Shares on the HCM Stock Exchange gained ground after a slight decrease in morning trade, following the recovery of several large-cap stocks, while continued foreign selling kept weighing on the market.

The Ministry of Industry and Trade (MoIT) will directly assess and supervise the development of the US$10.6 billion Hoa Sen Cà Ná steel making complex in the south-central province of Ninh Thuận, an official said.

Việt Nam’s biggest dairy company, Vinamilk (VNM), is seeking to buy second company in the United States as part of  its accelerating merger and acquisition (M&A) strategy, Bloomberg reported.

Many commercial banks have recently raised their deposit interest rates in an attempt to satisfy new State Bank of Việt Nam’s regulations that are due to take effect in 2017.

Thirty-four small and medium-sized businesses in District 1 received total bank loans of nearly VNĐ3.1 trillion (US$139.1 million) at preferential interest rates under the banking-enterprise linkage programme.

The southern province of Tây Ninh aims to increase economic growth and farmers’ incomes by becoming a high-tech agricultural hub for the region, according to Trần Lưu Quang, the provincial Party secretary.

Local pharmaceutical companies should improve their competitive advantage before Việt Nam signs the Trans-Pacific Partnership (TPP) Agreement in order to avoid losing their regional market share, experts said.

Đinh La Thăng, secretary of HCM City’s Party Committee, told a meeting of business leaders in Seoul last week that the city would create more favourable conditions for South Korean investors in HCM City. 

Việt Nam expects to export frozen head-on shell-on shrimp to Australia for the first time, according to an official of Việt Nam’s Ministry of Agriculture and Rural Development (MARD).

In an interview with Vietnam Ne