The fifth plenum of the 12th-tenure Party Central Committee issued thematic resolutions on perfecting institutions of the socialist-oriented market economy, and on restructuring, reforming and enhancing the efficiency of State-owned enterprises. In particular, the plenum issued Resolution 10/NQ-TW (June 2017) on developing the private economic sector into an important driving force of the socialist-oriented market economy. The resolution is said to be a drastic step in renewing the thinking on the private economic sector towards creating conditions for this sector to gain equal access to all opportunities and resources, particularly capital, land and natural resources. … [Read more...] about BUSINESS NEWS HEADLINES JAN. 21
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Air pollution may lead to 5% GDP decrease for Vietnam: foreign investors
Air quality monitor equipment at schools seeks to raise students’ awareness of pollution Students of Thanh Đa Secondary School in HCM City’s Bình Thạnh District have greater awareness of air pollution and measures to prevent it after an air quality index monitor was installed in the school a few months ago. … [Read more...] about Air pollution may lead to 5% GDP decrease for Vietnam: foreign investors
VPBank announces record pre-tax profit in 2019
Hanoi (VNA) - The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) announced a record consolidated pre-tax profit of 10.3 trillion VND in 2019 (447 million USD), exceeding 9 percent of the yearly plan and up 12.3 percent compared to 2018. With the result, VPBank has officially joined the list of the few banks with profit of over 10 trillion VND. The bank's total consolidated operating income last year reached 36.35 trillion VND (1.57 billion USD), an increase of 20.3 percent compared to the previous year. Consolidated credit growth reached 17.6 percent, higher than the average growth of the whole system. Deposit growth rate reached 23.7 percent compared to 2018, helping the bank ensure capital adequacy and expand business operations. VPBank attributed the record result to the breakthrough in the segments of consumer finance, individual customers and small and medium enterprises. Thanks to the exploitation of existing individual customer base and search for new … [Read more...] about VPBank announces record pre-tax profit in 2019
Can Tho conference to promote investment in logistics, tourism, IT
Can Tho (VNA) - The Mekong Delta city of Can Tho will be calling for investment in local logistic services, tourism, hi-tech agriculture and IT projects at its investment promotion conference slated for August 8-10. The information was released by Truong Quang Hoai Nam, Vice Chairman of the municipal People’s Committee at a meeting to review preparations for the conference on March 20. Nam underlined the significance of the event, saying that it aims to introduce the city’s socio-economic achievements and potential, as well as policies on investment attraction to domestic and international partners. The conference will be chaired by the Prime Minister, the Minister of Planning and Investment, the Secretary of the municipal Party Committee, and the Chairman of the municipal People’s Committee. It is expected to welcome 500 delegates, including 100 foreigners. A ceremony will be held in the framework of the conference to present investment scheme and investment … [Read more...] about Can Tho conference to promote investment in logistics, tourism, IT
Efforts to maintain Vietnam’s leading position in cashew export
Hanoi (VNS/VNA) – Vietnam stood out as the world’s largest cashew exporter last year but there remains many challenges ahead for the country to retain its leading position in the future. The country shipped 450,000 tonnes of cashew abroad last year, earning more than 3.6 billion USD. Vietnam also imported 1.6 million tonnes of raw cashew with a turnover of more than 2 billion USD. Pham Van Cong, Chairman of the Vietnam Cashew Association (Vinacas) told Vietnam News the consumption and export of cashew nuts undergoing deep processing, such as salted/honey roasted nuts and cashew nut candies and cookies, witnessed sharp growth. “Vietnamese cashew enterprises have also been increasingly active in the supply of raw materials, production improvement and business efficiency enhancement,” Cong said. Last year, Tan Long Group signed a contract to purchase 176,000 tonnes of Tanzanian raw cashews from the 2018 season with Tanzania's … [Read more...] about Efforts to maintain Vietnam’s leading position in cashew export
