Business

PM praises WB, IMF’s support for Vietnam’s development

The Vietnamese Government appreciates consultations of the World Bank and the International Monetary Fund (IMF) on the management of the macro-economic policy in Vietnam, helping the country maintain macro-economic stability and low inflation rate, Prime Minister Nguyen Xuan Phuc

Viettel opens its 10th international mobile network in Myanmar

The Vietnamese military run telecom Viettel Corporation officially launched its 10th international mobile network in Myanmar, under the brand name of Mytel, on June 9.

Dragon fruit dominates Vietnam fruit exports

Dragon fruit has dominated Vietnamese fruit exports in the first four months of 2018 with total exports reaching USD427 million, a year-on-year increase of 9%.

Main causes of building disputes identified

The Ministry of Construction has pointed out five major causes of disputes between investors and customers at apartment buildings.

Vietnam Airlines increases pilot salaries

National carrier Vietnam Airlines have raised salaries for the firm’s pilots from June 1 with rises depending on different kinds of airplanes.

EVN receives first credit rating from Fitch

Electricity of Vietnam (EVN) is one step closer to issuing US dollar bonds and strengthening its financing capacity following an endorsement from Fitch Ratings of its credit profile.

Japan confirms its economy shrank after two years of growth

Japan's economy slid into negative territory for the first time in two years at the beginning of the year, official data showed Friday, confirming preliminary figures issued last month.

WB: 2018 growth at 6.8%, 2019 6.5%

Growth in Vietnam remains robust but high capacity-use rates may limit further expansion, according to the World Bank’s “Global Economic Prospects: East Asia and Pacific - The Turning of the Tide?” report.

Forbes Vietnam announces top 50 firms

Forbes Vietnam has announced Vietnam’s 50 top listed companies for 2018, which account for 70.8 percent of total market capitalisation on the HCM and Hanoi stock exchanges.

120-year-old liquor company to debut shares

Ha Noi Liquor Joint Stock Company (Halico) will start its first trading day on the Unlisted Public Company Market on June 8, Ha Noi Stock Exchange announced.

MoF targets bitcoin machines

The Ministry of Finance (MoF) has proposed to temporarily halt the import of bitcoin mining machines to improve the management of bitcoin and cryptocurrency transactions.

Import of low-priced Chinese cars on the rise

The import of low-priced Chinese cars into Vietnam has tended to be on the sharp rise.

US to crack down on illegal shrimp imports

The US National Oceanic Atmospheric Administration (NOAA) has confirmed that foreign shrimp and abalone will be added to the Seafood Import Monitoring Program (SIMP) beginning on January 1, 2019.

Vietnam jumps ahead of Myanmar to lead ASEAN PMI rankings

Vietnam has overtaken Myanmar to lead the ASEAN manufacturing PMI rankings, as growth in its manufacturing sector picked up in May.

Local plastics companies targeted for takeovers

A subsidiary of Thai conglomerate the Siam Cement Group registered to purchase an additional 818,609 shares in the Binh Minh Plastic JSC, one of Vietnam’s leading plastics firms. If successful, Saraburi would increase its holding in BMP to 50.89

Domestic fertiliser struggles to compete

Since 2015, amendments to the tax laws have been causing negative impacts on domestic production, particularly of fertiliser.

Vietnam sees strong development in co-working space: CBRE

Vietnam has seen strong development in co-working spaces in recent years, and the growth will be higher in future, according to CBRE Vietnam, a foreign property consulting company.

PM asks for measures to curb inflation below 4 pct this year

Prime Minister Nguyen Xuan Phuc directed not increasing electricity prices this year, as one of measures to control inflation below 4 percent as assigned by the National Assembly, during a monthly government meeting in Hanoi on June 2.