Việt Nam News

Việt Nam Gold Trading Association (VGTA) chairman, Nguyễn Thành Long, asked the central bank and the Ministry of Finance to set up a national gold trading floor to mobilise gold from local people.

Viet Nam News spoke with Tharabodee Serng-Adichaiwit, general manager of Bangkok Bank Public Company Limited in Viet Nam, about the investment trend.

Ministries and sectors, along with local authorities, must promote their roles and coordination to help improve the domestic business environment and enhance national competitiveness, in accordance with a Government resolution.

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.

Domestic private companies should get equitable treatment, especially in the context of the country’s increasing international integration, a seminar heard in HCM City on Monday.

Việt Nam could reach upper-middle income status (US$22,000 purchasing power parity per capita) by 2035 by growing with sustainability, equity and social inclusion, and being a capable and accountable State, a World Bank official has said.

The HCM City Startup Investment and Innovation Fund was launched yesterday to support business start-ups by youths.

The domestic property market this year would see “hot” development as Việt Nam would be one of five best prospective markets in the Asian region, experts said.

The Tiên Phong Commercial Joint Stock Bank (TPBank) announced it had stopped hackers from attacking the SWIFT system, reported VietnamPlus.

Vietnamese Ambassador to Norway Lê Thị Tuyết Mai urged Norwegian businesses to enhance investments in Việt Nam at a conference held by the Norwegian Ministry of Foreign Affairs, Ministry of Trade, Industry and Fisheries and the Vietnamese Embassy in Norway in Oslo, on Monday (May 16).

Technology holds the key to banks’ development, especially with the country’s increasing global integration, a seminar heard in HCM City yesterday.

Vietnamese shares extended gains for a second day on both local exchanges as energy stocks continued to be lifted by higher oil prices and debt-laden firms received good responses from creditors.

To strengthen safety controls for imported food products, the Ministry of Health (MOH) issued Circular No. 52/2015/TT-BYT, dated December 21, 2015, on state inspection protocols to ensure the safety of imported food products, detailing the documents needed for the application dossier and the procedure for granting a certificate for exported food products under the administration of the MOH (Circular 52). Accordingly, all such imported food products are subject to a state inspection for safety, conducted by inspection agencies designated by the MOH.

The HCM City People’s Committee has approved the Pet Fish Development Programme in 2016-20 with the aim of developing a sustainable pet fish industry.

Last week several banks cut their lending interest rates on the recommendation of the State Bank of Việt Nam.

The Việt Nam Association of Seafood Exporters and Producers (VASEP) has asked the supermarket chain Big C to refrain from asking for higher discount rates from Vietnamese suppliers, and has recommended a maximum rate of 15 per cent.

Vietnamese shares may decline this week as leading sectors continue to seek profits after recent gains and companies expect no good news to support investor sentiment, brokerage firms and analysts forecast.

Prime Minister Nguyễn Xuân Phúc recently asked the Ministry of Industry and Trade to sell Thái Nguyên Iron and Steel Joint Stock Company (TISCO) and invest in their new factory.