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Industrial production maintains high growth of nearly 11% in 7 months

 Viet Nam’s index of industrial production (IIP) scored a growth of 10.9 per cent in the first seven months of this year, up 7.1 per cent against the same period last year, the General Statistics Office announced.

Vietnam's bond market posts highest growth in emerging East Asia: ADB

 Vietnam`s local currency (LCY) bond market reached a size of US$51 billion at the end of March while remaining the smallest market in the region, stated ADB.

Canada says VN’s cold-rolled steel causes injury to its steel industry

A Canadian trade body has made a preliminary ruling that imports of cold-rolled steel from Vietnam, China and the Republic of Korea are harming the domestic industry.

Banks, gov’t organisations advised to take steps against cyber attacks

 The Vietnam Computer Emergency Response Team (VNCERT) on July 23 advised banks and critical national infrastructure organisations to promptly take preventive measures to detect and prevent cyber attacks.

Hand-shakes between local and foreign players in pharmaceutical market

 Growing participation of foreign players in Vietnam’s pharmaceutical market is putting pressures on local pharmaceutical firms, however analysts suggest the deals with foreign partners could bring certain benefits to their local partners.  

Pepper prices will struggle to recover this year: Agriculture Ministry

 The Department of Farm Produce Processing and Market Development (DFPPM), under the Ministry of Agriculture and Rural Development (MARD) has forecast that pepper prices will struggle to recover in July and the rest of the year.

Electronics retailer owes $6.42m in fines, back taxes over past decade

 HCM City-based electronics retailer Nguyen Kim has been asked to pay US$6.42 millionin fines and tax arrears after it was found to have been improperly manipulating the amount of personal income tax its employees had to pay over the past 10 years.

Draft strategy targets Vietnam’s leading position in Asian mariculture

 A draft strategy for sea farming development has set the target of making Vietnam a leading country in mariculture in Asia, and one of the world’s top five farmed seafood producers and exporters by 2050.

Vietnam’s economy maintains growth momentum over year’s second quarter

 The Vietnamese economy continued to enjoy growth in the second quarter of 2018, following an impressive growth impetus in the first three months of this year, according to the Department of Planning under the Ministry of Industry and Trade.

VN central bank ready to take action to stabilise foreign exchange market

 The State Bank of Vietnam (SBV)’s recent response to the continuous rise of USD prices has demonstrated its readiness to make an intervention in order to stabilise the foreign exchange market.

Retail investors feel headaches finding a suitable investment channel

 As diverse investment methods co-exist in the market today, retail investors might be confused in choosing a suitable “basket” to put their “eggs” in with a view to raising their assets effectively.  

Operators and banks looking at busy times with changing phone numbers

 The shift from 11 to 10-digit numbers will force millions of users to re-register their personal information in several places.

Vietnam Commodity Exchange: opportunities from a billion-dollar market

 Decree 51/2018/ND-CP on the establishment and trading on commodity exchanges, which will come into force on June 1, 2018, is expected to open a new era for both businesses and farmers to boost sales through this channel.

Vietnam could be Lotte Mart’s next target for withdrawal after China?

 Lotte Shopping Holdings Hong Kong Co. has just sold most of its outlets in China to local companies for over $505 million. Will Vietnam be the next target to cut ends for this group after ten years of consecutive losses?

Surge in production and exports boosts Vietnam’s economic expectations

 Fueled by a continued surge in local production and exports, Vietnam is forecasting strong growth beyond its expectations for the entire year, making it the fastest-growing economy in the region.

Vietnam accounts for 6 pct of world’s timber, wooden furniture market

 Vietnam’s exports account just 6 percent of the global timber and wooden furniture market which is estimated at 120 billion USD, said a local official.

Lawyer-talk: can and should Thai Beverage gain control of Sabeco now?

 Lawyers Luong Van Trung from the Vietnam International Arbitration Centre and Tran Thi Anh Tho from Lexcomm Vietnam LLC discuss whether Thai Beverage has the right to be on Sabeco’s 

Local firm invests in ride-hailing services following Uber withdrawal

Phuong Trang Tourism Service and Transport JSC will invest VND2.2 trillion (USD100 million) to develop an app-based taxi service following Grab’s acquisition of Uber in Southeast Asia, including Vietnam. 

PV Power proposes taking over Nhon Trach 3 and 4 thermal power plants

PV Power, the second largest electricity producer of Vietnam, may replace PetroVietnam as the investor of Nhon Trach 3 and 4 thermal power plants located in Ong Keo Industrial Zone in Dong Nai.

Petrolimex and PV Oil oppose Saigon Petro's wish to return to RON A92

 Petrolimex and PV Oil - Vietnam's two largest petrol distributors, disagree with Saigon Petro Co., Ltd.'s proposal to return to selling RON A92 petrol after reporting low bio-fuel E5 sales.