM City.

Government approval for importing 100,000 tonnes of sugar will help meet demand in the local market, but cannot bring down prices because the distribution system is poor, economists say.

New decrees are to liberate productive forces, facilitate businesses and people, and drive development.

The 2016 Lục Ngạn - Bắc Giang Litchi Week in Hà Nội kicked off at the Big C Thăng Long Supermarket today. The event will run through June 30.

Terms for special bonds issued by the Việt Nam Asset Management Company (VAMC) to buy non-performing loans (NPLs) from credit institutions will be extended to ten years in some cases, according to a State Bank of Việt Nam newly-issued regulation.

The fast-growing number of foreign investors has led to an expansion of industrial manufacturing in Việt Nam, especially for local production.

The National Financial and Monetary Policy Advisory Council will concentrate on dealing with the reorganisation of credit institutions and State-owned enterprises, and handling bad debts during the rest of the year.

City authorities have assured local and foreign investors that they will continue to meet with them regularly to discuss obstacles impeding their business and possible solutions.

A representative from the Vietnamese tax watchdog said it was important to clarify the legal basis for taxing Uber and Uber taxi drivers in order to prevent tax avoidance.

Vietnamese shares were volatile and closed mixed yesterday as investors remained cautious ahead the voting that decides Britain’s membership in the European Union (EU).

Việt Nam Public Bank’s pre-tax profit is expected to fall by 8 per cent year-on-year to VNĐ65 billion (US$2.9 million), on a revenue of VNĐ5.5 trillion, in 2016.

Việt Nam’s foreign exchange reserves, exclusive of gold, reached a record high of US$38 billion in mid-June, said State Bank of Việt Nam Governor Lê Minh Hưng.

To avoid fines for inadequate compliance with provisions of the law, PLF suggests newly-established enterprises should pay heed to the following issues:

While many enterprises welcome the idea of establishing a stock exchange for start-up businesses, they also expressed concerned about the feasibility of such an exchange.

The number of tier-1 Vietnamese vendors joining Samsung’s supply chain has tripled from 4 to 12 last year, attendees at a workshop and exhibition heard.

Vietnamese shares struggled to remain positive yesterday, although investors remained upbeat ahead of Britain’s vote on the country’s membership of the European Union, energy stocks suffered from lower oil prices.