44,700+ firms set up in 5 months

There were more than 44,700 newly established enterprises in Vieät Nam with total capital of VNĐ349.5 trillion (US$15.5 billion) in the first five months of this year.

No discrimination in debt trading

There must be no discrimination in regulations with regard to debt trading between domestic and foreign participants, Deputy Prime Minister Vương Đình Huệ has said.

HCMC expands affordable drugs plan

Under HCM City’s price stabilisation programme, 563 locally produced drugs in 21 categories will be sold at 5-10 per cent lower than market prices until next March, according to the city Department of Health.

Sabeco plans a decreased pre-tax profit in 2016

The local biggest brewer Sài Gòn Beer-Alcohol-Beverage JSC (Sabeco) planned VNĐ35 trillion (US$1.56 billion) in sales this year, a 4 per cent increase over 2015 and a pre-tax profit of VNĐ4.2 trillion.

EU-funded project for shrimp development

The International Collaborating Centre for Aquaculture and Fisheries Sustainability and Oxfam have kicked off a project for sustainable and equitable shrimp production and value chain development in the Cửu Long (Mekong) Delta.

Low confidence pulls stocks down

Vietnamese shares returned to negative territory on both local markets yesterday as investors remained worried about a possible US interest rate increase in June and slower recovery of China’s economy.

Deal to help VN textile companies go global

TUV SUD, one of the world’s leading service providers in testing, inspection, audit and certification yesterday signed a memorandum of understanding (MOU) with the HCM City Association of Garment Textile Embroidery and Knitting (AGTEK) to help its members access global markets.

Dollar deposit rate of above 0% proposed

The central bank should evaluate the possibility of raising the interest rate on US dollar deposits instead of keeping it at zero per cent as it currently is to avoid side effects.

Exporting produce to Korea

A seminar and business meeting themed “Korean food market access”, supporting Vietnamese businesses boost farm product exports to the South Korean market, was held in Hà Nội on May 24, 2016.

HCMC suggested for VSE

HCM City Party Secretary Đinh La Thăng yesterday repeated his wish to locate the Việt Nam Stock Exchange (VSE) in HCM City at a meeting held with Deputy Prime Minister Vương Đình Huệ in the city.

Obama praises VN’s entrepreneurial spirit

US President Barack Obama discussed the status of the Trans-Pacific Partnership (TPP) trade agreement and Việt Nam’s entrepreneurial growth during a talk with 100 young businesspeople after a brief meeting with the Secretary of HCM City’s Party Committee Đinh La Thăng yesterday.

VN Index ends four-day decline

Vietnamese shares ended with mixed results on the two local exchanges yesterday while investors remained cautious as local markets lacked supporting information.

VN’s cashew industry booming

Việt Nam’s cashew industry is expected to enjoy strong export growth in the coming years, especially shipments to the US, according to the Việt Nam Cashew Association.

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