Vietnamese goods week at Co.opmart

“A week of Vietnamese businesses’ products at Co.opmart” programme has opened at Co.opmart Huỳnh Tấn Phát in HCM City’s District 7.

Shares rebound, liquidity hits low

Liquidity continued to drain with a total of 131 million shares worth VNĐ2.4 trillion (more than US$101 million) traded in the two markets

Rubber group urged to boost revenue from wood processing

Việt Nam Rubber Group must strive to increase its annual revenue to reach US$10 billion, given its advantage of owning more than 400,000 hectares of agricultural and forestry land, Deputy Prime Minister Vương Đình Huệ said at a meeting with the group on Thursday.

PG Bank targets over $9m pre-tax profit this year

Petrolimex Group Commercial Joint Stock Bank (PG Bank) targets pre-tax profit of VNĐ211 billion (US$9.06 million) in 2019 and total assets to reach nearly VNĐ32.74 trillion by December 31, 2019, a year-on-year increase of 9 per cent.

PV Gas reports 16% increase in Q1 profit

PetroVietnam Gas Corporation (PV Gas) has announced its post-tax profit in the first quarter was up 16 per cent year on year to VNĐ3.03 trillion (US$130.2 million).

Cargo via Vietnamese seaports increases in Q1

Over 128.4 million tonnes of cargo were handled through Việt Nam’s seaports in the first quarter of this year, up 7 per cent annually, according to the Việt Nam Maritime Administration (VMA).

FPT & SBI Holdings invest $3m in blockchain startup

FPT Corporation and Tokyo-based SBI Holdings Inc this week signed a memorandum of understanding (MoU) to invest US$3 million into joint venture Utop, a Vietnamese startup that bridges loyalty point programmes among merchants.

VPBank officially applies Basel II

VPBank on Wednesday was officially given approval from the State Bank of Việt Nam to apply Basel II, becoming one of the first banks in Việt Nam to meet the standards.

Sacombank assists rice production, trading with loans

As of the end of last year outstanding loans in agricultural and rural areas around the country increased by 21.4 per cent from a year earlier, Nguyễn Quốc Hùng, director of the State Bank of Vietnam’s credit department, said.

VNDirect sees post-tax profit up 31% in 2019

VNDirect Securities Corporation (VNDS) expects its post-tax profit to grow 31 per cent year on year in 2019 to VNĐ487 billion (US$20.9 million), attendees heard at the firm’s annual shareholder meeting yesterday.

Grab cars must have roof signs: draft

Cars which provide passenger transportation services via ride-hailing platforms like Grab will have to have roof signs showing that they were “contract vehicles”.

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