Japanese retailers to expand in VN

With its population of over 90 million, Việt Nam is considered a promising market for Japanese retailers, and firms like 7-Eleven, FamilyMart, Lawson and Ministop have all revealed plans to either enter or expand their business in the country.

VN web domain usage promoted

 The Việt Nam Internet Network Information Centre and HCM City’s Information and Telecommunication Department signed a co-operation agreement yesterday.

Firms win nat’l quality awards

The Ministry of Science and Technology yesterday named 77 Vietnamese enterprises that will be granted a 2015 National Quality Award.

Pyramid schemes under spotlight

Minister of Industry and Trade Vũ Huy Hoàng has called for quarterly re-evaluations of multi-level marketing firms, or pyramid schemes, operating across the country.

Foreign shops driving rent up

More foreign shops such as France-based Auchan and US-based 7 – Eleven convenience stores will lead to competition for rental spaces, particularly in downtown HCM City, according to a new report.

Fuel prices rise

The prices of RON 92 petrol and E5 bio-fuel increased VNĐ670 (30 US cent)and VNĐ570 per litre, respectively, as of 4.30 pm on March 21.

Five Vietnamese firms named on ’Asia 300’ list

Japanese business publication Nikkei Asian Review recently listed the 300 largest companies in Asia (Asia 300), which include including the Vietnam Dairy Products Joint Stock Company (Vinamilk) and four other Vietnamese companies.

Investors optimistic for 2016

Vietnamese investors are expecting more transactions from State-owned enterprises’ (SOE) equitisation rather than by private/family firm owners.

Middle income trap a risk: experts

Việt Nam needs to shift from a low middle-income to higher-income nation and avoid the middle-income trap by reforming policy content, structure and organisation, heard an international seminar.

Local banks ploughing money into aviation sector

The Việt Nam Technological and Commercial Joint Stock Bank (Techcombank) will pick up a 49 per cent stake in VASCO after committing to inject VNĐ147 billion into the restructured carrier.

PM okays petrol tax changes

Prime Minister Nguyễn Tấn Dũng has approved calculation of petroleum import tax based on weighted average of the tariffs, taking into account Most Favoured Nation (MFN) status and Free Trade Agreement (FTA).

VN shares to rise on higher investor confidence

Vietnamese shares may rise this week, as investor confidence has improved following positive macroeconomic news, Sài Gòn-Hà Nội Securities Corporation (SHS) wrote in its weekly report.

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