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Experts advise against sharp depreciation of Vietnam dong

Several experts have suggested that the State Bank of Vietnam take efforts to stabilize the local currency rather than weakening Vietnam dong to sharpen competitiveness of local commodities, reasoning that sharp depreciation will do more harm than good for the economy. A bank teller counts U.S. dollar bills. Experts suggest the central bank take efforts ... Read More »

Bakery feels over the moon after US export deal

Kao Siêu Lực, general director of ABC Bakery, introduces the new varieties of moon cakes it will sell for the Mid-Autumn Festival next month. — VNS Photo Viet Nam News HCM CITY — The Asia Bakery and Confectionery Pte.Ent, known as ABC Bakery, has wrapped up export procedures for its first container of moon cakes (60,000 moon cakes) to be ... Read More »

Finance Ministry proposes halting exchanging land for infrastructure

The use of land, a type of public property, for payment to investors in the Build – Transfer (BT) format should be stopped until the Vietnamese government issues a new regulation. The Vietnamese Ministry of Finance (MoF) has just sent a dispatch to the other ministries and localities, proposing limiting the use of public property in return for infrastructure investments.  ... Read More »

Real estate forecast to attract most M&A deals in 2018

The real estate market is predicted to witness the most merger and acquisition (M&A) deals in 2018. A report of the Vietnam M&A Forum 2018 showed that in 2017, the sectors with the highest M&A value were consumer goods with 57 percent of the country’s total value, real estate (27 percent), finance-banking (4 percent) and chemicals (3 percent). However, in ... Read More »

City wants safe farm produce

HCM City wants to ensure all agricultural produce sold through modern distribution channels are traceable and safe for consumption. – Photo sggp.org.vn Viet Nam News HCM CITY – HCM City is seeking to improve the traceability of agricultural produce sold through both modern and traditional retail channels to improve food safety. By the end of this year it aims to ... Read More »

US-China trade war evolves into battle for power

The US-China relationship is not a story of only two countries; it also involves other countries and international institutions such the as World Trade Organisation. — Photo indiatvnews.com.  Last week, international media reported that the Trump administration was considering slapping a 25 per cent tariff on US$200 billion of imported Chinese goods, 10 per cent higher than its initial proposal, ... Read More »

Vietnam seeks to increase value of coffee products

Vietnam aims to increase value of coffee products by processing more than 25 percent of its coffee beans by 2020, according to the Processing and Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development. A farmer is harvesting coffee Specifically, the country hopes to increase the output of roasted coffee from 26,000 tonnes at present to 50,000 ... Read More »

M&A makes FDI picture shine in first seven months

A trend of steady rises in mergers and acquisitions continues to brighten up Vietnam’s foreign investment picture in the first seven months of 2018, affirming it as one of the most effective investment channels for the high-potential market. As shown in statistics released recently by the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), Vietnam attracted an estimated US$22.94 ... Read More »

More investment worries local government

Conclusions of FTAs, bilateral and multilateral alike, plus the accompanying shift of garment and textile projects from overseas to Vietnam, have become a source of concern for some local authorities as they are afraid of possible pollution, particularly in the dyeing process. Propelled by bilateral and multilateral FTAs signed recently, Vietnam is now emerging as one of the top spots ... Read More »

Power group EVN to withdraw capital from five companies

Workers of EVN Hà Nội. — VNA/VNS Photo Ngọc Hà Viet Nam News HÀ NỘI — The country’s largest power group Việt Nam Electricity (EVN) has announced it will divest from five companies in August. The group will be withdrawing from the Power Engineering Joint Stock Company, EVN Finance Joint Stock Company, Thuận Bình Wind Power Joint Stock Company (TBW), ... Read More »