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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.

 

Binh Tri Thien golf open to tee off

The Binh Tri Thien Golf Open will tee off on Sunday at the FLC Quang Binh Golf Links in the central province of Quang Bình.

Concert to pay tribute to composer Nguyen Van Thuong

A concert reviewing the legacy of prominent composer Nguyen Van Thuong (1919-2002) will take place tomorrow in Hanoi to mark his 100th birthday.

 

Hue holds vegetarian food festival over weekend

The former royal capital city of Hue is holding a vegetarian food festival to promote the finest cuisine in the area.

 

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.

 

Embassy Day promotes Vietnam-Germany cooperation in innovation, startups

Recommendations to promote innovation and the startup ecosystem in Vietnam were highlighted at a workshop held by the Vietnamese Embassy in Germany on May 15.

 

PM Nguyen Xuan Phuc to visit Russia, Norway, Sweden

Prime Minister Nguyen Xuan Phuc and his spouse will pay official visits to Russia from May 20-23, Norway from May 24-26, and Sweden from May 26-28.

 

Lao ministry celebrates Dien Bien Phu Victory

The Dien Bien Phu Victory which ended the French colonial rule in Vietnam (May 7, 1954) was celebrated at a conference held by the Lao Ministry of Industry and Commerce in Vientiane on May 16.

 

Austrian Embassy opens Trade Office in HCM City

The Trade Office of the Austrian Embassy made its debut in Ho Chi Minh on May 16, expected to help connect business communities of Vietnam and Austria in the future.

 

President Ho Chi Minh’s 129th birthday marked in Egypt

The Vietnamese Embassy in Egypt on May 16 held a ceremony to mark the 129th birthday of President Ho Chi Minh (May 19).

 

President Ho Chi Minh’s special testament

There is a special testament in Vietnam which is a guideline for the country’s development. It’s President Ho Chi Minh’s testament.

 

Book on Vietnam-Egypt ties debuts in Arabic language

A book on the 55th anniversary of the Vietnam-Egypt friendship in the Arabic language was launched at a ceremony held at the Embassy of Vietnam in Egypt 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.

 

Outstanding scientific researches honoured with Tran Dai Nghia Award

Four outstanding scientific researches with high applicability were honoured with the Tran Dai Nghia Award by the Vietnam Academy of Science and Technology (VAST) at a ceremony in Hanoi on May 17.

 

Prime Minister asks Brazil to open market wider for Vietnam’s farm produce

PM Nguyen Xuan Phuc asked Brazil to facilitate the entry of Vietnamese farm produceduring a reception for Brazilian Minister of Agriculture, Livestock and Food Supply Terresa Cristina Correa in Hanoi on May 17.