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Second-hand consumer goods flood HCM City ports

 Second-hand consumer goods have been smuggled and abandoned in HCM City.

JBAV warns about Vietnam losing cheap labour advantage

 The Japan Business Association in Vietnam (JBAV) has said Vietnam is losing its advantage of cheap labour and must focus on developing support industries and Japanese firms can help with technology transfers.

One win for Vietnam team in chess event

Vietnamese player Bao Tram defeated her Chinese rival Tan Zhongyi in the third round of FIDE Women’s Team Championship in Khanty-Mansiysk, Russia on June 19.

International markets open more widely to Vietnamese goods

VietNamNet Bridge - Vietnamese products have more opportunities than ever before to conquer the world market. 

Rapid bank credit growth makes analysts wary

 Nguyen Thi Hong, deputy governor of the State Bank of Vietnam, said as of May end bank credit had grown at 6.58 per cent in the year-to-date, an eight-year high.

Pharma FIEs allowed to trade

Eight years after the phase-in schedule for the relevant WTO commitments, Vietnam is setting forth a legal framework for foreign invested enterprises to trade in pharmaceuticals and pharmaceutical ingredients to fulfill its WTO commitments.

Real estate credit a worry for experts

 Half of consumer loans in Vietnam are mortgages or related to house repairs, which raises fears about banks’ liquidity.

Smaller banks overtake giants in profit growth

 Although commercial banks have yet to release their financial reports for the second quarter of 2017, many of them revealed their operating results in the first five or six months of 2017.

Experts call to raise USD deposit rate

 The policy of zero interest rate on USD deposits is showing some shortcomings and the State Bank of Vietnam (SBV) may need to increase it, especially in light of certain pressures on the VND/USD exchange rate.

HCM City banks create $5b link-up programme

 A banking-enterprises link-up programme in HCM City has enabled 4,138 businesses to borrow over VND124.3 trillion (US$5.5 billion) from banks in the first five months of this year, a conference heard on Friday.

Techcombank plans $231m share buyback

 The Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) on Saturday proposed that its shareholders approve a share buyback plan that will take place in 2017.

Eleven VN brands appear on Asia’s Top 1000 list

Eleven Vietnamese brands appear in the list of Asia’s Top 1000 this year, according to the annual Asia’s Top 1000 Brands survey.

Quang Ninh sign Russian-born American striker Dyachenko

 Quang Ninh Coal FC have signed Russian-born American striker Rod Dyachenko for the second leg of the national premier league season.

National plan designed to cope with radiation, nuclear incidents

PM Nguyen Xuan Phuc has issued a national plan to cope with radiation and nuclear incidents, aiming to set up a system with clear responsibility allocation.

Vinacomin requested to sell coal stockpile, cut rates

 The Vietnam National Coal Mineral Industries Group (Vinacomin) must cut costs to become competitive and find buyers for its stockpile of 9.3 million tonnes of coal, Prime Minister Nguyen Xuan Phuc’s working group said.

Foreign brands find Vietnam cosmetics market alluring

 With double-digit growth annually, Vietnam has a promising cosmetics industry for foreign firms seeking to expand overseas, experts have said.

FDI firms make almost 100% of exported cellphones, components

 Vietnam produced 34.3 billion USD worth of cellphones and components for export in 2016, 99.8 percent of which, or 34.2 billion USD, made by FDI enterprises.

Vietnamese weightlifter wins gold in junior world championships

 Lai Gia Thanh brought home one gold and two silver medals at the ongoing IWF Junior World Championships in Japan.

HCM City: Officials warn about waste in public land use

 Administration of public lands should be tightened to increase Ho Chi Minh City’s revenues, a city People’s Council meeting heard recently.

Vietnam expects to earn $3.3 billion from cashew exports

 Vietnam’s cashew processing sector aims to export 360,000 tonnes of cashews for 3.3 billion USD in 2017, a year-on-year increase of 2.8 percent in volume, according to the Vietnam Cashew Association.