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Top 10 public companies in 2021, affirming banking sector’s growth potential
Vietnam Report Joint Stock Company has recently announced Vietnam’s Top 10 prestigious and effective public companies in 2021 with six of them in banking and finance sectors including Vietcombank, ACB, VPBank, VIB, MBBank and Techcombank.
Vietnam's iron and steel exports to EU soar
Iron and steel exports to the European Union (EU) reached 713,000 tonnes in the first five months of this year, up five times year-on-year, reported the General Department of Customs.
Careful consideration must be given to extending foreign ownership at petrol firms
Deputy Prime Minister Le Van Thanh has asked the Ministry of Industry and Trade to give careful consideration to the proposal of extending the amount of foreign ownership at petrol and oil business to 35%.
Decree to tighten multi-level marketing rules
In the future, foreign investors who wish to register for multi-level marketing (MLM) activities in Vietnam may need three consecutive years of experience in multi-level marketing in another country.
Deposit interest rate proposed to gradually lower to 0%
The Vietnam Association of Financial Investors (VAFI) has proposed gradually lowering the VND deposit interest rate to zero percent.
VCCI proposes working group to tackle container shortages
The Vietnam Chamber of Commerce and Industry (VCCI) has proposed an inter-ministerial working group be founded to tackle the container shortages and stabilise logistics fees which have skyrocketed recently.
Seafood companies expect higher revenue on brighter prospects
Large seafood enterprises have set higher revenue and profit targets this year thanks to positive growth prospects of the seafood export market, especially the US and EU.
Incentives to be made more specific
The Ministry of Planning and Investment (MPI) has announced plans to issue more specific criteria for special investment incentives to better attract foreign direct investment (FDI).
Legal framework needed to better manage cryptocurrency market
A delay in issuing official legal regulations on managing cryptocurrencies will cause a rise in the risks of fraud and theft related to virtual assets, experts have warned.
Coffee chains still grow amid pandemic
Despite the impact of the COVID-19 pandemic, competition between coffee chains in Vietnam has become increasingly fierce with more giants trying to grab a slice of the lucrative market.