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Vietnam longs for investments from the US, EU

VietNamNet Bridge – Investments from the US and EU bring modern technologies and high economic efficiency as their projects are in the fields of renewable energy, IT, education, healthcare, service, finance & banking, transport and tourism. Vietnam longs for investments from the US, EU Vietnam has been integrating more deeply into the global economy with ... Read More »

Stocks experiences a volatile trading week

Investors monitor stock movements at International Royal Securities Co. (IRS) in Hà Nội. — VNA/VNS Photo Tuấn Anh Viet Nam News HÀ NỘI — Vietnamese stocks experienced a volatile week with three deep bearish trading sessions among low overall liquidity due to massive sell-offs by foreign investors. The benchmark VN Index on the HCM Stock Exchange increased by 1.42 per ... Read More »

Positive outlook forecast for Vietnam’s economy in 2018

The outlook for Vietnam’s economic growth in 2018 is quite bright thanks to positive economic performance in the first quarter, said Tran Quoc Phuong, Director of the Ministry of Planning and Investment’s National Economic Issues Department.  However, many experts said Vietnam’s economic growth in the first months of 2018 was high but not sustainable due to the dependence on the ... Read More »

Ministry proposes tougher bitcoin regulations

The Ministry of Finance (MoF) has proposed to temporarily halt the import of bitcoin mining machines to improve the management of bitcoin and cryptocurrency transactions. According to the ministry’s report to the Government on cryptocurrency management, the bitcoin mining machine has not been mentioned in the list of forbidden imported goods, which has made it easy for businesses to import ... Read More »

HCM City seeks to improve growth quality, economic competitiveness

Experts proposed a number of measures to improve the quality of growth and competitiveness of the economy in Ho Chi Minh City at a seminar on June 23. According to Professor, PhD Nguyen Trong Hoai, Vice President of the University of Economics, said the southern metropolis should promote effective and innovative economic models while targeting long-term goals by making efficient ... Read More »

UnionPay International, VNPAY cooperate in QR code payment

UnionPay International (UPI), a subsidiary of China UnionPay, said on June 21 that it has signed a cooperation agreement on payment by QR code with Vietnam Payment Solution Joint Stock Company (VNPAY) – the biggest QR code payment firm in Vietnam. Under the agreement, UnionPay International will enable 30,000 Vietnamese merchants to accept UnionPay QR code payment before November 2018. ... Read More »

US steel producers request probe into Vietnamese products

Some US steel producers have lodged a request to the Department of Commerce (DOC) to ask for investigations into and application of preventive measures against the avoidance of paying anti-dumping tax and anti-subsidy tax on corrosion-resistant carbon steel imported from Vietnam. According to Vietnam’s Ministry of Industry and Trade, the US firms clarified their suspicion that corrosion-resistant carbon steel produced ... Read More »

HIGG index to boost VN textiles

The Viet Nam Textile and Apparel Association, Sustainable Apparel Coalition (SAC) and TAL Group have decided to introduce the application of HIGG index in the textile and garment industry. The Viet Nam Textile and Apparel Association, Sustainable Apparel Coalition (SAC) and TAL Group have decided to introduce the application of HIGG index in the textile and garment industry.— Photo ... Read More »

To settle disputes, many businesses use ‘gangland’ rules

VietNamNet Bridge – Four percent of businesses use ‘other informal modes to settle disputes, according to the Vietnam International Arbitration Center (VIAC). The disputes between foreign invested enterprises (FIEs) are estimated to account for 20 percent of total disputes, while the disputes between FIEs and Vietnamese account for 40 percent, of which 41 percent are in merchandise trade, construction and ... Read More »