The Vietnamese Ministry of Finance (MoF) on Wednesday said Moody's Investors Service’s decision to confirm Việt Nam’s rating at Ba3 but change the outlook to negative was inapt, given it is grounded on an isolated incidence and does not adequately recognise the Vietnamese Government’s instituted policies and procedures to ensure smooth and timely debt repayment on government guaranteed borrowings.

One of the stops was telecoms firm Mytel, a joint venture between the Viettel Military Industry and Telecoms Group and two local partners.

HCM City’s ornamental fish breeding industry is seeking to expand its overseas markets.

According to Vietnam Customs, total tax collection of the sector has so far reached VNĐ335.6 trillion (US$14.5 billion), an 11.6 per cent year-on-year increase and exceeding the target of the finance ministry.

The US’s imposition of duties of up to 456 per cent on certain steel products shipped from Việt Nam would not significantly harm the country’s steel industry, according to industry insiders.

Prime Minister Nguyễn Xuân Phúc has called on young entrepreneurs to make greater efforts to develop big firms and global brands, contributing to turning Việt Nam into a strong country.

Việt Nam needs to increase punishments to deter counterfeiting and infringement of intellectual property rights.

The dividend payout rate was 9 per cent. Every shareholder received VNĐ900 for each share they have.

Vietnamese shares extended losses for a fourth straight trading day as investors remained pessimistic about the market’s short-term outlook.