Vietnam deputy minister in spotlight as huge personal assets discovered

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Báo Tuổi Trẻ English 2 week(s) ago

Vietnam’s Ministry of Industry and Trade has responded to questions posed by local media over the personal assets of one of its deputy heads, which are estimated to worth no less than VND100 billion (US$4.46 million).

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Industry and Trade Ministry manages prices of 877 infant formula products

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SaiGon GP English 1 month(s) ago

The Ministry of Finance on January 13 handed over documents relating to management of 877 formula milk products for children of less than six years old to the Ministry of Industry and Trade.

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Industry-trade ministry to focus on four targets

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SaiGon GP English 1 month(s) ago

The Ministry of Industry and Trade has set four targets to help the country’s gross domestic product (GDP) expand by 6.7 percent in 2017, Minister Tran Tuan Anh said at a conference in Hanoi on January 6.

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Vietnamese firms lack understanding of ASEAN Economic Community commitments: survey

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Báo Tuổi Trẻ English 2 month(s) ago

Vietnamese businesses are aware of the regional ASEAN Economic Community (AEC) single-market initiative, but few understand its commitments, according to a survey.

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Son of beleaguered former minister resigns from board of Vietnam’s Sabeco

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Báo Tuổi Trẻ English 2 month(s) ago

The son of former Vietnamese Minister of Industry and Trade Vu Huy Hoang has asked to resign from his position as a member of the board of directors at Sabeco, the country’s leading brewer, the ministry confirmed on Sunday.

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Another company joins PetroVietnam loss-making club

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Báo Tuổi Trẻ English 2 month(s) ago

A peek into the workings of numerous subsidiaries and affiliates under the umbrella of PetroVietnam, the country’s oil and gas giant, is quick to reveal more than a few operations running at a deficit.

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Yet another Vietnamese trade ministry official disappears overseas

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Báo Tuổi Trẻ English 2 month(s) ago

An ex-vice executive of a subsidiary of state-run oil and gas giant PetroVietnam has ‘gone missing’ after traveling overseas on leave, the latest in a series of mysterious disappearances of officials in the country’s trade ministry.

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Ex-chief of loss-making Vietnamese firm fired 40 days after fleeing country

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Báo Tuổi Trẻ English 3 month(s) ago

Though Vu Dinh Duy is widely believed to be in hiding overseas, the 41-year-old ex-PVTex chief responsible for running a successful state-run enterprise into the ground was finally given the axe on Thursday.

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Vietnam industry-trade ministry to restructure as ex-leader disciplined for wrongdoings

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Báo Tuổi Trẻ English 3 month(s) ago

Vietnam’s Ministry of Industry and Trade (MIT) is poised to eliminate several internal departments by the first quarter of 2017 in an attempt to streamline ministry operations.

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Vietnamese car imports stuck in customs with ministries at odds

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Báo Tuổi Trẻ English 3 month(s) ago

Vietnamese car importers have been unable to obtain customs clearance for their shipments because of a disagreement between the Ministry of Industry and Trade and The Ministry of Transport counterpart, who refuse to see eye to eye on a set of regulations.

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Ex-chief of loss-making Vietnamese firm suddenly disappears; likely abroad

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Báo Tuổi Trẻ English 4 month(s) ago

The former general director of a Vietnamese company responsible for a US$325 million yarn mill that failed to turn a profit appears to have disappeared, prompting suspicions he has fled the country to avoid allegations of misdoings.

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Note 7 scandal leaves little impact on Vietnam’s exports: official

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Báo Tuổi Trẻ English 4 month(s) ago

The halt in production of the Galaxy Note 7 smartphones will negatively affect export turnover in Vietnam, home to multibillion-dollar Samsung mobile facilities, but the impact will be insignificant, a Ministry of Industry and Trade official said.

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Seven more companies apply for fast-track corporate restructuring

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SaiGon GP English 4 month(s) ago

Yonhap said on September 11 that seven more South Korean companies are seeking to win government approval for four cases of voluntary corporate restructuring, according to the trade ministry, in a move meant to boost their competitiveness.

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Vietnam's top brewer Sabeco wins listing approval: newspapers

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Báo Tuổi Trẻ English 5 month(s) ago

Vietnam's biggest beer producer Sabeco has won government approval to list shares on the Ho Chi Minh Stock Exchange, the nation's largest bourse, local newspapers reported on Tuesday.

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Lawmakers concern the Foreign Trade Law giving much power to trade ministry

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SaiGon GP English 5 month(s) ago

Lawmakers concern the Foreign Trade Law giving much power to trade ministry

The National Assembly Standing Committee (NASC) raised concerns over the amount of power the draft Law on Foreign Trade gives to the Industry and Trade Ministry.

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