News

The official rice logo of Vietnam was officially announced months ago, but local rice enterprises are still not allowed to use it since there are no guidelines for doing so.

Markets concluded the week on a negative note due to poor investor sentiment and low liquidity.

The National Payment Corporation of Viet Nam (NAPAS) has announced a fee reduction for its local switching system services with an aim to encourage banks replacing their current magnetic strip ATM cards with chip cards ahead of schedule.

Whether businesses are proactive in implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will be essential in determining their success or failure, Deputy Minister of Industry and Trade (MoIT) Tran Quoc Khanh told a symposium in Ha Noi on Thursday.

Viet Nam could enjoy an additional US$162 billion to GDP in the next 20 years if the country succeeds in its digital transformation, said Deputy Minister of Planning and Investment Vu Dai Thang.

Goods and services trading continued its upward trend in the January-April period with the retail sale value increasing at the highest rate since 2015, according to the General Statistics Office (GSO).

Viet Nam’s Manufacturing Purchasing Managers’ Index (PMI) – a composite single-figure indicator of manufacturing performance – rose to a four-month high of 52.5 in April from 51.9 in March, signalling solid monthly improvement in the health of the sector.

Viet Nam’s garment and textile sector is set to expand its market share globally, taking advantage of free trade agreements (FTAs) to become “a manufacturer of the world's established brands”, a trade and investment official has said.

As many as 43,305 new enterprises with total registered capital of VND542.4 trillion (US$32.3 billion) were established in the first four months of 2019, up 4.9 per cent in number and 31.7 per cent in capital from the same period last year, according to the General Statistics Office (GSO).