Việt Nam’s State Capital Investment Corporation (SCIC) signed a memorandum of understanding with the International Finance Corporation (IFC) on improving corporate governance practices during equitisation, yesterday.

The conglomerate VinGroup will sell its entire ownership in the logistics service firm Phát Lộc Express and Trading JSC (Phát Lộc Express), VinGroup said in a statement.

The State Bank of Việt Nam (SBV) this week instructed concerned agencies and organisations to keep a strict check on the use of credit cards to prevent false transactions.

Shares rebounded yesterday on the two exchanges after a two-day decline as investors took advantage of bargains on attractive valuations.

Savings at banks remained attractive to locals, with deposits of individuals in the first nine months of this year seeing a sharp surge of more than VNĐ500 trillion (US$22.02 billion).

The Prime Minister Nguyễn Xuân Phúc on Tuesday directed the Ministry of Public Security to trace the person who spread the rumour that Việt Nam would replace the current banknotes with new ones.

The Vietnam National Oil and Gas Group (PetroVietnam) on Tuesday reported its completed production of oil 29 days ahead of schedule, with the 14.02 million tonnes target achieved on December 2.

The Government will review Viet Nam’s farming products – such as seafood, rice, vegetables, pepper, coffee, cashew nuts and rubber, and Halal products for Muslim people - in order to increase exports to ASEAN member states. The review will also include building material, steel and steel products in order to promote trade activities with the bloc.

The Ministry of Finance has changed the way it calculates registration fees for new vehicles, a move expected to reduce expenses for car buyers.