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Viet Nam’s import of machines up 33%
Viet Nam spent US$24.12 billion importing machines, equipment, tools and spare parts in the first eight months of this year, marking a year-on-year increase of 33 per cent.

Viet Nam’s import of machines up 33%
VN-Index edges down on large-cap divergence
Shares were mixed on the two exchanges on Wednesday morning as large-cap stocks expanded divergence.

VN-Index edges down on large-cap divergence
Mekong countries emphasise infrastructure connectivity
Countries in the Greater Mekong Sub-region (GMS) should enhance their economic and infrastructure connectivity to promote economic development in the sub-region, Deputy Minister of Planning and Investment Dang Huy Dong said at a forum on Tuesday.

Mekong countries emphasise infrastructure connectivity
VN firms spending less on RD
Innovation is critical for productivity, but Vietnamese firms spend less on Research and Development than in most other Southeast Asian countries.

VN firms spending less on RD

Highlight

MoIT to reveal list of gas traders

Viet Nam’s Ministry of Industry and Trade (MoIT) recently announced a list of eligible exporters, importers and distributors of gas.

SBV to rate local credit institutions

The State Bank of Viet Nam (SBV) is planning to rank credit institutions; however, it said the ranking results will not be publicised due to the delicacy of the issue.

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News

Petrol price rises for fifth consecutive time

The domestic retail price of petroleum increased by VND319 to reach VND18,111 (US cents) per litre on Wednesday, the Ministry of Industry and Trade (MoIT) said.

Banking

State capital at credit institutions to be assessed

Credit institutions in which the State controls over 50 percent of charter capital will now be subject to assessment, according to a circular drafted by the Ministry of Finance.

Property

Nghe An to get US$440.5 million resort complex

Property developer FLC Group has proposed its intention to build a VND10 trillion (US$440.5 million) Beach & Golf Resort in the central province of Nghe An’s Nghi Loc District.

Markets

VN-Index edges down on large-cap divergence

Shares were mixed on the two exchanges on Wednesday morning as large-cap stocks expanded divergence.

Tech

FPT launches new RD centre in Japan

FPT Group has official launched a research and development centre in the Okinawa Prefecture to boost FPT’s growth in the Japanese market.

Wheels

Mercedes-Benz vehicles recalled for power system fault

Mercedes-Benz Vietnam is issuing a recall to the owners of 1,234 vehicles of various models in Viet Nam to fix faulty power systems and the electrical connection to the electro-hydraulic power steering (EHPS).

Biz Guide

Advice for FDI firms on distribution rights

Enterprises with foreign-owned capital (even one per cent) need to register distribution rights before trading goods purchased from other Vietnamese organisations or imported into the country.