Business

What’s left for Vietnam after US withdraws from TPP?

What’s left for Vietnam after US withdraws from TPP?

US President Donald Trump on Monday signed an executive order to withdraw the US from the Trans-Pacific Partnership agreement (TPP).

Taiwanese firm closes, leaving thousands unemployed

A Taiwanese wholly-invested company in the northern province of Quang Ninh has closed, leaving 2,274 unemployed.

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Online business registration hits new record high

As registering business online is now completely free of charge and easier than ever, the number of firms engaged in online registration is expected to reach 30 per cent of the total this year.

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VinaCapital: Banks in sights of foreign investors

One or two large foreign banks will increase their existing stakes or take on new holdings in Vietnamese banks after the relaxation of foreign ownership in domestic lenders, according to VinaCapital’s latest market commentary report.

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Regulations on virtual money due by the end of 2017

PM Nguyen Xuan Phuc has assigned the Ministry of Justice in collaboration with a number of related ministries and agencies to make a draft decree on virtual money (expected to be completed in December 2017) and a draft decree

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Tra fish exports could be hurt by false news: VASEP

Incorrect news broadcast by overseas media can hurt exports of tra fish this year, the Vietnam Association of Seafood Producers and Exporters (VASEP) has said.

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Vietnamese firms ignorant about EU FTA

Up to 69% of Vietnamese exporters to the European market said that they only heard about the EU-Vietnam Free Trade Agreement (EVFTA) and were unaware of its content.

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HCM City set to divest from 40 SOEs by year 2020

HCM City will have to divest from 40 State-owned enterprises (SOEs) between 2016 and 2020, reported cafef.vn.

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State-owned groups and enterprises have brought back VNĐ6.84 trillion (US$301 million) to the State coffer during their divestment process in 2016, according to the Finance Ministry.

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Việt Nam has postponed a US$3-billion international bond issuance plan due to unfavourable conditions in the global finance and monetary market, the finance ministry said.

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Prime Minister Nguyen Xuan Phuc and the State Bank of Vietnam (SBV) had called for the rate cuts, before the PM took part in a dialogue with enterprises in HCM City on April 29.

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The Ministry of Finance has refused a local company’s proposal to provide tax incentives on the import of 20,000 electric taxis from French car-maker Renault.

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Vietnam's public debt may quickly exceed the ceiling set at 65% of GDP, which will result in the national economy's budget risks, warned a World Bank economist.

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The Hanoi Stock Exchange (HNX) and the Vietnam Securities Depository (VSD) plan to run the first-ever derivatives market by the end of this year, said HNX on March 16.

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