Craftsmen, experts, traders and designers of silk from China, Japan, India, Myanmar, France, Laos, Cambodia, Thailand and seven traditional silk villages in Vietnam joined together on March 28 in the first Vietnam-Asia Silk Culture Festival at Hoi An Silk Village.

Da Nang plans to turn Lien Chieu Port into a major cargo port in the central region and the East-West Economic Corridor No 2 connecting Thailand, Myanmar, Laos and Vietnam with total investment of VND3 trillion (US$133.3 million).

The circular limiting subprime loans for securities trading will make the local market healthier, said Do Bao Ngoc, a senior stock expert from MBS securities company.

The International Budget Partnership (IBP)’s survey on the Open Budget Index 2015 (OBI 2015) revealed that Vietnam has seen significant changes in publicising the country’s coffers with five out of eight key budget documents unveiled, heard a conference held in Ho Chi Minh City on March 28.

Domestic business groups, corporations and enterprises should focus on intensive industrial development to create industrial products with a national brand and high competitiveness on the world market.

Experts are concerned about new non-performing loans rising significantly while the Vietnam Asset Management Company (VAMC) still has to devise radical measures to resolve bad debts acquired from banks.

The south central province of Binh Thuan has issued a temporary ban on the exploitation of mollusc and bivalve across its sea waters from April 1 to July 31 with a view to restoring the marine resources. 

Deputy Prime Minister Vu Duc Dam suggested the industry ministries of Vietnam and Cambodia boost links to support both countries’ businesses in the industry and investment fields. 

Vietnamese agencies are considering allowing the import of Chinese poultry meat. The inews has been published on the Ministry of Agriculture and Rural Development’s (MARD) Department of Animal Health’s website.

PetroVietnam Power Corporation (PV Power) and IT service provider APZON has recently held a signing ceremony to celebrate the commencement of their project.