Vietnam reaking news

Update news Vietnam reaking news

Creditors adjust growth forecasts

Despite expectations of stable interest rate levels this year, credit institutions have made adjustments in their forecast for capital mobilisation and credit growth in the second quarter and the year.

VN banking to get an E&S rule mandate

 The central bank is gradually introducing a raft of regulations to enforce laws that require local lenders to incorporate environmental and social risk management into their lending criteria.

Vietnam extends Euro 4 deadline

 Diesel automobiles manufacturers and importers will have to apply the Euro 4 standard from the end of December 31, 2017, as stipulated in the Notice 126/TB-VPCP dated March 10, 2017 by the Prime Minister.

Coffee sector looks for ways to adapt to climate change

 Solutions to help coffee production adapt to climate change was the focus of discussion at a workshop held in the Central Highlands province of Gia Lai on March 31.

US continues anti-dumping duty order on Vietnamese fish fillets

 The United States continues placing anti-dumping duties against imports of frozen “tra” and “basa” fish fillets from Vietnam, ranging from 0.69 – 2.39 USD per kilo.

Unsafe produce hurting exports

 Weak food safety compliance by agricultural product exporters has negatively impacted Vietnam’s exports to European markets, experts said at a trade policy forum.

FPT looks to sell trading and retail units in 2017

 FPT Corporation may complete its divestment from FPT Trading and FPT Retail sub-units in 2017, officials said at the company’s annual shareholder meeting.

VN central bank allays concerns over brief deposit rate hikes

 The fluctuations in deposit rates at the beginning of March were an anomaly and things have returned to normal now, says Deputy Prime Minister Vuong Dinh Hue.

HCM City maintains high growth rate in Q1

 HCM City reported a 7.46 percent year-on-year increase in GRDP in the first quarter compared to 7.08 percent in the same period last year.

Q1 motor vehicle imports hit record

 The General Statistics Office (GSO) has released a list of the 44 major import items in the first quarter of 2017, in which the volume and value of imported completely-built-unit (CBU) motor vehicles stood at their highest ever.

265 businesses close doors every day

 The number of enterprises completing procedures in March for dissolution stood at 744, down 20.9 per cent compared to February, according to a report of the Ministry of Planning and Investment.

Submit plans for special administrative economic zones: Deputy PM

 Deputy Prime Minister Truong Hoa Binh has asked ministries and Quang Ninh, Khanh Hoa and Kien Giang provinces to submit plans to establish special administrative economic zones in these regions.

Counterfeiting threatens legitimacy of rapidly growing markets

 The retail sector in Vietnam has been forecast to see robust growth over the next few years with much of the increased sales expected to come from online purchases at brick and mortar stores.

Vietnam has trade relations with 200 countries

Vietnam has maintained trade relations with more than 200 countries, meaning its commodities are present in almost all markets worldwide, the Ministry of Industry and Trade said. 

Clean energy – much potential, but lack pricing mechanism

 Electricity of Vietnam (EVN) has recently proposed putting forth a mechanism for auctions of renewable energy projects from 2020 onwards, to give impetus to the development of this industry.

Ly Son island to have luxury resort

 Quang Ngai Provincial People’s Committee agreed for a local investor to do a feasibility study on a resort project in Ly Son island district last week.

Q1's CPI highest in recent 3 years

 Q1's CPI highest in recent 3 years

Startups grow 11.4% in Q1

 As many as 26,478 firms have been established in the first quarter of 2017, up 11.4% over the same period last year, showed data of the General Statistics Office (GSO).

VN daily fruit and vegetable imports top $2.9 million

 Vietnam spent up to $194 million on fruit and vegetable imports between January and March 15 this year, equal to around an average $2.9 million per day.

Most beverage manufacturing facilities are unlicensed

 Only 12% of the alcohol manufacturing facilities in Vietnam meet business requirements and given permits by the Ministry of Industry and Trade.