Việt Nam News

Sài Gòn Railway Transport Joint Stock Company launched a luxury train from HCM City to Nha Trang on July 15.

Most of the credit growth was contributed by personal loans, which went up by more than 30 per cent compared with the end of 2016, clearly demonstrating the bank’s direction to focus on the retail segment, VIB said, adding that deposits also saw a yearly growth of 15 per cent.

The second version of BPhone, a high-end product of Bkav Technology Group and the first made-in-Vietnam high-end smartphone, is expected to be launched in August in Hà Nội.

Hòa Phát Group recorded a revenue of over VNĐ21 trillion (US$925 million) and an after-tax profit of VNĐ3.47 trillion in the first half of 2017, a year-on-year increase of 36 per cent and 14 per cent, respectively.

The Commercial Joint Stock Bank for Agriculture and Rural Development of Việt Nam, Agribank, will divest its entire capital at the Vinaconex Transportation Joint Stock Company, Vinaconex Trans., JSC.

The Ministry of Industry and Trade has issued a circular on registering and declaring prices of milk and supplement products for children under six.

Thừa Thiên-Huế Provincial People's Committee (PPC) has submitted to the Government a proposal to increase investment capital of the Lăng Cô Laguna project to US$2 billion and open a casino in the complex.

The State Bank of Việt Nam (SBV) has approved the Bank for Foreign Trade of Vietnam’s (Vietcombank) proposal to establish Vietcombank Laos Ltd. in Laos.

The State Securities Commission of Việt Nam (SSC) terminated the operations of 28 securities companies, approved the dissolution of five companies, merged eight companies and withdrew the brokerage business of 13 companies in the first half of this year.

Property developer FLC Group contributed more than VNĐ2.3 trillion (US$101.2 million) to the State budget in the 2015-16 period.

Nearly 40 businesses are expected to sell their products at more than 20 pavilions, mainly confectionary, beverages, tea and coffee, as well as packaged food, spices, fruits and garment-textiles.

The Anti-Dumping Commission of Australia (ADC) has initiated an investigation into alleged dumping of wind towers imported from Việt Nam.

Giant dairy producer Vinamilk has set a target of earning VNĐ80 trillion (US$3.51 billion) in revenue in 2021, the company’s general director Mai Kiều Liên said.

Việt Nam spent US$1.04 billion to import some 51,000 various vehicles in the first half of this year, according to statistics of the General Department of Việt Nam Customs.

Hậu Giang Pharmaceutical Joint Stock Company (DHG) plans to raise its foreign ownership ratio cap from 49 per cent to 100 per cent, DHG leaders on Thursday released in minutes of the company’s extraordinary shareholders meeting for 2017.

The forthcoming event, spread over 10,000 square metres, will host more than 200 exhibitors and showcase products from ASEAN countries.

In the first six months of 2017, Việt Nam’s Debt and Asset Trading Corporation (DATC) completed divestment of three enterprises, recovering capital worth VNĐ41.962 billion (US$1.8 million) and achieving 50 per cent of the revenue plan.

The International Fire Safety and Rescue Technology and Equipment Exhibition and Conference, or Fire Safety and Rescue Vietnam – Secutech Vietnam 2017, will be held in HCM City in August.