Vietnam reaking news

Update news Vietnam reaking news

Can Tho’s new air route subsidy plan stirs controversy

 Authorities of the Mekong Delta city of Can Tho have offered to assist airlines in recouping potential losses from future flight routes to the city. However, the proposal has drawn the public and expert opposition.

$18.15 million disbursed for Cat Linh – Ha Dong railway project

 The China Eximbank has disbursed 18.25 million USD for the Cat Linh – Ha Dong Railway Project, said Vu Hong Phuong, Deputy Director General of the Railway Project Management Unit under the Ministry of Transport.

APEC ministers to seek clarity on trade in Hanoi

 Trade ministers and officials from the 21 APEC member economies will meet in Hanoi to alleviate uncertainty about the future of trade in the Asia-Pacific and its capacity to boost employment and living standards for all people across the region. 

Vietcombank card holder loses over US$1,300

 A man in HCM City has been defrauded of VND30 million (over US$1,300) overnight from his bank account at the Bank for Foreign Trade of Viet Nam (Vietcombank).

Mekong Capital announces investment in logistics firm

 Mekong Enterprise Fund III Ltd (MEF III) on Monday announced its fifth investment in Viet Nam.

Zalora, Robins-Fashion and Beauty merge

Viet Nam’s leading online shopping website Zalora and Robins - Fashion and Beauty chain stores, both belonging to Central Group Vietnam, have announced they will merge to give customers the best shopping experience. 

Region eyes global cashew co-operation

 Binh Phuoc Province wants to strengthen co-operation with other provinces and cities as well as foreign countries to aid its industrial development, especially its cashew processing industry, according to its leader.

Vietnamese firms mostly pleased with Gov’t support: survey

As many as 75 per cent of the enterprises surveyed by VCCI have seen the positive impact of the Government resolution on supporting and developing enterprises, according to a VCCI survey of 1,000 enterprises carried out at the end of 2016.

Homes unpossessable for foreign owners made public

The Government has ordered the relevant bodies to make public the lists of real estate projects which foreign organisations and individuals will be unable to own. 

EU-VNFree Trade Agreement to boost IP development: expert

The EU-Vietnam Free Trade Agreement will help Vietnam become the regional hub for many foreign manufacturing companies, promoting the development of industrial parks (IPs) in the country.

Business community tables proposals for Vietnamese PM

 On May 17, Prime Minister met with 1,500 representatives of Vietnamese and foreign companies in the private sector. Below are some of the proposals the companies and business associations submitted to the government before the meeting.

Agreement to boost Vietnam – EU legal timber trade

 Vietnam and the EU have just concluded negotiations for a voluntary partnership agreement (VPA) on Forest Law Enforcement, Governance and Trade (FLEGT), according to the EU delegation to Vietnam on May 16.

Vietnamese steel suffers slow growth

 Vietnamese steel production and sales growth are slowing, while construction steel consumption has decreased, the Viet Nam Steel Association (VSA) announced.

VN game industry targets US$1b in revenue

 The Vietnamese game industry is expected to earn annual revenue of US$1 billion within 10 years, according to experts.

Vietnam urged to reduce power losses

The electricity industry must improve its management and technology to reduce losses in the transmission grid as well as eradicate power stealing, which are very serious in rural and remote areas.

Wind projects offer promising future

 With growing innovation in the sector, experts and investors note that wind power projects in Vietnam will be feasible with an 8-9 US cent per kWh feed-in-tariff.

Make or break: private sector crunch time

To boost the private sector’s global competitiveness, Vietnam needs to reform its business environment.

VN logistics firms increase cross-border transport

 Amid a growing interest in Vietnam from global garment and technology companies, foreign logistics firms are expanding cross-border transport services between Vietnam, China, and other countries in the region to meet the growing demand.

Vietnam eyes tough road to fulfil 2017’s GDP growth target

Vietnam is facing tough challenges to fulfil its economic growth target for this year amidst the country is experiencing trade deficit and depending on foreign direct investment sector, held Dr. Vu Thanh Tu Anh.

Banks increase service fees

 A number of banks have recently raised their service charges, particularly for online transactions.