Giải báo chí 70 năm ngành Công Thương

The first phase of the plant, invested with US$30 million by the Tin Nghia Coffee Company, is designed to produce 3,200 tonnes of coffee products per year.

The customs sector collected over VND284.2 trillion (US$12.14 billion) in taxes as of November 30, a year-on-year rise of 7.27%.

(VEN) - Vietnam’s southeastern localities, including Ho Chi Minh City and Binh Duong, Dong Nai, and Ba Ria-Vung Tau provinces are preparing strategies to attract higher-quality foreign direct investment (FDI), giving priority to investment in high technology and service industries.

Chairman of the Hanoi People’s Committee Nguyen Duc Chung welcomed a delegation from the German city of Leipzig in Hanoi on December 3, who are in the capital city to learn about opportunities for cooperation, investment, and trade.

Vietnamese Ambassador to Turkey Tran Quang Tuyen met more than 10 member enterprises of the Foreign Economic Relations Board of Turkey (DEIK)’s Turkey-Vietnam Business Council as part of his recent working tour to Istanbul. 

The Asian Development Bank (ADB) has approved a US$100 million policy-based loan, aimed at developing Vietnam’s finance sector in order to support long-term economic growth and tackle income inequality.

Accelerating administrative reforms, improving business climate, and enhancing competitiveness are parts of the Mekong Delta province of An Giang’s efforts to attract more investments.

The retail banking segment has contributed significantly to banks’ revenue this year.

Chairman of the Hanoi People’s Committee Nguyen Duc Chung had a working session on December 3 with the Republic of Korea’s Lotte Chairman Shin Dong-bin on the group’s business results in 2018 and its plan to expand investment in the capital city in the time to come.

The Central Highlands province of Gia Lai sought investors for 22 projects at an investment promotion conference in Ho Chi Minh City on November 23.

(VEN) - A large number of Vietnamese people choose to deposit their money into a bank to keep their money secured and lucrative. Their deposits nowadays can be much better secured with deposit insurance services offered by the Deposit Insurance of Vietnam (DIV). In cases where the bank collapses, depositors will have their savings paid by the DIV.

The State Bank of Vietnam (SBV) is drafting a new circular on foreign currency lending, allowing credit institutions and foreign bank branches to extend loans to some borrowers in 2019 instead of cutting them off at the end of this year as planned.

(VEN) - In the first 10 months of 2018, Vietnam attracted US$27.9 billion in foreign direct investment (FDI) capital, equal to 98.8 percent of the sum invested in the same period last year, according to the latest data of the Ministry of Planning and Investment’s Foreign Investment
Agency (FIA).

Hanoi has lured approximately US$6.5 billion in foreign direct investment since the beginning of this year, making it the country’s largest six-month FDI attractor for the first time.

Ho Chi Minh City is pleased to welcome Japanese enterprises and organisations, particularly Chiba Prefecture, to visit and seek cooperation and investment opportunities.

(VEN) - According to the Ministry of Planning and Investment, a growing number of Vietnamese enterprises and financial institutions are  participating in supply chain finance (SCF) operations, facilitating access to operating capital by small to medium-sized enterprises (SMEs).

A Japanese-invested plant specialising in manufacturing, processing and assembling plastic, rubber and metal components for machines and equipment was inaugurated in the northern province of Ha Nam on November 23. 

Vietnamese Minister of Finance Dinh Tien Dung held talks with his Chinese counterpart Liu Kun in Beijing on November 27 as part of his working visit to China from November 25-30.

South Korean banks are setting themselves up to score big in Vietnam as foreign ownership limits would be loosened.

Viet Thang Long An Feed mill, the first of its kind with automation technology in the Mekong Delta region, was put into operation at the Nhut Chanh Industrial Zone in Ben Luc district, Long An province, on November 24.

(VEN) - As more than 80 percent of e-commerce transactions in Vietnam are still cash-on-delivery, tax authorities are unable to oversee the activities, resulting in losses for the state budget. Given the steady expansion of e-commerce in Vietnam, promoting e-payments has become a priority.

(VEN) - Ba Ria - Vung Tau is a dynamic province that has always been a leader in attracting foreign investment. Recently, a delegation visited the Republic of Korea (RoK) and Japan to present the advantages and incentives of doing business with and in the southern province.

The Ministry of Finance recently issued Decision No.2141/QD-BTC on reducing and simplifying 176 administrative procedures under its management.

(VEN) - Vietnam and Romania recently signed a memorandum of understanding on investment promotion and a memorandum of understanding on small- and medium-sized enterprise development, opening up opportunities for Vietnam to lure Romanian capital.

A workshop sharing Germany’s experience in the field of housing finance was held in Hanoi on November 21 by the the Vietnam Bank for Social Policies (VBSP) and the German building society, Bausparkasse Schwabisch Hall AG (BSH). 

Foreign-invested companies in the southern region are speeding up investments and preparing for opportunities as Vietnam is poised to join the Comprehensive and Progressive Agreement for Tran-Pacific Partnership (CPTPP).

A working delegation from the Mekong Delta city of Can Tho will pay a visit to Japan in the first quarter of next year to promote trade and investment in the locality.

Prime Minister Nguyen Xuan Phuc suggested Sumitomo Mitsui Banking Corporation (SMBC) further expand its investment in Vietnam during a reception in Hanoi on November 22 for President of Sumitomo Mitsui Financial Group (SMFG) and SMBC President Koichi Miyata.

As planned, the transfer of state ownership of Vietnam’s 19 leading corporations and groups from five ministries to the Committee for Management of State Capital in Enterprises has been completed after the committee officially came into operation.

An Phat Holdings JSC (APH), An Son Textile Fiber JSC and PetroVietnam’s Petrochemical and Textile Fiber Joint-Stock Company (PVTEX) officially introduced the new AnPoly yarn at Dinh Vu polyester fibre plant on November 16, paving the way to re-opening the whole plant in 2019.