Bình Dương hits 78% of FDI goal

The southern province of Bình Dương has fulfilled over 78 per cent of annual target when attracting almost US$1.1 billion of foreign direct investment (FDI) in the first half of this year, the provincial People’s Committee announced at the meeting with local companies late last week.

Not all that glitters is gold

Over the past five months, 47 gold jewellery traders here have been fined VNĐ1 billion for violating trademarks and selling jewellery with inaccurate gold content labeling.

841 servers hacked in Việt Nam

Kaspersky Lab researchers have identified a global forum where cybercriminals can buy and sell access to compromised servers for as little as US$6.

SME law to yield $19b in taxes

The law to support small and medium – sized enterprises (SMEs) will help generate over US$19 billion in taxes, according to an impact assessment by economic expert Lê Duy Bình.

Up to 72 percent of enterprises support TPP

The proportion of enterprises in Việt Nam showing support for the Trans-Pacific Partnership (TPP) rose from 62 per cent in 2014 to 72 per cent in 2015, according to the Vietnam Chamber of Commerce and Industry (VCCI)'s recent survey participated by about 1,000 businesses.

Australia OK’s lychee irradiation centre

Australia’s Department of Agriculture and Water Resources has certified that the Hanoi Irradiation Centre will irradiate Vietnamese lychees exported to the market.

Retailers must find competitive edge: experts

Domestic retailers must improve competitive ability as the sole way to compete with foreign retailers for their survival in the future, according experts in the retail industry.

Project lychee launched in the south

A district each in Bắc Giang and Hải Dương Provinces and 13 cities and provinces in the south, three wholesales markets in HCM City and retailers like Saigon Co.op, Big C, Lotte Mart and Satra agreed to increase consumption of the fruit.

Investor confidence lifts VN stocks

Vietnamese shares rebounded yesterday as investors became more confident on expectations that Great Britain may not leave the European Union and higher oil prices boosted energy stocks.

VN steel imports increase in May

Steel demand in Thailand, Malaysia, Indonesia, the Philippines and Việt Nam are expected to maintain a growth rate of 6 per cent next year despite exposure to China’s steel exports, according to World Steel Association (WSA).

State revenue from dividends still low

As of May, the Government’s revenue from dividends remained low at only VNĐ13.5 trillion (US$602 million), equal to only 25 per cent of the estimates for the year.

UN to fund VN industrial strategies

The Ministry of Industry and Trade (MoIT) and the United Nations Industrial Development Organisation (UNIDO) launched a project Friday to support the Vietnamese Government in building industrial strategies.

Gov’t urged to help TPP bidders

Government procurement commitments in the Trans-Pacific Partnership (TPP) agreement were discussed at a conference held here this week by the Public Procurement Agency under the Ministry of Planning and Investment.

US allows more VN catfish imports

The US Food Safety and Inspection Service (FSIS) has allowed an additional 12 Vietnamese catfish companies export to the US, raising the total number of exporters to 57.

Banks try loan rate cuts but seek Gov't help

Over a month after the State Bank of Việt Nam called on banks to cut interest rates on loans, particularly to businesses, some banks - including joint stock lenders - have reduced their rates by 0.5-1 per cent.

VN stocks could rebound on investor confidence

Vietnamese shares may bounce back this week, as exchange traded funds (ETFs) completed reviewing their investment portfolios, and oil prices had a strong recovery on Friday, to bolster investor confidence.

Listed firms must adopt IFRS in 2020

Firms listed on Việt Nam’s two stock exchanges in HCM City and Hà Nội will be the first to be required to adopt international financial reporting standards in 2020, a finance ministry official has said.

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