New industrial revolution will be digitally-centered

Việt Nam should strengthen market-based reforms and invest in education and training in order to take advantage of opportunities arising from the next digitalisation-driven production revolution, experts have said.

Trade with Romania falls short

 Bilateral trade relations between Việt Nam and Romania still falls short of potential, a business conference heard yesterday in the capital.

FPG's steel mill in VN on hold

Formosa Plastics Group (FPG) yesterday confirmed that the scheduled launch date for operations at a subsidiary’s steel mill in Việt Nam has been postponed with no new schedule decided.

Oil prices drag VN stocks down

Vietnamese shares finished lower yesterday, erasing gains in the early session, as energy firms extended losses following another drop in crude prices.

Việt Nam smartphone subscription to triple

Việt Nam is expected to witness one of the largest growths in mobile broadband subscriptions in Southeast Asia together with Myanmar, Indonesia, Bangladesh and the Philippines, by 2021.

More food transparency urged

By voluntarily providing information about their products, food producers can win consumers’ trust, thus enhancing their competitiveness, a seminar heard in HCM City yesterday.

Credit growth surges 5.48% in first five months

Credit in the first five months of 2016 grew 5.48 per cent compared to the end of 2015, the highest for the past few years, according to the State Bank of Việt Nam’s Credit Department.

Institutional changes help boost economic growth

Slow institutional change is seen as a ‘bottle neck’ in boosting Việt Nam’s economy and growth in the context of world development during the next two decades, according to Nguyễn Văn Vịnh.

Successful integration needs stable economy

Fruitful economic stabilisation and restructuring along with ensured social welfare are the prerequisites for successful international economic integration, Deputy Prime Minister Vương Đình Huệ said.

Supporting industries need gov’t

Government incentives and support measures as well as promotions are necessary for the development of the supporting industry, according to the chief representative of the Japan External Trade Organistion’s (JETRO) HCM City office.

1337 Ventures: VN ecosystem doing well

Bikesh Lakhmichand, CEO and Founder of 1337 Ventures, speaks to Thu Huong Le on why 1337 Ventures has tapped into the Vietnamese market and the potential of cultivating young talent here.

Brexit to affect VN wood sector

Việt Nam’s exports of timber and wood products to the UK would be affected by Britain’s exit from the European Union (EU), industry insiders said.

Curtains for seven channels

As part of an ambitious television digitalisation plan, all analog stations in Ha Noi, HCM City and Can Tho will be switched off by August 15

VAMC to use cash to buy NPLs

The Việt Nam Asset Management Company (VAMC) this year will use cash, departing from the usual practice of using only special bonds, to buy non-performing loans (NPLs), officials said.

Textile exports inch up 6.1%

Garment and textile industry exports in the first five months of this year rose 6.1 per cent year-on-year to US$8.6 billion, according to the Ministry of Industry and Trade.

India, China economies to grow

While global economic growth is expected to continue at a slow pace, the economies of Southeast Asian countries, China and India still offer some encouraging signs, according to an update of the OECD Economic Outlook for Southeast Asia, China and India 2016.

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