Việt Nam News

HCM City is working on a logistics development strategy that would make the city a major logistics hub and reduce logistic costs to 16 per cent of Việt Nam's GDP in 2025.

Interest rates in the domestic market are expected to remain stable until the end of the year, buoyed by good liquidity and proper credit growth, said Phạm Thanh Hà, director of the State Bank of Việt Nam (SBV)’s Monetary Policy Department.

After three years, VOF earned $80 million in proceeds from dividend and sales proceeds with internal rate of return (IRR) of the investment being 86 per cent.

The country is set to make the transition to the modern market economy, to spur the development of science and technology, to unleash its private sector’s potential and to invest in education for younger generations.

Vietnamese shares advanced on Thursday as attention was shifted to banking, securities, technology and retail companies.

India’s setting of quotas for Việt Nam’s incense stick exports to this country has caused domestic incense stick production and export enterprises to face bankruptcy.

A draft Vietnam Socio-Economic Development Strategy (SEDS) for 2021-2030 listed the country’s top objectives as to fully embrace a modern market economy that adheres to global norms and standards, to establish legal frameworks for new business models, the digital economy and protect the environment.

Phát Đạt Real Estate Development JSC (HoSE: PDR) wants to buy back half of its bonds issued in April.

The Prime Minister announced import tax on crude oil will be scrapped from the current rate of 5 per cent.

The auction will be held at the Ha Noi Stock Exchange on October 10, 2019 and the volume of shares offered for sale is equal to 31.88 per cent of the firm’s charter capital.

In August, net profit was VNĐ30 billion.

The company’s general director Hoàng Anh Dũng plans to increase his ownership in the business to 27.68 per cent from the current 0.05 per cent.

Representatives of the blockchain industry in Việt Nam have asked for a ‘sandbox’ for the technology while meeting with Government agencies at a conference on Wednesday in Hà Nội.

The company said total revenue in the last financial year was VNĐ890 billion (US$38.3 billion), 1.2 per cent lower than the full-year target.

Renewable energy has great potential to meet growing demand if it has appropriate policies and financial support.

Việt Nam has implemented many solutions according to the European Commission (EC)’s nine recommendations to remove the yellow card warning on the country’s fishing industry. In November, the EC will come to Việt Nam for the second time to check and re-evaluate the implementation of these recommendations.

Việt Nam has climbed in the ranking of best countries in which to invest this year, surpassing other Southeast Asian nations, such as Malaysia, Singapore and Indonesia.

Vietnamese businesses are proudly presenting their products at the “Vietnamese Week in Thailand 2019”, which officially opened on September 18 in Bangkok, Thailand.