Vietnam to enhance management of e-commerce activities

The anti-dumping duties imposed on stainless steel has not created a monopoly in the market, said the Ministry of Industry and Trade (MoIT).

Hanwa Co., a Japanese firm trading in a wide range of products including steels and construction materials, has bought a 65-percent stake in a Vietnamese steel coil maker, according to NNA Japan.

After spending big money and making efforts to take care of sachi fields, farmers in the Central Highlands are disappointed as the ‘king of nuts’ has not brought the desired profits.

Vietnam’s snacks made of farm produce could conquer foreign markets, especially China, experts say.

Commercial banks’ purchase of real estate corporate bonds is considered indirect lending to real estate firms, experts say.

Experts attributed the success in the fight against the dollarization in the economy to the central bank’s effective policies, including the zero percent dollar deposit interest rate and the foreign exchange stability.

Traders of E5 biofuel and biodegradable plastics bags are calling for government incentives to encourage the use of such products.

Overseas remittances to HCM City were estimated to reach $3.45 billion in the first eight months of this year, according to the State Bank of Vietnam’s HCM City branch.

The market sentiment will remain lateral in September weighed down by global economic and political tensions while trading quiet amid speculations of Q3 corporate earnings.

Businesses are optimistic about the prospects of the two largest export markets, the US and China, after the Chinese yuan for the first time fell from the ‘red line’ since 2008 to 6,9225 yuan per dollar.

Vietnamese enterprises are not doing enough to learn about the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) which make them fail to grasp opportunities arising from the trade deal.

The reduction of working hours from 48 hours per week to 44 hours will create difficulties for textile and garments enterprises, according to one leading expert.

Most currencies have depreciated against the US dollar but the Vietnam dong value has remained stable.

Vietnam’s total gross domestic product (GDP) may increase by 25.4 per cent per year for 2011-17 period after calculation is revised.

The European Union (EU) began strict phytosanitary inspections on agricultural imports, including those originating from Vietnam, from September 1, according to the Plant Protection Department.

HCM City seeks public-private partnership in infrastructure developmen

Accountability will be key for all importers and all wood products. 

The country was urged to complete the land market to meet requirements and ensure development, experts said.

The General Department of Taxation (GDT) has proposed to erase VND12 trillion (US$515 million) out of total VND30 trillion irrecoverable tax debts.