Stock data has revealed that 40 per cent of shares listed on the local bourses are traded below book value, with local securities experts suggesting that bad investor relations (IR) was the leading cause.

Metal mining business Masan Resources, a member of consumer goods producer Masan Group, has recorded revenue of VNĐ806 billion (US$35.8 million) in the first quarter of the year.

Prime Minister Nguyễn Xuân Phúc said the Vietnamese Government and authorities of northern Hải Phòng City would make best effort to play its role of setting up development, unbinding difficulties and creating favourable conditions for the Republic of Korea’s LG Corporation to boost business in Việt Nam.

The Ministry of Information and Communications has been working with the Ministry of Public Security to investigate violations by gaming companies.

The Nikkei manufacturing PMI (Purchasing Managers Index) of Việt Nam has bounced back strongly, jumping to a nine-month high of 52.3 in April from a previous 50.7, in contrast to weaker PMIs for the rest of the region, according to the monthly "Vietnam at a glance" report from HSBC.

The State Bank of Việt Nam will strictly tackle credit institutions which violate regulations on interest rates, said an official from the central bank.

Vietnamese shares were mixed for a third day on the two local exchanges yesterday, while blue chips continued to attract foreign investors with positive quarterly performances.

Realty developer Vingroup (VIC) announced consolidated sales of over VNĐ15 trillion (US$671 million) in Q1 of this year, double last year’s sales in the same time period.

The domestic retail price of petroleum increased by VNĐ646 to touch VNĐ15,586 ( 69 US cents) per litre on May 5, the Ministry of Industry and Trade (MoIT) said.