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Vietnam ministry to finalize investment law on basis of PPP

The Ministry of Planning and Investment (MPI) is under the process of drafting up the investment law on the basis of public-private partnership (PPP), the governmental portal reported.

 

Macau’s Suncity to open US$4-billion casino in Vietnam by year-end

Macau’s biggest junket operator Suncity Group will open its own US$4-billion casino-integrated resort in Vietnam by year’s end, Bloomberg reported.

Vietnam tops the world in growth of mobile payment users

The number of Vietnamese people making mobile payments in stores is growing fastest, according to a survey by PcW.

 

PM Nguyen Xuan Phuc meets Russian President in Moscow

Prime Minister Nguyen Xuan Phuc met with Russian President Vladimir Putin in Moscow on May 22 during his official visit to Russia.

 

Spectrum of opinion on credit moves

A recent draft circular on safety limits for banking operations, which applies a credit risk ratio three times higher than the current ratio, has created controversy among real estate consultants, developers, and buyers.

BUSINESS NEWS 23/5

Vietnam always welcomes Russian enterprises, says PM

 

Property gains from factories leaving China

Vietnam’s industrial real estate is ­undergoing a turnaround to cash in on the rising wave of foreign capital ­influx and factories moving out of China.

ASEAN Music Festival poised to get underway in Hai Phong

The 2019 version of the ASEAN Music Festival is scheduled to take place in the norther port city of Haiphong city from May 25-31.

 

Vietnam attractive to foreign investors amid trade war

Mr. Chua Hak Bin, Senior Economist at Maybank Kim Eng, tells how Vietnam is the biggest beneficiary in investment shifts from China as trade war with US continues.

 

Vietnamese, Russian PMs hold talks in Moscow

Vietnamese Prime Minister Nguyen Xuan Phuc and his Russian counterpart Dmitry Medvedev discussed measures to enhance the two countries’ cooperation during talks in Moscow on May 22.

 

Vietnam’s trade deficit hits US$1 billion by mid-May

Vietnam has sustained an accumulated trade deficit worth over US$1 billion by mid-May, according to the General Department of Vietnam Customs.

 

VASEP concerned over seafood exports to China amid yuan devaluation

The Vietnam Association of Seafood Exporters and Producers (VASEP) has expressed concern over a decline in Vietnam’s seafood exports to China due to the sharp depreciation of the yuan.

 

Steel imports from China go up

Steel imports from China surged by 7.3 per cent to nearly 2 million tons during the first four months of this year, totaling US$1.22 million in value.

 

VN banks handle $898.4 b through e-payments in Q1

VN's interbank e-payment system handled 37 million transactions worth US$898.4 billion in the first quarter of the year, up 23 per cent and 17.8 per cent respectively compared to 2018, according to the State Bank of Vietnam.

 

VNPT to hire in’t consultants for equitisation plan

The Viet Nam Posts and Telecommunications Group (VNPT), the country's largest telecom operator, will hire five consultants for its planned equitisation project.

 

Vietnam places third in regional AFF U15 Girls Championship

Vietnam won the bronze medal at the AFF Women's U15 Championship which ended on Tuesday in Chonburi, Thailand.

Most SOEs operating at a profit: audit

Most State-owned enterprises were operating at a profit but still needed to improve their operational efficiency, according to a report by the State Audit Office of Viet Nam (SAV).

 

HCM City promises to resolve difficulties for business sector

Erratic planning and other problems related to land use are hurting the business sector, according to the HCM City Department of Industry and Trade.

 

HCM City learns from Netherlands’ innovative technologies

HCMC wishes to learn from the Dutch city of Eindhoven’s experience in smart city development and cooperation models between the state and businesses, schools, and research institutes, especially in smart city building and operation.

Vietnam, EU seek to expand defence cooperation

Deputy Defence Minister, Sen. Lt. Gen. Nguyen Chi Vinh led a delegation of Vietnamese defence officers to attend a meeting of EU Chiefs of Defence (CHODs) in Brussels from May 19-22.