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VN statistics office partners with IMF to re-evaluate Vietnam’s economic scale

 The General Statistics Office (GSO) and the International Monetary Fund (IMF) are working together toreview the methods to evaluate the Gross Domestic Product (GDP) scale of Vietnam.

Vinashin ex-leaders prosecuted for abusing position, power

 Four former leaders of the State-run Vietnam Shipbuilding Industry Group (Vinashin), now the Shipbuilding Industry Corporation (SBIC), have been charged with “abusing position and power to appropriate assets”.

Regulations being revised to implement CPTPP

The Ministry of Industry and Trade (MoIT) is working to align Vietnam’s legal regulations with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – a deal experts see as hugely important to the country.

 

Japan and South Korea among most favorite destinations for Vietnamese women

 Japan and South Korea are the most favorite destinations among Vietnamese women, according to a survey conducted by the Ho Chi Minh City-based firm Q&Me released on April 8.

VN stocks progress ahead of reports

Vietnamese shares took off on Monday as oil prices increased and news on annual shareholder meetings and 2019 business plans helped cushion investor confidence amidst a lack of supportive news.

 

Stock market size reaches over 81% of GDP

Viet Nam's stock markets had reached approximately 81 per cent of the country’s Gross Domestic Product (GDP) as of March 18, up 14 per cent compared to the end of 2018.

 

ACV gets further support for terminal investment at TSN Airport

The Commission for the Management of State Capital at Enterprises has thrown its support behind Airports Corporation of Vietnam (ACV) as the investor in the T3 passenger terminal project at Tan Son Nhat International Airport in HCMC.

 

Bubble tea, a gold mine attracting investors

Investors are flocking into the bubble tea market since demand is booming across the country.

 

Underground water polluted because of mismanagement

VietNamNet Bridge - The news about land subsidence in the western provinces of the southern region has once again rung the alarm over the exploitation of underground water.

VN-Index extends upward momentum to three straight days

The Vietnam’s stock market advanced for a third consecutive day on April 8 to open week in green thanks to rising trend on Asian stock markets caused by optimistic economic information from the US and China.

 

Biofuel consumption rises in HCM City

E5 biofuel consumption rose recently in HCMC, following the upward price adjustment on April 2, Sai Gon Giai Phong news site reported, citing multiple fuel outlets in the city.

 

Fierce competition predicted for Vietnam’s retail leasing industry

Competition is set to intensify for Vietnam’s retail leasing market, mainly due to the entry of foreign players and the rise of e-commerce, stated Viet Dragon Securities Company (VDSC) in its latest report. 

 

ADiDi penetrates local delivery market

The local delivery market on April 8 welcomed a new member, ADiDi, providing delivery, installation, repair and maintenance services, mainly for electronic products and household appliances.

 

VN central bank sets to tighten unsecured consumer finance

Regulations on personal unsecured lending by consumer finance companies will be tightened if a draft circular of the State Bank of Vietnam (SBV) takes effect.

 

Grab may be categorized as e-charter transport operator

Ride-hailing service providers such as Grab will likely be listed as e-charter transport operators, heard attendees at a meeting to discuss a draft Government decree replacing Decree 86 on the transport business and its conditions on April 8.

 

Truong Van Phuoc picked as Vietbank’s advisor

Vietbank, has announced the appointment of Truong Van Phuoc, former acting chairman of the National Financial Supervisory Commission, as its advisor from April 8, according to the Vietnam Finance website.

 

Siemens helps Vietnam build smart infrastructure

Germany’s Siemens AG will help Vietnam build smart infrastructure for sustainable development under a framework agreement on industry and energy cooperation signed between the two sides in Berlin on April 9.

 

Vietnamese Trade Counselor: benzoic acid still used in some food in Japan

The benzoic acid additive that Japanese authorities discovered in Chinsu-branded chilli sauce imported from Vietnam is being used in some food in Japan, according to Vietnamese Trade Counselor in Japan Ta Duc Minh.

 

Burger King slammed for ‘racist’ ad promoting Vietnamese burger

Burger King has come under fire for an advertisement that many deemed racist against Asians.

 

BUSINESS NEWS IN BRIEF 9/4

First exhibition on port infrastructure, logistics slated for June, Small firms run into difficulties with BOT tollgate fees, Binh Phuoc teams up with Ministry to attract investment, Pork prices drastically fall due to African swine fever