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Economy

Wealth inequality drags growth: experts

Wealth inequality drags growth: experts

As the world faces a crisis in wealth distribution, some experts doubt if the accumulation of capital will encourage innovation and investment, but instead, lead to multiple tax burdens and increase the gap between rich and poor.

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Saudi Arabia to temporarily suspend Vietnamese fish imports

Saudi Arabia to temporarily suspend Vietnamese fish imports

Saudi Food and Drug Authority (SFDA) has decided to temporarily suspend the import of fish and shrimps from Viet Nam.

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Banks set dates for 2018 AGMs

Banks set dates for 2018 AGMs

After gaining positive business performance last year, many banks have planned to hold annual general meetings (AGMs) for 2018 soon.

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Caution predicted on stock market before Tet

Caution predicted on stock market before Tet

Selling pressure is predicted to extend to this week’s trading, which may have negative impacts on the stock market, in the context of declining trade by foreign investors and unexpected movements in the US market.

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Survey: Young Vietnamese power online shopping

Survey: Young Vietnamese power online shopping

Online shopping has increased significantly in Vietnam, especially by young consumers, according to the High Quality Vietnamese Product Business Association.  

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ATM withdrawal fee to be lower from March

ATM withdrawal fee to be lower from March

The National Payment Corporation of Viet Nam (NAPAS) on Tuesday announced a fee reduction for its local switching system service, interconnected by more than 170,000 ATMs nationwide.

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Vietnam`s exports to US face tough time ahead

Vietnam`s exports to US face tough time ahead

Prime Minister Nguyen Xuan Phuc has asked the Ministry of Industry and Trade to double check goods exported to the US to ensure the credibility and reputation for Vietnamese products as well as exporters’ interests in the Southeast Asian nation`s largest export market.

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Experts: GDP should not include non-observed economy

Experts: GDP should not include non-observed economy

Experts have called for a second thought on a plan of the General Statistics Office (GSO) to include the non-observed economy in the calculation of Vietnam’s gross domestic product (GDP), reports Tien Phong newspaper.

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Vietnam anticipates wave of FDI from India

Vietnam anticipates wave of FDI from India

Vietnam is expecting a wave of Indian investment after the meeting between Prime Minister Nguyen Xuan Phuc and representatives of Indian firms in the framework of the ASEAN-India Senior Officials’ Meeting (SOM).

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More and more Vietnamese brands bought by foreign companies

More and more Vietnamese brands bought by foreign companies

 Many Vietnamese famous brands, one after another, are being bought by foreigners.   

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Subdivision of villas as high-end market downsizes

Subdivision of villas as high-end market downsizes

Hanoi’s high-end real estate segment is predicted to decrease in supply and see an increasing trend of subdividing villas and townhouses into smaller flats.

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HCMC aims to halve customs clearance time

HCMC aims to halve customs clearance time

The HCM City customs department aims to cut the time it takes for clearing goods by half by the end of this year, Dinh Ngoc Thang, its deputy head, told the media on the sidelines of a meeting with American businesses on Wednesday.

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How to meet 6.7% GDP growth target this year?

How to meet 6.7% GDP growth target this year?

The Government has set a target of achieving a GDP growth rate of 6.7% and consumer price index (CPI) of 4% for 2018.

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VN “King of pangasius” suffers heavy loss

VN “King of pangasius” suffers heavy loss

Hung Vuong Joint Stock Company (HVG)’s consolidated audit statement for the fiscal year 2016-2017 has reported a negative after-tax profit of VND705 billion ($31 million) instead of the VND63 billion ($2.8 million) self-reported profit figure. 

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E5 bio-fuel quality comes under scrutiny from drivers

E5 bio-fuel quality comes under scrutiny from drivers

Nearly three weeks since RON92 grade petrol was replaced with E5 bio-fuel, customers have questioned the bio fuel’s quality, Tien Phong (Vanguard) newspaper reported.

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HCMC industrial zones seek $900m

HCMC industrial zones seek $900m

The HCM City Export Processing Zones and Industrial Parks Authority (Hepza) hopes to attract new investment worth US$900 million this year.

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