Giải báo chí 70 năm ngành Công Thương

The Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) has been honored by the financial publication Asiamoney as the best bank for corporate social responsibility in Vietnam.

Fruit and vegetables manufacturer Nafoods has signed a memorandum of understanding with the Tay Ninh authorities to develop a special zone in the southern province to grow fruits for exports.

The total credit into the Vietnamese economy as of September 20 rose 9.52% against the end of 2017, according to the General Statistics Office (GSO).

"The economy of the capital city continues to expand with good socio-economic results. The national defence and social order are ensured while the Party building and the political system are consolidated," said Secretary of Hanoi Party Committee Hoang Trung Hai at the 15th meeting of the Hanoi Party Committee on October 1.

(VEN) - Many provinces and cities across the country have given priority to foreign direct investment (FDI) attraction in some high-tech industries, such as information technology, electronics, social media analytics (SMA), engineering, automation, biotechnology, new materials, education, training of high-quality human resources, research and development, and public health care.

The establishment of the Committee for Management of State Capital (CMSC) aims to improve accountability for the use and management of State capital in business operations, thereby preventing loss and wastefulness, Deputy Minister of Planning and Investment Le Quang Manh told a press conference in Hanoi on October 1. 

Prime Minister Nguyen Xuan Phuc hosted separate receptions in Hanoi on October 3 for Youn Chul Kim, President of Hanwha Techwin, and Spencer Damian White, Managing Director of Delta Offshore Energy Pte Ltd.

Opening doors to attract foreign direct investment (FDI) is the correct policy, contributing to the successful implementation of important socio-economic development goals in the past 30 years, thus making the FDI sector an indispensable part of the Vietnamese economy.

The Mekong Delta province of Tra Vinh has taken actions to attract more investors, especially foreign businesses.

The London-based financial and business information firm FTSE Russell has added Vietnam’s stock market to its watchlist for possible reclassification as a secondary emerging market, according to an announcement from the Ho Chi Minh City Stock Exchange (HOSE) last week.

Vietnam has drawn a growing number of big Thai corporations to invest in its huge domestic market of 96 million people, a new trend that should be closely watched by Thai economic planners, as stated by The Nation, an English-language daily newspaper in Thailand, in its recently published article, entitled “Why Vietnam is such a magnet for baht”.

(VEN) - Aymar De Liedekerke Beaufort, who heads BNP Paribas in Vietnam, explained why the country was attractive to foreign banks, and how his bank has contributed to the nation’s growth.

(VEN) - Foreign investment in the form of capital contribution and share purchase in Vietnam has increased in recent years. According to experts, it will sharply increase in the coming time as the investment environment is gradually improving.

The Committee for Management of State Capital (CMSC), known as the “super committee”, made its debut in Hanoi on September 30 in the witness of Prime Minister Nguyen Xuan Phuc.

A conference on promoting investment between the Mekong Delta province of Dong Thap and the Australian Business Group in Vietnam took place in Ho Chi Minh City on September 27. 

Vietnam’s finance and banking sector has reduced its ratio of non-performing loans (NPLs) – including both NPLs owned by credit institutions and the Vietnam Asset Management Company – from 17.2 percent in 2012 to 6.7 percent at the end of June 2018.

Vietnam has attracted US$25.37 billion worth of FDI capital in the first nine months of this year, or 99.6 pct of last year’s figure, the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment, has announced.

Foreign investors have poured into Vietnam’s e-wallet sector as they see huge growth potential in the market in the wake of the Government’s plan to reduce cash payments to below 10 percent of the total payment transaction by 2020.

(VEN) - In the first six months of this year, premiums collected by Deposit Insurance of Vietnam (DIV) were 16 percent higher than in the same period last year.

Microfinance, with easy access to capital, is an effective measure to strengthen the confidence of women and encourage their engagement in production activities, thus improving incomes and reducing poverty, stated Deputy Governor of the State Bank of Vietnam Nguyen Kim Anh.

According to statistics of Lam Dong province’s Planning and Investment Department, a total of 103 foreign-invested projects with combined registered capital of around US$530 million are operating in the province. Among the projects, 88 are fully owned by foreign investors, accounting for most of the FDI capital (US$454 million).

The total import-export tax revenue through e-tax payment of the customs sector reached 191.145 trillion VND (US$9.2 billion), accounting for 95 percent of the total revenue to the State budget, from January 1, 2018 to September 5, 2018, the Vietnam government portal (VGP) reported.

The Republic of Korea’s Kolon Industries Binh Duong Co. Ltd opened a plant in the southern province of Binh Duong on September 18 to manufacture polyester tyre cord fabrics. 

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has offered to sell 45.6 million shares it is holding in the Vietnam Export-Import Joint Stock Commercial Bank (Eximbank).

(VEN) - The Vietnamese food and beverage market has recorded significant growth in recent years, attracting the attention of domestic and foreign businesses.

The Mekong Delta province of Kien Giang has approved a list of 81 projects calling for investment until 2020, said Chairman of the provincial People’s Committee Pham Vu Hong.

Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong voiced his hope that Hong Kong (China), as a leading financial center of Asia and the world, will share its experiences in financial management, helping HCM City become a financial hub of the region.

Calling for investment in agriculture to optimise the potential and strengths of the locality is a priority of the Mekong Delta province of Ben Tre, said Cao Van Trong, Chairman of the provincial People’s Committee at a conference promoting investment to the sector on September 18.

Ho Chi Minh City will adopt incentives to encourage the private sector to develop social housing for sale and rent due to the city’s shortage of affordable homes for low-income families and industrial park workers.

The central province of Phu Yen is determined to improve its business climate and enhance investment promotion to attract capable investors who can help exploit its untapped potential.