Economy
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SOEs to divest from banks on positive market outlook
Many State-owned enterprises (SOEs) are seeking to divest from commercial banks this year, as forecasts for the local stock remain positive.
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Regulations needed for new beer clubs
Beer clubs, which offer entertainment services similar to bars and discos, have been booming in many big cities. However, there are currently no regulations on managing this type of business, causing
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White-leg shrimp farming’s profits lower than tiger prawn
The cost of raising white-leg shrimp under the extensive farming pilot model is up to 13.5 million VND (590 USD) per hectare in Cuu Long (Mekong) Delta provinces, with a low profit of only 17.2 millio
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Vietnam pepper faces difficult year
2017 is forecast to be a difficult year for Vietnam’s pepper, which has seen falling prices since the end of 2016, according to the Ministry of Agriculture and Rural Development (MARD).
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Vietnamese firms pull ads from YouTube
Some major brands in Vietnam had to stop advertising on the world’s largest online video site, YouTube, when these brands’ advertisements were linked to clips containing poor content.
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Logistics sector set to contribute 8-10 pct to GDP by 2025
Vietnam’s logistics sector aims to contribute 8-10 percent to gross domestic product (GDP) by 2025, heard a conference hosted by the Ministry of Industry and Trade (MoIT) in Hanoi on March 6.
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Handicraft export value hits 1.6 billion USD yearly
The export value of Vietnam’s handicraft products has averaged 1.6 billion USD per year since 2000.
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Gov’t recommended to scrap ceiling price on milk products
The European Chamber of Commerce in Vietnam’s Nutritional Foods Group (NFG) recommended that the Government remove the price ceiling on milk products for children under six years.
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Cao Bang seized smuggled chicken from China
Customs officers of the northern mountainous province of Cao Bang on March 5 seized nearly 1,000 breeding chickens and ducks that were being illegally smuggled into the country from China.
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Ministries, localities told not to buy cars
Ministries and localities have been told not to buy cars this year unless otherwise dictated by a comprehensive review of the number of State-owned cars.
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Experts: Cashless economy target too high
The Prime Minister recently ratified a project to stimulate non-cash transactions in 2016-20 with a view to reducing the cash transactions rate to under 10 percent.
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Luxury segment dragging housing marke
The housing market is facing an oversupply of high-end developments, detracting from the market’s attraction to investors, Minister of Construction Pham Hong Ha has said at a meeting with the Prime Mi
