HCM City supermarkets ready for Tet rush
HCM City supermarkets ready for Tet rush

Supermarkets participating in the city’s price stabilisation programme have increased their supply of essential goods to meet demand in the run-up to Lunar New Year (Tet) holiday.

HCM City supermarkets ready for Tet rush
Jewelry firms told to be more creative
Jewelry firms told to be more creative

Deputy Prime Minister Hoang Trung Hai on January 20 praised the excellent work of individuals and groups in contributing to the development of Vietnam’s gemstones, jewelry and handicraft industry.

Jewelry firms told to be more creative
Solutions to increase consumer trust in Vietnamese goods discussed
Solutions to increase consumer trust in Vietnamese goods discussed

(VOV) - HCM City hosted a forum on January 19 discussing methods to increase consumers’ trust in Vietnamese products and services.

Solutions to increase consumer trust in Vietnamese goods discussed
Preferential tariffs – a boon for exporters
Preferential tariffs – a boon for exporters

(VOV) - Vietnam should take advantage of free trade agreements (FTAs) signed with foreign countries to achieve its set target of 10-percent export growth in 2013.

Preferential tariffs – a boon for exporters
Cash to dominate real estate market in 2013
Cash to dominate real estate market in 2013

(VOV) - Cash will dominate the real estate market in 2013, said Marc Townsend, General Director of CBRE Vietnam at a seminar in HCM City on January 15.

Cash to dominate real estate market in 2013
Bad debt settlement – key to bank restructuring
Bad debt settlement – key to bank restructuring

(VOV) - The success of the commercial bank restructuring process rests heavily on the settlement of bad debts that continue to obstruct capital mobilisation for the national economy.

Bad debt settlement – key to bank restructuring
Auto sales down by one third
Auto sales down by one third

(VOV) - The Vietnam Association of Automobile Manufacturers (VAMA) has reported 2012’s automobile sales fell by 33 percent compared to the previous year.

Auto sales down by one third
A tough year for rice exports
A tough year for rice exports

(VOV) - 2013 is forecast to be a difficult year for Vietnam’s rice exports as competition from other global rice producers such as Thailand, India, Pakistan and Myanmar intensifies.

A tough year for rice exports
Coal sector urged to settle inventories
Coal sector urged to settle inventories

(VOV) - Deputy Prime Minister Hoang Trung Hai has asked the Vietnam National Coal - Mining Industries Group (Vinacomin) to settle inventories at the beginning of the year.

Coal sector urged to settle inventories
Tet market prices under strict scrutiny
Tet market prices under strict scrutiny

(VOV) - The Ministry of Finance is keeping a close watch on market prices to forestall any illegal commodity hoarding and price hikes in the lead up to the traditional lunar New Year (Tet) festival.

Tet market prices under strict scrutiny
Vinatex turnover increases in 2012
Vinatex turnover increases in 2012

(VOV) - The Vietnam National Textile and Garment Group (Vinatex) earned US$2.6 billion from exports in 2012, a year-on-year increase of 16 percent.

Vinatex turnover increases in 2012
Boosting rice exports to Japan
Boosting rice exports to Japan

(VOV) - Japan has become a lucrative market for Vietnamese exporters as it annually needs nearly 200,000 tonnes of rice.

Boosting rice exports to Japan
Local firm wins brand lawsuit in China
Local firm wins brand lawsuit in China

(VOV) - Vietnamese dried fruit manufacturer Vinamit has won a four-year lawsuit against its former Chinese distributor who stole its brand name for the dried jackfruit chip product in China.

Local firm wins brand lawsuit in China
National reserves to reach 1.5 pct of GDP by 2020
National reserves to reach 1.5 pct of GDP by 2020

(VOV) - Prime Minister Nguyen Tan Dung has approved a development strategy aimed at raising the level of national reserves to 1.5 percent of GDP by 2020.

National reserves to reach 1.5 pct of GDP by 2020
Downtown office market heats back up
Downtown office market heats back up

A tendency for offices in HCM City to move back to the downtown area was discernible in 2012, according to leading commercial real estate services provider Cushman & Wakefield. 

Downtown office market heats back up
Manufacturing index declines in December
Manufacturing index declines in December

(VOV) - Vietnam’s Manufacturing Purchasing Managers’ Index (PMI) dropped to 49.3 in December, according to the latest report by the Hong Kong and Shanghai Banking Corporation (HSBC).

Manufacturing index declines in December
Stock market receives a boost
Stock market receives a boost

(VOV) - A plan to support the crippling stock market was submitted to the Finance Ministry on January 2.

Stock market receives a boost
Vietnam does not subsidise shrimp farming
Vietnam does not subsidise shrimp farming

(VOV) - The Vietnamese shrimp farming industry has operated according to the market mechanism for years, and it does not receive any government subsidies.

Vietnam does not subsidise shrimp farming
An uphill battle of national economy
An uphill battle of national economy

(VOV) - The Prime Minister has recently shown the government’s resolve to keep 2013’s inflation at 6 percent – a task that will entail overcoming a variety of challenges, according to Minister of Planning and Investment Bui Quang Vinh.

An uphill battle of national economy
Commercial banks’ bad debt ratio reaches 40 percent
Commercial banks’ bad debt ratio reaches 40 percent

(VOV) - National Financial Supervisory Committee Deputy Head Dr Le Xuan Nghia has said the majority of  bad debts are currently owed by select commercial banks because of inadequate emergency reserves.

Commercial banks’ bad debt ratio reaches 40 percent
Central bank targets lower bad debt ratio in 2013
Central bank targets lower bad debt ratio in 2013

The government and the entire financial and banking system have taken drastic measures to reduce bad debts while assisting businesses in overcoming difficulties, said State Bank governor Nguyen Van Binh.

Central bank targets lower bad debt ratio in 2013
Agro-forestry and aquatic exports earn US$27.5 billion
Agro-forestry and aquatic exports earn US$27.5 billion

(VOV) - The total export volume of agro-forestry and aquatic products in 2012 was estimated at US$27.5 billion, up 9.7 percent over last year, according to the Ministry of Agriculture and Rural Development.

Agro-forestry and aquatic exports earn US$27.5 billion
Two Laotian imports granted tax exemption
Two Laotian imports granted tax exemption

(VOV) - The rice and raw tobacco material commodity groups imported from Laos will be granted a zero tax rate from January 1, 2013.

Two Laotian imports granted tax exemption
Cashew exports target US$4 billion by 2015
Cashew exports target US$4 billion by 2015

(VOV) - The Vietnam Cashew Association (VINACAS) has set a 2013-2015 export target of over US$4 billion, equivalent to US$1.4-1.5 billion each year. 

Cashew exports target US$4 billion by 2015
Interest rates to ease
Interest rates to ease

(VOV) - The State Bank of Vietnam (SBV) has announced that basic interest rates will be cut by 1 percent from December 24.

Interest rates to ease
Hanoi’s December CPI rises by 0.26 percent
Hanoi’s December CPI rises by 0.26 percent

(VOV) - Hanoi’s consumer price index (CPI) increased slightly by 0.26 percent in December, up 6.29 percent compared to the same period last year.

Hanoi’s December CPI rises by 0.26 percent
Sumitomo buys 20 percent of Bao Viet’s stake from HSBC
Sumitomo buys 20 percent of Bao Viet’s stake from HSBC

(VOV) - Japan’s Sumitomo Life Insurance Company has decided to buy Bao Viet’s stake in the Vietnamese insurance market.

Sumitomo buys 20 percent of Bao Viet’s stake from HSBC
Obstacles to bad debt settlement
Obstacles to bad debt settlement

(VOV) - Economists are warning the slow progress in banking reform will increase the ratio of bad debts.

Obstacles to bad debt settlement
Japanese telecom company joins Vietnam market
Japanese telecom company joins Vietnam market

(VOV) - Global Data Services JSC (GDS), a joint venture between the NTT Com and Vietnam Posts Telecommunications (VNPT), has begun supplying domestic and international network services in Vietnam.

Japanese telecom company joins Vietnam market
Footwear, leather bag exports to fetch US$8.5 billion
Footwear, leather bag exports to fetch US$8.5 billion

(VOV) - The leather and footwear sector is trying to meet this year’s US$8.5 billion export earning target despite numerous difficulties in the market.

Footwear, leather bag exports to fetch US$8.5 billion