Economy

Sustainable infrastructure investments are becoming the norm and enabling stable economic and social growth in Vietnam, Nirukt Sapru, CEO, Vietnam and ASEAN & South Asia Cluster Markets at Standard Chartered Bank

The State Bank of Vietnam (SBV) plans to lower the foreign ownership rate in the payment intermediary service sector to 49 percent instead of leaving it unrestricted to avoid manipulation by foreign investors in the field.

From the beginning of 2019 to November 15, 1,774 enterprises carried out customs procedures for import and export goods at sub-department of Customs, including 552 foreign-invested enterprises and 1,222 domestic enterprises.

With favorable weather, little pests and diseases causing damage, the high price of watermelons, farmers grow watermelon in Vinh Hung district of Long An province are excited.

There is still much untapped potential for cooperation in agriculture, aquaculture and food processing between Vietnam and Cambodia.

Viettel Telecom Corporation has been named Vietnam’s Mobile Data Service Provider of the Year at the 2019 Frost & Sullivan Asia-Pacific Best Practices Awards recently held in Singapore.

Long An Market Surveillance Department informed that it has just organized the destruction of 87 bags of fake fertilizer, the trademark “Super Lan Canxi Magie”, 50kg per bag, with no use value and utility.

Regional staples are on show in Hanoi at a fair that opened at Vincom Mega Mall Royal City on November 20.

Long An Market Surveillance Department has just issued a document instructing affiliated Market Surveillance Teams to open a peak campaign for market inspection and control at the end of 2019.

The Government recently issued Decree No.86/2019/ND-CP regulating the minimum legal capital levels of foreign banks’ branches and credit institutions operating in Vietnam.

Secretary of the Provincial Party Committee, Chairman of People's Council of Long An - Pham Van Ranh led the delegation to visit and work with some economic groups and organizations in Korea.

The Department of Planning and Investment of Long An informed that the province had 205 newly established enterprises with a total capital of 2,266 billion VND in October 1919.