Vietnam 

Shares up on banking, energy stocks – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Oil transmission pipes at the PV Oil Corporation. The increase of world oil prices has helped local oil and gas stocks advance. — VNA/VNS Photo Huy Hùng  HÀ NỘI — Vietnamese shares advanced on Wednesday with the two main stock indices rising, largely on the strength of a handful of banking and energy blue-chips. The VN-Index on the Hồ Chí Minh Stock Exchange rose 0.99 per cent to end trading at 994.38 points. The southern market index rose 0.37 per cent to end Tuesday at 984.67 points. On the Hà Nội…

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Vietnam 

MoIT investigates anti-dumping plastic products – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The deadline to answer the questionnaire is before 16:30 on September 25, 2019 (Hà Nội time). — Photo tinnhanhchungkhoan.vn HÀ NỘI — The Ministry of Industry and Trade (MoIT) has issued Decision No.2334/QĐ-BCT to launch an anti-dumping investigation into Biaxial Oriented Polypropylene (BOPP) film originating from China, Thailand and Malaysia. The investigation was initiated based on requests of domestic producers on April 26. In their petitions, Hưng Nghiệp Formosa Ltd Company and Youl Chon Vina Plastic JSC said BOPP film products imported from the three countries were dumped in the…

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Vietnam 

Việt Nam ranked the ninth most robust data centre market in Asia-Pacific – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Southeast Asia will be the fastest growing region for co-location data centres over the next five years, underpinned by the surge in demand for cloud-based services. — Photo vov.vn HÀ NỘI — Việt Nam is ranked the ninth most robust data centre market in Asia-Pacific, according to the Data Centre Competitive Index 2019 released this week by global real estate services firm Cushman & Wakefield. According to Lynus Pook, Cushman & Wakefield director for leasing, the economically active population in the Southeast Asian markets of Việt Nam and Indonesia will…

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Vietnam 

Programme built to better use of trade remedies – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Tra fish processing at Hùng Cá Company in the southern province of Đồng Tháp.  A number of industries will benefit from the programme including steel and iron, chemicals and chemical products, fertilisers and nitrogen compounds, wood, fisheries, and farm produce. — VNA/VNS Photo Anh Hiếu HÀ NỘI — A report on the building of a general programme for the use of trade remedies in several production industries is being compiled by the Trade Remedies Authority of Việt Nam (TRAV) under the Ministry of Industry and Trade. It aims to restructure…

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Vietnam 

VN stocks on mixed notes while trading liquidity remains moderate – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An investor watches stocks move on his computer screen. Vietnamese shares ended Wednesday morning on different paths while trading liquidity was still moderate. — Photo tinnhanhchungkhoan.vn HÀ NỘI —Vietnamese shares were mixed on Wednesday morning, with moderate trading liquidity being recorded on the two local exchanges. The benchmark VN-Index on the Hồ Chi Minh Stock Exchange gained 0.63 per cent to close at 990.89 points. On the Hà Nội Stock Exchange, the HNX-Index inched down 0.15 per cent to end at 102.82 points. Nearly 111 million shares were traded on the…

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Vietnam 

Việt Nam adopts pro-active measures to protect trade – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Illustrative Image. —Photo hanoimoi.vn Lương Kim Thành, a senior officer from the Trade Remedies Authority of Việt Nam, talks to Hà Nội Mới (New Hà Nội) newspaper on Việt Nam’s resolve to be pro-active in the international market in all circumstances. Do you know why many countries have recently increased their monitoring activities against the flow of Vietnamese goods exported to their countries? With tense Sino-US trade relations, many countries have strengthened their trade protection measures to protect their local markets and production. Thanks to its lucrative policies on foreign investment,…

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Vietnam 

Fintech firms need clear policy to develop – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Speakers at a meeting on August 20 discuss problems with the Vietnamese fintech sector. – Photo thoibaotaichinhvietnam.vn HÀ NỘI – Việt Nam needs a proper legal framework for financial technology (fintech) services, a State Bank of Vietnam official said on August 20. Ngô Văn Đức, deputy director of Payment Method Supervision at the State Bank of Vietnam, said there was no law or regulation on the management of fintech businesses and their services. The development of fintech businesses had not met expectations in recent years, he said. According to…

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Vietnam 

Policies needed to adapt to rising labour cost – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Director General of the Asia-Pacific Economic Centre Võ Đại Lược. Photo doanhnhansaigon.vn Director General of the Asia-Pacific Economic Centre Võ Đại Lược talks to Doanh nhân Sài Gòn (Sài Gòn Businessman) online newspaper about the need for Việt Nam to have policies to adapt to increasing labour costs The price of Vietnamese labour is increasing. What do you think this means for the future? It is an inevitable trend that the cost of Vietnamese labour will increase as the inflation rate keeps at 4 per cent and the annual…

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Vietnam 

Insurance industry targets 20 per cent growth this year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The country’s insurance sector has targeted a growth rate of 20 per cent this year, according to the Việt Nam Insurance Association.  — Photo tbck.vn HÀ NỘI — The country’s insurance sector has targeted a growth rate of 20 per cent this year, according to the Việt Nam Insurance Association. Bùi Gia Anh, the association’s general secretary, said the insurance market had maintained its strong growth so far this year. The mechanisms and policies in the insurance industry were nearly complete while businesses had secured their financial security to become more…

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Vietnam 

Mekong province seeks investment in hi-tech agricultural park – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Agricultural technologies on display on the sidelines of a conference to call for investment in Hậu Giang Province’s hi-tech agricultural park on Monday. — Photo Courtesy of baohaugiang.com.vn HCM CITY — The Cửu Long (Mekong) Delta province of Hậu Giang continues to solicit investment in its hi-tech agriculture park, including in its infrastructure. According to Trương Cảnh Tuyên, deputy chairman of its People’s Committee, who spoke at a conference for the purpose on Monday, the province has great potential in agriculture with over 140,000ha of arable land. It has areas for…

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