Business

Ministries discuss measures to boost agricultural exports to China

Ministries discuss measures to boost agricultural exports to China

Vietnam’s Ministry of Industry and Trade and Ministry of Agricultural and Rural Development on Friday held a meeting to discuss measures to increase agricultural exports to China following tightened policies from the neighbouring country.

Coffee export value drops

Despite the huge amount of exported coffee, the industry is facing various troubles and in need of an overhaul to improve coffee quality and its prices.

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Bamboo Airways raises charter capital to USD55.87 million

Bamboo Airways has officially received the Ministry of Transport’s licence for its adjusted operations, including the rise in charter capital.

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Vietnam Germany Innovation Network launched

The Vietnam Germany Innovation Network was launched in Berlin, Germany on September 14 which is expected to be a platform to connect Vietnamese and German technology experts and intellectuals.

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 APEX lists Vietnam Airlines among four-star global airlines

APEX (the Airline Passenger Experience Association), the only non-profit membership trade association dedicated to improving the entire airline passenger experience, has announced the airlines honored with four- and five-star Official Airline Ratings.

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Vietnam Airlines expands telephone check-in service

The telephone check-in service of the national flag carrier Vietnam Airlines will be applicable for passengers of domestic flights from Hanoi, starting on September 15.

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Central bank lowers interest rates, applicable since Sep. 16

The State Bank of Viet Nam has issued Decision No. 1870/QD-NHNN on reduction of official interests rates, applicable since September 16.

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Entertainment project planned to boost Cua Lo tourism

Authorities in Nghe An Province has proposed a cable car and entertainment area project to Dao Ngu Island in an attempt to boost Cua Lo's tourism.

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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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Vietnam’s public debt in 2018 was estimated to account for less than 61% of national GDP, according to an official from the Ministry of Finance.

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