Trade surplus estimated at 711 million USD in four months

Fri, 03 May 2019 17:13:00

The surge in imports of several commodities limited the trade surplus in the past four months to 711 million USD, compared to the surplus of 3.7 billion USD during the same period last year

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Asia Coffee-Vietnam domestic prices edge lower, Indonesian premiums widen

Fri, 03 May 2019 17:11:00

Domestic prices in Vietnam edged down slightly this week, prompting farmers to halt sales, while Indonesian premiums to July contract widened to compensate for a drop in global prices.

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Review of policies for biofuel E5 RON 92 proposed over disappointing sales

Fri, 03 May 2019 17:09:00

Saigon Petro Company Limited recently proposed policies for the development of E5 RON 92 to be reviewed over the significant declines in sales of this biofuel.

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Facebook bans Alex Jones, other extremist figures

Fri, 03 May 2019 17:05:00

Facebook Inc said on Thursday it was banning Alex Jones and other controversial U.S. political personalities for violating the social media company’s policies on 'dangerous individuals and organizations.'

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Ministries urged to allow use of State budget for banks’ capital hikes

Fri, 03 May 2019 17:02:00

The State Bank of Vietnam (SBV) has continued to urge relevant ministries to revise legal frameworks in order to allow large State-owned commercial banks to use the State budget for their capital increases.

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Fresh policies take effect since May

Fri, 03 May 2019 16:56:00

A series of policies on false denunciations, new emission standards for second-hand vehicle imports, Labor Code on licensing outsourcing services shall take effect from May 2019. 

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French bank named financial adviser for Ke Ga wind power project

Fri, 03 May 2019 16:54:00

French bank Société Générale has been chosen to be the financial adviser for the initial phase of the Ke Ga offshore wind power project – the world’s biggest project of its kind at present.

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Singapore shoppers given tool to choose products using ethical palm oil

Fri, 03 May 2019 16:52:00

A new online shopping tool gives Singaporeans the option of buying products made using ethical palm oil, a non-profit behind the scheme said on Thursday, as it looks to tackle the region's haze fires.

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EU, Vietnam to ratify “ambitious” EVFTA by end of 2019: HSBC

Fri, 03 May 2019 16:49:00

It is estimated that the EU-Vietnam FTA (EVFTA), the “most ambitious” FTA the EU has ever concluded with a developing country, will add 0.1 percentage point (ppt) on average to Vietnam’s real GDP growth each year based solely on its trade impacts.

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Vietnam sees $700 million trade deficit in April

Fri, 03 May 2019 16:48:00

A sharp increase in imports dragged April’s balance of trade down to $700 million deficit from a $1.63 billion surplus in March

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Industrial sector records 9.2 percent expansion in January-April

Fri, 03 May 2019 16:46:00

The industrial production index (IIP) for the first four months of this year increased by an estimated 9.2 percent year on year, according to the General Statistics Office (GSO).

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Vietnam’s first carmaker to launch nonprofit electric bus service

Fri, 03 May 2019 16:44:00

Vinfast announced Thursday the establishment of VinBus, which will offer passenger transportation services in major Vietnamese cities.

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Opportunities and pitfalls within private sector development

Fri, 03 May 2019 16:42:00

Vietnam is likely to miss the window of huge opportunities to bolster its future development if it is unable to find a way to leverage the contribution of the private sector.

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Tax incentives can speed up cashless payment in Vietnam

Fri, 03 May 2019 16:40:00

Vietnamese banks are proposing tax incentives for businesses adopting e-payments as a way to boost cashless payments.

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Overseas Vietnamese to convene first economic forum in RoK

Fri, 03 May 2019 16:38:00

The first Overseas Vietnamese Economic Forum (OVECOF) is scheduled to run on April 6 – 9 in Incheon, the Republic of Korea (RoK), with hundreds of businessmen from the Vietnamese expat community in RoK, Vietnam, and the RoK expected to join.

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Digitization could add billions to Vietnam GDP: official

Fri, 03 May 2019 16:35:00

Vietnam could add $162 billion to its GDP in 20 years’ time by turning its economy digital, says a deputy minister. 

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Wholesale, retail, vehicle repair see highest number of new firms: GSO

Fri, 03 May 2019 16:33:00

Whole sale, retail, and vehicle repair service saw the joining of 16,100 new businesses, the highest number in the first four months of this year, up 14 percent year on year and accounting for 37.2 percent of the newly-established firms of the country, according to the General Statistics Office (GSO).

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Aussie warships to make friendly visit to Vietnam

Fri, 03 May 2019 16:29:00

An Australian guided-missile frigate and helicopter carrier will arrive in Cam Ranh Bay in central Vietnam for a four-day visit next week.

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