
(VEN) - The Ministry of Finance has drafted a proposal for a National Assembly resolution on corporate tax reductions for small and medium sized enterprises (SMEs).

Hindustan Computers Limited (HCL) is planning to establish an information technology (IT) centre in Ho Chi Minh City with the capacity of training and recruiting around 10,000 engineering technologists within the next five years.

The Vietnam Association of Accountants and Auditors (VAA) organized its 6th Congress of delegates (term 2019-2024) and held a ceremony on May 26, in Hanoi, to mark its 25th anniversary and receive the Labour Order, first class.

The monetary market’s liquidity has remained stable and foreign currency supply and demand are relatively balanced amidst the uptrend of USD/VND exchange rates over the last few days, an official from the State Bank of Vietnam (SBV) has assured.

(VEN) - According to the Foreign Investment Agency under the Ministry of Planning and Investment, Hanoi led the country in attracting foreign direct investment (FDI) in the first quarter of the year.

A 125 million USD credit has been approved by the World Bank (WB) Board of Executive Directors to assist Ho Chi Minh City in strengthening the institutional foundations for sustainable urban development.

(VEN) - With a population of 10 million, Hanoi has huge demand for food, striving to meet it by promoting investment in local agricultural development. The city is calling for investment in nine high-tech agricultural zones to enhance product quality, create value chains for spearhead products and promote exports.

Despite credit growth among Vietnamese credit institutions remaining low this year, experts are not concerned about the slowdown, saying it was a good sign for the economy.

Prime Minister Nguyen Xuan Phuc welcomed the opening of an office of the Austrian Federal Economic Chamber (WKO) in Vietnam and urged Austrian firms to invest in the country.

The Sai Gon Safari Park has been added to the list of projects in which Ho Chi Minh City is soliciting investment, said Director of the city’s Department of Planning and Investment Le Thi Huynh Mai.

(VEN) - Small and medium enterprises (SMEs) account for 98 percent of all businesses in Vietnam, and about 60 percent of them are facing capital shortages because they cannot obtain loans from banks and investment funds. Helping them access funding is important in order to allow them to bring their potential into play.

The State Bank of Vietnam (SBV) will grant more autonomy in terms of capital mobilisation and lending to commercial banks, SBV Deputy Governor Dao Minh Tu said on May 16.

The Ministry of Transport (MOT) held a conference on May 17 to call for investment in a number of sections of the eastern North-South Expressway.

The Ministry of Finance (MoF) held a conference in Hanoi on May 16 to examine the one-year implementation of the Law on Management and Use of Public Assets.

(VEN) - A delegation of Malaysian automobile businesses recently came to Vietnam to look for investment opportunities.

Vietnam wants to receive support from the Japan Bank for International Cooperation (JBIC) in the developing power projects, Prime Minister Nguyen Xuan Phuc has said.

The People’s Committee of the northern province of Ha Nam on May 15 granted investment certificates to two large projects in the locality.

Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) has agreed with Minh Phu Seafood Joint Stock Company (“Minh Phu”), the world’s biggest shrimp integrator from farming to processing and sales, to acquire a 35.1 % equity interest of Minh Phu.

Vietnam will auction over 600 tons of coins, whose minting has been stopped for years now because of their lack of popularity.

The northern province of Bac Ninh is looking to lure more Korean investments, pledging to create the best conditions for both large corporations and small- and medium-sized enterprises to invest in the province, Chairman of the provincial People’s Committee Nguyen Tu Quynh has said.

Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has affirmed that the SBV will direct monetary policy in a proactive, flexible, and cautious manner, and in harmony with fiscal and other macro-economic policies to curb inflation, maintain macro-economic stability, and fuel economic growth.

The Mekong Delta city of Can Tho wishes to receive Canadian investments in high-tech agriculture so that local staples can meet stringent requirements in some foreign markets.

(VEN) - Contactless payment is becoming increasingly popular in Vietnam, in addition to contact payments and QR codes, attracting consumers with its convenience and high safety.

The People’s Committee of Hai Phong and Japanese Minato Vietnam held a groundbreaking ceremony for a complex of two apartment and commercial buildings along the Lach Tray River, Le Chan district, in Hai Phong city, on May 11.