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News

Vietnam firms seek proper derivatives system

  • Vietnamese securities companies are in a hurry to seek a suitable system to work with when the first-ever derivatives market is launched by this year-end, according to local media.
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Stocks drop due to low investor confidence

  • Vietnamese stocks may fall further this week as investor confidence drops on declining oil prices and markets receive no positive news from the listed companies, brokerage firms wrote in their weekly forecast.
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Brands aim to boost name ahead of TPP

  • Product quality and brand names are two key requirements for Vietnamese companies to compete when the Trans-Pacific Partnership (TPP) is enforced, a conference heard in HCM City yesterday.
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PM launches Kien Giang gas project

  • Prime Minister Nguyễn Tấn Dũng launched the Block B-Ô Môn gas project by the Việt Nam National Oil and Gas Group (PetroVietnam) in the southern province of Kiên Giang yesterday.
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Samsung licensed despite concerns

  • South Korean tech giant Samsung Group’s recent investment certificate for a large-scale research and development centre in Hanoi has been met with mixed sentiments as many believe that the company’s investment demands may outweigh the benefits to Vietnam.
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ASEAN has council of chief judges

  • Delegates at the fourth ASEAN Chief Justices’ Meeting last week agreed to rename the meeting as the Council of ASEAN Chief Judges (CACJ).
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HCMC to invest VND21.6 trillion in health sector

  • HCMC – The health sector of HCMC will carry out 89 projects worth VND21.6 trillion (US$969 million) between 2016 and 2020 to improve healthcare services.
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NA wants SME law issued soon

  • The Government should create a private-business enabling environment by swiftly presenting a draft law on support for small and medium enterprises (SMEs) and establishing a national business development council.
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Work begins on $12 billion gas project in Vietnam

  • State giant PetroVietnam began work Sunday on a US$12 billion project to drill for gas and build infrastructure to supply the gas to several power plants in the Mekong Delta.
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Will HCM City become a special economic zone?

  • Before HCM City’s Party Secretary Dinh La Thang stated the idea of turning HCM City into a special economic zone like Shanghai, the city authorities asked for the central government’s permission to build this model 20 years ago.
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Vietnam becoming wary of too many incentives to foreign investors

  • The Ministry of Finance recently rejected a demand from Samsung Electronics for a 50 percent tax reduction for three more years for its two plants in the provinces of Thai Nguyen and Bac Ninh.
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Vietnam's central bank says not cutting off dollar loans

  • The State Bank of Vietnam has denied claims that it is curbing dollar lending across the board, saying those who have "justifiable needs" will still be given access to loans in foreign currencies.
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Da Nang ranks as Vietnam’s top business destination for third consecutive year

  • The central city of Da Nang has cemented its spot as the easiest Vietnamese locality to do business, topping the country’s Provincial Competitiveness Index (PCI) list for the third straight time
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Mining industry to modernize

  • Vietnam is one of the few countries maintaining an annual economic growth rate of around six percent and this growth has been the momentum for modernising its mineral sector
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