Foreign investors inject $3b in Vietnamese firms Foreign investors inject $3b in Vietnamese firms

Foreign investors have invested almost US$3 billion in Vietnamese enterprises in the last twelve months ending July 2016, the Foreign Investment Agency under the Ministry of Planning and Investment reported on Thursday.

VN to develop competition policy VN to develop competition policy

Viet Nam is developing a comprehensive competition policy scheme in an effort to refuel reform and accelerate growth towards a market-based economy.

Inspectorate to investigate MobiFone stake purchase in AVG Inspectorate to investigate MobiFone stake purchase in AVG

Viet Nam's Government inspectorate will conduct a comprehensive inspection of MobiFone Telecommunications Corporation's business transaction in which it acquired a 95 per cent stake in Audio Visual Global JSC (AVG).

Central bank sounds alarm after hacks Central bank sounds alarm after hacks

The State Bank of Viet Nam has written to banks, credit institutions and financial organisations, warning them against hackers a day after the websites of Noi Bai and Tan Son Nhat airports and Vietnam Airlines were hacked.

Horse racing a non-starter in Viet Nam Horse racing a non-starter in Viet Nam

(Aug 27, 2016)

In the last 10 years many foreign investors announced plans to build a horse racecourse in Viet Nam, but none of them succeeded because gambling is highly restricted in the country.

Agro-forestry-fishery exports up, rice down

The nation's agro-forestry-fishery exports experienced a year-on-year rise of 5.6 per cent to nearly US$21 billion in the first eight months of this year, statistics from the Ministry of Agriculture and Rural Development have revealed.

Debt must be collected promptly: GDT

Tax authorities have been told to collect tax debts of enterprises totalling VND23.5 trillion (over US$1 billion), or an 18.8 per cent year-on-year increase, by the end of July , the General Department of Taxation (GDT) reported.

Binh Phuoc suspends six forest projects

The southern province of Binh Phuoc will stop clearing natural forest land for the planting of industrial trees with high economic value, the provincial authority has announced.

Ninh Thuan gets $431m of investment

A number of agreements on investment projects in wind power, breeding and high-end resort construction, with a total capital of nearly VND9.5 trillion (US$431.8 million) were signed in the south central Ninh Thuan Province on August 27.

FTAS pressuring farming sector

Agricultural enterprises in the Cửu Long (Mekong) Delta are facing severe challenges as Viet Nam integrates more deeply into the global economy, the director of the Viet Nam Chamber of Commerce and Industry's (VCCI) Can Tho branch said at a meeting this week in Can Tho City.

FPT Corporation earns high revenue

In the first seven months this year, FPT Corporation recorded a consolidated revenue and before tax profit of VND20.93 billion and VND1.42 billion, equal to 93 per cent and 100 per cent of the year-to-date guidance, respectively.

Trust vital to fight counterfeit goods

Local businesses have not been active in preventing and fighting against counterfeit goods due to a lack of trust in management agencies effectively resolving the issue.

Ministry to transform VN logistics

The industry and trade ministry is drafting an action plan for lowering logistics costs to touch 18 per cent of the country's gross domestic product (GDP) by 2020.

Domestic demand on path to recovery: ANZ

Viet Nam's domestic demand is still on the path to recovery, ANZ Bank said in its Macro Strategy Weekly report dated August 26.

VASEP: Formosa Ha Tinh should compensate seafood losses

The Government has been asked to compel Taiwanese firm Hung Nghiep Formosa Ha Tinh Steel Co. Ltd to compensate losses incurred by locals when it released toxic water into the ocean in April.

Co.opmart to spend nearly $448,430 a day on promotionsCo.opmart to spend nearly $448,430 a day on promotions

Saigon Co.op has tied up with 600 suppliers and spent VND200 billion (US$8.96 million) on its "Proud of Vietnamese Goods 2016" promotion programme at its Co.opmart and Co.opXtra outlets, which offers discounts on thousands of local products between August 27 to September 18.

Vinamilk's growth and future plans: CEOVinamilk's growth and future plans: CEO

Mai Kieu Lien, Vinamilk Chief Executive Officer, told Vietnam News Agency about Vinamilk's successes in production and business strategies as well as challenges it has faced and targets for the future on the occasion of Vinamilk's 40th birthday.

Foreign coffee, fast food retreat from Viet Nam Foreign coffee, fast food retreat from Viet Nam

The Vietnamese coffee market is considered very promising estimated to grow at 15 per cent through 2020. The question now is if Vietnamese chains can grab the opportunities created by the withdrawal of foreign brands.

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