News
Cashew prices reach highest in a decade
The local cashew industry has seen a spike in cashew prices, marking a 10 year record high, mostly due to increasing global prices. Keep reading ...
Vietnam’s parliament to elect new president, prime minister next month
Vietnamese legislators are set to elect the country’s new prime minister in a secret ballot on April 7 during a National Assembly session. Prime Minister Nguyen Tan Dung is expected to have a speech to conclude his term on April 6 before officially stepping down from the position on ...
Vietnam's textile exporter raises nearly $6.9 million in IPO
State-controlled Gia Dinh Textile and Garment Company has sold more than 15 million shares, equivalent to a stake 24.28 percent, for over VND155.8 billion (US$6.89 million) in an initial public offering. Keep reading ...
Da Nang calls for private investment in $177m port project
Authority in the central city of Da Nang is calling on private investors to join it in expanding a local port terminal for a cost estimate of VND4 trillion (US$177 million), local media have reported. Keep reading ...
Laos, Vietnam eye bilateral trade of US$3 billion by 2020
The Lao and Vietnamese governments agreed on 16 March to increase the two countries’ bilateral import-export turnover to US$3 billion by 2020, the Vietnam News reported on 17 March. The agreement was reached during talks between Prime Minister Thongsing Thammavong and his Vietnamese counterpart Nguyen Tan Dung ...
Five Vietnamese punished for revealing police checkpoints on Facebook
Police in Hanoi have fined five people up to VND20 million (US$900) each for running Facebook pages that tell people how to avoid police officers. Keep reading ...
Japan's Aeon said to near agreement to buy Vietnam's Big C chain
Japan’s Aeon Co. is nearing an agreement to acquire French retailer Casino Guichard-Perrachon SA’s Big C grocery chain in Vietnam, people with knowledge of the matter said. Aeon has emerged as the leading bidder after submitting an offer that values the business at more than $800 ...
Vietnam police search for creator of Facebook ads for tiger, bear claws
Police in Kon Tum Province in the Central Highlands are looking for the person advertising tiger and bear claws on Facebook. Keep reading ...
Ho Chi Minh City may spend $62 million on mobile pumps to fight flooding
In its latest effort to fight worsening flooding, Ho Chi Minh City has come up with a plan to invest VND 1.4-trillion (US$61.9 million) in a response team with mobile pumps. Keep reading ...
Vietnam's bad debts decline to 2.9 percent of loans in 2015
Bad debts in Vietnam’s banking sector declined to 2.9 percent of loans at the end of 2015, from 3.7 percent a year earlier, the government’s National Financial Supervisory Commission said on March 14. Keep reading ...
