Vietnamese flock to online shopping Vietnamese flock to online shopping

The growth of connected device ownership is causing a boom in the online retail sector, with the number of people making online purchases spiking in the last two years in Southeast Asia, particularly Viet Nam, global information company Nielsen said in a report last week.

Thien Thanh Company's assets blocked Thien Thanh Company's assets blocked

Da Nang's People's Committee has asked the provincial Departments of Justice, Natural Resources and Environment and Land Registry Office not to permit transfer of Thien Thanh Group Ltd Company's assets.

Proposed air route saves on time and fuel Proposed air route saves on time and fuel

Aviation companies can save on flying time and fuel if they are allowed to take the proposed Ha Noi-HCM City air route crossing the airspace of Laos and Cambodia.

Quoc named to Technology Review's under-35 innovators list Quoc named to Technology Review's under-35 innovators list

Le Viet Quoc has become the first Vietnamese person to be on the 2014 list of 35 Innovators under 35, selected by the Massachusetts Institute of Technology's Technology Review magazine.

Domestic gold price falls to three-month low Domestic gold price falls to three-month low

(Sep 12, 2014)

Domestic gold prices followed the downward trend in the world market and dropped by VND330,000 (US$15.7) per tael from early this week toVND36.02 million ($1,715) per tael.

Viet Nam seeks to lure more Russian travellers to hotspots

The tourism sector will carry out measures to attract more Russian visitors to Viet Nam as there is huge potential for the development of the Russian market, according to the Viet Nam National Administration of Tourism (VNAT).

Export forum focuses on prospective markets

Japan, Indonesia, India, and countries in Africa and Latin America import lots of products, but Vietnamese firms need to study them carefully to export to them, a conference heard in HCM City yesterday.

Trade surplus forecast on export growth

Viet Nam is expected to achieve a trade surplus in the remaining months of 2014 following positive results from exports in the first eight months of the year.

Government financial management information system to be reinforced

Viet Nam is moving forward to develop a complete Government financial management information system (GFMIS) in the future, a top official of the Ministry of Finance announced.

SCIC to give US$47.6 million to TISCO

Prime Minister Nguyen Tan Dung has allowed the State Capital Investment Corporation (SCIC) to contribute VND1 trillion (US$47.6 million) to the Thai Nguyen Iron and Steel Corporation (TISCO) to improve production.

Vingroup, VID Group become strategic partners of Vinatex

Vingroup and Vietnam Investment Development Group (VID Group) have become strategic partners of the Viet Nam National Textile and Garment Group (Vinatex).

Rice exporters target stable supplies

The State should control the flow of rice exports through Viet Nam's border gates to ensure enough supply for export processing, experts said.

Viet Nam urged to encourage growth of support industries

Viet Nam's support industries remain underdeveloped in spite of Government directives, with only 27.8 per cent of industrial spare parts and accessories coming from domestic enterprises.

More firms receive customs priority status

The General Department of Customs yesterday announced it has approved the applications of eight more companies for expedited customs procedures.

Experts talk up VN as  investment destination

Viet Nam, with its 90 million population and growing affluence, and more focused efforts to equitise State-owned enterprises and restructure banks, offers great opportunities for portfolio investors despite some hurdles, a seminar that opened in HCM City yesterday heard.

Marks & Spencer begins with a bang in VNMarks & Spencer begins with a bang in VN

British retailer Marks & Spencer, which opened in Viet Nam just a fortnight ago, has announced that it has already achieved its first month's sales target.

Call to protect ailing steel industryCall to protect ailing steel industry

The steel industry is the key to the development of heavy industry, including car making and shipbuilding. However, the sector is facing many difficulties. Viet Nam News reporter Mai Huong interviewed An Sung Gu, chief representative of one of Viet Nam's largest steel producers, Posco-South Asia Ha Noi, about the issue.

Tumbling interest rates raise concern Tumbling interest rates raise concern

In June 2013 Hoang Thi Kim Hoa deposited VND150 million (US$7,000) in a bank near her house in HCM City. With the interest rate being 6.8 per cent, she got more than VND800,000 each month. But since then the rate has been falling relentlessly, reaching 5.3 per cent last month.

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