A rise in foreign ownership limits is needed to importantly help Vietnam speed up the local banking sector’s restructuring.
The official visit to Vietnam by Prime Minister Shinzo Abe has made headlines in Japan on January 17.
The Vietnam Rubber Group (VRG) cannot delay its plan to divest by June 2017, said Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.
VinaCapital currently has $120 million in cash and is looking to invest in private or equitised companies in 2017. Andy Ho, CEO of VinaCapital, talked to VIR’s Thu Huong about the company’s plans to use the cash and assessed the prospects of the Vietnamese stock market.
Paradise Bay Resort Co., Ltd., the developer of Alma Resort in the central province of Khanh Hoa and also the first to introduce the “vacation ownership” format in Vietnam, may be cheating customers by incorporating unclear information into contracts.
The Ministry of Finance has proposed, in a draft law, to almost triple the environmental protection tax on oil and gas consumption from the current VND3,000 (US$0.13) to VND8,000 per litre.
A Vietnamese delegation led by Prime Minister Nguyen Xuan Phuc will attend the annual World Economic Forum (WEF) 2017 in Davos, Switzerland from Tuesday to Friday.
The Ministry of Finance (MoF) on Friday delivered documents to the Ministry of Industry and Trade (MoIT) regarding the management of 877 formula milk products for children less than six years old. The Domestic Market Department under the MoIT will be responsible for managing the prices of these products.
After a period of crisis, the Vietnamese real estate market has started down a path of stable growth. Deputy Minister of Construction Do Duc Duy talked about the contributing factors to this success and the ministry’s plans to create more conducive policies to reinforce this growth.
The Vietnamese Association of Seafood Exporters and Producers (VASEP) claimed several Vietnamese seafood exporters have been cheated out of hundreds of thousands of dollars in their transactions with Echopack Inc. based in Quebec, Canada.
With a series of money-losing, state-funded industry projects in the background and the divestments of state-run firms on the horizon, Minister of Industry and Trade Tran Tuan Anh gave his outlook for the year ahead to VIR’s Phuong Thu at the sidelines of the ministry’s 2016 review meeting on January 11.