Risk management is now an important part of Vietnam’s financial system after some banks suffered high losses and capital deficits, and merged with other banks.

VOV.VN - Panama’s Food Safety Authority (AUPSA) has issued import permits to 17 local seafood exporters who have met all of the qualifications to ship product to the Central American country.

VOV.VN - Local companies have been swimming against the tide, trying to make headway into the lucrative Lao retail market, says the Hanoi Women Association of Small and Medium Enterprises.

VOV.VN - The Vietnam Oil and Gas Group, whose international transaction name is Petrovietnam, or PVN for short, announced on August 22 that it has signed an agreement with Total E&P Myanmar Ltd to supply oil rigs.

Artermia egg importers have complained that if they have to pay 5% import tax arrears, they will be pushed into a corner, while farmers will suffer the most.

Despite imposing additional tariffs on imported steel billets and rods, Vietnam has failed to stem the influx of imported steel, mainly from China whose suppliers are offloading products cheaply due to oversupply in their domestic market.

The construction ministry is drafting a project on management of the property market through six measures to support transparency and stability, Minister of Construction Pham Hong Ha said.

The northern mountainous province of Ha Giang will promote trade with China ’s southwestern province of Yunnan, a local official has confirmed.

Minister of Agriculture and Rural Development Nguyen Xuan Cuong has suggested developing shrimp as a national strategic product as it can contribute to agriculture growth in the rest of 2016.

Economic boundaries opening wider thanks to free trade agreements (FTAs) are forecast to expand the Vietnamese mergers and acquisitions market, although these new opportunities may come at a price.

The Ho Chi Minh City government has turned down proposed changes to the zoning plan for a section in Thu Thiem New Urban Area even though the changes would pave the way for a US$4-billion project to go up there.

After being acquired by Didi Chuxing in China, Uber may have to take similar moves in Vietnam and other Southeast Asian countries, experts have said. 

Vietnamese cosmetic producers are losing their domestic market share because of not investing in developing brands and improving packaging, a conference heard in HCM City recently.

The Vietnam Chamber of Commerce and Industry (VCCI) has asked Prime Minister Nguyen Xuan Phuc to consider the participation of Vietnam in the Extractive Industries Transparency Initiative (EITI).

Core inflation this year could increase slightly to roughly 2% from 1.7% last year, the National Financial Supervisory Commission (NFSC) forecast.

 Footwear is a big industry of Vietnam, considered a ‘foreign currency earner’ thanks to high exports every year.  

The Thai government is considering the possibility of suspending sales of rice for a short time, given fluctuating rice prices, currency volatility and uncertainty over the weather. 

A Russian expert on Asia-Pacific and the ASEAN from the Russian Institute for Strategic Studies has hailed Vietnam as an attractive market for investors and a highly competitive economy. 

A delegation from the National Chamber of Textile, Industry of Mexico (Canaintex) will make a trip to Vietnam from August 27-28 to explore the garment-textile sector.

Vietnamese businesses in supporting industries need to become more competitive to enter the global supply chain, a forum heard in Ho Chi Minh City recently.

The State Bank of Vietnam has warned people using online banking services to be vigilant since many frauds have occurred recently. 

VOV.VN - Small and medium-sized enterprises account for 97% of Vietnam’s businesses and play an increasingly important role in Vietnam’s economy.

Vietnamese investors tend to choose contractors who offer the lowest prices, so Chinese companies usually win the bids. 

The most typical reaction of Vietnamese consumers when their rights are violated is to keep silent, a Ministry of Industry and Trade-backed survey has found.

Vietnam’s sugarcane industry is struggling not only to maintain itself in the competition against imported sugar, but also to combat the negative effects of climate change.

Ambitious Vietnamese companies are overcoming challenges to bring their products to the global market

A conference held by the Foreign Ministry in Hanoi on August 19 set forth orientations and measures to further promote all-around cooperation between Vietnam and countries in the Middle East and Africa in the next ten years.

The Ministry of Agriculture and Rural Development (MARD) will no longer grant licences for seafood shipments from exporters blocked by the European Union (EU) for using banned substances in their products.

Trade revenues between Vietnam and the Eurasian Economic Union (EAEU) are expected to increase to US$10-12 billion by 2020, after a free trade agreement between the two sides takes effect in 2016.

The Nhon Trach 2 thermal power plant in the southern province of Dong Nai is expected to produce 25 billion kWh for the national grid as by September 2016, said Director of the PetroVietnam Power Nhon Trach 2 company.