Vietnam must act quickly to improving production technologies in all industries to ensure the competitiveness of its goods and services in the international market, a recent seminar heard in HCM City.

Existing and future free trade agreements are expected to promote innovations in the business community to enable firms to compete not only at home, but also on international markets.

Taxi firms in the capital city are likely to slash fares after domestic petrol prices plunged to a seven-year low on February 18, but any cut would take time to implement. 

Vietnam Posts and Telecommunications Group (VNPT) is planning an expansion in equipment manufacturing, adding to its current three main operations namely infrastructure, mobile network and media services.

Lots of cow farmers in Ho Chi Minh City are struggling after their only partner has put a halt to buying their dairy products, with their predicament worsened by imported milk selling at cheaper prices.

Though experts forecast a rise in lending interest rates in 2016, a central bank official believes it is feasible to keep the rates stable and reducing it slightly this year.

The Vietnam Textile and Apparel Association (Vinatex) and non-member Hanoi Industrial Textile JSC have filed a complaint claiming that shipping lines from China, the Republic of Korea and Taiwan were ripping them off with an unfair surcharge.

VOV.VN - In 2015, the Vietnam trade deficit with China hit an all-time record high of US$32.3 billion and the effect on the nation’s economy has not been beneficial, says the Ministry of Industry and Trade (MoIT).

The Governments of Vietnam and South Africa have set to double bilateral trade value through increasing the sale of staples of their strength.

VOV.VN - Vietnam’s steel imports rose 27.24% to US$9 billion last year, while exports dipped 14% to US$2.46, pushing the import surplus to US$6.54 billion, the Vietnam Steel Association (VSA) has officially announced.