Business

ADB adds two more Vietnamese banks to trade finance program

The Asian Development Bank’s (ADB) Trade Finance Program (TFP) and two Vietnamese banks - An Binh Joint-Stock Bank (ABBANK) and Tien Phong Commercial Joint-Stock Bank (TPBank) on Wednesday signed agreements enabling the program to provide guarantees of up to

JLL: Bright outlook for Hanoi and HCMC tourism

Hanoi and Ho Chi Minh City have been listed among 26 key cities in regard to hotel destinations in the Asia Pacific region, according to the latest report from JLL.

Australia may lift Vietnamese shirmp ban

Australia is considering lifting its ban on the importation of Vietnamese shrimp and uncooked shelled shrimp, which has had a negative impact on Vietnam’s shrimp exports.

Ministry admits to failure in localisation rate for car industry

Minister of Industry and Trade Tran Tuan Anh has admitted that the local car industry has failed to achieve the set localisation rate.

Vietnam stands firm with full-year growth target of 6.7%

The Vietnamese government will not revise its growth target for 2017, remaining determined to ensure the economy will grow by 6.7%, Deputy Prime Minister Truong Hoa Binh told the National Assembly on May 22.

USD190m solar power plant to be built in Thanh Hoa

Thanh Hoa Province have agreed a USD190m solar power project at a local industrial zone.

Foreign cafes’ struggle in Vietnam

Australian-owned Gloria Jean’s Coffees recently decided to close its last store in Vietnam, ending a 10-year stint in Ho Chi Minh City and Hanoi due to slow expansion, high rents and an unsuitable business model.

APEC ministers pledge free trade

Trade representatives of the 21 Pacific Rim countries, meeting this weekend in Hanoi, reaffirmed their commitment to support free and open trade and pledged to fight all forms of protectionism.

APEC trade ministers seek deeper cooperation

Trade ministers from the 21 Pacific Rim countries gathered during a major trade meeting on Saturday in Hà Nội to discuss future plans for regional trade co-operation amid growing fears of protectionism, as well as changes in politics, economies

Refreshing breeze of transparency: a list of ineligible projects

A list of all housing projects in which foreign organisations and individuals are not allowed to make purchases is being publicised by local authorities at the urgent bidding of the government.

President shows hope for stronger economic ties with China

President Tran Dai Quang hosted a reception for Chinese Minister of Commerce Zhong Shan, during which he emphasised that Vietnam attaches importance to expanding and improving the effectiveness of economic, trade and investment cooperation with China.

EU to inspect Vietnam seafood exporters

The European Union (EU) will send a delegation to Vietnam in June to inspect the country’s food safety control system for seafood products exported to the EU.

Hanoi chairman promises to cut down on cumbersome procedures

Hanoi chairman Nguyen Duc Chung has said that local enterprises can refuse unnecessary inspections by authorities during a meeting with businesses on May 19.

African countries seek cooperation with Vietnamese enterprises.

African countries are looking to cooperate with Vietnamese enterprises, H.E. João Manuel Bernado, Ambassador of The Republic of Angola in Vietnam, told a press conference on May 19 to promote Africa Day on May 25.

Vietnam, U.S. promote trade and investment ties

The Vietnam Chamber of Commerce and Industry (VCCI), the American Chamber of Commerce (AmCham) jointly hosted a conference on future trade and investment relations between Vietnam and the U.S.

Fitch revises outlook for Vietnam to positive

Fitch Ratings has revised its outlook on Vietnam’s long-term foreign and local currency issuer default ratings (IDR) to Positive from Stable and affirmed the ratings at "BB-."

Proposal to make alcohol firms pay health tax

It has been proposed that companies which produce and import alcohol and beer products should pay VND360 billion (USD16.36 million) annually for health services.

Ministers of 11 TPP member countries to meet in Hanoi

Ministers from 11 countries joining the Trans-Pacific Partnership (TPP) are scheduled to gather in Hanoi on May 21, with Japan pushing for the free trade pact to be put into force as soon as possible without the US.

Crocodile breeders face huge losses amid falling prices

Crocodile farmers in the southern region of Vietnam are suffering from heavy losses in the context of excessive supply but weak demand, resulting in a record low price.

Vietnam, EU complete negotiations to boost legal timber trade

Vietnam and the EU have concluded negotiations on a Voluntary Partnership Agreement on Forest Law Enforcement, Governance and Trade, with an aim to promote trade in verified legal timber products from Vietnam to the EU and other markets.

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