vietnam business news

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Vietnamese pepper farmers hit by massive losses

Before the pepper price began to fall last year, trucks often rumbled into towns in the Central Highlands province of Gia Lai delivering batches of concrete pillars to pepper farmers.

 

HCM City wholesale markets to ban unprocessed farm produce

HCM City’s wholesale markets are set to ban unprocessed agricultural products from the end of the third quarter this year.

 

Vietnamese firms urged to use patents to protect intellectual property

Vietnamese firms should take advantage of the international Patent Cooperation Treaty (PCT) system to increase the value of their brand names and protect their intellectual property rights, experts have urged.

 

Transparency in land management must be upheld

Professor Dang Hung Vo, former Deputy Minister of Natural Resources and Environment, talks to VIETNAMNET about what the country should do to prevent land corruption.

 

Ministry eyes new management of ride-hailing platforms

The Ministry of Information and Communications (MIC) has proposed managing ride-hailing platforms in a different way than other transport firms.

 

Limited supply hits real estate market

Vietnam’s real estate market would see a decline in supply due to tight credit and land fund, experts have claimed.

 

Savills: Vietnam a global property hotspot

Savills Hanoi director tells conference of how Vietnam's real estate sector is the equal of most others.

 

US – China trade tensions likely to benefit Vietnam

Concerns on external disputes like the ongoing US - China trade tensions should be tempered as they could present Vietnam with good opportunities, analysts have suggested.

 

Vietnamese banks face challenges in digital banking transformation

Challenges related to network security, customer trust and an inadequate legal framework are road blocks to the digital transformation of Vietnamese banks, experts told a conference in HCM City on Thursday.

 

Vietnamese businesses fear fallout of US-China trade war

Many Vietnamese enterprises are keeping a close eye on the escalating US-China trade war and have expressed concern about its possible adverse impact on their business.

 

Responsible investment gains ground

Businesses in Vietnam must focus on sustainable practices if they desire long-term growth from regional manufacturing shifts and rising overseas capital inflows.

 

Memorial site dedicated to great poet to be renovated

Local authorities in the central province of Ha Tinh will renovate the memorial site dedicated to poet Nguyen Du and Nguyen Tien Dien's family.

 

BUSINESS NEWS 18/5

Vietnamese firms move to foster apparel exports to Canada

World Bank to provide US$125 million for HCM City’s urban development

The World Bank has approved a US$125 million finance to assist Ho Chi Minh City in strengthening the institutional foundations for its sustainable urban development.

 

Risk of money laundering in Vietnam assessed at ‘average level’

The risk of money laundering in Viet Nam was at "an average level", according to a State Bank of Viet Nam (SBV) report released on Wednesday.

 

Vietnamese dong expected to hover around VND23,200 per dollar

Since the beginning of the year, the central bank has raised the daily reference rate by VND236 per dollar, equivalent to 1.03 per cent.

Banks need further administrative reforms: conference

More administrative reform is needed in the banking industry to make it easier for businesses and individuals to get credit, experts told a conference in HCM City on Thursday.

 

VN central bank to grant more autonomy to commercial banks

The State Bank of Vietnam (SBV) will grant more autonomy in terms of capital mobilisation and lending to commercial banks, SBV Deputy Governor Dao Minh Tu said on May 16.

 

Mitsui & Co invests $155 million in Vietnamese seafood company

Japanese-based Mitsui & Co. Ltd said on May 16 it has sealed a 155-billion-USD deal to acquire 35.1 percent of Minh Phu Seafood Corporation – a major shrimp farming business in Vietnam.

 

VAMC aims to resolve $2.14bil of bad debts this year

The Vietnam Asset Management Company (VAMC) plans to handle $2.14 billion worth of bad debts in 2019, and issue special bonds to purchase $856 million of non-performing loans.