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Starting business in the digital technology era

Today, technology can almost meet all needs of human life, opening up many opportunities for startups in artificial intelligence. To get hold of its benefits, enterprises need to arm themselves with knowledge to embrace the future.

Supervision of inspectors must be increased to avoid bribery

Vu Quoc Hung, former deputy head of the Inspection Commission of the Party Central Committee, talks to Khoa Học & Đời Sống (Science and Life) newspaper about the construction inspectors recently accused of taking bribes

BUSINESS NEWS 26/6

Deputy PM urged ministries and localities to fight against IUU fishing

Publisher fights textbook shortage

Le Hoang Hai, deputy general director of Viet Nam Education Publishing House, talks with Thanh Niên (Young People) newspaper about the printing and distribution plan for textbooks ahead of the 2019-2020 academic year.

Vietnam spends billions on auto spare part imports

Vietnam has continued spending billions of US dollars on importing auto spare parts as the local car industry failed to achieve it's localisation targets.

Rice exports face tough time amid huge global supply

With an abundant global supply and high inventory in major exporting countries, Vietnam is expected to struggle to secure exports of rice in the second half of the year, speakers said at a conference held in HCM City on Monday.

 

Foreign investors to reset Vietnam’s fintech market

The number of fintech companies have increased rapidly in Vietnam in recent years as the industry has high growth potential while the government encourages cashless transactions.

 

Russian automaker KamAZ to operate in Viet Nam next year

Russian automaker KamAZ plans to re-open its automobile assembly factory in Viet Nam by 2020, said CEO Serge Kogogin with Russia's news agency Sputnik on Sunday.

 

E-wallets’ latest converts: HCM City street vendors

From morning to early afternoon Nguyen Van Chiem in HCM City’s District 1 is bustling with food vendors selling breakfast and lunch and customers coming to eat.

 

Vietnam sends biggest ever trade promotion delegation to South Africa

A Vietnamese trade promotion delegation that includes 22 local businesses from five localities is visiting South Africa from June 21 – 29, seeking partnerships and export opportunities.

 

Korea Eximbank opens 2 billion USD credit line to PetroVietnam

The Export-Import Bank of Korea (Korea Eximbank) has said that it has agreed to open a 2 billion USD credit line to Vietnam’s PetroVietnam in a bid to help more Korean companies venture into the fast-growing economy.

 

PM requests investigation into Asanzo’s alleged faked made-in-Vietnam products

PM Nguyen Xuan Phuc has requested the Ministry of Finance and other government agencies to verify whether electronics firm Asanzo has been selling Chinese goods disguised as made-in-Vietnam, local media reported.

Vietnam posts highest-ever power consumption due to hot waves

The peak power output (Pmax) hit 38,147 MW on June 21, the highest figure recorded in Vietnam so far.

Foreign capital flows through Vietnamese banks

 As capital demands of Vietnamese firms are rising sharply, local banks are increasingly cooperating with foreign financial institutions to provide offshore loans, making the business become lucrative.

Special concert to serve children with visual impairments

A concert of Vietnamese music for visually impaired children will open next week in HCM City.

Danish film festival comes to central Vietnam

Movie buffs in the central cities of Hue and Da Nang will have a great chance to travel to Denmark through a film festival from July 4 to 11.

Vietnam’s investment arm SCIC to sell state stakes in 108 firms

The Vietnamese government’s investment arm State Capital Investment Corporation (SCIC) has announced the list of 108 state-owned enterprises (SOEs) subject to divestment in 2019, Vietnam Finance reported.

 

Renovation plans proposed for old church

The Relics Preservation Institute, after examining 134-year-old Bui Chu Church in the northern province of Nam Dinh, has proposed two possible renovation plans to the Ministry of Culture, Sports and Tourism.

Vietnam’s local currency bond market returns to upward trend in Q1

Vietnam’s local currency (LCY) bond market reached a size of VND1,193 trillion (US$51 billion) at the end of March, up a marginal 0.7% quarter-on-quarter, a reversal from the 5% quarter-on-quarter contraction in the last quarter of 2018.

 

Newcomer Bamboo Airway’s expansion stirs up Vietnam’s aviation market

That Bamboo Airways has received a green light from Vietnam’s Ministry of Transport to increase its fleet to 30 aircraft by 2030 is making the competition among domestic carriers inevitably fiercer as the airlines vie for market share.