The file photo shows Vietnamese Ambassador to Russia Nguyen Thanh Son posing for photo with a press delegation from HCMC who have recently visited Russia (Photo: SGGP)

Vietnam should invest in breeding, food processing in Russia

Vietnamese businesses should pay attention to investing in livestock and chicken breeding; milk, food and seafood processing; production of consumer goods such as footwear, apparel and wooden items, Vietnamese Ambassador to Russia Nguyen Thanh Son told Sai Gon Giai Phong Newspaper in an interview.
Long boat race is held annually in Kien Giang attracting more visitors-Photo: VNS

Kien Giang lures 286 investment projects in tourism sector

The Mekong Delta Province of Kien Giang People’s Committee yesterday said the province has attracted 286 investment projects in tourism sector with total investment capital of up to VND 332,6trillion.

People line up on the opening of the first 7-Eleven store in Ho Chi Minh City (Photo:

First 7-Eleven store opens in HCM City

7-Eleven Inc opened its first convenience store in Vietnam on June 15, the first among 20 stores it plans to open in HCM City this year.
The old woman receives social insurance premium at an agency in HCMC (Photo: SGGP)

Social insurance premium should be reduced for businesses: NA official

Mr. Bui Sy Loi, deputy chairman of the National Assembly’s Social Affairs Committee, yesterday proposed the Vietnam General Confederation of Labor and Vietnam Social Insurance Agency to gradually reduce the payment ratio of social insurance premium for businesses.
 Employees of LG Electronics Vietnam, a Korean-invested firm, operate a production line at the firm's factory in Hanoi. (Photo: VNA/VNS)

VN targets parity between FDI, domestic firms

The need to bring about some degree of parity between foreign-invested and domestic firms while fostering increased linkages was highlighted at the Vietnam Business Forum held yesterday in Hanoi.
US dollar deposit rate increase will help banks attract foreign currency, according to experts (Photo: SGGP)

US dollar deposit rate should be increased: experts

The State Bank of Vietnam (SBV) should increase US dollar reward rates, kept at 0 percent for the last one year, to suit world market changes, attract foreign currency for economic development and prevent the source from running abroad.
The steel market recovered in May (Photo: SGGP)

Steel market growth rebounds

The steel market showed signs of recovery in May with production and consumption higher than the previous month and the same period last year, reported Vietnam Steel Association (VSA).
A customer choose cosmetics at a shop in Cach Mang Thang Tam street, HCMC (Photo: SGGP)

Vietnam consumes $2 billion cosmetics a year

The Vietnamese market consumes about US$2 billion of cosmetics per year, reported deputy chairman of Vietnam Association of Oil, Aromas and Cosmetics Nguyen Van Minh.
An auto shop in HCMC on June 12 (Photo: SGGP)

Automobiles unsalable despite price reduction

Although automobile prices have reduced 15-20 percent, many auto shops have seen unsaleable situation as customers have seemed to wait for import tariff cut to zero percent next year.