Vietnam reaking news

Update news Vietnam reaking news

ATM services must run 24/7: Bank

 Following recent complaints that several banks in Viet Nam have stopped providing ATM services at night, the State Bank of Viet Nam (SBV) has ordered all banks nationwide to provide ATM services 24/7.

Seafood exporters slam red tape

 The Government will likely ease the requirement for seafood enterprises to submit declarations of conformity with food safety regulations, officials said at a conference on Saturday.

Shake-up needed in managing State capital

 Viet Nam urgently needs an effective model for managing State capital at State-owned enterprises (SOEs) to prevent loss and corruption while promoting efficiency in using State capital.

VN macadamia growers advised to be cautious

 The planting of Macadamia trees is expected to help the Central Highlands provinces in general and Dak Lak province in particular to reduce poverty.

Thai group buys more Vinamilk shares

 F&N Dairy Investments PTE Ltd owned by Thai billionaire Charoen Sirivadhanabhakdi has registered to buy more than 14 million additional shares of Vietnam Dairy Products Joint Stock Company (Vinamilk) from May 16 to June 14.

UK mulls $1.93bn in infrastructure support for VN

 The CEO of UK Export Finance (UKEF) visited Vietnam to explore providing support of up to £1.5 billion ($1.93 billion) for infrastructure development in the country.

Preferential IDA loans for Vietnam to cease from 2017

 2017 will be the last year Vietnam receives preferential loans from IDA, an arm of the World Bank (WB), and will then be able to access loans from the International Bank for Reconstruction and Development.

ACV hit by exchange rate fluctuations once again

 The fluctuations of the Japanese Yen caused big fluctuations in the for Airport Corporation of Vietnam (ACV) in the first quarter of 2017.

Corporate debt threatens economic growth of Vietnam

 Economists have warned that elevated levels of short term corporate debt threaten the economic stability of Vietnam.

Ministers to seek clarity on trade in Hanoi

 Trade Ministers and officials from the 21 APEC member economies have begun convening in Ha Noi to alleviate uncertainty about the future of trade in the Asia-Pacific.

EU trade agreement promotes changes at industrial parks

 The EU-Vietnam Free Trade Agreement (EVFTA) will help Vietnam become the regional hub of many foreign manufacturing companies, boosting the development of industrial zones in the country.

Vietnam's sole oil refinery gears up for IPO

The Binh Son Refining and Petro Chemical Co. (BSR), the operator of Dung Quat Oil Refinery, has invited 15 domestic and foreign investors to become the company’s strategic partners.

VN Gov’t green lights $2.5b thermal plant

 POSCO Energy Co has been received in-principal approval from the Government to develop a thermal power plant that will cost approximately US$2.5 billion in central Nghe An Province.

Vietnam retail on cusp of change

 The Vietnamese retail industry is on the cusp of great change, experts say.

Building material market stable: gov’t

 The domestic building material market was stable in the first four months of the year and continued to meet demand, said the Ministry of Construction.

Vietnam’s sugar inventory reaches record high in April

 Total sugar inventory at factories and trading companies by the end of April reached a record high in the history of the local sugar industry, according to the Vietnam Sugar Cane and Sugar Association.

Vietnam, EU complete VPA negotiations on forest governance

 Vietnam and the EU on May 11 concluded six years of negotiations for a voluntary partnership agreement (VPA) on Forest Law Enforcement, Governance and Trade (FLEGT).

Insurance market abuzz with M&A

 As the trend among foreign insurance companies to acquire 100 per cent ownership over insurance companies progresses at a stable pace, the Vietnamese insurance market expects to witness several major brand name changes.

Domestic private sector barred from power market

 Currently, complicated procedures and regulations have become a barrier preventing domestic private investment from pouring into large-scale power plants.

Government orders inspections into 60 real estate firms

The Government has asked the Ministry of Finance to hand over a list of 60 enterprises, most of them State-owned, that are carrying out real estate projects to the Government Inspectorate in preparation for inspections into land management this year.