Business

Vietnam, US enhance farm produce trade

Vietnam, US enhance farm produce trade

Vietnam has so far granted licences to 460 US producers of meat and meat products and 210 exporters of aquatic products, said Deputy Minister of Agriculture and Rural Development Le Quoc Doanh.

US firms eye stronger investment cooperation in Vietnam

A 40-strong business delegation from the US will launch an investment promotion programme in Vietnam from March 3-6, aiming to expand trade and investment cooperation in the Southeast Asian country, according to an official from the US-ASEAN Business Council.

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Asia-Pacific Quality Organisation launches 2020 global quality award

The Asia-Pacific Quality Organisation (APQO) has announced the official launch of the 2020 Global Performance Excellence Award (GPEA).

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Japanese businesses to invest in Vietnam’s services and retail

Services and retail are forecast to attract a large amount of Japanese direct investment into Vietnam this year.

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Lack of customers leads to train fleet reduction

Many train routes have been cut due to the falling number of customers amid the Covid-19 outbreak.

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Casinos face continuous losses in Vietnam

Vietnam was sold as a promising destination for casino investors. However, almost all casinos have faced losses which are attributed to strict policies.

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Vietjet slashes Asian route prices

Vietjet airlines has launched a special promotion offering half price fares throughout Vietnam and international destinations in Asia.

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HCM City needs about 80,000 labourers in Q1

Around 80,000 workers are needed in Ho Chi Minh City for the first quarter of this year, according to the HCM City Human Resources Forecast and Labour Market Information (FALMI) Centre.

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As many as 706 enterprises, 85 percent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.

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The Government’s foreign debts have been declining sharply and under the Government’s control, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission.

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Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen

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Vietnam had 12,327 people with USD3 million to below USD30 million in net assets by the end of 2018, up 23% over the past five years and the figure is projected to reach 15,776 people by 2023.

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Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.

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Vietnam has set a target to restrain inflation at below 4% in 2019, however, there may be challenges.

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