Giải báo chí 70 năm ngành Công Thương

Despite credit growth among Vietnamese credit institutions remaining low this year, experts are not concerned about the slowdown, saying it was a good sign for the economy.

Prime Minister Nguyen Xuan Phuc welcomed the opening of an office of the Austrian Federal Economic Chamber (WKO) in Vietnam and urged Austrian firms to invest in the country.

The Sai Gon Safari Park has been added to the list of projects in which Ho Chi Minh City is soliciting investment, said Director of the city’s Department of Planning and Investment Le Thi Huynh Mai.

(VEN) - Small and medium enterprises (SMEs) account for 98 percent of all businesses in Vietnam, and about 60 percent of them are facing capital shortages because they cannot obtain loans from banks and investment funds. Helping them access funding is important in order to allow them to bring their potential into play.

The State Bank of Vietnam (SBV) will grant more autonomy in terms of capital mobilisation and lending to commercial banks, SBV Deputy Governor Dao Minh Tu said on May 16.
 

The Ministry of Transport (MOT) held a conference on May 17 to call for investment in a number of sections of the eastern North-South Expressway.

The Ministry of Finance (MoF) held a conference in Hanoi on May 16 to examine the one-year implementation of the Law on Management and Use of Public Assets.

(VEN) - A delegation of Malaysian automobile businesses recently came to Vietnam to look for investment opportunities.

Vietnam wants to receive support from the Japan Bank for International Cooperation (JBIC) in the developing power projects, Prime Minister Nguyen Xuan Phuc has said.

The People’s Committee of the northern province of Ha Nam on May 15 granted investment certificates to two large projects in the locality.

Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) has agreed with Minh Phu Seafood Joint Stock Company (“Minh Phu”), the world’s biggest shrimp integrator from farming to processing and sales, to acquire a 35.1 % equity interest of Minh Phu.
 

Vietnam will auction over 600 tons of coins, whose minting has been stopped for years now because of their lack of popularity.

The northern province of Bac Ninh is looking to lure more Korean investments, pledging to create the best conditions for both large corporations and small- and medium-sized enterprises to invest in the province, Chairman of the provincial People’s Committee Nguyen Tu Quynh has said.

Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has affirmed that the SBV will direct monetary policy in a proactive, flexible, and cautious manner, and in harmony with fiscal and other macro-economic policies to curb inflation, maintain macro-economic stability, and fuel economic growth.

The Mekong Delta city of Can Tho wishes to receive Canadian investments in high-tech agriculture so that local staples can meet stringent requirements in some foreign markets.
 

(VEN) - Contactless payment is becoming increasingly popular in Vietnam, in addition to contact payments and QR codes, attracting consumers with its convenience and high safety.

The People’s Committee of Hai Phong and Japanese Minato Vietnam held a groundbreaking ceremony for a complex of two apartment and commercial buildings along the Lach Tray River, Le Chan district, in Hai Phong city, on May 11.

A meeting held in Hanoi on May 10 discussed financial solutions for businesses amid the current context in which roughly 20 percent of firms in need of funding still have problems gaining access to credit.

(VEN) - Vietnam has over 1,000 investment projects in 70 countries and territories, viewing Outward Foreign Direct Investment (OFDI) as an opportunity for economic growth. In the context of global competition, however, domestic companies also face numerous difficulties and challenges when promoting OFDI.

Experts gathered at a forum in Hanoi on May 8, discussing measures to enhance tax management as e-commerce is enjoying strong growth amid the Fourth Industrial Revolution.

Chairman of Ho Chi Minh City People’s Committee Nguyen Thanh Phong has called on enterprises to invest in 210 projects worth over US$50 billion with the majority of projects in the transport area.

(VEN) - Although green building is a growing, indispensable trend worldwide, Vietnam currently has only 100 certified green buildings. Vietnam Economic News’ Ngoc Thao spoke about this with Nguyen Cong Thinh, Deputy Director of the Ministry of Construction’s Department of Science, Technology and Environment.

The customs sector’s state budget collection exceeded 120 trillion VND (5.18 billion USD) by the end of April, up 25.44 percent from the same period last year.

Prime Minister Nguyen Xuan Phuc attended a ground-breaking ceremony for a dairy farm project developed by large dairy producer TH Group in Nong Cong district, the central province of Thanh Hoa, on May 8.

To reinforce and recognize client banks that have been meticulous in their efforts in international payment services, Citi announced the winner list of the Citi Excellent Straight Through Processing Award 2018. These were awarded to 10 Vietnamese banks who had completed fund transfer transactions with a 90% or above correct ratio.

Deputy Prime Minister Vuong Dinh Hue has asked ministries, agencies and localities to accelerate public investment disbursement in line with the Government’s Resolution No.70/NQ-CP and the PM’s Directive No.09/CT-TTg.

The National Payment Corporation of Vietnam (NAPAS) has announced a fee reduction for its local switching system services with an aim to encourage banks replacing their current magnetic strip ATM cards with chip cards ahead of schedule.

The Prime Minister has released Directive 12/CT-TTg to fight loan sharks who are targeting vulnerable people.

The Truong Hai Auto Corporation (THACO) inaugurated a car manufacturing plant for luxury European brands and debuted the Peugeot Traveller model in the central province of Quang Nam on May 5.

The State Bank of Vietnam (SBV) bought 8.35 billion USD from credit institutions between the beginning of this year and April 17 to build up the nation’s foreign reserve.