Việt Nam International Commercial Joint Stock Bank (VIB) will buy back treasury stocks not exceeding 10.1 per cent of its current charter capital and cancel the plan to increase charter capital.

The State Bank of Việt Nam has issued a circular to replace Circular 18/21014/TT-NHNN, regarding the import of equipment and materials for printing money.

Vietnamese shares went through a rough trading week with rising investor caution. However, the market is expected to move up this week when listed companies announce third-quarter earnings.

A pepper glut in the Central Highlands as more and more farmers switched to the crop lured by the earlier high profits from the spice has caused prices to collapse and threatens to bankrupt many of them.

As part of a global trend, cooperation between commercial banks and insurance companies to supply banks’ clients with insurance policies through the banking system has been positively promoted by the banking system themselves, thus creating a new sales channel for insurance policies in a professional, convenient and reliable manner.

The Prime Minister recently issued a decision outlining solutions for loss-making projects under the management of the Ministry of Industry and Trade. The aim is to turn them into efficient projects by 2020, at the latest, or let them be dissolved.

The export of wood and timber products is forecast to bring in US$8 billion in 2017, posting a 17 per cent year-on-year increase and surpassing the target of $7-7.5 billion set earlier this year.

Forbes updated the net worth of Phạm Nhật Vượng, founder and chairman of Vingroup, one of Việt Nam’s largest conglomerates, at US$3.4 billion as of Tuesday.

Vietnamese telecom operators reported a big gain in the first nine months of this year.