News
Borrowing costs in Vietnam remain too high despite very low inflation: businesses
High borrowing costs have eroded profitability of many companies in Vietnam this year, a business group said, calling for a rate cut and better access to loans. The Vietnam Chamber of Commerce and Industry said at a meeting in Hanoi on 22 September that 60 percent of ...
Vietnam to see September inflation lowest in 15 years
Vietnam is expected to see September inflation rate lowest in the past 15 years, according to General Statistics Office on 24 September. Specifically, the country’s Consumer Price Index, the main gauge of inflation, is estimated to decrease by 0.21 percent in September compared to the previous ...
Mekong Delta farmers warned climate change to affect livelihood
If there are no reasonable solutions to adapt to climate change, Mekong River Delta residents will have to scale down their agricultural production in the near future, or go bankrupt because of lack of materials for production. The warning has been repeatedly given by experts at ...
Vietnam draft decree on sea freight transparency worries foreign shipping lines
Several foreign logistics companies have expressed concern about a proposed government decree requiring shipping companies to publicize their freight tariffs to protect exporters and importers, the media reported 21 September. Switzerland-based MSC, French-owned CMA-GM, and Singaporean-owned APL-NOL voiced their opinion through London-headquartered law firm Freshfields Bruckhaus ...
Electricity of Vietnam to sell all shares in ABBank: report
State-owned Electricity of Vietnam has announced that it will sell all of its 16.2 percent stake in An Binh Commercial Joint Stock Bank next month, news website VnEconomy reported on 22 September. Nearly 81.6 million shares will be put up for auction on 14 October, with ...
7 more bears saved from Vietnamese farms
Animal rights activists on 22 September rescued seven bears from farms in northern Vietnam in their efforts to save the animal from the local bear bile extraction industry. Members of a Hong Kong-based animal welfare group brought the bears to Vietnam’s biggest bear sanctuary at Tam Dao National ...
Heavy rains likely to lower yields in Vietnam's Mekong Delta
The paddy yields in the Mekong River Delta area of Vietnam are likely to decline by about 10-20% due to heavy rains that hit the region last week, according to local sources. Keep reading ...
Vietnam to lose $77 million of tax revenue each year due to free trade pacts
The government has estimated that it will lose around US$77 million of tax revenue annually between 2016 and 2025, when new free trade agreements take effect and eliminate a majority of import duties. Keep reading ...
Montagnards mull leaving Cambodia
With the clock ticking for Montagnards in Phnom Penh to leave the country or face forced repatriation, some of the asylum seekers have asked the UN Refugee Agency to help them return to Vietnam. Vivian Tan, a regional spokesperson for UNHCR, said “a few people” have ...
E-commerce makes great contribution to Vietnam's growth
After five years of implementation of the General Plan to Develop Electronic Commerce 2011-15, e-commerce has contributed greatly to Vietnam`s socio-economic growth. A new general plan for the next five years, to be released by the Ministry of Trade, was discussed at the seminar “Policies for ...
