Foreign direct investment (FDI) in Vietnam surged to US$7.71 billion in the first quarter of 2017, exceeding the amount during the same period in 2016 by 91.5 per cent.
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The US Department of Commerce (DOC) has announced the establishment of a new program that will trace specific fish and fish products from harvest to entry into the US markets.
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Prospects are bright for Vietnam’s footwear exports after the EU-Vietnam Free Trade Agreement comes into force in 2018.
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Foreign direct investment (FDI) capital to Vietnam is expected to reach US$7.71 billion in the first quarter this year, double the number in the first two months and up 91.5 percent over the same period last year, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
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Vietnamese shares rose on Thursday after sliding in the previous session, driven by large-cap stocks on high investor confidence.
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Not only the issues of human resources, bad debt, profit, dividends, but also the pressure of increasing capital to cater for updated standards in line with Basel II are pushing banks to exhaustion before and after their 2017 general shareholders’ meeting (GSM).
After the Federal Reserve (Fed)’s move of increasing the key USD interest rate by 0.25 per cent up to a range of 0.75-1 per cent, the exchange rate on the domestic market is under control. However, Huynh Trung Minh, a financial and banking expert, told VIR’s Van Linh that enterprises should be proactive in exchange rate risk hedging.
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The vigorous restructuring of “zero VND” banks whose capital is believed to have fallen far below the minimum requirement of VND3 trillion ($140.6 million) is the main goal of the banking system this year. Dr Tran Du Lich, a financial and economic specialist, told VIR’s Thuy Vinh that buying out “zero VND” banks is only a temporary solution. It is time for the State Bank of Vietnam (SBV) to stop interfering with the restructuring of “zero VND” banks.
The Ministry of Industry and Trade yesterday announced that India had officially removed an early March import ban on six farm produce from Vietnam including coffee bean, bamboo and bamboo toothpick, black pepper, cinnamon, bean and dragon fruits.
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The Viet Nam Asset Management Company (VAMC) has proposed to raise its current charter capital from VND2 trillion (US$87.6 million) to VND10 trillion by 2020.
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