Giải báo chí 70 năm ngành Công Thương

Vietnam’s Ministry of Finance has submitted a draft decree to the government proposing to abolish and simplify a total of 117 business regulations under its jurisdiction.

Vietnamese experts and businesses have reaffirmed the country’s interest in strengthening its investment and trade partnership with Cuban partners during Cuba’s third Investment Forum as part of the 36th Havana International Fair (FIHAV 2018).

Bao Minh Textile Joint Stock Company inaugurated a textile factory at the Bao Minh industrial park in the northern province of Nam Dinh on October 30.

Commercial banks in Vietnam have posted impressive growth, with profits doubling or even tripling over last year’s first nine months.

Governor of the State Bank of Vietnam (SBV) Le Minh Hung shed some light on issues regarding collaboration among ministries and agencies in monitoring monetary, fiscal, and macro policies during the ongoing sixth session of the 14th National Assembly in Hanoi on October 29. 

(VEN) - Things are looking up for foreign-owned investment funds in Vietnam, reflecting the attractiveness of the domestic investment environment and opening up opportunities for Vietnamese businesses to integrate more deeply into the world economy.

VP Bank Finance Company Limited (FE CREDIT), one of the largest credit card issuers in Vietnam, scored a hat-trick of gongs at the 5th Annual Cards and Electronic Payments International (CEPI) Asia Awards 2018.

Foreign investors pledged to pour US$27.9 billion into Vietnam in the first ten months of 2018, down 1.2% compared with the same period of last year, according to the Foreign Investment Agency.

The State Bank of Vietnam (SBV) held a conference in Hanoi, on October 25, to review the Financial Sector Modernisation and Information Management System (FSMIMS) project.

A business delegation from Tokyo capital city of Japan had a working session with leaders of the northern province of Ha Nam October 25 to inquire about the local investment environment.

Citi announces the launch of Commercial Cards in Vietnam, offering a comprehensive suite of innovative payment solutions for corporate clients.
 

Many banks have reported good business performance in the first nine months of the year thanks to decreasing provision costs and rising income from services.

Foreign direct investment (FDI) has helped boost socio-economic development in the northern mountainous province of Yen Bai, contributing to shifting the economic structure, creating more jobs and improving locals’ living conditions.

The southern province of Ba Ria-Vung Tau popularised its investment opportunities and attraction policies at the Republic of Korea Trade-Investment Promotion Agency in Seoul last week.

(VEN) - Vietnam’s public debt stood at 61.37 percent of the gross domestic product (GDP) at the end of 2017 and government debt hit 51.8 percent of GDP, according to a report by the Ministry of Planning and Investment on management and use of government loans.

(VEN) - Prime Minister Nguyen Xuan Phuc told participants at a recent conference that while foreign investment plays a pivotal role in Vietnam’s economy and development, most foreign-invested firms still use mid-level technologies and only few global high-tech corporations operate in the country.

(VEN) - The latest data from the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) shows that in the first nine months of this year, Vietnam attracted an additional US$25.37 billion in foreign direct investment (FDI) from 104 countries and territories, representing 99.6 percent of the amount in the same period last year.

The Hanoi State Treasury must collect 1.3 trillion VND (around US$55.5 million) per day for the budge to fulfill the target set for the whole year, said its director Dao Thai Phuc at a recent meeting.

Vice Chairman of the People’s Committee of the Mekong Delta city of Can Tho Truong Quang Hoai Nam vowed to provide all possible support to Singaporean firms to do business in the locality, during a Singapore-Can Tho trade and investment promotion seminar on October 17. 

A seminar introducing the strengths and incentives of the Mekong Delta province of Hau Giang to Indian firms took place in New Delhi on October 11. 

(VEN) - Vietnam Economic News’ reporter Minh Long spoke with Stephen Wyatt, CEO of JLL Vietnam, about how regulations and the current situation of the Vietnamese financial sector might influence the economy.

(VEN) - In the first eight months of 2018, Ho Chi Minh City (HCMC) attracted US$5.18 billion of foreign direct investment (FDI), maintaining its position as the country’s top investment draw.

Deputy Prime Minister Vuong Dinh Hue has urged the Shinhan Card Co., Ltd. of the Republic of Korea (RoK) to develop an ecosystem for financial technology (fintech) firms in Vietnam in training workforce and applying scientific-technological advances.

Japanese Mai Tin food company commenced the construction of a plant, specialising in seafood processing and preserving, at the Nhon Hoi Economic Zone in Quy Nhon city, Binh Dinh province on October 10.

Consumer finance companies have been cutting credit growth to focus more on tightening internal governance and selecting solvent customers to target a safer and healthier development.

VinFast Trading and Production Limited Liability Company (VinFast) has entered into a US$950 million financing agreement guaranteed by Euler Hermes and the German Export Credit Agency (ECA) to support the country’s first automotive and motorcycle manufacturing complex, Vinfast announced in its press release.

The central province of Nghe An has so far this year granted investment licences to 82 projects with a total registered capital of 7.58 trillion VND (US$325 million), representing decreases in both number of projects and registered capital.

The State Bank of Vietnam (SBV) will likely continue its tightened monetary policy in the remaining months of the year after its decision to strictly control lending to high risk sectors in the third quarter didn’t adversely affect the country’s economic growth, according to experts.

(VEN) - DKSH’s Business Unit Performance Materials, a leading ingredients and specialty chemicals distributor, has expanded its operations in Vietnam by opening a new state-of-the-art 3,600 square meter distribution center in Dong Nai Province.