Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

Real estate firms reach final stage of restructuring

Việt Nam-China import-export turnover reaches $117 billion

The import-export turnover between Việt Nam and China set a new milestone when reaching nearly US$117 billion last year.

Vietnamese central bank invited to become BIS member

The State Bank of Việt Nam (SBV) has been invited to become a member of the Bank for International Settlements (BIS), the first expansion of the prestigious international financial institution's central bank membership base since 2011.

Economy

Việt Nam’s monetary policies do not create unfair gains in international trade: SBV

The State Bank of Việt Nam (SBV) will be consistent in regulating monetary policies according to market developments, with no aim for an unfair competitive edge in international trade.

Economy

Fair offers specialties for Tết holiday

A variety of food and fruit from across the country are on display at the Spring Fair 2020 which kicked off on Tuesday at the Hà Nội International Exhibition Centre.

Economy

Discounts drive car sales in Viet Nam

Nearly 400,000 cars were sold in the Vietnamese market in 2019 thanks to valuable gift and discount programmes, which were launched at the beginning of the year, said the Vietnam Automobile Manufacturers’ Association (VAMA).

Economy

Steel industry not likely to have the best of times in 2020

The Vietnamese steel industry is expected to face difficulties this year due to an increase in production capacity, falling demand and protectionist measures by countries to reduce imports, according to experts.

Economy

TTC exports second batch of molasses to Australia

Thành Thành Công Trading Joint Stock Company, a member of the Thành Thành Công Group, has exported 500 tonnes of molasses to Australia to help alleviate a shortfall across Queensland state caused by an ongoing drought.

Economy

City to focus on improving investment, trade promotion

The Investment and Trade Promotion Centre of HCM City will focus on improving trade promotion in terms of both quality and quantity to help Vietnamese firms better exploit their markets.

Economy

Trà Vinh celebrates 120th anniversary of establishment

Prime Minister Nguyễn Xuân Phúc applauded Mekong Delta Trà Vinh Province for its socio-economic development while addressing a ceremony held on Tuesday to celebrate the 120th anniversary of the province’s establishment.

Economy

MoF announces 13 market makers for debt market

Thirteen commercial banks and securities firms will be allowed to join the debt market or Government bonds (G-bonds) market in Việt Nam this year.

Economy

HCM City customs hopes to exceed tariff collection target

The HCM City Department of Customs wants to surpass its tariff revenue target by 3-5 per cent this year.

Economy

Stocks rebound but short-term outlook gloomy

Vietnamese shares bounced slightly Tuesday with improved trading liquidity, but market sentiment remained weak.

Economy

Hải Phòng remains attractive for investors: official

This year Hải Phòng aims to continue to improve the business investment environment and create the best conditions for businesses to expand production and improve competitiveness.

Economy

IFC investor group no longer VietinBank’s major shareholder

The International Finance Corporation (IFC) investor group is now no longer a major shareholder of Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), after selling more than 55.7 million shares of the bank.

Economy

Tax watchdog to enhance inspection this year

The General Department of Taxation plans to inspect tax compliance at 19.5 per cent of businesses in 2020, the department’s Director Cao Anh Tuấn said on Tuesday.

Economy

KMS Solutions ties up with US’s Infor for warehousing, financial solutions

Software company KMS Solutions yesterday (Jan 14) announced it had entered into a strategic partnership with the US’s Infor in business cloud software to help Vietnamese businesses digitise warehousing and financial management.

Economy

Ford Vietnam adds $82 million to automobile project

Ford Vietnam announced on Tuesday it would invest an additional VNĐ1.9 trillion (US$82 million) into expanding its automobile assembly and production factory in the northern province of Hải Dương.