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Ministries tighten scrap import management

The Ministry of Natural Resource and Environment has officially established an inspection team to look into scrap imports. The move follows a decision made by Prime Minister Nguyen Xuaân Phuc on July 18. Viet Nam has a demand for scrap as material for production, but it only benefits the processors, not the environment. A large ... Read More »

BUSINESS NEWS IN BRIEF 17/8

Masan takes full ownership of tungsten processing facility Masan Resources Corporation (UPCoM: MSR), one of the world’s largest integrated industrial tungsten mineral and chemical producers, announced that Nui Phao Mining Company Ltd. (NPMC), a wholly-owned subsidiary of the company, has acquired H.C.Starck GmBH’s (HCS) 49 per cent stake in Nui Phao-H.C.Starck Tungsten Chemicals Manufacturing LLC (NHTCM) for the total cash ... Read More »

Vietnamese steel sector caught in US-China trade war

The VSA’s chairman has suggested domestic firms invest in technological advances and improve governance capacity to increase competitiveness. — Photo ndh.vn Viet Nam News HÀ NỘI — Improving material supplies and proof of product origin were ways to limit the impact of trade lawsuits amid the growing US–China trade war, according to insiders. The Ministry of Industry and Trade forecast ... Read More »

Certificates of origin go digital

Vietnam has expanded the exchange of electronic certificate of origin (e-C/O) to aid trade activities. Vietnam has expanded the exchange of electronic certificate of origin (e-C/O) to aid trade activities. (Photo: baocongthuong.vn) Vietnam joined the ASEAN Single Window (ASW) and exchanged the e-C/O Form D on January 1 this year. According to the General Department of Vietnam Customs, by the ... Read More »

VN-Index rebounds on large caps

An investor watches share prices on VNDirect Securities Co’s trading floor. — VNS Photo Trương Vị Viet Nam News HÀ NỘI — Shares on the HCM Stock Exchange rebounded in the last trading minutes on Thursday, propped up by the recovery of heavyweight stocks. The benchmark VN-Index sank into the red for most of the morning and early afternoon session. ... Read More »

VASEP rejects false news on tra fish in Romania

The Vietnam Association of Seafood Exporters and Producers (VASEP) on August 15 published an article on its website saying inaccurate information about Vietnamese tra fish on several Romanian websites could affect Vietnam’s tra fish exports to this market. Tra fish processing for export  VASEP named several websites that published false news on Vietnamese fish such as realitate.net, ziuanews.ro, bzi.no, adevarul.ro, ... Read More »

Moody’s upgrades ratings of 14 Vietnamese banks

Moody’s Investors Service has taken rating actions on 14 Vietnamese commercial banks in its latest report issued on August 14. Moody’s has lifted the long-term local and foreign-currency deposit and issuer ratings of the Bank for Foreign Trade of Vietnam (Vietcombank).  Moody’s has lifted the long-term local and foreign-currency deposit and issuer ratings of the Bank for Foreign Trade of ... Read More »

Growth of exports to China slows down

The export of Vietnamese goods to China has slowed down after two years of spectacular growth. — Photo vnmedia.vn Viet Nam News HÀ NỘI — Vietnamese exports to China have slowed down after two years of spectacular growth, due to changes in the strategies of foreign-invested enterprises and Chinese demand, according to Saigon Securities Incorporation (SSI). During the first half of ... Read More »

Indirect investment aims at Vietnamese real estate

Singaporean indirect investments into promising Vietnamese sectors currently exclude the local finance and banking sectors while others including real estate are seeing prospects. Falling in love with the real estate sector In addition to its role as the third-largest foreign direct investor in Vietnam, Singapore has reportedly also invested a large sum of money through an indirect route into the ... Read More »

Masan buys tungsten facility

The Núi Pháo plant of the Núi Pháo – H.C.Starck Tungsten Chemicals Manufacturing LLC. The Vietnamese company is now fully owned by the Núi Pháo Mining Company, a subsidiary of one of the world’s largest tungsten producers, Masan Resources Corporation. — Photo Courtesy of Massan Viet Nam News HCM CITY — Núi Pháo Mining Company Ltd has acquired Germany-based H.C.Starck ... Read More »