|Vietnam receives 12.25 bln USD in remittances in 2015|
Vietnam received 12.25 billion USD in remittances in 2015, the Sai Gon Giai Phong (Liberated Saigon)’s newspaper reported.
|Electricity and power market monitoring centre launched|
Deputy Prime Minister Hoang Trung Hai cut a ribbon at the National Electricity Moderation Centre (A0) on January 6 to inaugurate a new centre for monitoring and operating the power system and market.
|Oil falls to 11-year low, Saudi-Iran row seen making output restraint unlikely|
Oil fell to its lowest in more than 11 years on Wednesday, down around 2 percent, as the row between Saudi Arabia and Iran was seen extinguishing any chance of major producers cooperating to cut production in the face of mounting global over supply.
|VN border trade to reach $30b in 2016|
Border gate trade among Viet Nam, China, Laos and Cambodia in 2016 is expected to reach US$30 billion, Nguyen Cam Tu, deputy minister of Industry and Trade said.
|Vietnam targets 6.5-7 pct in GDP growth from 2016-2020|
Hanoi (VNA) – Vietnam has set goals for GDP to grow by 6.5-7 percent and inflation to be kept at around 5-7 percent in the next five years, the Ministry of Planning and Investment said.
|Inflation needs special attention next year: Governor|
Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh has asked for special attention to inflation as it could surpass the below-5-percent target set by the National Assembly for 2016.
|Vietnam’s economy on path to speedy recovery|
Vietnam's economy this year bounced back and exceeded expectations with the GDP growth rate reaching an estimated 6.7 percent - the highest rate in five years.
|Vietnam economy expands at fastest pace in five years|
Vietnam’s economy has expanded at a speed of 6.68 percent in 2015, the fastest rate during the period 2011-2015, according to the General Statistics Office (GSO).
|Vietnam posts ‘lucky rate’ of 6.68 percent in GDP growth for 2015|
Vietnam’s gross domestic product (GDP) saw a ‘lucky increase’ of 6.68 percent in 2015, the fastest pace in five years, helped by an expanding industrial sector and record foreign direct investment
|Vietnam’s CPI hits 14-year low: official data|
Vietnam posted a 0.63 percent increase in the consumer price index (CPI) in 2015, the slowest since 2001 and much lower than the 5 percent target set by the National Assembly, the General Statistics Office (GSO) reported to the media on December 24.
|VN to up FDI in 2016: experts|
Viet Nam is expected to attract more foreign investment next year and in the future due to the opportunities and advantages resulting from free trade agreements (FTAs), according to experts.
|Vietnamese economy on the rise according to S&P report|
Viet Nam's economy has started to thrive, while most Asian economies are slowing down and moving towards consumer-led growth, announced Standard&Poor's (S&P).
|Vietnam-RoK free trade agreement becomes effective|
The free trade agreement (FTA) between Vietnam and the Republic of Korea (RoK) became effective on December 20, according to the Ministry of Industry and Trade (MOIT)’s press release on December 19.
|Presidential Office announces nine laws, two resolutions|
The Presidential Office on December 18 made public nine laws and two resolutions, which had been adopted at the 13th National Assembly’s 10th session.
|Restructuring decisive to economic growth|
Restructuring is decisive to the quality of economic growth and the level of economic development amid new challenges posed by international integration, economists said at a seminar in Ha Noi yesterday.
|Petrol prices drop to 16,405 VND per litre|
The prices of RON 92 petrol and E5 bio-fuel were reduced by 391 VND per litre as of 3 pm on December 18, the 5th consecutive cut and the 22nd adjustment so far this year.
|Vietnam logistics get a lift from surging trade, e-commerce|
Vietnam can expect rapid growth in its already fast-expanding logistics industry, buoyed by an anticipated imports-exports boom from new multilateral trade pacts and a surge in domestic retail and e-commerce spending.
|Vietnam a top remittance recipient|
Vietnam this year would remain among the top 15 recipients with remittances of roughly 12.5 billion USD from Vietnamese living overseas, a World Bank (WB) report says.
|Benefits, career growth retain talent|
Competitive salaries and benefits can help retain talented staff at companies but other factors such as career growth opportunities are important as well, business leaders said at a seminar held in HCM City on Tuesday.
|Affordable housing key to Vietnam’s national development targets: WB|
An adequate supply of affordable housing will be essential for Vietnam to achieve its national development targets, given the country’s rapid and continuous urbanization, a World Bank report states.
|Experts urge faster reforms to hasten economic growth|
Viet Nam's economy would grow faster in the next five years, driven by a number of free trade agreements, low commodities prices, foreign direct investment and institutional reform, experts said.
|Viet Nam welcomes COP21's climate deal|
Viet Nam has welcomed the Paris Agreement, which attempts to limit the rise in global temperature to less than 2oC, saying that it will open a new chapter in coping with climate change.
|HCM City eyes moving polluting companies out|
If HCM City wants to offer its residents quality living, the most important thing is to improve its environmental quality, a city leader told a meeting held recently to discuss how to deal with polluting companies.
|Entrepreneurs target sustainability|
Young entrepreneurs in ASEAN countries should ensure
environmental sustainability while doing business, the secretary of the
Ho Chi Minh Communist Youth Union has said.
|Vietnam must prepare for deeper integration|
Economic co-operation should be the key component in Vietnam's strategy for its integration into the ASEAN community, an official said at a conference in Hanoi on December 11.
|Korean venture to develop logistics net|
Multi-industry conglomerate C.T Group will work with South Korea's CJ Group to develop a large logistics network in Viet Nam.
|VN looking at $4 billion trade deficit in 2015|
Viet Nam could run up a US$4 billion trade deficit for the whole year after three consecutive years of a trade surplus, the Ministry of Industry and Trade (MOIT) said.
|TPP agreement significant to Vietnam and other members|
Vietnamese Ambassador to the US Pham Quang Vinh said the freshly-concluded Trans-Pacific Partnership (TPP) agreement is strategically and economically important to Vietnam and other member countries, while attending a recent dialogue in Washington D.C.
|Local firms must pay attention to AEC integration: official|
The ASEAN Economic Community (AEC) will be officially established on December 31, 2015 and Vietnam will be a member of the community.
|Expert urges VN to reform energy sector|
The electricity tariffs in Viet Nam could be lower if the country develops renewable energies and promotes liberalisation alongside.
|Vietnamese online retailers are crowded out by foreign company|
The e-commerce market in Vietnam is expanding rapidly but local investors are losing their share to foreign competitors with deeper pockets for expensive marketing campaigns.
|Vietnam to run $4bn trade deficit in 2015: ministry|
Vietnam may run a US$4 billion trade deficit at the end of this year after three consecutive years enjoying a trade surplus, according to the Ministry of Industry and Trade.
|PM pledges to push economic growth|
Viet Nam had accomplished important milestones in its socio-economic development effort in the last five years. As the country becomes increasingly integrated in the global economy, it must take advantage of growth opportunities as well as overcome numerous difficulties and challenges in the global playground, said Prime Minister Nguyen Tan Dung at the 2015 Viet Nam Development Partnership Forum (VDPF) on Saturday in Ha Noi.
|Vietnam sees record-high foreign investment on TPP, eased rules|
Vietnam expects disbursed foreign direct investment to reach a record high this year after the government eased business regulations, luring investors seeking to benefit from the Trans-Pacific Partnership trade pact.
|Vietnam economy to grow faster in 2016-20: premier|
Vietnam’s economy is projected to grow faster in the next five years from the current rate of about six percent, Prime Minister Nguyen Tan Dung said in a meeting with international donors in Hanoi last week.
|Hanoi-Hai Phong highway opens to traffic|
Prime Minister Nguyen Tan Dung on December 5 issued an order to open to traffic the Hanoi-Hai Phong highway, the most modern of its kind in Vietnam.
|AEC to boost commercial properties|
Experts said that the formation of Asean Economic Community (AEC) would bring a lot of opportunities for commercial properties, especially office and retail space for lease.
|Vietnam to set up real estate database|
A national database of the real estate market will be developed in an effort to provide basic market indicators with greater accuracy and improve the market transparency.
|More Korean firms seeking for potential franchisees in Vietnam: official|
Many more Korean firms, mostly those operating in food and beverage service, are in search of potential Vietnamese partners for franchise deals, an official from the Consulate General of the Republic of Korea in Ho Chi Minh City said earlier this week.
|Vietnam's top 500 firms named|
State-run Vietnam Oil and Gas Group (PetroVietnam) remains at the top of the 500 Vietnamese biggest enterprises list in terms of revenue (VNR500) this year, while the Vietnam Dairy Products Joint Stock Company (Vinamilk) has been named the country's largest private enterprise.
|Agriculture welcomes investment waves from Japan|
A flux of investment waves from Japanese businesses are coming to Vietnam’s agricultural sector, which plays an important role in the national development, according to a top agricultural official.
|FTA hoped to push Vietnam’s export to demanding EU market|
The free trade agreement between the European Union and Vietnam (EVFTA) is expected to push Vietnam’s exports into the demanding EU market, helping the country become industrialised and modernised by 2020, an official said.
|HCM City forecasts 8% growth|
HCM City plans to achieve a Gross Regional Domestic Product (GRDP) growth rate of 8 per cent next year.
|WB says VN economy to expand 6.5%|
Viet Nam's GDP growth is likely to reach 6.5 percent this year as the country's economy has weathered the recent turbulence in the external environment fairly well, said the World Bank (WB)'s latest report released yesterday.
|Ho Chi Minh City targets 8-pct economic growth next year|
The southern metropolis Ho Chi Minh City has set the target of achieving an 8 percent economic growth for next year.
|Việt Nam - EU ký hiệp định thương mại tự do|
Vietnam’s deeper integration into ASEAN is bringing the country golden opportunities in the real estate sector.
|WB reports Vietnam’s economic recovery|
Vietnam’s GDP growth is likely to reach 6.5 percent this year as the country’s economy has weathered the recent turbulence in the external environment fairly well, said the World Bank (WB)’s latest report released on December 2.
|RoK President welcomes FTA with Vietnam|
Seoul (VNA) –The President of the Republic of Korea (RoK) welcomed the parliament’s ratification of free trade agreements (FTAs) with Vietnam, China and New Zealand on November 30, the Presidential office said in a statement released the same day.
|Debt of state-owned firms rising but within safe ratio|
Hanoi (VNA) – While a recent government report showed that total debts of the 93 biggest state-owned enterprises (SOEs) in 2014 increased 8 percent compared to 2013, a representative from the Government said the figure was still within the safe ratio.
|Lunar New Year bonuses forecast to rise to record high|
As Vietnam's economy has started to recover, bonuses for the Tet Lunar New Year holiday in coming weeks will increase to the highest level ever, an official said.
|Energy stocks lead market decline|
Hanoi (VNA) - Shares extended losses in the two markets on November 27 due to slumping energy stocks on par with the decline in global oil prices.
|Number of new enterprises surges 28.1 percent in 11 months|
Hanoi (VNA) – More than 86,800 new enterprises were registered in 11 months ending in November, a 28.1 percent year-on-year increase, according to the General Statistics Office of Vietnam.
|Foreign firms seek consistency|
Inconsistencies in investment incentives have been one of the concerns for foreign direct investment (FDI) enterprises, participants heard at a conference on tax policies held in Ha Noi on Tuesday.
|Economic growth story to continue through 2016|
Vietnam has seen clear progress this year in many areas like banking sector reforms, capital markets and foreign investment. Economist Vu Dinh Anh speaks with Vietnam News Agency about this.
|HCM City anticipates 9.8 percent GDP growth in 2015|
Ho Chi Minh City expects its gross domestic product (GDP) growth rate at 9.8 percent in 2015, according to the municipal Department of Planning and Investment.
|Vietnam's Jan-Nov FDI inflow to hit record high of $13.2 bln: gov't|
Vietnam's actual foreign direct investment (FDI) during the first 11 months of 2015 is expected to rise 17.9 percent to a record high of US$13.2 billion, beating a government forecast, the government said on Thursday.
|More central bank policies to help SMEs|
State Bank of Vietnam would further formulate policies to support efficient small- and medium-sized enterprises and those manufacturing and exporting products, Director of SBV's Credit Department Nguyen Tien Dong said.
|Property speculation emerges, but bubble unlikely to form in Vietnam: minister|
The Vietnamese minister of construction last week warned of speculation in the local realty market, four months after he told local TV audiences that speculative activity was not the main cause of the recovery of the property sector this year.
|President Truong Tan Sang visits Germany to boost cooperation|
Hanoi (VNA) – President Truong Tan Sang will visit Germany from November 24-26, at the invitation of German President Joachim Gauck, in order to boost the strategic partnership between the two countries.
|Vietnam, EU to officially conclude FTA talks next week: PM|
Hanoi (VNA) – Vietnam and the European Union (EU) will sign an agreement on the official conclusion of negotiations on a bilateral free trade agreement (FTA) during a Vietnamese leader’s working trip to the EU headquarters next week.
|November sees 10-year low CPI rise|
Hanoi (VNA) - November’s Consumer Price Index (CPI) picked up 0.07 percent from previous month and 0.34 percent from the same period last year, the lowest level of rise recorded in the past decade, according to statistic from the General Statistics Office (GSO).
|Ho Chi Minh City is the second most expensive retail location in Southeast Asia: report|
A downtown spot costs $150 a square feet a year, even more than prime locations in Bangkok
|TPP to further Vietnam-Latin America potential trade relations, experts|
Two-way trade turnover between Vietnam and Latin America has kept increasing for the last decades and believed to continue moving up after the Trans-Pacific Partnership (TPP) takes effect, said delegates at a seminar hosted by the Ho Chi Minh City Center for Investment and Trade Promotion recently.
|Vietnam is still scratching the surface of what it can become: economists|
Vietnam is believed to have achieved many great successes a lot over the last three decades of economic renovation, but many economists say the years ahead will continue to be challenging.
|Branding holds key to business success|
HA NOI (VNS) — Building a brand takes a big effort by enterprises, and enterprises need to invest to enhance product quality, said Nguyen Thi Anh Hong, deputy chairwoman of the Vietnam Tea Association at a seminar held in Ha Noi last Friday.
|Real estate market must reform in time for TPP|
HCM CITY (VNS) — Poor master planning and cumbersome policies have limited the sustainable development of HCM City's real estate market, delegates heard at a recent conference organised by the city's Construction Department.
|ASEAN Community, including Vietnam, launched in Malaysia|
The leaders of the Association of Southeast Asian Nations (ASEAN), which includes Vietnam, announced the establishment of a formal community during a summit in the Malaysian capital on Sunday.
|Vietnam president advocates economic links at APEC Summit|
APEC economies should further promote economic connectivity to achieve the goals of sustainable development, Vietnam’s State President Truong Tan Sang said at the 23rd Asia Pacific Economic Cooperation (APEC) Summit which opened in the Philippines on Thursday.
|Trade deficit in Vietnam hits $3.6bn in Jan-Oct over rising car imports|
Vietnam logged a US$3.58 billion trade deficit in the first ten months of this year, largely due to rising imports of cars, the latest customs data shows.
|Import tax to be slashed on automobile spare parts|
Import tax on auto spare parts and components may be down to zero per cent next year, two years before schedule in 2018, under the ASEAN Free Trade Agreement (FTA).
|Nearly 6 percent of energy consumption saved in five years|
Hanoi (VNA) – Vietnam’s volume of energy savings was equivalent to nearly 6 percent of the total energy consumption between 2011 and 2015, Chairman of the Vietnam Association and Technology in Energy Saving and Efficiency Do Huu Hao said at a conference in Hanoi on November 18.
|Vietnam’s electronics industry attracts $10bn FDI inflow: ministry|
Vietnam’s electronics industry has so far this year attracted US$10 billion worth of direct foreign investment from giant global electronics firms, including Samsung, Foxconn, LG, Panasonic, and Intel, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
|Vietnam works to spread steam generator use|
A signing ceremony was held in Hanoi on November 17 for a project on promoting the use of efficient boilers in Vietnam with the collaboration of the United Nations Industrial Development Organization (UNIDO).
|Exporters ponder ways to penetrate new markets|
The US and Latin American countries have huge demand for products made by sectors in which Vietnamese companies have advantages, but they need to study these markets carefully to enter them, a forum heard in HCM City yesterday.
|Vietnam among attractive destinations for APEC CEOs: PwC|
Vietnam is among the top three countries most attractive to CEOs in the Asia-Pacific Economic Cooperation (APEC) bloc, a PricewaterhouseCoopers (PwC) survey finds.
|HCM City office occupancy rate at record high|
The office occupancy rate in HCM City reached an average of 94 percent, according to a report on the HCM City and Hanoi office markets made in the third quarter by Savills Vietnam.
|TPP to remove car tariffs in 13 years|
Countries of the Trans-Pacific Partnership (TPP), including Vietnam, will remove tariff on new cars in the 13th year after the agreement comes into effect, a finance ministry official said.
|EVN sells stakes in companies|
The Electricity of Viet Nam Group last week said it had divested from many companies.
|TPP to remove car tariffs in 13 years|
Countries of the Trans-Pacific Partnership (TPP), including Viet Nam, will remove tariff on new cars in the 13th year after the agreement comes into effect, a finance ministry official said.
|SOE restructuring plan in danger of missing deadline|
Despite the government's efforts to hasten the restructuring of State-owned enterprises (SOEs), the workload remained huge in the remaining months of this year to fulfil the plan of 2011-2015 period.
|South Korea continues to be biggest foreign investor in Vietnam|
South Korean firms were the biggest foreign investors in Vietnam in the first ten months of this year, a position they took over from Japanese businesses in August last year.
|Local firms still unprepared for ASEAN integration: forum|
A considerable number of Vietnamese businesses haven’t been ready for economic integration into ASEAN, as illustrated through a lack of awareness and thorough preparation, though the ASEAN Economic Community (AEC) is to be formed at the year’s end.
|Vietnam, RoK hold first economic forum|
The first economic forum between Vietnam and the Republic of Korea (RoK) took place in Hanoi on November 13 with the participation of more than 400 delegates from the two countries’ governmental agencies and businesses.
|Vietnam among five favourite frontier markets of Fitch|
Fitch Ratings has named Vietnam among its top five favourite frontier markets.
|Mekong firms prepare for TPP|
Joining the TPP presents opportunities for enterprises in the Mekong Delta to expand their markets and enhance their competitiveness, but it also means facing tougher competition.
|VN seeks overseas investment|
A conference of Vietnamese businessmen operating across the world opened in Moscow, Russia, on Wednesday in a bid to promote investment by overseas Vietnamese people in Viet Nam.
|PVN seeks import tax cut to compete with imports|
Viet Nam Oil and Gas Group (PVN) is seeking approval to lower tax rates for the Dung Quat Oil Refinery because of its inability to compete with imported fuel.
|Vietbuild 2015 international exhibition opens in Hanoi|
The second Vietbuild 2015 International Exhibition opened in Hanoi on November 11 with the theme of “Real Estate – Interior & Exterior Decoration and Building Materials.”
|Door to Japan opens wider for Vietnamese goods after TPP: envoy|
With Vietnam already enjoying a trade surplus with Japan, the elimination of tariffs after the Trans-Pacific Partnership (TPP) trade accord takes effect will only open the door wider, a Vietnamese envoy in Tokyo has said.
|Electricity output up nearly 13 percent in first 10 months|
The total power output of the electricity sector in the first ten months of this year reached 136.25 billion kWh, up 12.95 percent compared to the same period last year, according to a report released by the Electricity of Vietnam (EVN).
|Many key exports to enjoy zero tariff in TPP markets|
Member countries of the Trans-Pacific Economic Strategic Partnership (TPP) will remove tariff on between 78-85 percent of tariff lines for Vietnamese goods immediately after the TPP takes effect, possibly in 2018, according to the Ministry of Finance (MoF).
|Vietnam sets 6.7% GDP growth goal for 2016|
Vietnam's lawmaking National Assembly passed a resolution on Tuesday on the country’s socio-econmic development plan for 2016, including a GDP growth target of 6.7 percent.
|TPP agreement to have substantial impact on Vietnamese economy|
The Trans-Pacific Partnership (TPP) agreement, which is awaiting ratification by 12 member countries, will have a substantial impact on the Vietnamese economy once it is implemented, according to economic experts.
|Viet Nam e-commerce developing|
E-commerce has developed vigorously in Viet Nam in recent years and has helped Vietnamese companies improve their businesses.
|Vietnam targets $300bn export earnings for trade balance by 2020: ministry|
Vietnam has approved a plan to raise export revenue to US$300 billion by 2020 so that the country can remove trade deficits following a newly approved scheme, according to the government’s online portal chinhphu.vn.
|Local banks draw foreign interest|
Commercial banks expect to attract foreign investment in their newly-established financial companies thanks to the profitable domestic consumer financial market, according to Dau tu (Investment) newspaper.
|Vietnam, Italy enhance economic cooperation|
Visiting Italian President Sergio Mattarella emphasised the important roles of businesses, associations and universities in materialising reforms and innovations, and strengthening cooperation between Italy and Vietnam.
|New tax to be levied on auto imports|
The Government will levy a special consumption tax on cars with 24 seats and below from January 1, 2016, according to the prime minister's new decree.
|Vietnam needs more efficient energy sources to meet rising power demand: conference|
Greater energy efficiency, expansion in renewables, and increased power trading in Asia could help Vietnam meet its rising power demand through 2030, participants at a conference said on Wednesday.
|Business community expects stronger tax, customs administrative refor|
The business community hopes for stronger determination from tax and customs sectors in administrative reform, said Vo Tan Thanh, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI).
|Vietnam releases full text of TPP agreement|
Vietnam and the other 11 members of the Trans-Pacific Partnership (TPP) agreement released the full text of the pact in English on November 5 (Hanoi time).
|Fierce competition forecast for domestic industrial production|
Industrial products will not have it easy against those from countries with outstanding advantages, as well as cheap imported goods, when Viet Nam joins the Free Trade Agreements (FTAs).
|Ho Chi Minh City taxman urged to reveal names of celebrity tax evaders|
More than two dozen Ho Chi Minh City-based show business figures have been found to owe a huge amount of individual income tax, and members of the public are calling for their names to be revealed.
|Foreign retailers make inroads into Vietnam|
A recent flurry of foreign retailer activity has raised an alarm among domestic peers.
|Firms expect customs improvements|
Businesses expect further improvements in customs clearance to promote management efficiency while creating convenience in cross border trade, a conference heard yesterday.
|E-customs system helpful to businesses: survey|
The Japanese-supported e-customs system VNACCS/VCIS is highly accurate and helps businesses save time, manpower and expenses, as viewed by a majority of companies in a recent survey.
|Vietnam lawmakers discuss issues for Trans-Pacific Partnership implementation|
Reforms in both economic institutions and human resources are necessary for Vietnam to implement the Trans-Pacific Partnership (TPP) pact reached last month by 12 countries, National Assembly deputies have said.
|VN companies advised to work more on branding|
Vietnamese enterprises should pay more attention to branding exported products in order to boost sales in the face of growing global trade integration, experts said.
|Action plan adopted to actualise auto industry development plan|
The Prime Minister has issued an action plan to realise the automotive industry development as part of the Vietnam Industrialisation Strategy (VIS).
|30 percent of Vietnamese population to join online shopping by 2020|
The Vietnam E-commerce and Information Technology Agency (VECITA) under the Ministry of Industry and Trade set a goal to get 30 percent of Vietnamese people shopping online by 2020.
|FDI, domestic sector need better balance|
The development of the foreign direct investment (FDI) sector and the domestic business sector next year need to be better balance, Head of the Central Economic Commission Vuong Dinh Hue said.
|Foreign investment in VN surges 40% to $19.2 billion|
Foreign direct investment (FDI) worth US$19.2 billion poured into Viet Nam through October 20, 2015, a whopping rise of more than 40 per cent over the same period last year.
|Vietnam’s largest private power plant completed|
Power Company Limited (AES Mong Duong) on October 26 announced the successful completion of Mong Duong II BOT Coal-fired power project (Mong Duong II).
|Power price in Vietnam tends to rise due to underlying cost|
The output and retail price of electricity in Vietnam has surged, as there are a lot of costs included in the input rate, experts said at a conference in Hanoi this month.
|Opportunities, challenges brought about by Vietnam-EU FTA examined|
Vietnamese and European experts pointed out opportunities and challenges facing local businesses and authorities once a free trade agreement between Vietnam and the European Union (EU) is signed while at a seminar in Ho Chi Minh City on October 26.
|Vietnam economy grows 6.81 percent in Q3|
The country's gross domestic product (GDP) grew by 6.81 percent in the third quarter and by 6.5 percent in the first nine months of this year, the Central Institute for Economic Management (CIEM) has reported.
|Private investment eyeing healthcare|
Capital from the private sector is expected to further increase in the coming years thanks to Public –Private Partnerships (PPP), according to independent market observers.
|CBRE: VN to benefit from TPP|
As the least developed of the Trans-Pacific Partnership member nations, Viet Nam is most likely to become the biggest beneficiary of the agreement with an increase in GDP, FDI and exports of manufactured goods, lower cost of imports, and higher productivity due to more external competition, a global property consultancy has claimed.
|Firms yet to capitalise on FTA|
Many Japanese firms in Viet Nam have failed to make the most of tariff preferences under the Viet Nam-Japan free trade agreement, said Atsuko Fukagawa, deputy managing director of the Japan External Trade Organisation (JETRO) office in HCM City.
|Real estate leads VN rebound|
Vietnamese shares rebounded yesterday, boosted higher by real estate firms as investors eyed solid third-quarter earnings prospects of these companies.
|TPP deal to create momentum for Vietnamese property market|
Aside from garments, aquaculture and agriculture, the property-related sectors like industrial parks, warehouses and logistics will enjoy the positive effects of the Trans-Pacific Partnership (TPP) agreement, which was reached by 12 member states on October 5, said experts from CBRE Group, the world’s largest commercial real estate service firm.
|Singapore, Malaysia among biggest investors in Vietnam: report|
Eight out of 10 member states of ASEAN have made investments in Vietnam with a total pledge of $56.32 billion for 2,681 projects, the Foreign Investment Agency recently reported.
|Thinktank urges for more cautious monetary policy|
The Vietnam Institute for Economic and Policy Research (VEPR) has said the central bank should adopt a more cautious monetary policy to avoid asset bubble risk in the future.
|New strategies urged for Trans-Pacific Partnership deal|
The Vietnamese business community must develop new business strategies in order to be more competitive after the Trans-Pacific Partnership (TPP) takes effect, delegates heard at a conference.
|Electricity sector copes with water shortages|
The Electricity of Vietnam (EVN) corporation has stepped up efforts and preparations to cope with droughts and water shortages caused by the El Nino phenomenon to ensure a stable supply of electricity nationwide.
|Export resilience to boost economy|
The Vietnamese economy will likely expand more than 6 per cent annually over the next few years thanks to continued export resilience and ongoing reform measures by the government to improve the country's business environment, according to BMI research firm.
|Gov't decides some sectors off limits for State enterprises|
The Government's decision to prohibit State-owned enterprises (SOEs) from investing in certain areas has been hailed by economists.
A recent decree bans, with effect from December 1, SOEs from investing in property, banking and finance, insurance, and stocks unless they are in those industries or are expressly permitted by the Government.
However, the decree gives SOEs the discretion to invest in non-core areas and abroad.
Analysts said the new policy would speed up the process of SOEs' divestment from sensitive sectors like banking and finance, which is underway.
In the past State-owned groups and corporations used to scramble to sink their money in property and stocks in the quest for a quick buck. They ended up investing a cumulative VND23.74 trillion (US$1.67 billion), including VND11.4 trillion ($513.51 million) in banking, VND9.28 trillion ($408.02 million) in the properties, VND696 billion ($31.4 million) in securities, and VND677 billion ($30.5 million) in investment funds.
But with the cyclical property and stock markets going through a depression, many ended up losing heavily, which also affected their main business.
|Finnish fund investing in Vietnam's property market|
PYN Elite Fund (Non-UCITS), managed by Finnish PYN Fund Management Ltd, has been actively buying shares in many real estate companies in Vietnam with an eye to the future.
|Vietnam gasoline prices slightly drop|
Retail gasoline prices in Vietnam were reduced by between 0.1 percent and 0.71 percent, but prices of diesel oil and kerosene see further hikes.
|HCMC may have to cut down 150-year-old trees in central park for metro line|
Authorities in Ho Chi Minh City say they will have to allocate a large area in Tao Dan Park for the second metro line, which will connect its central districts with the fast growing western suburbs.
|Consumers admire responsible brands|
Vietnamese consumers are the most socially conscious in Southeast Asia, according to the 2015 Nielsen Global Corporate Sustainability Report released last week.
|Australian media: TPP to boost Vietnam-Australia business ties|
The Australian Associated Press (APP) news agency on October 17 reported that business ties between Australia and Vietnam are expected to grow further after the Trans-Pacific Partnership (TPP) agreement comes into effect, quoting remarks of many analysts and diplomats.
|Logistics: serious shortcoming in Vietnam economy|
Vietnam has seen a boom in exports and imports with its strong economic growth, but due to weak logistics it has been losing a considerable portion of its wealth.
|EU investments to Vietnam start to recover|
Foreign direct investment (FDI) from the European Union (EU) to Vietnam is recovering this year after a downtrend since 2011, according to a report from the Ministry of Planning and Investment's Foreign Investment Agency (FIA).
|Vietnamese government seeks legislative nod to issue $3bn in sovereign bonds in 2017|
The government is seeking the permission of the law-making National Assembly to issue US$3 billion in sovereign bonds in 2017, local media reported.
|Law firm wins long-running case against Ho Chi Minh City tax office|
An appeal court in Ho Chi Minh City on Wednesday upheld a verdict that requires the city's tax office to return over nearly VND461 million (US$20,300) of taxes and fines that it wrongfully collected from a legal firm in 2013.
|Diplomat talks TPP impact on Vietnam-Australia trade ties|
An Australian diplomat has discussed the chances and challenges brought by the Trans-Pacific Partnership accord, to which both Vietnam and Australia are party, with Tuoi Tre (Youth) newspaper, shortly after the trade pact was reached last week.
|109 state-owned enterprises completes equitisation|
A total of 109 state-owned enterprises (SOEs) have completed equitisation as of the end of September, said Pham Tuan Anh, Deputy Director of the Enterprises Renovation Department under the Government Office at the Vietnam-Japan Economic Forum held on October 14.
|Vietnam government to sell its stakes in 10 major companies|
The government has announced it will sell out its stakes in 10 companies including dairy giant Vinamilk and information technology leader FPT.
|VN expects to collect more taxes next year|
The General Department of Taxation anticipates an 11.7 per cent increase in tax collection next year, based on macroeconomic forecasts for 2016.
|Vietnam’s economy improves in 2015, but worries linger: report|
Vietnam’s economy has made considerable improvement in 2015 but the overall picture is still clouded by concerns, the Economic Committee under the lawmaking National Assembly said in a report.
|Single window system reduces customs clearance time|
Since its introduction in May, Vietnam's National Single Window (NSW) has significantly reduced the time required for customs clearance, helping import businesses save time and money on lengthy administrative procedures.
|India to boost investment in Vietnam given improving economic status|
Vietnam will soon be an international investment magnet that Indian enterprises cannot ignore when looking around Asia for a destination, experts said at a seminar in Ho Chi Minh City last week.
|Gov't improves supervision of SoE investment|
The Government has issued regulations on further tightening the supervision on State capital directed into enterprises, in a move to assure investments are increasingly effective.
|Vietnam’s labor productivity 50 years behind Thailand's: ministry|
Vietnam’s labor productivity is lagging decades behind regional countries', despite considerable improvement in recent years, the Ministry of Planning and Investment said in a report.
|TPP helps small, medium businesses: experts|
The Trans-Pacific Partnership deal (TPP) will offer more business opportunities for local small- and medium-sized enterprises (SMEs) though many challenges still remain, experts said.
|Foreign retailers arrive en masse|
The retail market is seeing an invasion by foreign retailers, which has brought pressure on local businesses who lack financial capacity or experience.
|Trans-Pacific Partnership accord not good news for all Vietnamese industries|
The conclusion of the five-year negotiations on the Trans-Pacific Partnership (TPP) agreement may be hailed as a huge success by the 12 participating countries, but some industries in Vietnam believe that the ambitious trade deal will not only bring opportunities to them.
|HCM City: Housing supply increases sharply|
Seventeen existing and new projects made a total of 9,550 apartments available in the real estate market of Ho Chi Minh City in the third quarter of this year, announced Savills Vietnam, the largest property company in the country, at a press conference on October 7.
|Vietnam strong enough to afford TPP: lead negotiator|
The Trans-Pacific Partnership (TPP) is a game Vietnam can afford to play, as it has 20 years of experience in economic integration with the world, the lead Vietnamese negotiator of the trade deal said on Tuesday.
|TPP – bright future for participating countries|
Once ratified by member country parliaments, the newly-reached Trans-Pacific Partnership (TPP) agreement will open up a new road to the future of cooperation and integration in the region, which requires each member to improve itself to greet both opportunities and their coupled challenges.
|Many countries welcome TPP deal completion|
The completion of the historic Trans-Pacific Partnership agreement on October 5 has received positive response from many countries.
|Vietnam to receive various benefits from TPP agreement|
The Trans-Pacific Partnership (TPP) agreement will benefit Vietnam in not only economic but also institutional and social terms, said Minister of Industry and Trade Vu Huy Hoang.
|Vietnam seeks shorter time for resolving business disputes|
Vietnam aims to reduce processing time for commercial disputes to 200 working days from the current 400 working days, as the country continued with administrative reforms to improve its business environment, as stipulated in Resolution 19/2015/NQ-CP.
|New rules allowing foreigners to buy Vietnamese property haven’t created significant growth: expert|
Three months after a new rule allowing foreigners to buy and own local properties took effect, there is no significant growth in the volume of foreign homebuyers, an expert said at a regular conference on the Vietnamese realty market last week, though foreign buyers have shown more interest.
|FDI jumps over 53 percent in nine months|
As many as 17.15 billion USD in foreign direct investment (FDI) was poured into Vietnam in the first nine months of 2015, a year-on-year surge of 53.4 percent, according to the Ministry of Industry and Trade.
|World Bank sees VN growing 6.0%|
The World Bank is predicting that the Vietnamese economy will grow at a speed of 6 per cent in 2015, according to the East Asia and Pacific Economic Update released yesterday.
|Ho Chi Minh City considers massive economic zone to attract FDI|
The Ho Chi Minh City Institute for Development Studies has submitted to the city administration a plan to develop a large economic zone straddling four districts with incentives to boost the city's growth.
|Vietnam struggles to sell bonds as funding challenge mounts|
Vietnam has sold only half of the bonds it had hoped to this year, the Finance Ministry said on Friday, complicating efforts to raise funds for spending projects as public debt climbs.
|Ministry defends tax reforms|
The calculation of time spent on filing taxes and making payments is based on World Bank criteria, with consultancies from Pricewaterhouse Coopers and the International Finance Corporation (IFC).
|Domestic GDP likely to grow 6.5% in 2015|
The National Financial Supervisory Commission (NFSC) reduced its forecast of inflation to below 2 per cent while forecasting gross domestic product (GDP) growth at 6.5 per cent for 2015.
|TTP trade ministers try to bridge differences in Atlanta|
Trade ministers from 12 Trans-Pacific Partnership (TPP) member countries convened a meeting in the city of Atlanta, Georgia, the US, on September 30 in an effort to resolve key issues of the world’s largest free trade deal.
|Vietnam expects accelerating economic growth|
Vietnam expects a GDP growth of 6.53 percent this year and 6.7 percent in 2016 as efforts to cope with recent drastic fluctuations have created a solid foundation for its economy, Minister of Planning and Investment Bui Quang Vinh has said.
|Power prices unchanged|
The new power tariffs will not raise prices for households while increasing revenue for the sector, an official of the Electricity of Viet Nam (EVN) said.
|Vietnam regards foreign investors’ success as its own: leader|
Vietnam welcomes foreign businesses’ stable and long-term investments and operations and considers their success as its own, Prime Minister Nguyen Tan Dung said at the Vietnam Global Investment Forum in Hanoi on September 30.
|Viet Nam seeks aviation investment|
Viet Nam is creating a framework to stimulate private investments in the aviation industry, as public-private partnerships for development of this sector has become a trend in the region.
|German business bodies sign MoU to boost trade, investment relations with Vietnamese locales|
Two German business bodies in Vietnam and representatives from the Ministry of Foreign Affairs on Monday signed a memorandum of understanding (MoU) to enhance the connectivity between German firms and 18 southern Vietnamese cities and provinces.
|Vietnam's Q3 economic growth picks up to 6.8 pct, fastest this year|
Vietnam's economy grew 6.81 percent in the third quarter from a year earlier, accelerating from 6.47 percent in the previous quarter, the government said on Tuesday, fuelled by strong exports and manufacturing and record foreign direct investment.
|EVN needs $26.35 billion for power projects in 2016-20: report|
State-owned Electricity of Vietnam, which currently accounts for 64 percent of the country's power output, said it will need VND600 trillion (US$26.35 billion) for new projects over the next five years, news website VnExpress reported on Friday.
|Vietnam inflation hits 10-year low in Jan-Sep|
Vietnam’s consumer price index (CPI), the main indicator of inflation, rose 0.4 percent in January-September, a decade-low rate, according to the General Statistics Office (GSO) of Vietnam.
|Nine-month FDI soar spurred by large-scale projects|
Newly-licensed large-scale projects spurred nine-month foreign direct investment (FDI) registered in Vietnam to soar 53.4 percent year-on-year to 17.15 billion USD in the first nine months, the Ministry of Planning and Investment revealed during a meeting on September 26.
|EVN seeks special mechanism for equitised Gencos|
Electricity of Vietnam (EVN) has asked the Prime Minister to issue a special operation mechanism for three Power Generation Corporations (Gencos) before they are equitised, local media reported on September 23.
|Vietnam advances 19 places on global innovation index|
Much to the surprise, and delight, of almost everyone, Vietnam has not only improved its performance on the global innovation index this year, but outperformed nearly two thirds of other economies.
|Vietnam has enough cash for intervention regardless of any FED move: cbank|
With about US$40 billion in foreign exchange reserves, the State Bank of Vietnam (SBV) will intervene in the forex market to shore up the value of the Vietnamese dong, whether the U.S. Federal Reserve (FED) raises interest rates or not, the central bank said Monday in a press release.
|Ministry seeks debts to boost tax collection|
The Ministry of Finance would speed up the collection of tax arrears in September as a part of the efforts to fulfil the budget collection goal amid plunging oil prices.
|Vietnam to lose $77 million of tax revenue each year due to free trade pacts|
The government has estimated that it will lose around US$77 million of tax revenue annually between 2016 and 2025, when new free trade agreements take effect and eliminate a majority of import duties.
|Vietnam’s public debts forecast to occupy 62.3 percent of GDP in 2015|
Vietnam’s public debts are projected to make up 62.3 percent of the country’s gross domestic product (GDP) by the end of this year, still within the permitted debt ceiling of 65 percent, according to a senior official from the Ministry of Finance.
|Government implements Real Estate Law rules|
On September 10, 2015, the Government issued Decree No. 76/2015/ND-CP regulating implementation of Law on Real Estate Business 2014. The Decree governs requirements of real estate business, real estate business contract templates, transfer of contracts and procedures for transfer of partial or entire real estate projects.
|ADB lifts economic growth forecasts for Vietnam|
With Vietnam’s economic expansion expected to exceed expectations for 2015 and 2016, the Asian Development Bank (ADB) has raised its growth forecasts for the country from the original outlooks made earlier this year.
|EVN cuts installation time to 10 days|
The Electricity of Vietnam (EVN) will reduce installation times for customers to access the medium-voltage transmission network from 18 to 10 business days in response to Government Resolution 19 to improve the business environment in Vietnam.
|Billions to modernise VN's railway|
The modernisation of Viet Nam's railway system is projected to cost about US$5.1 billion, experts said during an event on detailed plans to upgrade the 1,726 km stretch of the North-South railway from Ha Noi to HCM City.
|Lawmakers discuss lessons drawn from 8 years of Vietnam’s entry into WTO|
Vietnam’s lawmaking National Assembly held a hearing on Friday to discuss what the country has achieved after eight years of entry into the World Trade Organization (WTO) and the lessons drawn from it.
|Trans-Asian railway project needs over 3 bln USD for two sections|
The construction of two sections of the trans-Asian railway, Sai Gon-Loc Ninh and Bien Hoa-Vung Tau, is estimated to cost 77.8 trillion VND (3.46 billion USD), reported the Nhan Dan newspaper.
|Any US Fed rate move won't change Vietnam's forex stance, central bank says|
Any possible interest rate hike by the U.S. Federal Reserve by year-end won't prompt Vietnam's central bank to alter its foreign exchange rate policy, the State Bank of Vietnam (SBV) said on Sunday.
|Vietnam raises pump prices by 4 percent on global oil hikes|
Vietnamese fuel traders on Friday increased retail gasoline prices for the first time after five consecutive cuts over the last three months, following the global upward trend.
|IT plays vital role in tax reform|
The application of information technology was one of the key reforms needed for the administration of taxation and customs.
|Vietnam hails Japanese ODA’s contributions to national growth|
Japan’s official development assistance (ODA), which mainly went to large-scale infrastructure projects, has stimulated Vietnam’s socio-economic development in a sustainable manner.
|Fed holds but questions remain over how it communicates|
The Federal Reserve held interest rates near zero on Thursday, raising questions over how it will ever manage to lift them off the floor and how effectively it will communicate plans to do so.
|Domestic aviation prices to fall 4% next month|
The cost for domestic air travel will be cut by an average 4 per cent as of October 1 following recent declines in fuel prices.
|Deputy PM discusses bilateral trade ties with EU Commissioner|
Deputy Prime Minister Vu Van Ninh had a meeting in Brussels on September 17 with EU Trade Commissioner Cecilia Malstrom to discuss major issues of Vietnam-EU trade, investment collaboration as well as bilateral relations.
|Despite devaluation, holding Vietnamese dong still more beneficial: official|
A senior state official has recommended that Vietnamese depositors cling to the local currency, the Vietnamese dong, as keeping it will be more profitable than holding the U.S. dollar in the long term.
|VN, French firms eye freer trade|
Vietnamese and French enterprises can join hands in utilising business opportunities to be brought by the Viet Nam-European Union Free Trade Agreement (VEFTA), instead of competing for them, an official said.
|Japanese firms called to expand investment in Vietnam|
Party General Secretary Nguyen Phu Trong said he welcomes Japanese businesses to expand their investments in Vietnam and improve their quality and efficiency.
|Electricity of Vietnam promises no price hikes through year end|
Electricity of Vietnam (EVN) and mining group Vinacomin on Tuesday promised that they will not raise power prices this year, after drawing widespread criticism for their plans to increase rates to offset losses.
|Vietnam boosts cooperation with global economic organisations|
Deputy Prime Minister Vu Van Ninh had bilateral meetings with global economic leaders in Geneva, Switzerland on September 14 as part of his working visit to Europe to expand multi-faceted collaboration between Vietnam and economic organisations in the region and beyond.
While meeting with Secretary-General of the UN Conference on Trade and Development (UNCTAD) Mukhisa Kituyi, Deputy PM Ninh, who is also Head of the Inter-sector Steering Committee for Economic International Integration, hailed the UNCTAD for promoting economics in developing countries, including Vietnam.
He also extolled its assistance to Vietnam over the years and suggested the two sides enhance cooperation in research activities, policymaking, trade and investment while actively supporting each other in World Trade Organisation (WTO) negotiations, financial management and personnel training.
Secretary-General Mukhisa Kituyi congratulated Vietnam on its significant achievements in the “doi moi” (reform) process and expressed his delight at the positive developments in bilateral cooperation in debt management, the environment, transport and supporting small- and medium-sized enterprises.
He said the UNCTAD will continue to coordinate with Vietnam to tap its potential for development, adding that he is willing to send additional experts to support Vietnam in priority development fields and hoped to visit Vietnam in the near future.
The Deputy PM later met with WTO Director-General Roberto Azevedo, who recognised the role of Vietnam in the international community, and pledged to support Vietnam in its international integration for the sake of member countries and the global economy.
In recent years, Vietnam has worked to shift to a market economy with deeper and wider engagement in the global economy, Azevedo said, adding that trade activities have helped the country reduce poverty and improve local living standards.
While meeting with Deputy Director at the Advisory Centre on WTO Law (ACWL) Cherise M. Valles and senior lawyer Leo Palma, Deputy PM Ninh highly valued the cooperation spirit and goodwill of ACWL lawyers in supporting personnel training in Vietnam in the short and long term.
|Long Thanh Airport's feasibility study may cost $35.1 million|
It may cost up to US$35.1 million to finish an 18-month feasibility study for Long Thanh, which is set to become Vietnam's largest airport, according to the Airports Corporation of Vietnam.
|Vietnam taxi fare highest in Southeast Asia: data|
A 20-km taxi ride in Ho Chi Minh City will cost you nearly triple the fare for a similar journey in Bangkok, according to data from a website that collects the cost of living in cities and countries worldwide.
|Prime Minister supports Vietnam’s investment in Laos|
Prime Minister Nguyen Tan Dung met with Vietnamese businessmen operating in Laos on September 14 as part of his official visit to the neighbouring country.
|Services lift HCM City growth|
The service industry accounts for nearly 60 percent of HCM City's economy now, exceeding the target of 57 percent - and four percentage points higher than in 2010.
|Ho Chi Minh City bustling with M&A transactions|
The property market in Ho Chi Minh City has been vibrant since the outset of 2015 thanks to buoyant merger and acquisition (M&A) activities which are expected to continue thriving in the time to ahead.
|Foreigners can't buy, sell houses with cash|
Foreigners buying or selling houses in Vietnam are required to carry out transactions through banks in the country and not in cash, the central bank has decreed.
|Vietnam set to see increased investment from Korea: HSBC|
With many giant South Korean firms increasing their investment in Vietnam, more and more supporting companies from that country are likely to come to Vietnam, the CEO of HSBC South Korea, Martin Tricaud, has said.
|Ho Chi Minh City seeks Japanese loans for two metro projects|
Ho Chi Minh City authorities have asked the central government for approval to access Japan’s preferential loans for two metro projects, according to the municipal Urban Railway Management Board.
|Vague law keeps firms, foreign investors apart|
A recent law designed to allow foreigners to own up to 100 percent of Vietnamese firms has failed to spur investment because of the vagueness of the regulation, companies said.
|Vietnamese investors updated on Vietnam-Laos trade agreements|
Some 45 Vietnamese businesses investing in Laos attended a workshop on September 11 to get updates on freshly-signed trade agreements between Vietnam and Laos.
|Vietnam scores low in budget transparency survey|
The Vietnamese government does not make much information on the national coffers available to the public, while the country’s legislature and auditor have adequate oversight of the budget use, a survey reveals.
|Ministry proposes increase to special consumption tax|
The Ministry of Finance has proposed to increase special consumption tax on imported goods to ensure fair competition between locally manufactured products and imported ones.
|Deputy PM welcomes US business delegation|
Deputy Prime Minister Nguyen Xuan Phuc held a reception for a US business delegation led by US Ambassador to Singapore Kirk Wagar in Hanoi on September 9.
|Vietnam’s eight-month budget deficit widens to $5.13 billion|
Vietnam posted a budget deficit of more than VND115 trillion (US$5.13 billion) in the year to August, up 10.17 percent from the same period last year, the Ministry of Finance said on Wednesday.
|Equitisation arm to increase charter capital|
The Debt and Asset Trading Corporation (DATC), an important arm of the Government's efforts to equitise State-owned companies, will increase its charter capital from a current 2.48 trillion VND (110 million USD) to 6 trillion VND (266 million USD) starting October 15.
|Private investment needed in infrastructure|
Demand for transport infrastructure is increasing, so the Ministry of Transport must review transport system planning and seek private investment for transport projects, according to officials at a workshop.
|Vietnam launches single window system to cut customs clearance time by 80%|
The General Department of Vietnam Customs launched Tuesday a single window mechanism intended to help businesses facilitate customs clearance and integrated it with a similar system among the Association of Southeast Asian Nations (ASEAN).
|Vietnam eyes lower transport prices|
The Ministry of Transport is investigating transport companies who have failed to lower prices amid a drop in petrol costs.
|China, US Fed weighed in VN economy forecast|
Several future scenarios about Viet Nam's foreign exchange and economy in the context of possible China's currency devaluation and US Federal Reserve's interest rate hike have been put forth by the Ministry of Planning and Investment's National Centre for Socio-Economic Information and Forecast.
|Vietnam plans to drop fines for some tax defaulters|
The Ministry of Finance plans to forgo fines imposed on businesses which were behind their tax due date if their partners, including state agencies, had failed to pay them on time in accordance with contract terms.
|FDI inflow to Vietnam rises over 30 percent y-o-y in Jan-Aug: statistics|
Newly registered and additional foreign direct investment (FDI) channeled into Vietnam in the first eight months of this year saw a 30.4 percent year-on-year rise, reaching over US$13.33 billion, according to the Foreign Investment Agency.
|Economic growth likely to reach 6.4 percent|
Vietnam’s economic growth in 2015 is forecast to reach 6.4 percent, according to the Ministry of Planning and Investment.
|Vietnam oil output rises|
Vietnam produced 12.3 million tons of crude oil between January and August, up 8.7 percent year on year even though the government has been urged to cut oil production given sharp decline in global prices this year.
|Vietnam network operators to provide 4G broadband service this year: media|
Vietnamese mobile service providers last week announced that they would offer 4G mobile broadband technology on a trial basis soon, local media reported.
|Trade deficit with China grows wider|
The Ministry of Industry and Trade announced that Viet Nam's trade deficit with China continued to grow, presently at US$22.3 billion, and with another quarter of the year left to go.
|State-owned construction firms slow to equitise|
State-owned construction companies are making slow progress with privatisation efforts as they have encountered a number of problems, the Ministry of Construction said.
|Dollar borrowers in Vietnam report massive losses after dong falls|
Companies with huge loans and payables in US dollars face a big currency mismatch.
|Vietnam’s sole oil refinery, plus future plants, not meant to lower fuel prices|
The operations of Vietnam’s only refinery Dung Quat, and other facilities to be built in the future, will not help reduce the retail prices of petroleum products domestically, according to Nguyen Hoai Giang, chairman of the board of directors of state-owned Binh Son Refining and Petrochemical JSC, which runs the refinery.
|HCM City metro on schedule|
The first line of the subway in HCM City, the Ben Thanh – Suoi Tien metro, is quickly taking shape, three years after construction kicked off.
|FDI boon for City property|
The HCM City property sector has attracted more than US$1.42 billion worth of foreign direct investment this year, the city's Statistics Office has reported.
|Vietnam's unsold land, housing inventory falls sharply to $2.68 bil|
The value of unsold houses and land plots in Vietnam has fallen 18 percent since the end of last year to around VND60.3 trillion (US$2.68 billion), according to a new report.
|Macroeconomic situation stable in Jan-Aug, Vietnam eyes 6.7 percent growth in 2016|
Vietnam’s socio-economic conditions in the first eight months fared well enough with almost all targets to be likely achieved by the end of this year, according to a regular government meeting organized on Tuesday.
|Vietnam’s poverty reduction, economic development hailed|
Vietnam’s achievements over the past three decades have been remarkable, making the country one of the most successful stories in terms of poverty reduction in the world, said Eric Sidgwick, Asian Development Bank (ADB) Country Director for Vietnam.
|VN targets $300b in export value|
Viet Nam aims to achieve an average annual export growth rate of 11 to 12 per cent during the 2015-20 period to achieve US$300 billion in export value by 2020.
|Vietnam cuts fuel prices 7th time this year|
Retail gasoline prices in Vietnam have been cut by around 6.5 percent on Thursday, the seventh reduction this year and the fifth since June, as global oil prices continue to decline.
|Exports face uphill tasks to keep yearly target|
Much needs to be done from now through the end of the year to meet the export growth target of 10 percent, according to the Ministry of Industry and Trade (MoIT).
|Vietnam, in economic reform drive, eases foreign ownership caps on some stocks|
Long-awaited new rules allowing foreigners to take bigger stakes in Vietnamese equities took effect on Tuesday, but confusion over which sectors are eligible could dim their investor appeal.
|Vietnam poised to achieve economic target despite currency fall: experts|
Vietnam will be able to achieve its economic growth target of 6.2 percent set for this year, regardless of impacts caused by China's unexpected yuan devaluation earlier this month, the National Financial Supervisory Commission reported on Monday.
|Vietnam, Argentina step up trade, investment relations|
Vietnam and Argentina pledged to facilitate enterprises’ trade promotion activities while agreeing to negotiate a legal framework on Vietnamese product penetration into the South American country.
|Eight-month economy sees positive changes|
Vietnam recorded positive changes in almost all fields in the first eight months of this year with its macro-economy remaining stable, economic development staying on track, business climate improved and social security ensured, according to Minister of Planning and Investment Bui Quang Vinh.
|Firms must study laws for TPP|
Most Vietnamese businesses are still unclear about international trade and business laws, which could result in a loss of opportunities presented by the Trans Pacific Partnership (TPP), experts have said.
|Vietnam economy to undergo sea changes after EU trade pact takes effect|
Vietnam has agreed to drastically change its economic structure, including the elimination of uncompetitive firms and the refinement of a new generation of businesses, when choosing to enter a free trade agreement (FTA) with the EU, a German expert has said.
|Shares climb on oil, gas growth|
Shares rose on August 28 on the two exchanges, propped up by oil and gas companies' sharp growth.
|Economists blame lack of policy reforms for Vietnam's failure to benefit from FTAs|
Though the government seeks to globally integrate Vietnam -- 15 free trade agreements signed since 2007 -- its tardiness in reforming policies is preventing businesses from benefiting from the FTAs, delegates said at an economic forum in the central province of Thanh Hoa Thursday.
|Vietnam targets $300 billion in exports by 2020|
Vietnam's exports will grow 11-12 percent annually over the next five years to hit US$300 billion by 2020, according to new targets approved by the government this week.
|Vietnam's world integration lacks the right mindset|
There were many shortcomings in Vietnam's efforts to push for international integration including insufficient awareness about the process and a lack of a proactive mindset at some Government ministries and local authorities.
|Export values drop by 4.8%|
The agro, fishery and forestry export value, in the first eight months of 2015, fell by 4.8 per cent over the same period last year to US$19.31 billion.
|Ministry gives social housing another push|
The Ministry of Construction recently asked local authorities nationwide to quicken the building of social housing, in a bid to comply with the national housing development strategy.
|Long Thanh International Airport investment assigned|
The Prime Minister has given a nod to the Airports Corporation of Vietnam (ACV) to invest in Long Thanh International Airport.
|Vietnam attracts over 13.3 billion USD in FDI in eight months|
Vietnam attracted 13.33 billion USD in foreign direct investment (FDI) in the first eight months of this year, an annual increase of 30.4 percent, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
|Dong devaluation will have ‘modest’ impact on Vietnam's property market: report|
Vietnam’s recent devaluation of the dong will have a limited impact on the real estate market as the market is largely fueled by domestic demand and dominated by domestic supply, property research firm CBRE said in a new report.
|Vietnam to start building high-speed cross-country railway in 2030|
The construction of a high-speed railway system running from north to south is included in the master plan to develop Vietnam’s train transportation in the next 15 years.
|Minimum pay increase for 2016 yet to be fixed|
The Vietnam Chamber of Commerce and Industry (VCCI) and the Vietnam General Confederation of Labour (VGCL) fell short of fixing the minimum wage increase for 2016 during a meeting in Hanoi on August 25.
|Dollar up on flea market; hits new SBV ceiling rate|
Dollar rates soared in the flea market and touched the latest ceiling rate set by the State Bank of Viet Nam in commercial banks yesterday.
|Oil slump costs VN $2.5b in export losses this year|
The country's crude oil export value had fallen sharply by nearly US$2.5 billion in January-August 15 due to the slumping oil price globally, according to the General Department of Customs.
|Vietnam enjoys strong export growth in UAE|
Vietnam’s exports to the United Arab Emirates (UAE) hit 3.463 billion USD in the first seven months of this year, up 23.37 percent year on year, reported Nhan dan (People) daily.
|Vietnam draws foreign investment in securities|
Government Decree 60/2015/ND-CP on scrapping foreign ownership limit in Vietnam’s securities market, which will take effect on September 1, is expected to create huge opportunities for the Southeast Asian country to attract foreign investment, heard a recent seminar in Singapore.
|Vietnamese, European firms should bolster connections to take advantage of trade pact: expert|
The expected formal signing of a free trade agreement between Vietnam and the European Union (EU) will be an important step forward, but it is more necessary to strengthen business connections to bring benefits to the two sides, an expert said at a workshop in Ho Chi Minh City on Thursday.
|HCM City’s August CPI drops 0.12 percent monthly|
The August consumer price index (CPI) in Ho Chi Minh City declined 0.12 percent from the previous month, contributing to an annual 0.66 percent rise in the southern economic hub’s average eight-month index.
|VN ranks high in smartphone usage|
The data consumption rate in Viet Nam is among the highest in the Asia-Pacific (APAC) region, according to a recent report released by Opera Mediaworks and the Mobile Marketing Association.
|Ho Chi Minh City region should sharpen competitive edge for economic breakthrough: pundit|
As Vietnam is deeply integrating into the global and regional economy, the region covering Ho Chi Minh City and neighboring provinces have many opportunities for an economic breakthrough that it will likely miss if an acceleration is not in place, an expert in competitive advantage research told Tuoi Tre (Youth) newspaper in an interview.
|Tax revenue surges in first half of 2015|
Deputy Finance Minister Huynh Quang Hai speaks with Nhan Dan (People) newspaper about how the Government has improved tax collection.
|HCM City supports OV enterprises|
Measures to resolve difficulties and support business and investment activities of overseas Vietnamese (OV) enterprises were discussed in a conference held in Ho Chi Minh City (HCM City) on August 21.
|Investment climbs in property sector|
Investment inflows into the property sector has surged, especially credit from banks, said Nguyen Tran Nam, former Deputy Minister of Construction and Chairman of the Vietnam Real Estate Association (VREA).
|Vietnam, China seek to push trade ties|
Opportunities and shortcomings in economic, trade, investment and tourism ties between Vietnam and China were the main topics at a seminar in Beijing on August 20, aiming to help raise bilateral trade value to 100 billion USD.
|Vietnam devalues dong by 1%, widens trading band to 3%|
The State Bank of Vietnam (SBV), the country’s central bank, on Wednesday depreciated the dong by one percent against the U.S. dollar in its latest move to cope with the devaluation of the Chinese yuan last week.
|Gas prices fall again in Vietnam after global dips|
Retail fuel prices in Vietnam went down 4 percent at 3 p.m. Wednesday, two weeks after a similar cut was made as the global prices continued to plummet.
|Vietnam mulls higher taxes on big cars to relieve strained infrastructure|
The Ministry of Finance has announced a plan to increase luxury taxes on cars with large engines after the government said big vehicles that take up much space and consume much fuel must be restricted.
|HCM City speeds up work on special economic zone|
The HCM City administration has instructed relevant agencies to finalise plans for the establishment of a special economic zone encompassing districts 7, Binh Chanh, Nha Be, and Can Gio.
|Ho Chi Minh City to set up special economic zone|
Ho Chi Minh City is set to create a special economic zone spanning four districts to boost development, the municipal administration said.
|Tax breaks to lift auto industry|
Cars with various engine displacement values are expected to enjoy a rebate in the special consumption tax in Viet Nam as of July 1, 2016, according to a revised draft on Tax Law issued by the Ministry of Finance recently.
|State-owned groups speed up equitisation|
State-owned economic groups are continuing to restructure their member companies, even as they surpass their set business plan targets for the first half of the year.
|Property association executive refutes bubble possibility|
A real estate bubble of the kind seen in 2007 is not likely to occur this year or 2016, according to Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association (HoREA).
|Vietnam’s manufacturing index rises fastest due to cost competitiveness: report|
Vietnam continues to rise fast as an attractive manufacturing destination due to its edge in cost competitiveness, according to the findings in a report released by a U.S.-headquartered commercial real estate services firm last week.
|Credit growth on target to hit 15-17%|
Credit growth by August 10 reached 8.3 per cent compared to December last year, much higher than during the same period last year, said director of the State Bank of Viet Nam's Credit Department, Dang Tien Dong.
|Tax survey: 41 percent of foreign firms have to pay bribes in Vietnam|
A new survey has found that when it comes to tax procedures in Vietnam, foreign companies are more likely to be asked to pay "unofficial fees" to tax officials.
|HCM City property rebounds|
The HCM City housing market is recovering thanks to effective government policies like allowing foreigners and overseas Vietnamese to buy houses, an industry insider has said.
|Vietnam adjusts currency trading band to cope with yuan devaluation|
The State Bank of Vietnam (SBV) on Wednesday allowed the Vietnamese dong to be traded more flexibly within a widened trading band in response to China’s depreciation of its currency, the Chinese yuan.
|Majority of businesses satisfied with tax procedures reform|
Up to 71 percent of enterprises said they were satisfied with the tax administrative procedures reform in 2014, according to a report released in Hanoi on August 11.
|VN businesses face challenges competing in ASEAN market|
Experts yesterday expressed doubts about Viet Nam's ability to ease its business environment to the average level of doing business in ASEAN-6 by the end of the year.
|Nearly 1 in 3 companies in Vietnam bribe tax officials: survey|
Nearly a third of companies in Vietnam say they have to pay "unofficial fees" to tax officials, even as recent tax procedure reforms have improved the country's business environment, a new report found.
|Vietnamese retailers fail to savvy growing trend of online shopping on phone|
One convenience of mobile devices is that they allow people to shop from wherever they are, but many businesses in Vietnam have not managed to work on their mobile interface, a new survey suggest.
|Vietnam looks back on 20 years of receiving, using development aid|
With official development assistance greatly contributing to the growth of the country over the last 20 years, it is important that Vietnam ensure an effective and transparent use of such a valuable source of capital, local experts said Friday.
|Ho Chi Minh City works to speed up ODA disbursement|
The HCM City People’s Committee set out to accelerate the disbursement of projects using official development assistance (ODA) loans after a low disbursement rate in the first half this year.
|PM holds dialogue with ASEAN Business Club members|
The Vietnamese Government always welcomes and will create most favourable conditions for Malaysian investors and those from other ASEAN member nations to operate in Vietnam , Prime Minister Nguyen Tan Dung told members of the ASEAN Business Club (ABC) at a dialogue in Kuala Lumpur on August 8.
|Credit growth lifts bank profits|
High credit growth has helped many commercial banks to gain impressive profits this year despite having to provide a larger amount for provisional fund.
|Automobile sales soar by 60 percent in July|
As man as 20,349 automobiles were sold in July, an increase of 9 percent from June and 61 percent compared to the same period last year, the Vietnam Automobile Manufacturers’ Association (VAMA) revealed in its July sales report on August 6.
|Vietnam’s budget deficit tops $4.63bn in January-July: ministry|
Vietnam’s government spending in the first seven months of 2015 overshot its budget plan by more than US$4.5 billion, the Ministry of Finance said.
|Viet Nam ranks high in M&A|
Viet Nam ranks high among ASEAN countries in the number of merger and acquisition (M&A) deals and the value of deals that involved the world's inflow capital, according to the consulting firm RECOF Corporation of Japan.
|Ho Chi Minh City to take lead in green fuel, ban common gasoline grade|
Ho Chi Minh City, in probably one of its boldest moves to boost the use of greener fuel, will completely ban the most common gasoline grade 92 RON.
|Seven-month overspending estimated at 4.6 billion USD|
Budget overspending reached an estimated 100.7 trillion VND (4.6 billion USD) in the first seven months of this year, equal to 44. 5 percent of the year’s budget estimates, the Ministry of Finance said on August 5.
|Vietnam currency to come under pressure: finance supervisory commission|
The Vietnamese government is likely to be hard-pressed to keep its promise of preventing the dong from sliding more than 2 percent against the dollar in the rest of this year, the National Financial Supervisory Commission has warned in its latest report.
|Vietnam to have new tallest building in 2017|
Vietnam is expected to have a new tallest building in 2017, with an 81-story British-designed skyscraper now under construction in Ho Chi Minh City.
|Vietnam, EU finish negotiations on free trade agreement: report|
After 13 rounds of talks since 2012, Vietnam and the European Union have concluded their negotiation on a free trade agreement which was expected to raise the country's exports to the market by 30-40 percent, Saigon Times Online reported.
|Viet Nam GDP to gain most from TPP, AEC|
Viet Nam is the country likely to achieve the biggest gross domestic product (GDP) increase in percentage terms by joining the Trans-Pacific Partnership and ASEAN Economic Community in almost all simulation scenarios, according to a study by the Viet Nam Institute for Economic and Policy Research.
|Vietnam registers decreases in business number, scale|
The scale of Vietnamese businesses has decreased with the average registered capital of a newly-established firm till July this year being 6.2 billion VND (284,400 USD), reducing 0.2 percent over the same period last year.
|In celebration of 46 years since the Foundation of Dong Tam Brand|
From 6 June to 27 June 2015, in celebration of 46 years since the Foundation of Dong Tam Brand (25/6/1969 - 25/6/2015), Dong Tam Group organized many meaningful activities for nearly 3,500 employees in 3 regions.
|Dong Tam Group’s Lively 2015 Cultural & Sporting Events|
In celebration of 46 years since the Foundation of Dong Tam Brand (25/6/1969 - 25/6/2015), Dong Tam Group organized Sporting Events in 3 regions of Vietnam from the 6th of June to 25th of June 2015.
|Over 800 enterprises joined the 2015 International Vietbuild Exhibition in Ho Chi Minh City|
On the 18th of June 2015, the opening ceremony of the 2015 International Vietbuild Exhibition was held at the Saigon Exhibition and Convention Centre. The exhibition, which focused on the theme Real Estate- Architecture and Interior Decor and design, was held on two different occasions; the first from 18 June to 22 June 2015 and the second was from 1 September to 5th September 2015.
|Dong Tam Group achieved 130.84% of planned profit in 2014|
On the morning of 27/5/2015, at the Company Headquarters (Ben Luc Commune, Long An Province), Dong Tam Group successfully organized the 2015 Annual General Shareholder’s Meeting with 87.4% participation of voting shareholders.
|Dong Tam Grand Slam Open 2015 - Celebration of President Ho Chi Minh’s 125th Birthday|
On the morning of 17/5/2015, in celebration of the occasion of President Ho Chi Minh’s 125th birthday (19/5/1890 – 19/5/2015), Dong Tam Corporation organized a Tennis Grand Slam Open event with the participation of more than 100 players and spectators.
|Nearly 1.7 billion USD of FDI pours into real estate market|
The country's property market attracted 1.69 billion USD in foreign direct investment (FDI) for 15 projects in the first seven months of 2015, according to the Foreign Investment Agency.
|Vietnam's fast rising property market leaves hard times behind|
Brought to its knees when its property market bubble burst four years ago, Vietnam is riding into another boom, with construction starting in Ho Chi Minh City on two of the world's tallest skyscrapers and buyers snapping up new projects fast.
|Vietnam central bank says forex reserves at $37 bln: media|
Vietnam's foreign exchange reserves excluding gold at the end of this month will have reached $37 billion, up from last year's record $36 billion, a local newspaper cited the country's central bank governor on Wednesday as saying.
|UK firms eye infrastructure cooperation in HCM City|
Vice Chairman of the Ho Chi Minh City People’s Committee Tat Thanh Cang held a working session on July 30 with a visiting UK business delegation who came to learn about cooperation opportunities in local infrastructure development.
|Firms see both opportunities and challenges from FTAs|
Gold opportunities as well as simultaneous tremendous challenges will be brought to Vietnamese businesses when free trade agreements (FTAs), including the Trans-Pacific Partnership (TPP) agreement come into effect, heard a conference in the Mekong Delta city of Can Tho on July 29.
|Traffic accidents kill over 5,100 in Vietnam in Jan-Jul, down 3.7%|
The numbers of traffic accidents and resulting deaths and injuries decreased in the seven months ending on July 15 compared to the same period last year, the National Traffic Safety Committee reported on Tuesday.
|Vietnam Jan-July foreign investment declines 8 pct|
Foreign direct investment in the first seven months declined by 8 percent year-on-year to US$8.8 billion, the Foreign Investment Agency has reported.
|Trade deficit reaches 3.4 billion USD in seven months|
Vietnam's trade deficit was estimated to have reached 3.37 billion USD in the first seven months of 2015, 300 million USD more than 3.07 billion USD in the year’s first half, the General Statistics Office (GSO) reported on July 27 in Hanoi.
|FDI in Ho Chi Minh City doubles|
The flow of foreign direct investment (FDI) into Ho Chi Minh City thus far this year has reached 2.5 billion USD, up 2.3 times from the same period last year, according to the municipal People’s Committee.
|Vietnam marks 20th anniversary of ASEAN membership|
Vietnam became the 7th member of the Association of South East Asian Nations (ASEAN) on July 28, 1995, which is a major landmark in the country’s regional integration process as well as in the region’s road to cooperation and linkage.
|Developers race to spruik properties as Vietnam opens door to foreign buyers|
With foreign ownership of houses and apartments now allowed in Vietnam, international customers and brokers have begun frequenting real estate showrooms in Ho Chi Minh City, while realty developers are boosting promotional campaigns to attract the new category of buyers.
|Seven-month CPI pace slowest in a decade|
Vietnam’s consumer price index (CPI) was at 10-year low in July, gaining only 0.68 percent from the end of 2014, the General Statistics Office (GSO) revealed on July 24.
|Survey finds less than 20% of Vietnamese satisfied with economy|
The satisfaction of Vietnamese people with the national economy has fallen to a worryingly low level, the latest survey conducted by the Vietnam Chamber of Commerce and Industry (VCCI) and the World Bank finds.
|Economic recovery, new laws prop up property market|
A steady economic growth rate, the new Property Business Law and the revised Housing Law, which took effect on July 1, are encouraging the recovery of the property market which has suffered a long period of downturns.
|Ho Chi Minh City seeks sharp hike in vehicle registration fees|
Ho Chi Minh City is planning to increase registration fees for cars and motorbikes by up to five times in September, saying this will help discourage use of personal vehicles and bring in more revenues.
|Ho Chi Minh City to have $5.9mn ‘river bus’ routes|
Ho Chi Minh City authorities have approved a project to set up two inland waterway transport routes to carry passengers on boats from District 1 to District 6 and Thu Duc District, local media said.
|Vietnam plans to end EVN monopoly in power market in 2016|
Vietnam will have more electricity suppliers next year, giving local consumers a wide range of options instead of forcing them to buy from state-owned EVN, the sole supplier at the moment, an insider said.
|National Committee for APEC 2017 debuts|
Prime Minister Nguyen Tan Dung attended the debut of the National Committee for activities of the Asia-Pacific Economic Cooperation forum in 2017 (APEC 2017) in Hanoi on July 21.
|Vietnam cuts pump prices slightly following global drops|
Vietnam fuel retailers cut gasoline prices by up to 2 percent Monday and oil prices by around 7 percent, the third price reduction this year as global rates continued to fall.
|Car sales increase 58 percent over last year|
Sales of automobiles rose in most segments during the first half of the year in comparison with the same period last year.
|Vietnam to benefit from RCEP market region|
Vietnam will be able to access a huge market of 3.4 billion people when it joins the Regional Comprehensive Economic Partnership (RCEP).
|Retail property sales climb in two main cities, but not rents|
The retail property segment in the two major cities of Hanoi and Ho Chi Minh City saw recovery in occupancy but not in rent, Savills Vietnam said.
|Vietnam struggles to attract investors to transport infrastructure|
Vietnam is seeking to attract investment to develop its transport infrastructure, but it is not an easy task since local companies have limited finances while foreign ones are not interested in the business.
|State budget collection to reach 20 pct of GDP|
State budget collection for the next five years is expected to make up 20-21 percent of the GDP, Deputy Minister of Finance Do Hoang Anh Tuan said at a meeting of the Ministry’s Party Committee on July 17.
|Vietnam's labor union proposes 17 percent wage increase for 2016|
Vietnam’s labor union is proposing a 17 percent increase in the minimum wage for employees, much higher than the bump rate suggested by businesses earlier.
|Vietnam ministry to propose that government halt road fee collection|
The Vietnamese Ministry of Transport on Thursday said it will urge the government to stop the collection of annual road maintenance fees from motorbike owners.
|Vietnam's banks see lower bad debts, more loans: central bank|
Vietnam's banks expect improved business in the third quarter ending September and better results for the whole of 2015, with loans expected to grow faster and bad debts kept in check, the State Bank of Vietnam said on Tuesday.
|Young population, Internet accessibility give e-commerce chance to thrive in Vietnam|
E-commerce has great potential to prosper in Vietnam given a rising young population and easy Internet accessibility, a trend which is also taking place in many areas of Asia, according to a recent report and the ideas shared by experts at a conference on e-commerce last week.
|Recovery in Vietnam's property market is real: official|
Vietnam's real estate market has been recovering thanks to effective government policies, an official said, dismissing concerns that the recent rapid increase in property transactions was caused by speculation.
|Vietnam to launch “taking drunkards home” service to improve traffic safety|
The National Committee for Traffic Safety said it will launch the model “Restaurants for the sake of traffic safety” in Hanoi, Da Nang City and Ho Chi Minh City in an effort to reduce traffic accidents caused by drivers under the influence of alcohol.
|Vietnam increasingly dependent on China, despite rhetoric|
Vietnam’s trade deficit to China surged again this year despite pledges to reduce dependence on the dominant supplier following last May's oil rig row.
|Austrian President believes in Vietnam’s development prospect|
Austrian President Heinz Fischer said he believes Vietnam will overcome any difficulties and challenges to develop further in the future.
|VN resolves to improve national competitiveness|
Perfecting the State of the rule of law, ensuring people’s freedom and democracy, and completing the market economy mechanism constitute a driving force and also key measures to improve the national economy’s effectiveness and competitiveness, Prime Minister Nguyen Tan Dung said on December 5.
|Deputy PM visits Laos to promote ties|
Deputy Prime Minister and Foreign Minister Pham Binh Minh began his two-day official visit to Laos on December 4 at the invitation of his Lao counterpart Thonglun Sisulith.
|PM to attend ASEAN-RoK commemorative summit, visit RoK|
Prime Minister Nguyen Tan Dung will attend a Commemorative Summit to mark the 25th anniversary of ASEAN-Republic of Korea (RoK) Dialogue Relations and pay a working visit to the RoK from December 10-12.
|Purchasing power up as Tet festival nears|
|Vietnam's total retail sales of goods and services in November increased by three percent month-on-month and 12.2 percent year-on-year to 265.33 trillion VND (12.62 billion USD).|
|Ho Chi Minh City attracts over 3.1 billion USD in FDI|
Ho Chi Minh City, the largest southern economic hub, has attracted 3.15 billion USD in foreign direct investment (FDI) in the first 11 months of this year, the Dau Tu (Investment) newspaper said, quoting a report from the city’s People’s Committee.
|HCM City to need 265,000 workers in 2015|
Ho Chi Minh City-based businesses will recruit 265,000 workers next year, according to the municipal Centre for Manpower Need and Labour Market Forecast.
|President eases concern over socio-economic issues|
President Truong Tan Sang met constituents in Ho Chi Minh City’s districts 1 and 3, easing their concern over a number of socio-economic issues.
|Property market on road to recovery|
Potential is seen in the development of the Vietnamese property market in the next 10 years, as it is now on the path of recovery.
|Apolitical military – groundless claim|
Associate Prof Dr Nguyen Ngoc Hoi, former editor-in-chief of the All People Defence Magazine, has emphasised the need to build a politically strong army and dismissed the view on apolitical military as a groundless claim in a recent article.
|Vietnam, Russia cement legislative relations|
National Assembly Chairman Nguyen Sinh Hung and visiting Chairman of the State Duma of the Federal Assembly of Russia Sergey Evgenievich Naryshkin agreed to deepen the friendship and cooperation between the two legislative bodies in a practical and effective manner during their talks in Hanoi on December 2.
|PM asks for tighter price, market control|
Prime Minister Nguyen Tan Dung has urged for tighter control of price and market as well as combating contraband and low-quality goods as the New Year is approaching.
|PM asks for tighter price, market control|
Prime Minister Nguyen Tan Dung has urged for tighter control of price and market as well as combating contraband and low-quality goods as the New Year is approaching.
|Vietnam PM approves 9-day Lunar New Year holiday|
People queue outside the country's first McDonald's restaurant in Ho Chi Minh City during the Lunar New Year holiday in 2014. Prime Minister Nguyen Tan Dung has allowed state employees to have nine days off for Tet and two other extended holidays in 2015. Photo credit: AFP
|Vietnam calls for IOF’s greater attention to women, children|
Vice President Nguyen Thi Doan has called on the French-speaking community to pay greater attention and increase resources for the protection and promotion of women and youngsters’ engagement in political, economic and social life.
|Vietnam delays plan to ease restrictions on foreign shareholders|
A man stands outside the Ho Chi Minh Stock Exchange (HOSE) in Ho Chi Minh City. International investors will have to wait at least 10 months for Vietnam to ease curbs on foreign shareholders after a 2013 proposal to increase ownership limits was shelved. A man stands outside the Ho Chi Minh Stock Exchange (HOSE) in Ho Chi Minh City. International investors will have to wait at least 10 months for Vietnam to ease curbs on foreign shareholders after a 2013 proposal to increase ownership limits was shelved.
|Vietnam hopes for further ties with Ethiopia|
Vietnam always wishes to expand mutually beneficial cooperation with African countries, including Ethiopia, said Deputy Prime Minister Vu Van Ninh during talks with his visiting Ethiopian counterpart Demeke Mekonnen in Hanoi on November 28.
|13th National Assembly’s eighth session wraps up|
The eighth session of the 13th National Assembly (NA) concluded on the November 28 afternoon after more than one month of working with a heavy agenda dealing with a number of important issues.
|Consumer confidence keeps climbing|
Consumer confidence in Vietnam gained further momentum in the third quarter, increasing by four points from Q2 according to survey results released last week by global information and measurement company Nielsen.
|Cement consumption on the rise|
In spite of continuing economic difficulties, cement and clinker consumption next year will reach roughly between 71 million and 73 million tonnes, a four- to seven-percent year-on-year increase
|Thai PM’s Vietnam visit manifests strategic partnership|
Prime Minister Nguyen Tan Dung has told his Thai counterpart Prayuth Chan-ocha that his official visit to Vietnam right after taking office is a vivid manifestation of the two countries’ strategic partnership.
|Party chief begins official visit to Belarus|
Party General Secretary Nguyen Phu Trong landed in Minsk , the capital of Belarus on November 26, starting his official three-day visit at the invitation of Belarusian President Alexander Lukashenko.
|Vietnam adopts new rules allowing 50-year foreign ownership over houses|
Vietnamese lawmakers have approved the revised Law on Housing, allowing foreign ownership of houses or apartments for 50 years, as the government seeks to boost the ailing domestic real-estate market.
|Italian investors keen to invest in industrial parks|
Italian enterprises are particularly interested in pouring money into projects at industrial parks in Ho Chi Minh City, Dong Nai and Binh Duong provinces, said Chairman of the Italian Chamber of Commerce in Vietnam (ICHAM) Michele D’Ercole at a business forum on November 26.
|Stocks rise on both bourses on positive CPI data|
Stocks improved on November 25 on both exchanges, driven by blue chips, after two days of falls.
|Vietnam’s trade surplus hits 2 billion USD|
Vietnam's trade surplus in the first 11 months of 2014 has reached 2 billion USD, a 100-million USD increase over the surplus recorded in the first ten months of the year.
|IFAD assists Vietnam 22 million USD to alleviate poverty|
The International Fund for Agricultural Development (IFAD) under the UN will provide Vietnam an aid package of 22 million USD to relieve poverty, according to an agreement signed in Rome, Italy, on November 25.
|CLV summit pushes for expanded cooperation|
Prime Ministers Nguyen Tan Dung, Thongsinh Thammavong and Hun Sen co-chaired the eighth Cambodia-Laos-Vietnam (CLV) Development Triangle Summit in Vientiane, Laos, on November 25.
|Property market on road to recovery|
Potential is seen in the development of the Vietnamese property market in the next 10 years, as it is now on the path of recovery.
|Party General Secretary meets Russian legislators|
Party General Secretary Nguyen Phu Trong’s visit is an important landmark for the bilateral relations between the two countries, top Russia legislators said during their separate meetings with the Vietnamese Party chief in Moscow on November 24.
|Party leader begins official visit to Russia|
Party General Secretary Nguyen Phu Trong arrived at Vnocovo-2 Airport in Moscow on November 23, beginning his official visit to Russia at the invitation of President Vladimir Putin.
|Party leader begins official visit to Russia|
Party General Secretary Nguyen Phu Trong arrived at Vnocovo-2 Airport in Moscow on November 23, beginning his official visit to Russia at the invitation of President Vladimir Putin.
|Vietnam gas prices down further on global falls|
Vietnamese fuel traders on Saturday lowered the retail prices of gasoline for the tenth consecutive time since late July, following an order by two ministries.
|PM pledges favourable conditions for German investors|
Prime Minister Nguyen Tan Dung has told German Vice Chancellor and Federal Minister for Economic Affairs and Energy Sigmar Gabriel that Vietnam always keeps its door wide open for German investors and creates favourable conditions for them to run long-term business in Vietnam.
|German investments required to boost Vietnamese national development: PM|
Vietnam’s dynamically growing economy is in need of investments worth billions of USD in infrastructure, renewable energy, transportation, seaport development and other areas, which provides a great opportunity for foreign investors, including Germans, Prime Minister Nguyen Tan Dung said.
|WB warns HCMC that clock is ticking on $95 million loan|
The World Bank urged the Ho Chi Minh City government to spend US$95.3 million in funds earmarked for infrastructure upgrades before the disbursement period ends and the money becomes unavailable.
|Vietnam, Indonesia favourites in Group A|
Vietnam and Indonesia football teams are favourites to qualify for the Southeast Asian Football Championship semi-finals, which will kick off on November 22 .
|Vietnam, Australia hold defence and foreign affairs dialogue|
The third deputy ministerial-level foreign affairs and defence strategic dialogue between Vietnam and Australia took place in Canberra, Australia on November 20.
|Vietnamese, Iranian legislators deepen affiliation|
Chairman of the National Assembly’s Committee for External Relations Tran Van Hang hosted a reception for Hossein Sobhaninia, a member of Iran’s Islamic Consultative Assembly Presiding Board and Chairman of the Iran-Vietnam Parliamentary Friendship Group, in Hanoi on November 19.
|Concrete policies needed to lure more FDI: experts|
A light decrease in foreign direct investment (FDI) into Vietnam over the last 10 months prompted experts to ask for the introduction of a market-oriented attraction strategy along with post-licensing caring services for operating investors.
|PM responds to NA deputies’ queries|
Prime Minister Nguyen Tan Dung laid out a series of measures to deal with public debt and bad banking loans by 2020 in his address to lawmakers in Hanoi on November 19.
|Failure to transfer automobile ownership to incur fines|
As of January 1, 2015, individuals or organizations that are found not making ownership transfers for their automobiles in Vietnam will be fined, according to a government decree.
|Minister answers queries about transport infrastructure, safety|
Minister of Transport Dinh La Thang responded to questions about the overall picture of infrastructure and the responsibility of the ministry and local authorities for ensuring traffic safety at a National Assembly question-and-answer session in Hanoi on November 18.
|Vietnam's budget carrier launches cargo unit|
A VietJet Air aircraft taxis along the tarmac at Noi Bai International Airport in Hanoi. Photo credit: Bloomberg A VietJet Air aircraft taxis along the tarmac at Noi Bai International Airport in Hanoi. Photo credit: Bloomber
|Vietnamese bonds decline following increase in interbank rates|
The Hanoi Stock Exchange stands in Hanoi. The State Treasury sold VND800 billion (US$37.5 million) of five-year bonds and VND200 billion of 10-year debt on November 13. Photo credit: Bloomberg The Hanoi Stock Exchange stands in Hanoi. The State Treasury sold VND800 billion (US$37.5 million) of five-year bonds and VND200 billion of 10-year debt on November 13. Photo credit: Bloomberg
|New vitality in village in former revolutionary base|
President of the Vietnam Fatherland Front (VFF) Nguyen Thien Nhan was rejoiced at seeing the latest changes in Tan Lap Village in the former revolutionary base in the northern mountainous province of Tuyen Quang as a result of the VFF’s “All people unite to build cultural lifestyle in residential communes” campaign.
|Vietnam confidence vote reflects level of satisfaction|
The confidence vote for the nation’s top political leaders, which was officially announced on late Saturday afternoon, reflects the level of satisfaction of the National Assembly (NA) delegates on the performance of 50 top officials of the country.
|Vietnam Airlines raises $51 million in IPO|
Vietnam Airlines raised roughly VND1.09 trillion (US$51.3 million) in its initial public offering on Friday, meeting its expectations though the state-owned carrier failed to attract foreign buying.
|NA Chairman: verification of feedback prerequisite for confidence votes|
National Assembly Chairman Nguyen Sinh Hung asked legislators to carefully evaluate feedback before casting votes of confidence on the three-year performances of top officials on November 15 in Hanoi.
|Vietnam okays research on controversial cave cable car|
An explorer repels down into Son Doong cave in Quang Binh Province. Photo credit: quangbinh.gov.vn/Vietnam News Agency An explorer repels down into Son Doong cave in Quang Binh Province. Photo credit: quangbinh.gov.vn/Vietnam News Agency
|Da Nang seeks to attract more FDI sources|
The central city of Da Nang has attracted foreign direct investment (FDI) worth 153 million USD so far this year, only 52.7 percent of last year’s FDI.
|New association boosts efforts to tackle UXOs|
The Vietnam Bombs and Mines Action Support Association was established in Hanoi on November 12 with the aim to assist efforts to tackle the impacts of unexploded ordnances (UXOs) and aid UXO victims.
|Vietnamese, US leaders meet on East Asia Summit’s fringes|
Vietnamese Prime Minister Nguyen Tan Dung and US President Barack Obama lauded encouraging progress made in the relations between the two countries, especially since they set up the comprehensive partnership in 2013, during a meeting in Nay Pyi Taw, Myanmar, on November 13.
|WB lends 500 million USD for grid transmission project|
The State Bank of Vietnam (SBV) and the World Bank (WB) signed off on a loan for 500 million USD in Hanoi on November 12 to help the energy sector improve the efficiency of the national grid transmission.
|PM meets Russian, Australian counterparts|
Prime Minister Nguyen Tan Dung met his Russian and Australian counterparts in Myanmar ’s capital city Nay Pyi Taw on November 12 to discuss boosting bilateral ties.
|PM attends ASEAN summits with partners|
Prime Minister Nguyen Tan Dung attended the ASEAN Summits with India , Japan , and the United Nations, as well as a summit to celebrate the 40th anniversary of the ASEAN–Australia partnership in Nay Pyi Taw, the capital of Myanmar , on November 12.
|Vietnam, Australia strengthen defence ties|
Australia is the leading nation in helping Vietnam train English language and military skills for personnel, especially the peacekeeping force, said Deputy Defence Minister Senior Lieutenant General Do Ba Ty during his visit to Australia on November 8 -12.
|Japan proposes underground malls at future metro station|
Japan has proposed the construction of underground facilities including shopping malls and a supermarket at the Ben Thanh Station on the Ben Thanh-Suoi Tien metro line, which is now under construction.
|Vietnam to join APEC economies in innovative development|
Vietnam will continue working with other APEC member economies to promote innovative development, economic reform and growth, affirmed President Truong Tan Sang at a November 11 discussion as part of the 22nd Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting in Beijing, China.
|PM leaves for 25th ASEAN Summit in Myanmar|
Prime Minister Nguyen Tan Dung left Hanoi on November 11 for Nay Pyi Taw, Myanmar, to attend the 25th ASEAN Summit and related meetings from November 12-13, at the invitation of Myanmar President Thein Sein.
|Businesses join efforts to minimise child fatality|
A community called ZEROworkplace made debut in Ho Chi Minh City on November 10 with an aim of calling upon Vietnamese businesses to support activities minimising child fatality, including the ongoing measles-rubella vaccination campaign.
|PM Nguyen Tan Dung to attend 25th ASEAN Summit|
Prime Minister Nguyen Tan Dung will lead a Vietnamese delegation to the 25th Summit and related meetings of the Association of Southeast Asian Nations (ASEAN) at the invitation of Myanmar’s President Thein Sein.
|APEC Senior Officials’ Meeting concludes with forward-looking results|
The Asia-Pacific Economic Cooperation (APEC) Senior Officials’ Meeting wrapped up in Beijing on November 6 with agreements reached on a number of practical matters.
|Vietnam asks China to stop illegal activities on Truong Sa|
Vietnam urgently requests China to immediately put an end to its construction projects on Truong Sa (Spratly) archipelago and refrain from repeating illegal activities in the future.
|Vietnamese lacquer paintings exhibited in London|
An exhibition featuring the unique of the Vietnamese lacquer is being held in London as part of a programme to promote the Vietnamese culture and tourism in the United Kingdom.
|Vietnamese firms lack funds for technological upgrades|
Experts urged the Government to craft policies that encourage technology transfer among companies in order to enhance the added value of their products.
|PM praises northwestern residents and war invalids|
Prime Minister Nguyen Tan Dung hailed a number of outstanding residents, war invalids and martyrs’ families of the northwestern region for their contributions to socio-economic development, culture, security and defence, and Party and Government building during a reception for regional representatives in Hanoi on November 5.
|VUFO Vice President meets Indian guest|
The seventh Vietnam–India friendship festival scheduled for next year in India will deepen the bilateral strategic partnership, Vice President of the Vietnam Union of Friendship Organisations (VUFO) Nguyen Thi Hoang Van said.
|PM calls for further efforts to manage illegal drugs and addiction|
Prime Minister Nguyen Tan Dung urged relevant ministries and the community at large to apply more systematic measures to ensure the effectiveness of drug addiction prevention and control, as well as treatment and rehabilitation.
|Prime Minister affirms close relations with UK|
Vietnam and the UK should continue to implement signed agreements and propose new cooperation programmes, especially in economics, trade and investment.
|Vietnam is top investor in Laos|
Vietnam has 250 projects licenced in Laos so far, with total investments of over 5 billion USD, 96 percent of which are located in southern provinces, according to data from the Ministry of Planning and Investment.
|Vietnam criticizes attacks on Vietnamese nationals|
Vietnam strongly condemns all actions that harm the bodies and lives of Vietnamese citizens, Deputy Spokesperson of the Foreign Ministry Pham Thu Hang said on October 31 regarding the Vietnamese citizen who was attacked in Malaysia.
|President Truong Tan Sang greets Japanese entrepreneurs|
President Truong Tan Sang hosted a reception for Yoichi Kobayashi, Chairman of the Japan-Mekong Business Cooperation Committee, in Hanoi on October 31.
|Vietnamese, Swedish nationals look back upon friendship|
Vietnamese and Swedish citizens met up in Hanoi on October 30 to review their countries’ friendship since the establishment of bilateral diplomatic ties 45 years ago.
|Vietnam’s economy improving: CBRE|
Vietnam's GDP grew 5.62 percent in the first nine months of 2014, along with accelerating foreign investment that increased exports and manufacturing, according to a report released by CBRE Vietnam.
|PM: Public debt remains within limit|
Prime Minister Nguyen Tan Dung announced that public debt remains below the safety limit of 65 percent of gross domestic product (GDP), and will sink to 60.2 percent by 2020.
|Vietnamese, Lao news agencies boost cooperation|
The Vietnam News Agency (VNA) and the Lao news agency KPL have agreed to forge deeper links in future, focussing on improving the quality of the news stories exchanged between the two sides and the dissemination of information on the two nations’ special friendship.
|Vietnam, India agree to promote strategic partnership|
Prime Minister Nguyen Tan Dung held talks with his Indian counterpart Narendra Modi in New Delhi on October 28, during which both reaffirmed their commitment to comprehensively developing the bilateral strategic partnership.
|Vietnam jump to 136th in FIFA rankings|
Vietnam have jumped six places to 136th in the International Federation of Football Association's (FIFA) rankings for October, despite not playing any matches last month.
|Vietnam, Argentina enjoy fruitful relations|
The Vietnam-Argentina traditional friendship and the strong development of bilateral cooperation over recent year were highlighted at an event marking the 41st anniversary diplomatic ties between the two countries in Buenos Aires on October 25.
|Prime Minister leaves Hanoi for India|
Prime Minister Nguyen Tan Dung left Hanoi on October 27 for a three-day official visit to India at the invitation of his Indian counterpart Narendra Modi.
|Cooperation project to boost agricultural exports to Finland|
The Vietnam Chamber of Commerce and Industry’s Can Tho branch, together with the Finnish Embassy, held a ceremony on October 23 to launch a project to support Vietnam’s exports of agricultural and aquacultural products to Finland and Northern Europe.
|ASEAN boosts cooperation on pharmaceutical industry|
Representatives of the ASEAN Pharmaceutical Product Working Group (PPWG) discussed bioequivalence study reports on the bloc’s pharmaceutical products in a workshop on October 21-22.
|US urges Vietnam to meet international standards for TPP|
The US asked Vietnam to comply with the international regulations on intellectual property, the environment and labour, which would facilitate the timely conclusion of the Trans-Pacific Partnership, visiting Trade Representative Michael Froman told President Truong Tan Sang in Hanoi on October 22.
|President urges promotion of Vietnam-Angola ties|
President Truong Tan Sang has suggested Vietnam and Angola soon organise a meeting of the Inter-governmental Committee in order to enhance bilateral cooperation in economy, trade and investment.
|Agriculture to eliminate “bottlenecks” in bid to attract FDI|
Agriculture, one of the most competitive economic sectors in Vietnam, needs to develop a long-term strategy to attract foreign direct investment (FDI), which has fallen in recent years.
|NA chief receives US Trade Representative|
National Assembly Chairman Nguyen Sinh Hung welcomed US Trade Representative Michael Froman in Hanoi on October 21, saying that Vietnam always stands ready to boost its comprehensive cooperation with the US, especially in trade and investment.
|President confident about trade with RoK|
Bilateral trade between Vietnam and the Republic of Korea (RoK) is likely to hit 70 billion USD by 2020 once their bilateral free trade agreement is implemented, President Truong Tan Sang said.
|Gov't expects 5.8 percent economic growth for 2014|
Vietnam’s socio-economic development is progressing steadily, with economic growth likely to reach 5.8 percent this year, according to a Government report.
|Cash still trumps online payment|
Electronic payments for online transactions remained modest compared with cash-on-delivery payments, according to a recent report of the Ministry of Industry and Trade on e-commerce in Vietnam.
|PM’s Europe tour concludes successfully|
Prime Minister Nguyen Tan Dung arrived in Hanoi on the morning of October 19, ending his tour to Belgium, the European Union, Germany and Italy where he attended the 10th Asia-Europe Meeting (ASEM) Summit.
|Prime Minister active on sidelines of ASEM-10|
Prime Minister Nguyen Tan Dung had a full schedule during his trip to Milan, Italy, holding a number of bilateral meetings with leaders who also attended the 10th Asia-Europe Meeting ASEM Summit (ASEM-10) on October 16-17.
|Vietnam puts forth initiatives at ASEM-10|
Prime Minister Nguyen Tan Dung proposed strengthening regional, inter-regional and global mechanisms on dialogue and cooperation at a session of the 10 th Asia-Europe Meeting (ASEM) Summit that closed in Milan, Italy on October 17.
|PM highlights ASEM sustainable development|
Prime Minister Nguyen Tan Dung has suggested the Asia-Europe Meeting (ASEM) define sustainable development as an important content of collaboration in coping with global challenges, with people playing a central role.
|Safety, quality key to export growth|
Ensuring food safety and security as well as higher-quality products would enhance the sustainable development of Vietnam's agricultural sector, attendees said on October 15 at a EuroCham seminar that discussed the status of the industry.
|German Chancellor appreciates ties with Vietnam|
German Chancellor Angela Merkel assured Prime Minister Nguyen Tan Dung that Germany values its bilateral ties with Vietnam, a vibrant economy and key player in the birth of the ASEAN Economic Community, during talks in Berlin on October 15.
|“Vietnam Pictorial” urged to boost international readership|
The Vietnam Pictorial, one of the Vietnam News Agency’s publications, has contributed to the country’s external relations and should continue its efforts to bring the land and people of Vietnam closer to international readers.
|Ho Chi Minh City voters voice concerns over corruption|
Corruption remains a pressing problem that needs to be addressed as soon as possible, voters in Ho Chi Minh City’s District 4 said during their meeting with President Truong Tan Sang on October 15.
|Vietnamese, Indian legislative bodies embrace ties|
Vietnamese law-makers hoped to shake hands with their Indian partners on legislative activities to increase mutual understanding, solidarity and political ties between the two countries.
|PM Nguyen Tan Dung starts official visit to Germany|
Prime Minister Nguyen Tan Dung arrived in Stuttgart city, Baden Wuerttemberg, in the afternoon of October 14 (Vietnam time), beginning his official visit to Germany at the invitation of Chancellor Angela Merkel.
|Vietnamese delegation active at IPU-131|
A Vietnamese National Assembly (NA) delegation led by Vice Chairwoman Tong Thi Phong attended the first plenary session of the 131st Inter-Parliamentary Union (IPU) Assembly in Geneva, Switzerland on October 13.
|Vietnam, Belgium talk about priority links|
Vietnam and Belgium have reviewed their all-round cooperation with satisfaction, agreeing that they will prioritise links in seaport, logistics, transport, green technology, hi-tech, aviation and outer space.
|PM’s European tour aims to further ties with partners|
Prime Minister Nguyen Tan Dung is paying visits to Belgium, the European Union, Germany and the Vatican from October 12-18, aiming to discuss ways to further beef up the cooperation between Vietnam and the European partners.
|PM Nguyen Tan Dung begins official visit to Belgium|
Prime Minister Nguyen Tan Dung arrived in Brussels on October 12, beginning his official visit to Belgium at the invitation of his Belgian counterpart Elio Di Rupo.
|Prime Minister to visit Belgium, EU, Germany, Vatican|
Prime Minister Nguyen Tan Dung will pay official visits to Belgium, the European Union (EU), and Germany from October 13-15.
|44th UPU letter writing competition kicks off|
The 44th Universal Postal Union (UPU) International Letter Writing Contest was launched in the northern port city Hai Phong on October 9 under the theme “Tell us about the world you want to grow up in”.
|Academics analyse East Sea disputes in international seminar|
Experts from Vietnam, Germany, the US, Indonesia, Japan and the Philippines are coming together at an international seminar in Hanoi to discuss sovereignty disputes in the East Sea and their multidimensional impacts.
|Vietnam prioritises Japan in foreign relations|
Vietnam has always considered fostering the comprehensive relationship with Japan as one of the top priorities laid down her external policy, Deputy Prime Minister Nguyen Xuan Phuc has stated.
|Japan keen to foster agricultural cooperation with Vietnam|
Japan is willing to provide support and cooperate with Vietnam in the field of high-tech agriculture, Deputy Chief Cabinet Secretary Hiroshige Seko said on October 8 during a meeting with the Secretary of the Ho Chi Minh City Party Committee Le Thanh Hai in Tokyo.
|Vietnam, Belarus work on military personnel training|
Vietnam and Belarus pledged to cooperate on military personnel training, with a focus on political ideology.
|President welcomes Asian, European musicians|
President Truong Tan Sang received a delegation of international artists on October 8, who will perform in the Asia-Europe New Music Festival, the first of its kind in Vietnam.
|Ho Chi Minh City leaders visit Japan|
Senior officials from Ho Chi Minh City held talks with the Japanese President of the House of Councillors Masaaki Yamazaki as part of their visit to Japan to concretise the extensive strategic partnership between the two countries for peace and prosperity in Asia.
Viet nam plus
|Nhat Tan Bridge – A symbol of Vietnam-Japan friendship|
Finishing touches are being applied to Hanoi’s Nhat Tan Bridge, which is Vietnam’s biggest cable suspension bridge and a symbol of the Vietnam-Japan friendship.
|Vietnam attends Asia-Europe Parliamentary Partnership Meeting|
A Vietnamese delegation led by the Chairman of the National Assembly’s Committee for Economic Affairs, Nguyen Van Giau, attended the 8th Asia-Europe Parliamentary Partnership (ASEP-8) Meeting in Rome, Italy, on October 7.
|Forum held to boost Vietnam-Russia business ties|
Hundreds of Vietnamese and Russian businesses flocked to a forum in Hanoi on October 6 to seek information about potential and opportunities in each other’s market.
|President praises partnership with Japan’s Ibaraki prefecture|
President Truong Tan Sang expressed his hope that the affiliation between Japan’s Ibaraki prefecture and Vietnamese partners and localities would become a symbol of local cooperation agreement between the two countries.
|Vietnam – promising market for UK businesses|
Fiona Woolf, Lord Mayor of the City of London, and the UK’s leading businesses will have a working visit from October 5-7 to Vietnam, an important market for British investors.
|Vanuatu PM hopes for closer rapport with Vietnam|
Vanuatu’s Prime Minister Joe Natuman, who is visiting Vietnam for the first time, stated that his country is keen to strengthen cooperation with Vietnam in agriculture, forestry, fishing, mining, trade and tourism.
|Vietnam, Israel exchange scientific experience|
A delegation from the Science Council of Vietnam Central Party agencies embarked on a fact-finding mission to Israel from September 29 to October 2 to exchange experience in scientific research and boost cooperation in the field.
|Can Tho: Aquacultural exports on the rise|
The value of aquacultural exports in the Mekong Delta city of Can Tho is predicted to rise by almost 20 percent this year compared to 2013 due to the sector’s rapid growth.
|Russia keen to reinforce educational ties with Vietnam|
The Russian Ministry of Education and Science wishes to expand its education and training cooperation with Vietnam, Minister Dmitry Livanov said in a meeting with his Vietnamese counterpart Pham Vu Luan in Moscow on October 3.
|Vanuatu PM’s visit to boost cooperation with Vietnam|
Vanuatu Prime Minister Joe Natuman will visit Vietnam on October 5-9 at the invitation of his counterpart Nguyen Tan Dung to boost cooperation between the two countries and discuss regional and global issues of mutual concerns.
|Japanese NGO assists Tien Giang in education development|
An educational development assistance project in Vietnam funded by the Asian Community by the Asians (ACA-AQUA) of Japan proved effective in the Mekong Delta province of Tien Giang over the last ten years, promoting education development in the locality.
|Vietnam, Israel reach high-tech deal|
Vietnam and Israel signed an agreement to boost economic cooperation, particularly on science and technology.
|Vietnam – promising market for UK businesses|
Fiona Woolf, Lord Mayor of the City of London, and the UK’s leading businesses will have a working visit from October 5-7 to Vietnam, an important market for British investors.
|Vietnam, Myanmar cooperate in banking sector|
The Small & Medium Industrial Development Bank of Myanmar (SMIDB) and the Bank for Investment and Development of Vietnam (BIDV) will boost their technical cooperation on banking operations, according to The New Light of Myanmar newspaper published on October 2.
|President meets former revolutionary prisoners|
As many as 400 revolutionary soldiers who once were imprisoned by the enemy during the resistance wars attended a meeting with President Truong Tan Sang in the capital on October 2 on the occasion of the 60th anniversary of Hanoi’s Liberation Day (October 10).
|Party leader affirms strategic cooperative partnership with RoK|
Vietnam regards the development of its strategic cooperative partnership with the Republic of Korea (RoK) as a consistent strategic decision and a long-term priority in its foreign policy.
|ASEAN promotes Socio-Cultural Community formation|
The Ministers to the ASEAN Socio-Cultural Community (ASCC) Council’s 12th meeting at Bagan, Myanmar on September 30 agreed to undertake maximum efforts to shape the ASEAN Socio-Cultural Community by 2015.
|Vietbuild 2014 takes place in Mekong delta Can Tho city|
Vietbuild International Exhibition 2014, themed “Construction- Building materials- Real estate and interior decors” was kicked off on October 1 at the International Exhibition and Fair Center of the Mekong Delta city of Can Tho.
|Vietnamese, Lao policy banks agree to share expertise|
The Vietnam Bank for Social Policies’ Da Nang branch and the Savannakhet branch of the Policy Bank of Laos (NBB) have agreed to share experience and support each other in exchanging professional skills and building cooperation documents.
|Vietnam welcomes RoK investors: Party leader|
The General Secretary of the Communist Party of Vietnam Nguyen Phu Trong affirmed that Vietnam will continue to create favourable conditions for foreign investors, including those from the Republic of Korea (RoK), to run their operations in Vietnam smoothly.
|Chairman of J.P Morgan in Asia visits Vietnam|
Deputy Prime Minister Vu Van Ninh received Nicolas Aguzin, Chairman and Chief Executive Officer for Asia-Pacific business at J.P Morgan Chase and Co., a global banking firm, in Hanoi on September 30.
|Commission urged to look into hot economic issues|
President Truong Tan Sang has asked the Party Central Committee’s Commission for Economic Affairs to continue looking into hot issues of the economy such as public and bad debts, real estate and the efficiency of capital use in order to help the Government make effective monitoring decisions.
|President Truong Tan Sang welcomes Japanese guest|
President Truong Tan Sang on September 30 received Nakagaki Yoshihiko, Vice President of Japan’s International Friendship Exchange Council and Chairman of the Japan-Vietnam Cultural and Economic Exchange Committee.
|Party General Secretary leaves Hanoi for RoK|
Party General Secretary Nguyen Phu Trong on October 1 left Hanoi for a four-day state visit to the Republic of Korea at the invitation of President Park Geun-hye.
|Competitiveness in talent attraction for businesses discussed|
Focus should be on the development and attraction of high-quality human resources as an effort to raise businesses’ competitiveness, heard a workshop in Ho Chi Minh City on September 29.
|Government bonds to be transacted online|
The Internet site for online transactions of Government bonds will be put into use soon, marking a big change on the Vietnamese bond market, the Saigon Times Daily has reported.
|Party leader’s visit to deepen VN-RoK strategic partnership|
Party General Secretary Nguyen Phu Trong’s upcoming state visit to the Republic of Korea (RoK) is to further deepen the two countries’ five-year-old strategic partnership, with a focus on boosting economic collaboration.
|Stronger measures needed to improve investment environment: PM|
Prime Minister Nguyen Tan Dung has asked cabinet members to seek stronger measures to further improve business and investment environment, enhance productivity and speed up economic restructuring.
|Vietnam becomes attractive oil refinery option|
Vietnam remains an attractive destination for oil refineries, with numerous business benefits and investment incentives advantages, experts said.
|Leverage for development of support industries|
The Vietnamese Government has developed a range of policies to support industrial businesses in anticipation of a huge wave of foreign investment. This is considered an important boost for enterprises operating in support industries.
|Vietnam seeks to improve health care for elderly|
Measures for improving health care for Vietnam ’s aged population were the focus of a conference organised by the Ministry of Health and the United Nations Population Fund (UNFPA) in Hanoi on September 26.
|Vietnam hopes for intensified cooperation with Japan|
Vietnam wishes to enhance its collaboration with Japan in a bid to develop the two countries’ strategic partnership in a sustainable and long-term manner, Deputy Prime Minister Nguyen Xuan Phuc told Japanese Ambassador to Vietnam Hiroshi Fukada during a reception in Hanoi on September 26.
|ASIAD 17: More medals secured for Vietnam|
Vietnamese athletes won two bronze medals at the 17th Asian Games (ASIAD 17) in Incheon, the Republic of Korea, on September 26.
|VFF eighth congress seeks stronger innovation|
The eighth Congress of the Vietnam Fatherland Front (VFF) opened in Hanoi on September 26 with the participation of 1,008 delegates representing all walks of life, ethnic groups and religions, as well as members of the armed forces and overseas Vietnamese communities.
|Work starts on 9.4 mln USD habour in Dong Nai|
A ground-breaking ceremony for a 200 billion VND (9.4 million USD) habour has been held in the Go Dau Port area in Long Thanh district, the southern province of Dong Nai.
|Vietnam, Cambodia beef up military ties|
Vietnam and Cambodia have agreed to further strengthen the friendship, solidarity and comprehensive cooperation between the two armies and the two countries in general.
|Vietnam respects freedom of religion and belief|
Vietnam has always pursued a policy of safeguarding citizens’ rights to religion and belief freedom, as stipulated in the country’s Constitution and legal framework, Head of the Government Committee for Religious Affairs Pham Dung affirmed.
|FM Pham Binh Minh meets with Finnish, Tanzanian counterparts|
Foreign Minister Pham Binh Minh held bilateral meetings with his Finnish and Tanzanian counterparts on the sidelines of the 69th Session of the United Nations General Assembly (UNGA 69) in New York on September 24.
|Vietnam, Netherlands need to optimise cooperation potential|
Vietnamese and Dutch businesses should make full use of the cooperation potential between the two countries, especially in the fields of education, agriculture, textiles, energy and ship building, Deputy Prime Minister Hoang Trung Hai said.
|Vietnam CEO Forum refreshes strategy approaches|
The Vietnam CEO Forum 2014 ‘New Game – What Moves’ reinvigorated business strategies and outlined the opportunities and risks of global integration, bringing together chief executive officers, economists and policy-makers to brainstorm ideas.
|Vietnam keen to boost investment in Laos|
The Association of Vietnamese Investors in Laos (AVIL) aims to invest a total of 5.8 billion USD in the country by 2015, said the association at its meeting with Laos-based Vietnamese investors in Vientiane on September 24.
|Vietnam, Belarus hold talks on security cooperation|
Vietnam, Belarus agreed to boost their security cooperation in the future, Vietnamese Public Security Minister Tran Dai Quang and Belarusian Chairman of State Security Committee Valery Vakulchik said during a meeting in Hanoi on September 24.
|HCM City agrees to build Long Thanh international airport|
Ho Chi Minh City’s People’s Committee submitted documents to the Ministry of Transport expressing support of the construction of Long Thanh International Airport in HCM City’s neighbouring province Dong Nai.
|Vietnamese, German localities seek to boost links|
Representatives from the Mekong Delta province of Dong Thap and their partners from Germany have met at a workshop to seek opportunities for cooperation between the two sides.
|Party chief receives Singapore’s Emeritus Senior Minister|
Party General Secretary Nguyen Phu Trong hosted a reception for former Prime Minister and Emeritus Senior Minister of Singapore, Goh Chok Tong, in Hanoi on September 23.
|HCM City announces CPI growth|
Ho Chi Minh City recorded a rise in its Consumption Price Index (CPI) in September 2014, the municipal Statistics Office revealed on September 22.
|Asian News Network aims for common voice of Asia|
The Asia News Network (ANN) is looking forward to developing its image as the common voice of Asia.
|ADB continues to assist Vietnam in development process|
The Asian Development Bank (ADB) will continue to support Vietnam ’s development process through the provision of around 1.3 billion USD in loans each year, ADB President Takehiko Nakao said at a press conference in Hanoi on September 19.
|Deputy PM embarks on visit to the Netherlands|
Vietnam and the Netherlands agreed to cooperate more closely on climate change, water management, agriculture, energy, and marine-based economic activities, including logistics and shipbuilding.
|Vietnam-Malta diplomatic ties marked in HCM City|
The Honourary Consulate General of Malta in Ho Chi Minh City held a ceremony on September 21 to celebrate Malta’s 50th National Day and the 40th anniversary of the two countries’ diplomatic ties.
|Japan trains staff for Ninh Thuan 2 nuclear power project|
Fifteen Vietnamese nuclear experts, who will work on the Ninh Thuan 2 nuclear power plant project, have recently graduated from a two-year training course in Japan.
|PM inaugurates Vietnam’s longest-ever highway|
Prime Minister Nguyen Tan Dung attended a ceremony on September 21 to inaugurate the Noi Bai-Lao Cai Highway, the longest and most modern of its kind in Vietnam.
|Vietnamese, Russian legislatures set for stronger ties|
National Assembly Vice Chairwoman Tong Thi Phong proposed the legislatures of Vietnam and Russia foster ties through exchanging all-level delegations, diversifying bilateral ties, fostering people-to-people diplomacy, and sharing experiences in making law.
|Government will facilitate Yen Bai’s development: PM|
The Government will pay special attention to facilitating the sustainable growth of Yen Bai so that the northern mountainous province can gradually narrow the development gap with other localities nationwide, Prime Minister Nguyen Tan Dung has said.
|ASEAN Health Ministers’ Meeting adopts several joint statements|
The 12th ASEAN Health Ministers’ Meeting wrapped up in Hanoi on September 19, adopting several joint statements of the meeting and its related ones.
|Vietnam, Russia boost investment|
A Vietnam-Russia business forum opened in Moscow on September 16 providing the opportunity for Vietnamese firms to discuss business and investment cooperation with their Russian counterparts.
|Japanese businesses pay attention to Vietnamese market|
Vietnam, Indonesia and India have become increasingly attractive markets for Japanese businesses in the last three years, according to recent survey results.
|Vietnam pledges to reinforce ties with Laos|
Vice Chairwoman of Vietnam’s National Assembly Tong Thi Phong declared that Vietnam has always given top priority to deepening the traditional friendship, special solidarity and comprehensive cooperation with Laos.
|ADB to give 1.37 billion USD for Vietnam in 2014|
The Asian Development Bank (ADB) is expected to provide Vietnam with funding packages worth 1.37 billion USD in 2014 and 1.24 billion USD in 2015 to support its sustainable growth.
|AIPA-35 concludes third working day|
The Committee for Joint Communiqué of the 35th General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA-35) held a discussion on a Joint Communiqué on September 18.
|PM calls for ASEAN’s closer ties to ensure universal health coverage|
Prime Minister Nguyen Tan Dung on September 18 called for closer cooperation among ASEAN member countries as well as between ASEAN and its partners in ensuring universal health coverage, particularly for vulnerable groups and people living in rural, mountainous and hard to reach areas.
|Vietnam and the Republic of Sudan sign Agreement on Maritime Transport|
Vietnam and the Republic of Sudan ratified an agreement on maritime transport on September 17.
Viet nam plus
|Increase in aggregate demand needed for growth|
Signs of economic recovery in Vietnam have become clearer, as industrial production, especially processing and manufacturing, continued to grow, the Nhan Dan (People) online newspaper reported on September 17.
|Norway to provide more ODA for Vietnam|
Norway has pledged to continue to provide Vietnam with official development assistance, especially in the fields of climate change response, forest protection, natural disaster prevention and education-training.
|President Sang welcomes new ambassadors|
State President Truong Tan Sang met with the new ambassadors of the Republic of Sierra Leone, the Republic of Iceland, the Republic of Tunisia, the United Republic of Tanzania, the Republic of Guatemala, the Republic of Gruzia, and the Republic of Mali who presented their credentials in Hanoi on September 17.
|Indian magazine focuses on Vietnam-India ties|
|The Indian Non-Alignment Movement (NAM) Today magazine released a special issue on September 15 highlighting the India-Vietnam ties on the occasion of Indian President Pranab’s strategic visit to Vietnam from September 14-17.|
|Vietnam supports peace, unification on Korean peninsula|
Vietnam consistently backs a Korean peninsula of peace, unification, stability and development, meeting the legitimate aspirations of people on the peninsula.
|President Sang receives Lao Defence Minister|
President Truong Tan Sang hosted a reception in Hanoi on September 16 for Lao Defence Minister Sengnoune Sayalath, who is on his first working visit to Vietnam since taking office earlier this year.
|Vietnam refutes wrongful Human Rights Watch claims|
Vietnam rejects recent wrongful allegations by Human Rights Watch organisation, Deputy Spokesperson of the Foreign Ministry Tran Thi Bich Van told reporters on September 16.
|NA Chairman: Vietnam boosts ties with ASEAN community|
Vietnam continues to deepen its solidarity and cooperation with ASEAN countries in the run up to the establishment of the ASEAN Community in late 2015, National Assembly Chairman Nguyen Sinh Hung said on September 16.
|Vietnam, Kiribati establish diplomatic relations|
Vietnam and the Republic of Kiribati officially established diplomatic relations on September 15 as a move to reinforce and develop their mutually beneficial relations and cooperation.
|Conference highlights role of national unity|
The significance of national unity and upholding its strength were discussed during a conference held in Hanoi on September 15.
|Domestic retailers struggle to compete|
A lack of a master retail plan has caused insecurity and confusion in the local retail sector, leaving many of them losing market share to their foreign rivals, independent market analysts have said.
|Vietnam, India agree to bolster strategic partnership|
President Truong Tan Sang and his Indian counterpart Pranab Mukherjee agreed to intensify the Vietnamese-Indian strategic partnership with a focus on politics, defence, security, economics, science-technology, oil and gas, culture, people-to-people exchanges, and regional and multilateral cooperation.
|Dien Bien seizes macadamia potential|
The northern province of Dien Bien, which has perfect conditions for growing macadamia trees, has invested in cultivating the lucrative crop in a bid to reduce poverty and eradicate hunger in the locality.
|Domestic retailers struggle to compete|
A lack of a master retail plan has caused insecurity and confusion in the local retail sector, leaving many of them losing market share to their foreign rivals, independent market analysts have said.
|Stock market: Analysts warn of correction|
Shares advanced on Friday, September 12, over an increase in the demand for oil and seafood stocks.
|Vietnam is considered a role model in the fight against HIV/AIDS in Southeast Asia , with the lowest rate of HIV infections, a senior official has said. The health sector has reduced the numbers of new HIV infections, HIV-to-AIDS transitions, and AIDS fa|
Vietnam is considered a role model in the fight against HIV/AIDS in Southeast Asia , with the lowest rate of HIV infections, a senior official has said.
|Vietnam to boost exports to Russia|
Economists, managers and businesses proposed a number of practical measures to increase Vietnam’s investment and trade in Russia at a seminar hosted by the Ministry of Industry and Trade in Hanoi on September 12.
|Party leader urges enhancing socialist-oriented market economy|
Perfecting its socialist-oriented market economy institution is crucial for the development of Vietnam , Party General Secretary Nguyen Phu Trong said in a Politburo meeting in Hanoi on September 12.
|Vietnam keen on developing ties with Myanmar: Party chief|
General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong has affirmed Vietnam’s constant policy of attaching much importance to developing and expanding the multi-faceted cooperation with Myanmar.
|Workshop introduces Vietnam’s potential in Belgium|
The authorities of Belgium’s East Flanders province on September 10 held a workshop with a hope of helping Belgian businesses better understanding business opportunities in Vietnam.
|VFF President emphasises mission of listening to public opinions|
Listening to the public is a mission of Fatherland Front chapters at all levels, particularly in the lead-up to the 8th national congress of the Vietnam Fatherland Front (VFF), the VFF Central Committee President Nguyen Thien Nhan said in an interview granted to the press recently.
|Vietnam-Vatican working group concludes fifth meeting|
The Vietnam-Vatican Joint Working Group held its fifth meeting in Hanoi on September 10-11, reaching a consensus that positive progress has been made on the Vietnam-Vatican relations.
|Vietnam-Japan youth exchange comes to a close|
A youth exchange programme between Vietnam and Japan was concluded on September 10 after a number of joint events.
|Indian President’s visit to tighten bilateral ties|
Indian President Pranab Mukherjee will pay a state visit to Vietnam from September 14-17 to further strengthen the country’s traditional cooperation and strategic partnership with Vietnam.
|Deputy PM, FM holds talk with Cuban FM|
Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh and the Cuban Foreign Minister Bruno Rodriguez Parrilla pledged to intensify their efforts to deepen the two countries’ cooperation on bilateral and multilateral issues in Hanoi on September 10.
|Trading value hits five-year high|
Shares nationwide lost ground on September 9, but profit-taking drove up the market's trading value to a five-year high.
|Vietnam - 45 years of President Ho’s Testament|
With absolute faith in the last words of the great late President Ho Chi Minh and a never-ending affection for him, the Vietnamese nation has worked together incessantly to make his sacred testament a reality.
|Vietnam calls on ASEAN for stronger maritime cooperation|
Vietnam highlighted the need for ASEAN to boost collaboration on maritime issues in order to ensure an environment of peace, stability, and maritime security and safety in the region at the fifth ASEAN Maritime Forum (AMF-5).
|PM Dung orders start of construction on new highway|
Prime Minister Nguyen Tan Dung on September 7 attended a ceremony to start construction work on a new highway connecting the northern provinces of Thai Nguyen and Bac Kan, as well as the upgrade and expansion of a section of National Highway 3 in the form of BOT (Build-Operate-Transfer) contract.
|Viet Nam develops ties with Myanmar|
General Secretary of the Communist Party of Viet Nam (CPV) Nguyen Phu Trong said Viet Nam attached great importance to developing and expanding its multi-faceted co-operation with Myanmar.
|Vietnam calls for UNICEF to support policy development|
Vice Chairwoman of the National Assembly (NA) Nguyen Thi Kim Ngan asked the United Nations Children’s Fund (UNICEF) for further assistance in perfecting Vietnam’s legal framework on the protection of children, and in enhancing parliament’s supervision of the implementation of children’s rights.
|Da Nang takes lead in 2013 administrative reform|
Da Nang topped the Provincial Public Administration Reform Index 2013 (PAR INDEX 2013), fulfilling 87.02 percent of the criteria on reform completion, 9.46 percent higher than the national average of 77.56 percent.
|Da Nang takes lead in 2013 administrative reform|
Da Nang topped the Provincial Public Administration Reform Index 2013 (PAR INDEX 2013), fulfilling 87.02 percent of the criteria on reform completion, 9.46 percent higher than the national average of 77.56 percent.
|Deputy PM Minh welcomes Japanese special guest|
Deputy Prime Minister and Foreign Minister Pham Binh Minh received the Special Ambassador between Vietnam and Japan, Sugi Ryotaro, in Hanoi on September 4.
|Dong Nai’s timber exports exceed 600 million USD|
The southern province of Dong Nai generated approximately 602 million USD through exporting wood products during the first eight months of 2014, a year-on-year rise of 8.2 percent.
|Party chief launches new school year in Hanoi|
Party General Secretary Nguyen Phu Trong beat a drum on the occasion of the beginning of the new academic year on September 4 at Hanoi’s Nguyen Gia Thieu high school, which he attended nearly 60 years ago.
|Vietnam, Russia boost oil and gas cooperation|
Russia’s Ministry of Energy is willing to support joint ventures in oil and gas between the country and Vietnam in the spirit of mutual benefit, a Russian official has said.
|Optimism boosts shares nationwide|
Prospects of a growing uptrend attracted more investors into the stock market and helped lift indices on both stock exchanges in Vietnam on September 3.
|President tours Kien Giang’s islands|
President Truong Tan Sang visited Tho Chau Island commune in Phu Quoc district in the southern coastal province of Kien Giang on September 3 to inspect the locality’s socio-economic and security and defence situation.
|Vietnam increases airport capacity|
Vietnam, like other Southeast Asian countries, is expanding its airports and constructing new international hubs to accommodate an increasing number of travellers.
|Vietnam attends eco-building expo in Singapore|
Representatives from nearly ten Vietnamese businesses were amongst the 10,000 participants representing 400 firms from 35 different countries in the 7th Build Eco Xpo (BEX ASIA) taking place in Singapore from September 1-3.
|Ho Chi Minh’s testament – strength of trust|
To the Vietnamese nation, President Ho Chi Minh represents more than a great personality, great thinker and great career. His life marked the glorious era of Ho Chi Minh, which was central to national development. Furthermore, he left behind a historic testament.
|First double-shell petrol tank installed in Hanoi|
The trial installation of a double-shell petrol tank, the first in Vietnam, began in the capital on August 28, paving the way for applying the new technology to filling stations nationwide.
|Vietnam’s National Day marked abroad|
A wide range of activities have been held in foreign counties to mark the 60 th anniversary of Vietnam ’s National Day (September 2).
|International tourism fair to open in HCM City|
The International Travel Expo HCM City 2014 edition (ITE HCMC) will kick off next month at the Sai Gon Exhibition and Convention Centre (SECC) in District 7.
|Prime Minister Dung sets priorities|
Prime Minister Nguyen Tan Dung provided guidance on several key projects and reports at the government’s meeting in Hanoi on August 27-28.
|President welcomes young Japanese lawmakers|
President Truong Tan Sang met with a delegation of young parliamentarians from the Liberal Democratic Party of Japan, acknowledging that their visit will help promote ties between the two countries’ lawmakers.
|FDI inflow shrinks in eight months|
More than 10.23 billion USD of foreign direct investment (FDI) flowed into Vietnam over the first eight months of 2014, falling by 19 percent against last year’s same period, said the General Statistics Office.
|Vietnam exports over 4.4 million tonnes of rice in 8 months|
Vietnam’s rice exports are estimated at more than 4.4 million tonnes in the first eight months of this year, bringing home 2.01 billion USD in revenues.
|Govn’t members urged to push for 5.8 pct growth target|
Cabinet members called for maximum efforts in achieving this year’s economic growth target of 5.8 percent in their August 27-28 meeting in Hanoi.
|CII borrows VND2.6 tril. to build water plant, expand road|
HCMC Infrastructure Investment Joint Stock Company (CII) on August 26 signed two contracts to borrow VND2.65 trillion from the Vietnam Bank for Industry and Trade (VietinBank) to build a water plant in the city and expand a road in Ninh Thuan Province.
|Vietnam’s Jan-Aug inflation hits five-year low|
Consumer prices in Vietnam grew 1.84 percent in the first eight months of this year, the slowest pace since 2009, as demand for goods and services remained weak, an economist said.
|Vietnam, China agree to restore, develop ties|
The Party, State and people of Vietnam have always
attached great importance to pursuing the further consolidation and
boosting of Vietnam and China’s comprehensive strategic partnership,
together with the Party, State and people of China, and to ensuring the
partnership’s sound and long-lasting stable development, reiterated
Politburo member Le Hong Anh, the Special Envoy of the Party General
Secretary Nguyen Phu Trong, in his talks with the General Secretary of
the Chinese Communist Party, State President Xi Jinping, in Beijing on
|Trade surplus hits 1.7 billion USD|
Vietnam has gained a trade surplus of 1.7 billion USD for the first eight months of 2014, figures released from the General Statistics Office (GSO).
|Prime Minister holds talks with EC President|
Prime Minister Nguyen Tan Dung and President of the European Commission (EC) José Manuel Durão Barroso held talks in Hanoi on August 25 as part of the latter’s visit to Vietnam.
|Economists discuss int’l economic cooperation|
More than 150 economists and economic management specialists from various countries, including Japan , Russia , China , German, India and Vietnam , have taken part in a conference on enhanced competitiveness, innovative capacity and international economic cooperation.
|Vietnam to host ASEAN maritime forums|
The 5th ASEAN Maritime Forum (AMF-5) and the 3rd Expanded ASEAN Maritime Forum (EAMF-3) will be held in the central city of Da Nang from August 26-28.
|Meeting marks Independence Days of Vietnam, Uzbekistan|
The Vietnam-Uzbekistan Friendship Association held a get-together on August 24 in Hanoi to mark the Independence Days of Vietnam (September 2) and Uzbekistan (September 1).
|More Japanese firms come knocking|
More Japanese enterprises have come to HCMC this year to sound out business prospects, HCMC vice chairman Hua Ngoc Thuan said.
|President urges firm protection of national independence, territorial integrity|
President Truong Tan Sang has urged the nation as a whole to uphold vigilance and resolve to firmly safeguard the motherland’s independence, freedom, national unification and territorial integrity in any circumstance, on the occasion of the 69th anniversary of the August Revolution and National Day.
|Vietnam condemns inhuman acts against fishermen|
Vietnam strongly condemns inhumane actions against its fishermen operating legally in the country’s waters, said Foreign Ministry’s spokesman Le Hai Binh at a regular press briefing in Hanoi on August 21.
|PM seeks comprehensive review of business sectors|
Prime Minister Nguyen Tan Dung yesterday sought a thorough review of
the list of sectors where business is either banned or regulated, to
create the best possible environment for people and enterprises.
Viet nam plus
|apanese experts advise VN firms to conduct overseas promotions|
Vietnamese companies need to further promote their products, especially online, if they wish to sell in foreign markets, a conference heard in HCM City yesterday.
|Vietnam’s National Day celebrated in Malaysia|
The Vietnamese Embassy in Malaysia on August 19 hosted a reception to mark the 69th anniversary of the August Revolution (August 19) and National Day (September 2).
|Vietnam prioritises stronger cooperation with Cambodia|
Vietnam always gives top priority to fostering and developing the sound neighborly relations, traditional friendship and multi-dimensional cooperation with Cambodia.
|Dutch parliamentarians to visit Vietnam to boost trade cooperation|
A delegation of the Netherlands’ Parliamentary Committee for Foreign Trade and Development Cooperation, headed by Chairman Mr Raymond de Roon, will visit Vietnam on Sunday to seek economic and trade cooperation opportunities.
|Petrolimex cuts petrol price by VND600|
he Viet Nam National Petroleum Group (Petrolimex) yesterday reduced the price of RON 92 gasoline by VND600 (2.8 US cents) to VND24,210 ($1.01) per litre.
|FrieslandCampina Vietnam funds cow bank projec|
FrieslandCampina Vietnam has given 60 cows worth VND600 million to the cow bank project founded by the Vietnam Red Cross Society to help poor farmers nationwide.
|Metro Cash & Carry ownership change unnerves local suppliers|
Berli Jucker Public Company Limited’s (BJC) acquisition of Metro Cash & Carry Vietnam has caused anxiety among Metro’s goods suppliers.
Speaking to the Daily, the director of a fast-moving consumer goods firm, said his firm and many other suppliers of Metro are worried about the new owner of Metro Cash & Carry Vietnam.
Multiple suppliers said they had actually made little profit from supplying goods for Metro as Metro often asked for high discounts.
Goods suppliers first signed contracts with Metro Cash & Carry but for the following contracts, Metro re-negotiated with suppliers on discount rates on an annual basis and discount rates often increased year after year, according to some enterprises.
Thai firm BJC as the new owner of the Metro wholesale center chain spent a hefty 655 million euro taking over this chain.
A couple of suppliers have expressed concern that BJC might choose to bring Thai goods to Vietnam via Metro.
The director of the above fast-moving consumer goods firm said he is waiting for moves by BJC and if BJC actually prioritizes Thai goods, his company would consider switching to a different distribution system.
However, he seems optimistic as he believes that even though BJC puts more Thai products on the shelves of Metro stores, the Vietnamese market would not be flooded by Thai goods.
Other distribution channels of his firm are traditional wet markets and sales agents.
The volume of goods his company provides for Metro accounts for several percents of output and profit is low, but if Metro opened more outlets, the volume would be bigger.
Meanwhile, the director of a company specializing in supplying kitchen utensils believed BIC would prefer distributing Thai goods in Vietnam. If that came true, many suppliers of Metro would suffer.
Nevertheless, he said if Vietnamese consumers still had high demand for local goods, BJC would have no choice but to continue supplying domestic products, instead of selling Thai products only.
According to this director, local products will have to compete with those from Thailand and other ASEAN countries when the ASEAN Economic Community is in place in 2015. Therefore, companies like his have made preparations for a tougher competition.
Currently, prices of Thai products are higher than those of Vietnam’s due to transport costs.
Metro Cash & Carry Vietnam earlier issued a statement saying that all of its operations with 19 distribution centers and properties worth 655 million euros would be taken over by BJC under a deal signed on August 7. The acquisition is expected to be finished in the first half of next year.
BJC is a major distribution, marketing and production firm of Thailand. It has six offices in the Southeast Asian region and earned 42 billion baht in revenue last year, equivalent to 975 million euro.
Tran Thu - http://english.thesaigontimes.vn
|Local gold consumption takes nosedive|
Domestic consumption of gold bars and jewelry in the second quarter of the year plunged to 19.3 tons from the 33.4 tons recorded a year ago, according a report by the World Gold Council.
|Banks forecast improved financial performance|
Nearly 94 percent of Vietnamese bankers expect an improved financial performance, but bad debt levels remain a concern, says a study on the banking sector.
|Vietnam, Czech bolster defence cooperation|
Senior military officers of Vietnam and the Czech Republic had talks in Hanoi on August 15, agreeing to focus collaboration on such areas as personnel training, defence industry, scientific research, military technology, and military equipment maintenance.
|Cambodia’s top legislator to visit Vietnam|
President of the Cambodian National Assembly Heng Samrin will pay an official visit to Vietnam from August 18-20.
|Brazilian Ambassador bids farewell to President Sang|
Brazilian Ambassador Vitoria Alice Cleaver bade farewell to President Truong Tan Sang on August 15 at the end of her tenure in Vietnam.
|Book fair to emphasise reading culture|
A book fair with the theme Hanoi – The City for Peace will be held at the Thang Long-Hanoi Heritage Conservation Centre to raise awareness about the capital's reading culture.
|ASEAN FMs deeply concerned over East Sea tensions|
The 47th ASEAN Foreign Ministers’ Meeting (AMM-47) on August 10 issued a joint communiqué expressing the ministers’ deep concern over recent developments that have escalated tensions in the East Sea (also known as South China Sea ).
|ASEAN FMs deeply concerned over East Sea tensions|
The 47th ASEAN Foreign Ministers’ Meeting (AMM-47) on August 10 issued a joint communiqué expressing the ministers’ deep concern over recent developments that have escalated tensions in the East Sea (also known as South China Sea ).
|Deputy FM: VN actively contributes to ASEAN solidarity|
Vietnam’s delegation to the 47th ASEAN Foreign Ministers’ Meeting and related meetings in Myanmar made active and responsible contributions to enhancing ASEAN’s solidarity and common voice, said Deputy Foreign Minister Pham Quang Vinh.
|President Sang sends sympathy to Iran over plane crash|
President Truong Tan Sang on August 11 sent condolences to his Iranian counterpart Hassan Rouhani over a passenger airplane crash in the country on August 10 that killed many people.
|Viet Nam takes drastic measures to keep out deadly Ebola virus|
Viet Nam is doing all it can to prevent the Ebola virus from entering the country, said deputy minister of health Nguyen Thanh Long at a meeting of the National Steering Committee for Ebola Virus Prevention in Ha Noi yesterday.
|Vietnam wants stronger multi-faceted ties with U.S.|
Top Vietnamese leaders, speaking to U.S. Senators John McCain and Sheldon Whitehouse in Hanoi late last week, underlined the need to foster stronger multi-faceted cooperative ties between the two nations.
|Vietnam aims for 6.5-7% GDP growth in 2016-2020|
Vietnam targets to achieve average annual gross domestic product (GDP) growth of between 6.5% and 7% in 2016-2020, according to the Government’s directive on formulation of the next five-year socioeconomic development plan.
|Government bonds fetch 6 trillion VND|
A total of 6 trillion VND (282 million USD) in Government bonds was mobilised to the State Treasury through a tender organised by the Hanoi Stock Exchange (HNX) on August 7.
|Vietnam, Western Australia tap cooperation potential|
Vietnam and Western Australia have great potential for strengthening bilateral cooperation in economics, trade and investment, Ambassador Luong Thanh Nghi was told in his recent meetings with top officials of the Australian state.
|Sri Lanka – Vietnam trade centre opens in Colombo|
A Sri Lanka - Vietnam trade centre was officially opened in Colombo capital, Sri Lanka, on August 6 to serve as a platform to intensify investment, trade and tourism cooperation between the two countries.
|Vietnam, DPRK FMs hold talks, look to closer ties|
Vietnam and the Democratic People’s Republic of Korea (DPRK) have actively sought ways to develop their ties across trade, culture and sports to a level on par with their potential and conditions.
|VND2 trillion planned for supporting industries fund|
The Government is expected to set aside VND2 trillion for a fund to financially assist individual and corporate producers and suppliers of products and services for supporting industries.
|President Sang meets US senator Bob Corker|
President Truong Tan Sang has told US Senator and ranking member of the US Senate’s Foreign Relations Committee Bob Corker that Vietnam is ready to expand economic and trade ties with the US.
|Vietnam sovereignty exhibition opens in Bac Ninh|
An exhibition of maps and documents affirming Vietnam ’s sovereignty over Hoang Sa (Paracel) and Truong Sa (Spratly) archipelagos is on in the northern province of Bac Ninh, reports Vietnamplus.
|Metro development costs dearly in Vietnam|
Investment costs of metro development projects in Vietnam are higher than in many countries in the world as the nation imports almost everything from cars to locomotives and technologies.
|Japan seen as top strategic partner of Vietnam|
Vietnam considers Japan one of its top strategic partners while Japan wants to boost its strategic partnership with Vietnam, according to Vietnam News Agency.
|Royal documents prove Vietnam’s sea, island sovereignty|
Authorities from the central province of Binh Thuan held a ceremony on August 4 to receive original documents that illuminate the protection of the country’s sovereignty over seas and islands in the past
|ASEAN, EU look towards strategic partnership|
The Association of Southeast Asian Nations (ASEAN) and the European Union (EU) agreed to develop their ties into a strategic partnership at their 20th Ministerial Meeting in Belgium on July 22-23, co-hosted by Vietnam and the EU for the first time.
|Ministry seeks ways to secure new rice export contracts|
The Ministry of Industry and Trade has urged Vietnamese rice exporters to promptly manage the volume of rice exports and stockpile, thus accelerating the signing of new contracts by the year-end.
|HCM City to host support industry mega-expo|
A mega support industry event with three exhibitions is slated to be held in Ho Chi Minh City in October, promising to offer opportunities for local producers to update technologies as well as their management capacities.
|Vietnam-Chile free trade deal makes room for growth|
The Vietnam – Chile free trade agreement, which took effect last January, has opened up chances for their business communities, Chilean Vice Ambassador to Vietnam Alvaro Guzman said at a workshop in the southern province of Dong Nai on August 1.
|Vietnam, Laos, Cambodia sign anti-crime joint statement|
Senior officials of Vietnam, Laos and Cambodia signed a joint statement on anti-crime at their ministerial conference in Vietnam on Tuesday.
|Vietnam navy able to defeat all marine attacks: Admiral|
The Vietnam People’s Navy, whose units are arranged in close and firm formations at sea, on islands and ashore, is strong enough to be a key force in the protection of Vietnam’s territorial waters and capable of defeating all attacks at sea, a naval commander has said.
|Action plan aims to increase transparency in ODA use|
Prime Minister Nguyen Tan Dung has approved an action plan on improving the implementation of projects and programmes using official development assistance (ODA) and preferential loans in the 2014-15 period.
|Firm instructions needed to reach annual growth goal|
This year’s economic growth rate goal of 5.8 percent is unlikely achievable in the absence of firm instructions and high resolution, Prime Minister Nguyen Tan Dung has stated.
|Residents take a stand against waste|
Residents living in Cai Rang District of southern Can Tho Province have had to cope with severe pollution for several months while waiting for city authorities to find a solution to treat the waste.
|Viet Nam, US meet over MIA search|
A delegation of the Steering Committee on the Search and Repatriation of Remains of Fallen Soldiers (Committee 1237) held a working session with the Joint POW/MIA Accounting Command (JPAC) in Washington on July 28, according to the Quan doi Nhan dan (People's Army) newspaper.
|PM meets acclaimed local mathematician|
Prime Minister Nguyen Tan Dung yesterday met Professor Ngo Bao Chau, the first Vietnamese to win the Fields Medal, the highest professional honour a mathematician can attain, and the Education Dialogue Group.
|Consumer confidence up in July|
The ANZ-Roy Morgan Viet Nam Consumer Confidence Index posted another strong gain, increasing by 3.1 points to reach 134.1 in July, to stand well above the 2014 average of 131.
|Entering ASEAN - a decision of historical significance|
Joining the Association of Southeast Asian Nations (ASEAN) is a decision of great historical significance at both national and regional levels, Deputy Foreign Minister Pham Quang Vinh has stated on the occasion of the 19th anniversary of Vietnam’s official membership in the bloc (July 28, 1995-July 28, 2014).
|RoK wishes to further ties with Vietnam: RoK FM|
The Republic of Korea (RoK) wishes to further strengthen its relations with Vietnam on the basis of their strategic cooperation partnership, said RoK Foreign Minister Yun Byung-se during talks with his Vietnamese counterpart Pham Binh Minh.
|VN, Lao border provinces enhance judicial cooperation|
The second judicial conference between border provinces of Vietnam and Laos was held in Vientiane on July 29, in the presence of Vietnamese Justice Minister Ha Hung Cuong and his Lao counterpart Chaluern Ziapaoher.
|Gasoline prices down VND330 per liter|
RON92 and RON95 gasoline prices were revised down by VND330 per liter on July 28 while diesel and kerosene were also reduced by VND350 per liter, said the Vietnam National Petroleum Group (Petrolimex) following a joint statement by the ministries of finance and industry-trade.
|Rice prices surge to one-year highs|
Rice prices in the Mekong Delta have soared to one-year highs after spiking by around VND400 per kilo in recent days.
|Viet Nam, Peru enjoy blooming bilateral ties|
Strong progress has been seen in all fields in Peru-Viet Nam bilateral ties during the past two decades, especially in economics, trade, investment and science and technology, Charge d'affaires ad interim of the Peruvian Embassy in Ha Noi Luis Tsuboyama has stated.
|President Sang: Viet Nam-Japan agreements on track to succeed|
President Truong Tan Sang welcomed Chairman of the Budget Committee of the Lower House of Japan Toshihiro Nikai in Ha Noi yesterday, saying that agreements reached by the two countries' leaders were being carried out smoothly.
|Vietnam’s gas prices fall for first time this year|
The retail prices of gasoline and other products in Vietnam fell by more than one percent Monday following a request from the ministries of Finance, Industry and Trade.
|Customs uses GPS to track goods transport|
All import-export shipments transported by containers are now officially tracked by customs agencies via Global Positioning System (GPS) devices following a decision by the General Department of Customs, effective from this month.
|City’s credit growth better than expected|
The amount of total outstanding loans in HCMC is estimated at VND984 trillion in the first seven months of this year, a rise of 3.35% compared to end-2013, heard a meeting on the city’s socio-economic situation yesterday.
|Many barriers to business remain, says expert|
Many policy drafting agencies tend to resort to the “prohibition” term for the business scopes that are hard to control and this has set up many barriers to the country’s business environment, said the director of the Central Institute for Economic Management.
|Foreign investors vital for economy|
HCM CITY (VNS) — Viet Nam has committed to ensuring a favourable, stable and safe environment for foreign investors as they play a key role in the country's import and export activities, a ministry official has said.
|Vietnam metropolis’ $200mn project on e-textbooks raises feasibility concerns|
A project piloting new teaching methods with e-textbooks in elementary schools in Ho Chi Minh City has raised concerns among educators regarding its feasibility.
|Coffee growers in Vietnam seen reaping bigger crop|
Coffee farmers in Vietnam, the world’s top grower of robusta beans, are forecast to gather a record crop in the 12 months from October 2015 as they improve cultivation methods and replace old trees with new varieties.
|Vietnam shows responsibility, activeness in ASEAN-EU ties|
The successfully-closed 20th ASEAN-EU Ministerial Meeting (AEMM-20) in Brussels on July 24 has confirmed the active and responsible role of Vietnam as a coordinator of the ASEAN-EU dialogue relations when it co-chaired the event for the first time.
|World Bank to grant Vietnam $3.8bn soft loan in next 3 years|
The World Bank (WB) will grant Vietnam a preferential loan of nearly US$4 billion from the WB’s International Development Association (IDA) to support the country’s social and economic development in the next three years, the WB chief said.
|The Vietnamese academic warriors in territorial dispute with China|
Uncharted realms on some old European maps are decorated with mythic beasts. The Latin phrase hic sunt dracones – “here be dragons” – is known to appear only once, scholars say, on an extraordinary globe so old (1510) that it gives no clue to the existence of North America. That globe is now in possession of the New York Public Library.
|WB makes huge loans to fuel Vietnam growth|
The World Bank (WB) has announced preferential loans worth more than US$3.8 billion from the International Development Association (IDA) for Vietnam within the next three years.
|Vietnam, Turkey enhance broadcasting cooperation|
Vietnamese Ambassador to Turkey Nguyen The Cuong on July 16 had a working session with Ibrahim Sahin, Director General of the Turkish Radio and Television Corporation (TRT), aiming to map out directions for the cooperation between the two countries’ broadcasting agencies in the time to come.
|Made-in-Vietnam goods gain in popularity|
Over 80 percent of stockpiles in Hanoi
supermarkets and wholesale hubs are made at home, with various and
high-quality brands gaining in popularity.
|Vietnam vows to optimise use of World Bank loans|
Prime Minister Nguyen Tan Dung thanked the World Bank (WB) for its effective assistance to the development of Vietnam over the past years during his meeting with WB President Jim Yong Kim in Hanoi on July 17.
|Vietnam hopes for more WB support in reform process|
Party General Secretary Nguyen Phu Trong has proposed that the World Bank continue sharing international experience in reform, economic management, poverty reduction and socio-economic development that is applicable to Vietnam .
|By Ngan Anh, Thanh Nien News|
Vietnam has trouble escaping dependence on China through FTAs
|Commercial banks in good shape|
The Vietnamese monetary market and bank operations have been stable over the last two months, since the day China illegally deployed its oil rig in Vietnam’s waters, the English language news website VietNamNet Bridge reported.
|PM urges speeding up of new rural area building|
Prime Minister Nguyen Tan Dung has issued an instruction requiring the heads of Party committees and administrations at all levels to personally direct the implementation of the national target programme on new-style rural area building.
|Typhoon forecast to hit northeastern Vietnam on July 19|
Torm Rammasun, the second to appear in the East Sea this year, is predicted to hit northeastern coastal Quang Ninh province and Hai Phong city at noon on July 19, said Hoang Duc Cuong, Director of the Central Hydro-meteorological Forecasting Centre.
|US welcomes China’s oil rig removal|
The US Department of State has praised China's removal of its oil rig Haiyang Shiyou-981 from Vietnam’s waters in the East Sea.
|Chinese oil rig finishes exploration in waters off Vietnam|
Chinese coastguard ships give chase to Vietnamese coastguard vessels (not pictured) after they came within 10 nautical miles of the Haiyang Shiyou 981, known in Vietnam as HD-981, oil rig in the East Sea, July 15, 2014. Photo credit: Reuters Chinese coastguard ships give chase to Vietnamese coastguard vessels (not pictured) after they came within 10 nautical miles of the Haiyang Shiyou 981, known in Vietnam as HD-981, oil rig in the East Sea,
|JBIC Governor speaks highly of investment climate in Vietnam|
Governor of the Japan Bank for International Cooperation (JBIC) Hiroshi Watanabe has said Japan will continue its official development assistance (ODA) for Vietnam.
|Leaders say farewell to envoys|
Outgoing Dutch Ambassador Joop Scheffers said yesterday that the Netherlands and Viet Nam would come even closer in the future after rapid progress in ties during the past five years.
|US may slash anti-dumping tax for Vietnamese pangasius|
The U.S. Department of Commerce (DOC) has planned to reduce its anti-dumping tax for more Vietnamese pangasius exporters after the most recent administrative review on anti-dumping tax rates for imported goods, according to a state agency under the Vietnamese Ministry of Industry and Trade.
|Little progress made in US-China dialogue|
|Chinese Premier Li Keqiang (R) speaks to U.S. Treasury Secretary Jack Lew next to U.S. Secretary of State John Kerry (C) during a meeting at the Zhongnanhai leadership compound in Beijing July 10, 2014.|
|President Office announces newly-approved laws, resolution|
The State President’s Office on July 10 held a press conference to announce new laws and a resolution that were approved during the seventh session of the 13th National Assembly in late June.
|PM: Vietnam determined to firmly safeguard sovereignty|
Vietnam is determined to firmly safeguard the sacred national sovereignty and will not accept or yield to any imposition, threat and dependence, Prime Minister Nguyen Tan Dung told voters on July 2.
|Vietnam always respects citizens’ basic rights: Spokesman|
Foreign Ministry Spokesman Le Hai Binh has affirmed that Vietnam ’s consistent policy is to respect the basic rights of its citizens.
|President says farewell to Dutch Ambassador|
Outgoing Dutch Ambassador Joop Scheffers said he believes that the Netherlands and Vietnam will have closer cooperation in the future after enjoying rapid progress in their ties over the past five years.
|Global media outlets visit Vietnam to help promote tourism|
Representatives of global media organizations this Wednesday will take part in an international press conference in Hanoi, and then join field trips to help promote Vietnam’s tourism under a program initiated by local authorities.
|Vietnam expects US$500 million trade surplus this year|
Vietnam is looking to obtain a trade surplus of US$500 million this year, so a host of measures have been applied to boost exports to realize this goal, according to the Ministry of Industry and Trade.
|Petrol price up VND410 per liter|
The price of RON 92 petrol rose VND410 to VND25,640 per liter last night while diesel, kerosene and heavy fuel oil marked up VND290 per liter, VND410 per liter and VND130 per kilogram respectively.
|WB aids Vietnam power sector reforms|
HCMC - The World Bank (WB) has approved a US$200 million loan and a US$70 million credit for Vietnam to support power sector reforms, climate resilience, and lower carbon intensity development.
|Vietnam Consumer Confidence Index to be launched next week|
HCMC - ANZ Vietnam Bank and Roy Morgan Research will launch the Vietnam Consumer Confidence Index (Vietnam CCI), a key indicator reflecting the health of an economy, this month.
|City boosts exports despite China trade difficulties|
Despite the continuing economic turmoil, HCM City achieved significant growth in exports in the first half and targets more growth in the second.
|Short-term difficulties promise chance to Vietnam’s growth: officials|
A delegation of the Australian Government on July 1 had a working session with officials of the Party Central Committee’s Commission for Economic Affairs in Hanoi, agreeing that short-term difficulties caused by the East Sea tension also offer a new opportunity for Vietnam to have a sustainable and independent economy.
|Vietnam premier urges ASEAN to unite against China’s law violation|
Nations having sovereignty in the East Vietnam Sea and members of the Association of Southeast Asian Nations (ASEAN) should unite in fighting against China’s violation of international law and other countries’ territorial integrity, Vietnamese Prime Minister Nguyen Tan Dung said on Wednesday.
|Vietnam Electricity says completely divested from realty sector|
Vietnam Electricity, commonly known as EVN, has completely divested from its real estate business, which is considered a non-core sector and has been making losses, the state-run company said in a report on Wednesday.
|Vietnam preparing documents to sue China: premier|
The Vietnamese government and competent agencies are preparing documents to sue China for its violation of Vietnam’s territorial sovereignty, Prime Minister Nguyen Tan Dung said on Wednesday.
|Philippines joins protest against Chinese aggression|
HA NOI (VNS) — The recent agressive and inhumane acts of China in violation of international law are worsening the East Sea situation, said Filipino Secretary of Foreign Affairs Albert F. Del Rosario yesterday in Ha Noi.
|ietnamese economy on the mend: GSO chief|
Facing many difficulties, Vietnam still saw signs of economic recovery with a GDP growth in the first half of this year reaching 5.18 percent, said Nguyen Bich Lam, Director-General of the Vietnam General Statistics Office (GSO).
|Vietnam house closes by condemning China’s actions|
The National Assembly, Vietnam’s parliament, issued a statement to protest China’s illegal deployment of a mobile oil rig into Vietnamese waters before wrapping up its one-month session on Tuesday.
|Vietnam – Cambodia bridge to open to traffic late July|
Final touches have been put on the Tan Nam – Mon Chay bridge, connecting the southwestern province of Tay Ninh and neighbouring Cambodian province of Prey Veng, which is expected to be open to traffic later this month.
|“Vietnamese Culture Days” in Russia a success|
The “Vietnamese Cultural Days” in Russia has successfully concluded after an impressive performance in Yaroslav city – its third destination after Moscow and St. Petersburg.
|USD loans surge 10 percent in first half of 2014|
Credit growth in foreign currencies increased by 10 percent in the first half of this year stirring both confidence and doubts about the foreign liquidity of the banking system.
|Standard & Poor's rates Vietnam for stability|
Vietnam's improving external liquidity and moderate foreign debt position supports its creditworthiness
|Viet Nam-UK ties make great strides|
President Truong Tan Sang meets with outgoing British Ambassador to Viet Nam Antony Stokes in Ha Noi yesterday.
|Officials meet with UNESCO leader|
Chairman of the National Assembly Nguyen Sinh Hung (centre) meets representatives from the WFUCA and VFUA in Ha Noi. — VNA/VNS Photo Nhan Sang
|City’s supporting industries underdeveloped|
Though supporting industries are crucial for economic development, HCMC has yet to find effective measures to attract investments in them.
|Is Vietnam open for business?|
Editor’s Note: Stivi Cooke is an Australian expat living and working in Hoi An Ancient Town in central Vietnam. The opinions expressed here do not necessarily reflect Tuoitrenews’ stance.
|EU pledges €542mn in ODA for Vietnam despite sea tension|
The European Union will continue granting official development aid (ODA) to Vietnam, with €542 million to be disbursed this year despite current tensions in the East Vietnam Sea and the global economic crisis, an EU official said on Wednesday.
|Vietnam to license numerous billion-dollar FDI projects by year-end|
Dozens of foreign direct investment projects to Vietnam that are worth billions of U.S. dollars are under negotiation and are likely to be licensed before year-end, an official said Friday.
|President briefs HCM City voters on NA proceedings|
President Truong Tan Sang (right) meets representatives from the HCM City Fatherland Front Committee
|Vietnam, Japan hold second meeting on ODA scandal|
Senior officials from Vietnam and Japan met in Hanoi Tuesday, to discuss measures to prevent corruption in ODA-funded projects.
|Singaporean PM underlines int’l law in dealing with East Sea issue|
Singaporean Prime Minister Lee Hsien Loong has emphasized the importance of international law in dealing with disputes, including those on the East Sea.
|NA Chairwoman to visit Argentina, Chile: FM|
National Assembly Vice Chairwoman Nguyen Thi Kim Ngan will pay working visits to Argentina from June 30-July 2 and to Chile from July 3-5, Spokesman of the Foreign Ministry Le Hai Binh announced at a regular press conference on June 26.
|Vietnam vows to enhance economic ties with Francophone states|
Vietnam has pledged to strengthen its economic bonds with member nations of the Francophone community and facilitate links between their businesses and banks.
|Vietnam keen on enhancing agriculture ties with Japan|
President Truong Tan Sang stressed the great potential for agricultural cooperation between Vietnam and Japan during a meeting with Japanese Minister of Agriculture, Forestry and Fisheries Hayashi Yoshimasa on June 25 in Ho Chi Minh City.
|Vietnam treasures support of German friends|
Minister of Industry and Trade Vu Huy Hoang has thanked the Germany-Vietnam Friendship Association as well as all German friends for their support over the past years, especially in protesting against China’s illegal act in the East Sea.
|Lao Party officials visit Vietnam|
Hoang Binh Quan, head of the Party Central Committee’s Commission for External Relations, hosted a reception in Hanoi on June 25 for a delegation from the Lao Party Central Committee’s Commission for External Relations.
|Vietnam Day held in Nagasaki, Japan|
A “Vietnam Day” was organised for the first time in Japan’s Nagasaki prefecture on June 25, with the aim to further the Vietnam-Japan strategic partnership in the fields of trade, investment and culture.
|Vietnam raises fuel prices for fourth time this year|
Petrolimex, the country’s biggest importer and trader of oil products, raised its pump prices for gasoline by 1.3 percent on Monday, the fourth hike this year.
|Business confidence still fragile|
The business confidence in this year’s first half has improved a little compared to the end of 2013, but the business outlook this year still looks fragile, according to a survey conducted by the Vietnam Chamber of Commerce and Industry (VCCI).
|Vietnam, Italy aim for 5 billion USD in trade by 2016|
Vietnam and Italy have agreed to work harder to lift two-way trade to 5 billion USD by 2016 from the current figure of 3.5 billion USD.
|National CPI sees slight rise in June|
Vietnam’s consumer price index (CPI) in June increased by 0.3 percent from the previous month, driving the total in the first half of 2014 up 1.38 percent.
|Vietnam PM demands rig withdrawal in meeting with top Chinese diplomat|
Vietnam demands that China withdraw its oil rig and guarding ships from Vietnamese waters and join talks to settle disputes between the two countries by peaceful measures based on international law, Vietnamese Prime Minister Nguyen Tan Dung said on Wednesday.
|HCM City grants licences to five FDI projects|
Ho Chi Minh City has granted investment licences to five foreign direct investment (FDI) projects with a total capital of 220 million USD.
|Singapore businessman sees opportunities in Viet Nam|
Merchandise Director of Giant Singapore Jeffrey Yu has said there are plenty of opportunities to do business in Viet Nam, adding that his company would import more products from the country, especially lichees.
|Singapore businessman sees opportunities in Vietnam|
“There are a lot of opportunities to do business in Vietnam,” said Jeffrey Yu, Merchandise Director of Giant Singapore, adding that his company will import more products from Vietnam, especially litchi.
At the inauguration of the Vietnam Food Fair to be held from June 20-26 for the first time in all 66 stores of Giant supermarket chain, Director Yu told Vietnam News Agency’s Singapore-based reporter that the fair showcased distinctive Vietnamese products, including fresh fruits and vegetables as well as grocery imports such as “pho” noodles, rice papers and chili sauces, all preferred by home chefs.
The Giant Singapore Director said one of the best items (from Vietnam) is sweet potato, which is well sold in Singapore.
He added, “We do not want to just start and stop from here. We want to continue our partnership with Vietnamese partners to grow this business.”
Joe Tan, General Manager of Ban Choon Marketing Pte Ltd, said: “For this fair, we have brought in 40 containers of fruits and vegetables from Vietnam like pumpkin and sweet potato from Da Lat, and pomelo, lime and dragon fruit from the Mekong region.”
According to him, the fair is a success because customers love fruits and vegetables from Vietnam.
The Ban Choon Marketing Pte Ltd executive said the event will enhance Singapore’s limited selection of Vietnamese products with an extensive array of fruits, vegetables, dried foods, sauces and beverages; bring new flavours and greater variety to consumers as well as reinforce Singapore’s reputation as Asia’s culinary melting pot.
He said in the future, the company will bring in more Vietnamese fruit products such as cashew nut, coffee, chili sauce and tea and a wider range of Vietnamese vegetables into Singapore.
According to Nguyen Viet Chi, Vietnamese Commercial Counsellor in Singapore, rice, cashew nut, sea food, fruit and vegetables are of Vietnam’s potential export items and of Singapore’s need. In the first five months of this year, two-way trade value between Vietnam and Singapore reached 8.2 billion SGD with imports from Vietnam accounting for 1.53 billion SGD, representing year-on-year increases of 22 percent and 23 percent, respectively.
Việt Nam Plus
|HCM City drives transport infrastructure improvement|
Ho Chi Minh City’s Department of Transport has approved a 333 billion VND (approx 15.6 million USD) project to upgrade and broaden Tran Nao street in District 2.
|National sovereignty sacred and inviolable: President Sang|
China’s illegal placement of its oil rig Haiyang Shiyou – 981 deep into Vietnam’s continental shelf and exclusive economic zone has raised indignation among domestic and international opinion, including many National Assembly deputies of Vietnam. State President Truong Tan Sang has granted an interview to the Vietnam News Agency on this issue.
|Vietnam maintains pressure on China to remove illegal rig|
A large number of Chinese coast guard and patrol ships and tugboats defending the rig kept on following and blocking Vietnamese ships, driving them away
|Vietnam devalues dong first time in a year to spur exports|
Vietnam’s central bank devalued the dong for the first time in a year to help spur exports and vowed to ensure the stability of the currency as tension rises over a Chinese oil rig in disputed waters.
|Vietnam becomes more attractive to foreign investors|
Potential emerging markets like Vietnam have become more attractive to foreign investors, especially at a time when a financial bubble in many of the world’s developed economies is likely to occur.
|NA deputies still want more from Enterprise Law|
Most National Assembly (NA) deputies on June 17 applauded draft amendments to the Enterprise Law but suggested that some issues should be clarified to better business operations in the country.
|Raising retirement age not the only choice|
Pham Thi Hai Chuyen, Minister of Labor, War Invalids and Social Affairs, said that aside from raising the retirement age, there have been many solutions proposed to maintain the balance of revenues and expenses of the social insurance fund. The Saigon Tines Daily had a talk with the minister over the issues on the sidelines of National Assembly (NA) discussion session on Monday. Excerpts:
|Dutch PM shares deep concerns over East Sea tensions|
Prime Minister of the Netherlands Mark Rutte (R) talks to Vietnamese PM Nguyen Tan Dung at the Presidential Palace in Hanoi on June 16
|Vietnam's housing loan package being disbursed at a trickle|
Over 7 percent of a VND30-trillion (US$1.4 billion) loan package designed to help low-income earners buy homes has been disbursed since it was introduced a year ago, a rate that's been decried as “too slow."
|Employers want low minimum wage increase in Vietnam|
Vietnam's garment industry is expected to affected the most by minimum wage increase.
|Viet Nam, Laos boost co-operation|
Viet Nam and Laos will continue to promote bilateral in trade, education and human resources development throughout the rest of the year.
|PM instructs composition of 2015 socio-economic plan|
Prime Minister Nguyen Tan Dung has figured out major orientations for authorities to design a national socio-economic development plan for 2015, the Government news portal reported.
|Vietnam, Russia sign oil, gas exploration deal|
Vietnam and Russia have signed a Memorandum of Understanding (MoU) on the possibility of cooperating in a joint seismic research at Lots 125 and 126 in the Phu Khanh basin in Vietnam’s continental shelf.
|Vietnam rejects China’s East Sea wrongful allegations|
The Ministry of Foreign Affairs held an international press conference in Hanoi on June 16 to clarify China’s wrongful, groundless allegations of the current situation in the East Sea made on June 13 and provide fresh developments there.
|China maintains robust, consistent military presence near Haiyang Shiyou-981|
Vietnam fisheries surveillance vessels June 15 continued activities to oppose China and request it to withdraw the oil rig Haiyang Shiyou-981 from Vietnam’s waters.
|Economic outlook still ‘modest,' says Maersk report|
"Viet Nam has been benefitting from a growing influx of young workers which has provided the country with a competitive advantage in labour costs."
|Vietnam’s Prime Minister Nguyen Tan Dung on Thursday gave his remarks at the 23rd World Economic Forum on East Asia held in Manila, the Philippines.|
He warned that instability or conflict in the East Vietnam Sea will have unforeseeable impacts on regional and world economies, and may even reverse the trend of global economic recovery.
|Dutch PM’s visit to Vietnam to enhance bilateral ties|
Dutch Prime Minister Mark Rutte will pay an official visit to Vietnam from June 16-17, aiming to enhance bilateral ties in the fields where the Netherlands holds advantages, including climate change adaptation, agriculture, maritime economy, energy and logistics.
|Vietnam less optimistic than outsiders about economic outlook: HSBC chief|
International analysts are more optimistic about a Vietnamese recovery than their local counterparts, the HSBC chief said at a conference held November 18 by the central bank to discuss economic solutions.
|Petrolimex revenues drop but profits rise 50%|
Even though revenue in the first nine months of this year dropped slightly by 3 percent compared to the previous year, Vietnam’s largest fuel wholesaler Petrolimex still enjoys a profit surge.
|Vietnam lays down harsh advertising rules|
A new regulation will impose fines of up to VND100 million (US$4,742) for any television or radio advertisement deemed inappropriate.
|Consumer goods producers expect slight rise in Tet|
HCMC – Major consumer goods producers have started delivering products made for the Lunar New Year to distributors though the biggest shopping-spree holiday is still two months and a half away. Most of them expect a slight rise of some 10% in sales at the traditional New Year known as Tet.
|Vietnam tightens control of overseas employment|
Workers wait to take a flight to work abroad at Ho Chi Minh City's Tan Son Nhat Airport. Photo by Dao Ngoc Thach
|Most fake products in Vietnam are made in China|
Fake products continue to flood Vietnamese markets and most of them are made in China and illicitly brought to Vietnam.
|Philippine super typhoon kills at least 10,000, official says|
One of the most powerful storms ever recorded killed at least 10,000 people in the central Philippines province of Leyte, a senior police official said on Sunday, with coastal towns and the regional capital devastated by huge waves.
|Hanoi determined to climb up PCI rankings|
The Hanoi People’s Committee and the Vietnam Chamber of Commerce and Industry (VCCI) on November 7 signed a cooperation agreement to raise the city’s provincial competitiveness index (PCI) rankings.
|Legislative changes negatively impact businesses|
Half of European enterprises in a survey say that legislative changes during 2013 have negatively impacted their business operations and this trend is expect to continue next year.
|Enterprises say exhausted by tax, customs harassment|
A dialogue between the Ministry of Finance’s leaders and the business community in HCMC on Tuesday revealed how the poor knowledge of regulations on the part of local tax and customs agencies is torturing enterprises.
|Da Nang city tops 2012 Justice Index|
The central city of Da Nang topped the 2012 Justice Index but it still needs to do more to make sure its legal and judicial system works more efficiently.
|Vietnam's bad debts rise to 4.64 pct of loans at end-Aug|
Bad debts in Vietnamese banks accounted for 4.64 percent of total loans at the end of August, up from 4.58 percent the previous month, the central bank said on Monday.
|Submarine cable to bring power to light up Phu Quoc Island|
Locals in the Mekong Delta province of Kien Giang’s Phu Quoc District usually describe their island as “having everything but electricity,” but this joke will no longer be told as an undersea power cable system is scheduled to begin installation at the end of November.
|Vinashin gets new name as Vietnam restructures state companies|
A 2012 file photo shows workers build a ship at a Vinashin shipyard in the central province of Quang Ngai.
|Vietnam expected to rake in $25 bln by year-end|
The disbursement of foreign direct investment (FDI) and official development assistance (ODA) capitals, plus overseas remittances, is forecast to surge to $25 billion by the end of 2013, according to the national financial watchdog.
|Vietnam October exports surpasses US$100 bln|
Vietnam posted an impressive US$101.93 billion worth of export turnovers in the year to the middle of October, up 15.7% compared to the same period last year, according to statistics issued by Vietnam Customs.
|Vietnam dong the third best performing currency in Asia|
Citing figures from Bloomberg, the CEO of HSBC Vietnam Sumit Dutta said that Vietnam dong was the third among Asian currencies in terms of stability against the U.S. dollar since early this year to August.
|Vietnam ranked 99th in WB business climate report|
Despite several reforms, Vietnam has failed to get a higher rank in a World Bank’s annual report that documented business regulatory reforms worldwide last year.
|Stable exchange rate a success of monetary policy|
The State Bank of Vietnam (SBV) has achieved an important target of maintaining a stable foreign exchange over the past two year while expanding the foreign currency reserves by more than two times compared to the end of 2011.
|ADB funds infrastructure projects in Vietnam|
The State Bank of Vietnam and the Asian Development Bank (ADB) on October 16 inked loan and non-refundable contracts valuing at 624 million USD for two infrastructure projects in the Mekong Delta and Central Highlands regions.
|Saigon 2 Bridge opened to traffic|
Saigon 2 Bridge, the key bridge at the city’s northeastern entrance to the Southeast, the Central and the North, was opened to traffic on Tuesday after 18 months of construction.
|Vietnam says it won’t weaken dong more than 3 pct in 2013|
Vietnam’s central bank said today it won’t devalue the dong by more than 3 percent in 2013, as it seeks to prevent the hoarding of dollars and keep the money market stable.
|Vietnam slashes purchase of public cars, overseas business trips|
The Ministry of Finance has ordered authorities nationwide not to buy any more cars with public funds and not to pay for any more overseas trips in order to help cut public spending.
|APEC summit opens in Indonesia|
The 21st Asia-Pacific Economic Cooperation (APEC) summit opened on the Indonesian resort island of Bali on October 7.
|Cash crunch weighs down on Vietnam’s plan to improve average height|
The social affairs ministry has put off a US$10 billion program to increase the population’s average height by providing free milk to school children at least until next year, citing the government's cut in public spending.
|Thousands pay respects to Vietnam's revered General Giap|
Thousands of mourners gathered outside the Hanoi house of Vietnam's revered General Vo Nguyen Giap on Sunday to pay their last respects to the extremely popular independence hero following his death.
|Vietnam workers indifferent to minimum wage hike, employers fret|
In the cramped kitchen of her tiny rented house, Nguyen Thu Ha, 32, a worker at Canon Vietnam, fumbles as she looks for a place to put a honeycomb-coal stove to replace her gas one.
|VAMC sees bad debt purchase off to a good start|
Executives of VAMC and Agribank show joy after signing a frame agreement on VAMC’s buying bad debts from the lender - Photo: Courtesy of Agribank
|Vietnam calls help for storm victims|
Chairman of Vietnamese Fatherland Front Nguyen Thien Nhan has urged all Vietnamese people from all walk of life both within and outside Vietnam to help victims of tropical storm Wutip.
|World population to shoot up to 9.7 billion in 2050: study|
The world's population will rise to 9.7 billion in 2050 from the current level of 7.1 billion and India will overtake China as the world's most populous nation, a French study said Wednesday.
|Typhoon Wutip kills 3, injures 26 in central Vietnam|
Typhoon Wutip struck five central provinces yesterday afternoon, lasting for 4 and a half hours. The disaster killed three people, injured 26 others, damaged 5,500 houses, broke the 500 kV transmission line, ruined thousands of hectares of crops, and postponed eight scheduled flights, causing over 1,000 passengers to be delayed, local authorities reported.
|Vietnam prime minister opens door to foreign investors|
Nguyen Tan Dung, Vietnam's prime minister, right, speaks with Albert "Al" Hunt, columnist with Bloomberg View, during an interview in New York on Sept. 27, 2013.
|Typhoon Wutip causes damage to central provinces|
Typhoon Wutip hit the region between Ha Tinh and Quang Tri provinces at about 5 pm today, bringing torrential rains and violent winds to the region, knocking down houses, uprooting trees, causing power outage and blocking roads. Thousands of households had been evacuated.
|Local economy stuck at bottleneck, say experts|
HUE – Many economists and National Assembly (NA) deputies on Thursday expressed concerns that Vietnam is the only economy in the world still stuck at a bottleneck, saying that new macro uncertainties may occur while the nation has yet to break through the sluggish situation that has lingered over the past six years.
|Vietnam third-quarter GDP growth accelerates as exports hold up|
Vietnam’s economic growth quickened this quarter as rising foreign investment helped support manufacturing and exports, countering weak lending from a banking industry burdened by bad debt.
|Central Vietnam braces for storm Wutip|
The tropical storm Wutip was located in the west of Hoang Sa archipelago in the East Sea at 4am on Sept. 29, packing winds of 133kph, according to the National Hydro-Meteorological Forecasting Center.
|Has Vietnam squandered its demographic advantage?|
Vietnam’s population is aging rapidly and it has failed to effectively utilize its so-called “golden population” structure when a majority of the population is in the economically productive age, experts said at a conference to review implementation of the Population Ordinance on September 23.
|Party chief vows to do best against corruption|
The Party and State will do everything possible to prevent and fight corruption, stated Party General Secretary Nguyen Phu Trong at his meeting with voters in Ba Dinh district, Hanoi, on September 27.
|Vietnam still in difficulty despite macroeconomic improvements|
Macroeconomic indicators in the year through September have changed for the better but whether the economy has improved remains questionable, according to the Ministry of Planning and Investment.
|Vietnam Sept CPI seen up 0.97 pct month on month|
Vietnam's consumer price index in September is estimated to have risen 0.97 percent from August, the highest month-on-month increase in seven months, a newspaper reported on Monday, citing government data.
|€850 million pledged for metro line No.5 in HCMC|
Most of the €857 million in capital needed for the first phase of the No.5 metro line in Ho Chi Minh City will be provided by the Asia Development Bank (ADB), the European Investment Bank (EIB) and the Spanish Government.
|Vietnam, Singapore enter strategic partnership|
Singapore’s Prime Minister Lee Hsien Loong (L) reviews the guard of honor with his Vietnamese counterpart Nguyen Tan Dung during a welcoming ceremony at the Presidential Palace in Hanoi on Wednesday. Lee is in Hanoi for a three-day visit to Vietnam from September 11 to 13
|Tony Blair clinches deal to be adviser for Vietnam government|
Tony Blair, former British Prime Minister, has struck a deal to become the adviser for the government of Vietnam.
|Vietnam central bank says $4 bln worth bad debts cleaned up|
The banking sector has cleaned up VND85 trillion (US$4.02 billion) worth bad debts since the end of last year, bringing the ratio down to 4.68 percent as of June, the State Bank of Vietnam governor Nguyen Van Binh said.
|Vietnam’s gasoline price cheaper than 109 countries: Assoc|
The average retail gasoline price in Vietnam in August was at $1.18 per liter, cheaper than 109 countries worldwide, including many regional countries, according to the Vietnam Petroleum Association (VINPA).
|Vietnam pleges continued efforts to improve investment evironment|
Vietnamese Prime Minister Nguyen Tan Dung speaks at the opening ceremony of the 10th ASEAN-China Expo and the 2013 ASEAN-China Business and Investment Summit in China on September 3
|Vietnam metro probes state-owned firms for overpaying execs|
Ho Chi Minh City’s labor department plans to reduce the “extremely high” salaries that many executives from three state-owned companies received last year, an official has said.
|Banks face difficulties over property-mortgaged debts|
Some banks say they want to handle bad debts but face many difficulties as most of collateral is property while the real estate market is frozen.
|Vietnam gasoline price falls at least VND300 per liter|
Vietnam cut gasoline prices by at least VND300 per liter on Thursday evening, the first slash this month.
|Vietnam pays $2.81 billion of foreign loans and aid|
According to the General Statistics Office of Vietnam, by July 15, 2013, Vietnam paid foreign debts and aid worth VND56.2 trillion ($2.81 billion), equivalent to 53.5 percent of the yearly estimate.
|Vietnam to establish Phu Quoc economic zone|
Preparations to establish an official "economic zone" on tourism-haven Phu Quoc Island on the lines of Hong Kong were discussed at an August 13 meeting of the Communist Party's Economic Commission and Mekong Delta provincial authorities.
|Smart-phones are changing consumer behavior: Google|
Smart phones are inducing drastic changes in the consumer behavior and thus enterprises need to make changes as well to better approach their customers, Google experts told a press conference in HCMC on Tuesday.
|Deputy PM: Power sector must restructure|
Deputy Prime Minister Hoang Trung Hai has made it clear that the restructuring of the power sector is now a must to improve its competitive edge and performance.
|Vietnam to build $500 mln nuclear center in late 2015|
|Vietnam will start the construction of a nuclear technology center, possibly in the Central Highlands, which will cost half a billion dollars in two years, an atomic energy official told Tuoi Tre on Thursday.|
|IFC pledges to support Vietnam’s economic growth|
A leading official from the International Finance Corporation (IFC) of the World Bank Group has affirmed that the IFC has confidence in Vietnam ’s long-term economic prospects and commits to supporting its growth during difficult periods.
|Auto industry faces terminal decline with ASEAN tariff elimination|
Workers on a car production line at a Ford Vietnam Assembly Plant in Hai Duong Province
|4,000 take part in fire drill at HCMC high-rise|
More than 4,000 people took part in a national-scale firefighting exercise at Diamond Plaza, a high-rise office building in Ho Chi Minh City, on Wednesday, the largest-ever such drill in the country.
|Eurozone industrial output rebounds sharply|
A sharp rebound in eurozone industrial output for June is another pointer that the single currency bloc is finally edging out of a record 18-month recession, official data showed on Tuesday.
|City issues municipal bonds next week|
HCMC will issue municipal bonds in the first phase on August 21 with a total value of VND1.5 trillion with an aim to mobilize capital for socioeconomic development including traffic infrastructure in the city.
|Bank restructuring takes center stage at M&A forum|
The restructuring of credit institutions and the search for strategic partners of local lenders are expected to generate a big wave of mergers and acquisitions (M&A) in the coming time.
|High GDP growth easy, but not sustainability: economist|
With gross domestic product estimated at US$322 billion in terms of purchasing power parity (PPP), the Vietnamese economy ranks 42nd in the world and sixth in Southeast Asia behind Indonesia, Thailand, Malaysia, the Philippines, and Singapore.
|Only SJC can test 99.99% gold|
Those wanting to export gold with 99.99% purity must gain a certificate from Saigon Jewelry Holding Co. (SJC), currently the only tester for this type of gold due to the lack of independent testing agencies.
|IMF sees higher 2013 lending, growth pace for Vietnam|
Lending has picked up "modestly" in Vietnam this year and the country should grow slightly faster than projected earlier, the International Monetary Fund said.
|Foreigners with over-3 month visas can buy houses in VN: Proposal|
|Under a proposal by the Construction Ministry, all foreigners staying in Vietnam on a visa that is valid for more than three months can buy houses in the country and may hold house ownership for 50 to 70 years.|
|Ho Chi Minh City to have four cities under new master plan|
The Ho Chi Minh City People’s Committee has built a new urban administration model for the city. If approved by the National Assembly within this year, the new model will be applied in 2016. Accordingly, the city will be re-organized to have four satellite cities revolving around a central area that is comprised of 13 districts.
|Vietnam bank fix starts with $476 mln debt|
New asset management firm to buy bad debts worth VND10 trillion in the next two months.
|Vietnam introduces National Wage Council|
Members of the National Wage Council at the group's inaugural ceremony in Hanoi August 6
|Culture agencies to imbue people with national identity|
The culture sector and other agencies should make the best of the market economy to build an advanced culture deeply imbued with national identity and traditions, Prime Minister Nguyen Tan Dung said.
|Vietnamese, Russian ministers talk defence cooperation|
Efficient defence cooperation will help with consolidating mutual trust and understanding and bolstering bilateral ties, the Vietnamese and Russian Defence Ministers have agreed.
|State bank keeps close watch on lending|
The State Bank of Vietnam (SBV) has instructed its municipal and provincial branches nationwide to closely monitor and inspect consumer loans given by commercial banks.
|Does Vietnam’s new rule ban link sharing on Facebook?|
A new government decree aimed at tightening control over the use of Internet of local citizens has ignited a storm of protests from netizens, who believe that the law will ban them from sharing links on their Facebook or personal blogs.
|FDI hits nearly $12 billion in 7 months|
Vietnam attracted nearly US$12 billion in newly and additionally registered foreign direct investment (FDI) capital in the first seven months of 2013, a year-on-year of 19.6 pct.
|Hanoi urged to leverage economic driving force|
National Assembly (NA) Chairman Nguyen Sinh Hung has urged the capital city of Hanoi to further leverage its role as an economic hub and a key driving force in the north and the entire country as well since its administrative boundary has been expanded in 2008.
|Central bank stops dollar selling|
The State Bank of Vietnam (SBV) has stopped selling U.S. dollars to intervene in the market as the foreign exchange rate has been stabilized over the past time.
|Vietnam businesses face brunt of costly loans, low demand|
Nearly 25,000 businesses closed down in the first half and the trend is unlikely to abate any time soon given the low demand and expensive bank credit.
|Vietnam runs 200m USD trade surplus in July|
|The trade balance returned to a surplus for the month of July, reaching 200 million USD, the General Statistics Office (GSO) said in its recent report.|
|Vietnam launches debt firm to rescue its battered banks|
Vietnam launched an asset firm to buy up the bad debts of its banks on Friday, a move touted as one of its biggest reforms but seen as merely a band-aid fix for its ailing, credit-starved economy.
|Vietnamese investment in Myanmar tops $600 mln|
|Vietnamese businesses currently have four projects that have obtained an investment license in Myanmar, with the total registered capital estimated at US$600 million, the Association of Vietnamese Investors in Myanmar (AVIM) announced at a conference in Hanoi on Monday.|
|Vietnam gets tough on state firms in economic growth push|
A customer is reflected in a motorcycle mirror as he uses a Vietnam Bank for Agriculture & Rural Development (Agribank) automated teller machine (ATM) in Hanoi.
|Apartment sales on the rise|
Positive signs have appeared in the property market as some apartment projects have seen the number of customers rising significantly over the past six months.
|Small foreign investors opt for factory leases|
Foreign direct investment (FDI) companies in HCMC are inclined to lease ready-built factories of industrial park (IP) infrastructure development enterprises, instead of constructing their own facilities. Most of these entities are small- and medium-sized enterprises (SMEs).
|Three-month gold sales total 45 tons|
An additional 26,000 taels of gold was sold at auction on Tuesday, taking the total so far to over 1.19 million taels, or nearly 45 tons.
|Policy makers mull huge stimulus package amid concerns|
Policy makers at central agencies are considering a stimulus package worth nearly VND100 trillion, or nearly US$4.9 billion, to prop up the sagging economy amid economists’ concerns about risks of instability therein.
|Gold demand still strong despite hefty supply|
Contrary to initial forecasts of the State Bank of Vietnam, commercial banks and gold trading firms rushed to snap up 26,000 gold taels put up for auction on Thursday.
|Hanoi acts to phase out use of nylon bags|
The capital city of Hanoi is stepping up a drive to phase out the use of nylon bag as it is harming both environment and human health.
|WB: Vietnam’s economy to grow 5.3 percent in 2013|
Vietnam’s economy is expected to grow at a moderate rate of around 5.3 percent this year and 5.4 percent in 2014, according to a report released by the World Bank (WB) in Vietnam on July 12.
|Da Nang moves to raise position in region|
|Policymakers, scientists and Da Nang city authorities got together at a workshop on July 12 to discuss measures to increase Da Nang’s position in ASEAN and Asia.|
|HCM City sees wholesale, retail buildings on rise|
Ho Chi Minh City's retail networks, especially modern facilities like shopping malls and supermarkets, have developed rapidly in recent years, according to the local Department of Industry and Trade.
|France cements ties with ASEAN|
|Pursuing further cooperation with the ASEAN is one of the priorities in the French Government’s foreign policy, affirms the new French ambassador to ASEAN.|
|Vietnamese products impressive at Singapore fair|
Six Vietnamese enterprises are taking part in the Singapore Gifts & Premiums Fair held from July 10 – 12 at the Marina Bay Sands, Expo and Convention Centre.
|State employees have easy access to preferential home loans|
HCMC – A number of homebuyers have benefited from the VND30-trillion low-cost home credit package launched by the Government, but it seems state employees have an advantage of accessing the low-interest loans.
|VinaPhone, Viettel launch mobile money transfer|
Mobile carriers VinaPhone and Viettel have launched a new service that allows users to transfer money by texting.
|Presidential Office unveils new laws|
The Presidential Office on July 5 announced nine latest Laws, one Ordinance and a Resolution in two separate press briefings in Hanoi .
|Capital calls for funds to build playgrounds|
Local authorities in the capital are calling for private capital to invest in more parks for children in new urban areas.
|Industrial parks to get public amenities|
The Ministry of Construction has proposed a pilot project to construct cultural, educational and public amenities facilities for employees at industrial parks (IPs).
|ASEAN determined to build Community by 2015|
The Association of Southeast Asian Nations (ASEAN) has renewed its determination to reinforce efforts towards establishing an ASEAN Community by 2015 at the 46 th ASEAN Ministerial Meeting (AMM-46) and related meetings that have freshly concluded in Bandar Seri Begawan, Brunei.
|Vietnam completes HEU fuel conversion programme|
Vietnam on July 3 returned the last remaining 11 kilogrammes of highly enriched uranium (HEU) from the Da Lat Nuclear Research Institute to Russia, the Ministry of Science and Technology (MoST) announced in Hanoi the same day.