maandag 10 juni 2019

Vietnam: With more flights, Mekong Delta’s economy can prosper

With more flights, Mekong Delta's economy can prosper

Vietnamnet/VOV Seven more domestic and international air routes departing in Can Tho City have been launched since April, helping develop tourism, investment and trade for the entire Mekong Delta region. On 2 May, the first flight of AirAsia from Bangkok landed in Can Tho International Airport, opening one more air route among the routes connecting... View Article

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Investors benefit from Vietnam's new planning law

The new policies will simplify procedures, explaining that instead of 95 laws and ordinances, investors only have to relate to two legal documents regulating planning. This is a way to reduce administrative procedures and increase transparency and stability of the law.

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Over VND 11.9 trillion raised via G-bonds in May

The State Treasury of Vietnam mobilised more than VND 11.93 trillion (USD 512.99 million) through Government bond auctions on the Hanoi Stock Exchange (HNX) in May, down 5 percent against the previous month.

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Forestry product exports fetch USD 4.25 billion in five months

The export value of forestry products in the first five months of 2019 hit USD 4.25 billion, up nearly 20% year-on-year, according to the Vietnam Administration of Forestry under the Ministry of Agriculture and Rural Development (MARD).

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Central bank advocates digital banking development

VOV The State Bank of Vietnam is encouraging credit institutions to forge closer ties with fintech firms in order to develop Industry 4.0-based applications and subsequently offer more benefits to individual users and enterprises. As an unavoidable development trend for commercial banks, digital banking utilizes a combination of cutting-edge technologies in order to create better... View Article

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Streamlined policies to attract more indirect foreign capital to Vietnam's firms

Hanoitimes/VOV Though the current legal regulations allow foreign investors to fully own a local firm, it still prevents the investors from pouring funds into some conditional business lines, such as banking and aviation sectors with foreign ownership cap limited at 30%. New regulations drafted in the revised Law on Securities, which will be discussed at... View Article

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Vietnam's credit growth expands by 5.07% in five months

VNS/VOV The credit growth of Vietnamese banks in the first five months of this year expanded by 5.07% against the end of 2018, the State Bank of Vietnam (SBV) reported. The rise was lower than that of the same period last year, when the credit rose by 6.16%. Despite the moderation of credit growth, experts... View Article

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Trade authority to take flexible trade policy to support exports

VNS/VOV The Ministry of Industry and Trade (MoIT) will take the initiative in changing trade policies and collaborate with other ministries and localities to effectively support domestic enterprises to increase exports, it said. The policy flexibility is needed to ease concerns from businesses when escalating trade frictions between the United States and China and some... View Article

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[Hanoi] Midterm Vietnam Business Forum 2019

Vietnam Business Forum is an on-going policy dialogue between the Government and business community aiming at a favorable business environment and a sustainable economic development in Vietnam. The Vietnam Business Forum Consortium in collaboration with Ministry of Planning & Investment and the World Bank Group will be holding our top level policy dialogue between the Government of Vietnam... View Article

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Demand for solar power in Can Tho increases

VNS/VNA More businesses and households in the Mekong Delta city of Can Tho are installing solar panels to reduce monthly electricity costs. According to the Can Tho Power Company, more than 100 customers have installed solar panels with total capacity of nearly 1,100kWh, an increase of 40 customers compared to last year. The total output of... View Article

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Giants make inroads into Vietnam's intermediary payment service

Hanoitimes/VOV The market is open to giants with enormous financial resources to become the leaders. However, this competition itself, as well as e-commerce, is predicted to be cutthroat. The intermediary payment market is entering the next period of reshaping with a rising number of large businesses engaging in e-wallet and acquiring unprofitable startups and fintechs,... View Article

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High-quality dragon fruit varieties crucial to boosting exports

VNA/VOV Vietnam should develop quality varieties and improve cultivation techniques if the country wishes to bolster shipments of dragon fruits, experts said at a seminar held by the Ministry of Agriculture and Rural Development (MARD) and the Embassy of New Zealand in Vietnam on 5 June. According to PhD Tran Thi Oanh Yen, Deputy Head... View Article

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Government prioritises capable contractors: Deputy PM

VNA/VOV The Vietnamese Government prioritises capable and prestigious contractors for the state's transport projects, Deputy Prime Minister Trinh Dinh Dung said at the National Assembly's Q&A session on 5 June. Although the State has poured a huge amount of capital and mobilised resources to branch out transport infrastructure for bolstering the socio-economy and improving local... View Article

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Minimum charter capital for public firms at latest review

VOV The Government have submitted draft amendments to the Securities Law to the National Assembly for consideration, in which it suggests raising the charter capital of public firms. Finance Minister Dinh Tien Dung explained that under the draft amendments sent to the National Assembly (NA) on 6 June, the Government looks to tighten conditions related to initial... View Article

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WB expert deems capital accumulation as key growth driver

VOV Vietnam's economy is facing the shortage of capital and capital accumulation would therefore act as a significant growth driver for the country in the next phase of development, a World Bank economist said at a workshop held in Hanoi on 7 June. Speaking at the workshop themed "Achieving Quality Growth in the 2021-2030 period:... View Article

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National Assembly supports merger of bourses

VNS/VNA/VOV Merging the two national stock exchanges would improve efficiency and trading conditions, the 14th National Assembly heard at a meeting on 6 June. According to a draft amendment to the Law on Securities, the existence of the two exchanges in different cities had become outdated given Vietnam's efforts to take advantage of Industry 4.0 to strengthen the equity... View Article

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Vietnam prepared for different trade war scenarios: deputy PM

Vnexpress/VOV Vietnam has envisaged different scenarios for the ongoing U.S-China trade war and prepared methodic responses, the government says. Deputy Prime Minister Pham Binh Minh told the National Assembly Thursday that the trade war will increase exports of some items in the short term but lower it in the long term. Vietnam's exports to the... View Article

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A proposal for direct dialogues to solve business difficulties for investors in Ho Chi Minh City

Dear Sir/Madam, First of all, on behalf of the Investment and Trade Promotion Centre (ITPC), we would like to extend our warmest greetings to you. Business to Government Dialogue System (hereafter referred to as the System) was founded in 2002 by HCMC People's Committee, which ITPC has been in charge of as a Chief Executive. This... View Article

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