Business

PM requests striving for highest possible socio-economic targets in 2020

PM requests striving for highest possible socio-economic targets in 2020

Prime Minister Nguyen Xuan Phuc has asked ministries, agencies and localities to do their best to reach the highest possible socio-economic targets this year.

Chinese contractor’s USD50-million demand for Hanoi metro project turned down

The Ministry of Transport has refused a request to advance USD50 million to a Chinese general contractor for a Hanoi metro project.

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Hanoi commits to creating stable environment for Thai businesses

A Hanoi leader has pledged to create a stable environment for Thai businesses to engage in long-term investment and business operations in the city, calling for more firms from the neighbouring country to invest in Hanoi.

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Aviation industry optimistic with growing passengers

Vietnamese airlines have resumed nearly full capacity on domestic routes and are ready for international routes once the virus outbreak is curbed.

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PM targets powerful, prosperous status for southern key economic region by 2035

Prime Minister Nguyen Xuan Phuc on May 30 requested the southern key economic region to strive to become a powerful and prosperous region by 2035, ten years ahead of the deadline for the same goal for the whole Vietnam.

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Vietnamese companies seek business opportunities in Singapore

Vietnamese agricultural, fishery and food businesses were updated on the Singaporean market at an online conference held by the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (Vietrade) and the Vietnamese Trade Office in Singapore on May 29.

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HCM City prepares to receive foreign workers

The HCM City Department of Health has issued guidelines for medical surveillance of foreign experts coming from abroad as part of COVID-19 prevention efforts.

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More giant foreign firms plan to shift investment into Vietnam

Vietnam is expected to see a new foreign direct investment wave as more foreign companies plan to move investment into the country.

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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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