Vietcombank expects to invest between VNĐ2 trillion (US$89.5 million) to VNĐ3 trillion in urban bonds issued by HCM City, the bank’s chairman, Nghiêm Xuân Thành, said on August 22.

Việt Nam is likely to intensify scrutiny of income tax paid by foreign workers, a seminar heard in HCM City yesterday.

Indian and Vietnamese gem and jewellery companies, which met yesterday at an event organised by the Indian consulate in HCM City, agreed there is much potential for bilateral co-operation.

BRG Group will become the owner of Century Riverside Hotel Hue, one of the biggest hotels in Huế City, through holding of a 74-per-cent stake in Hue Investment and Tourism Ltd Co after the company’s equitisation.

The Ministry of Industry and Trade (MoIT) said it will abrogate its circular on supplementary procedures for importers of passenger cars with nine seats or less, as soon as the Ministry of Transport issues regulations with similar effect for road vehicles.

Vietnamese shares struggled to rise yesterday on late buying while foreign investors remained net sellers on fears of a US interest rate hike in September.

Eggs, both fresh and processed, such as salted eggs and balut, are no longer required to undergo quarantine as of mid-August if they are sold in the domestic market. Quarantine is still required for eggs being exported.

The northern Quảng Ninh Province will continue to take numerous measures to facilitate local enterprises, Chairman of the provincial People’s Committee Nguyễn Đức Long said at a conference yesterday.

Thuận Phong Agricultural Product Processing Co Ltd yesterday launched a factory to process and freeze fruits and vegetables in Giao Long Commune in Bến Tre Province’s Châu Thành District.