Ensuring monetary security

Ensuring monetary security

NDO - The State Bank of Vietnam (SBV)'s draft circular on ranking credit institutions and branches of foreign banks has recently attracted a lot of attention from the public. The issue is considered as quite “sensitive” because thus far the ranking in Vietnam has been conducted by several international rating agencies and domestic companies instead of a public agency such as the SBV. (Sep 20, 2017)

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Investment promotion forum held in Brussels

  Sep 19, 2017
NDO/VNA – A forum on promoting the economic ties between Vietnam and Belgium and other European nations was held in Brussels, Belgium, on September 18, with the participation of more than 100 business representatives.  

Vingroup named best property developer in Vietnam by Euromoney

  Sep 19, 2017
NDO - The privately held Vingroup has been named as the best real estate developer in Vietnam in 2017 by Euromoney magazine, reclaiming the number one position from last year’s top-placed Keppel Land. 

Deputy PM greets Senior Vice President of Mitsubishi Corporation

  Sep 18, 2017
NDO - Deputy Prime Minister Trinh Dinh Dung hosted a reception in Hanoi, on September 18, for Yoshinori Katayama, Senior Vice President of Mitsubishi Corporation (Japan).  

Director of OceanBank’s Hai Phong branch prosecuted for alleged fraud

  Sep 18, 2017
NDO - Criminal charges have been brought against Trinh Thi Kim Chi, a former director of the private lender OceanBank’s Hai Phong branch, following an alleged fraud that caused total losses of VND400 billion (US$17.6 million) to its depositors. 

Petrolimex tops Forbes’ Vietnamese companies list

  Sep 18, 2017
NDO/VNA – Gas station operator Petrolimex is the firm with the highest revenue in the local stock market, according to the business magazine Forbes Vietnam. 

Da Nang conducts power outage drill in service of APEC High-level Week 2017

  Sep 17, 2017
NDO – The Da Nang authorities launched a drill from 3am to 7am on September 17 to prepare effective responses in the case of widespead power outages across the city, in service of the APEC High-level Week 2017 scheduled for November.  

Japanese firms seek investment opportunities in Vietnam

  Sep 16, 2017
NDO – Japan's Kanagawa Prefecture in collaboration with the Ministry of Planning and Investment and the embassy of Vietnam in Japan, held the Vietnam-Japan Investment Cooperation Forum on September 15, in Yokohama, Japan.  

Fruit and vegetable imports push Vietnam in deeper trade deficit with Thailand

  Sep 16, 2017
NDO - While Vietnam’s trade deficit with major economies is the result of large imports of inputs for production, the country’s trade gap with Thailand comes mainly from importing fruit and vegetables, many of which Vietnam can produce.  

EP, Vietnam strives for EVFTA ratification in next nine months

  Sep 16, 2017
NDO/VNA - The European Parliament (EP)’s Committee on International Trade (INTA) and the Vietnamese Government have agreed that they have to make concerted efforts for the ratification of the EU-Vietnam Free Trade Agreement (EVFTA) in the next eight or nine months. 

Around 600 business conditions to be cut

  Sep 16, 2017
NDO – It is expected that about 464-612 business conditions, equivalent to an estimated 38.15% to 50.3% of the total business conditions, will be cut in the near future, according to the Minister of Industry and Trade (MOIT) Tran Tuan Anh at a meeting on September 15.  

Vietnam’s car dream re-ignited as Vingroup builds manufacturing plant

  Sep 16, 2017
NDO – The giant Vietnamese property developer Vingroup has announced plans to produce its first cars in the next two years, rekindling the long-cherished dream of a local car industry which has failed to come true following numerous attempts over the past two decades.  

VASEP opposes US tariff on Vietnamese frozen Tra fish fillets

  Sep 15, 2017
NDO - The Vietnam Association of Seafood Exporters and Producers (VASEP) issued an announcement, on September 13, opposing the unfair anti-dumping tariff rate that the US Department of Commerce (DOC) has decided to impose on frozen Tra fish fillets imported from Vietnam. 

Protecting consumers in the digital economy

  Sep 15, 2017
NDO - The fourth industrial revolution, and more specifically the digital economy, has been creating tremendous development and changes, not only for the economy but also in other fields such as politics, culture, society, consumption activities, etc.  

Vietnam steps up aquaculture cooperation with Cambodia

  Sep 15, 2017
NDO/VNA – Vietnamese Deputy Minister of Foreign Affairs Vu Hong Nam suggested that Vietnam and Cambodia join hands in aquaculture when visiting Kampong Chhnang, one of the five Cambodian provinces adjacent to Tonle Sap Lake.