Việt Nam News

Việt Nam’s pepper industry plans to focus on improving quality to ensure long-term growth and satisfy demand from import markets, an official of the Việt Nam Pepper Association (VPA) has said.

Vietnamese shares slid further on both local exchanges as investor confidence in financial firms remained low, following the US central bank’s announcement on Thursday.

 Fitch Ratings on Wednesday affirmed Việt Nam’s long-term foreign and local currency IDRs at ’BB-’ with a stable outlook.

The policy on national mobile number portability which will begin in Việt Nam early next year is a tool to boost the competitive market.

The biggest problem facing the Vietnamese aviation sector is the infrastructure at airports, especially at the Tân Sơn Nhất International Airport, heard a conference in Hà Nội this week.

Despite impressive past results, there is plenty of room to develop bilateral economic relations between Việt Nam and Cambodia further, Vietnamese Ambassador Thạch Dư told a business conference yesterday in Phnom Penh.

The Prime Minister has approved a project to develop the national ecosystem for start-ups by 2025 in an effort to fuel a start-up boom.

Insurance and finance conglomerate Bảo Việt Holdings (Bảo Việt) has set a target of VNĐ22.5 trillion (US$1 billion) in revenue and VNĐ1.19 trillion in after-tax profit this year, according to the company’s general shareholder meeting on Wednesday.

Finance markets will become more sophisticated and powerful in the near future, and this will pose a challenge if banks do not focus on renovating existing technology, financial experts warn.

Vietnamese shares slid for a second day on both local exchanges as investor confidence declined on expectations that a US rate hike in June and declining oil prices would send energy firms down further.

Although amendments to Circular 36 are needed, they should be implemented gradually to avoid policy risks and difficulties to commercial banks, online news portal Bizlive quoted bank officials as saying.

Việt Nam’s consumer loans hit a five-year record high of US$15.12 billion last year, according to a new report from local market research company StoxPlus.

The logistics industry in Việt Nam, which is expected to develop strongly in coming years, needs a new legal framework that would address future growth and its participation in a more competitive international environment, an official of  the Việt Nam Institute of Logistics said at a seminar held in HCM City yesterday.

Vietnamese shares finished lower on both local markets yesterday as investors took profits from blue chips’ gains and energy stocks fell on bumping oil prices.

Experts believe the central bank is loosening its monetary policies to support businesses and boost economic growth.

The pressure from growing foreign investments into the Vietnamese retail sector is forcing local retailers to improve their competitiveness in order to take on foreign rivals, a conference heard yesterday.

VinaCapital Vietnam Opportunity Fund (VOF) and VinaLand Limited (VNL) have transferred all their stakes in the 21st Century JSC to Khải Hưng Real Estate Co. Ltd.

The State Securities Committee (SSC) issued an administrative sanction against investor Trần Đức Minh for not declaring the change in his share-owning percentage on May 13.