News

A lack of co-operation between banks, service providers and customers is the major issue preventing the widespread use of cashless payments in Việt Nam, heard a meeting on Thursday.

The Vietnam-Russia Business Forum took place in Saint Petersburg on May 29 with the participation of 18 enterprises from Vietnam and 60 firms of Russia.

Budget carrier Jetstar Pacific announced on May 30 its new international air route linking Vietnam’s central city of Da Nang and Taiwan’s Kaohsiung city.

The Vietnam International Milk and Dairy Products Exhibition opened in HCM City on May 30 with more than 200 booths set up by local and foreign companies.

Total retail sales of goods and services in the first five months increased 11.6 per cent year-on-year to VND19.8 quadrillion (US$85 billion), according to the General Statistics Office (GSO).

While waiting for brand new changes in the upcoming Law on Public-Private Partnership, Vietnam is offering special advantages for private investors from both home and abroad to join the North-South Expressway project. Nguyen Nhat, Deputy Transport Minister, talked to VIR’s Tung Anh about the possible solutions to increasing project attractiveness.

About 54,000 new enterprises were registered in the first five months of this year, up 3.2 per cent on-year, also the highest number recorded in the period in the past five years.

Stocks in Asia traded mixed on Friday morning as Chinese economic data came in below expectations.

Vietnam’s level of influence in the Asia-Pacific region remained unchanged from last year, ahead of several Southeast Asian peers.