Việt Nam News

The HCM City People’s Committee will offer more support such as workforce training and financial assistance to companies that make key industrial products.

The Lenovo Group from China expressed a desire to develop a computer component manufacturing factory in the northern province of Bắc Giang during a meeting with local authorities on Tuesday.

The Civil Aviation Authority of Vietnam (CAAV) has recently asked the Ministry of Transport to approve its detail planning adjustments for Phú Quốc International Airport in the southern province of Kiên Giang and Pleiku Airport in the Central Highlands province of Gia Lai.

The Singaporean fund Ardolis Investment Pte Ltd has raised its ownership in the consumer staple firm Masan Group Corporation to 5.67 per cent with more than 65.9 million shares from the previous 4.47 per cent.

Domestic gold prices increased sharply on Wednesday morning, in line with gold gains on international markets.

The yield of Government bonds (G-bond) has continued to decline and hit seven-month lows as the US Federal Reserve (Fed) seems unlikely to hike interest rates and the domestic monetary market has shown positive movements.

The central city is planning to allocate 300ha for the development of a horse racing track and farm with total investment of US$200 million.

The Ministry of Finance has asked the Government to amend its laws to eliminate the special consumption tax on locally manufactured auto parts and components, a move which could reduce prices of locally assembled cars.

The slow listing of post-equitisation firms, including State-owned enterprises (SOEs), may make Vietnamese firms less attractive regarding a lack of corporate transparency and government agencies managing those firms must be blamed for the problem.

Detailed regulations for labeling products as ‘Made in Việt Nam’ are needed to create a legal framework preventing fraud as well as protecting local production and consumers.

Việt Nam was an impressive emerging market with a rapid increase of foreign direct investment (FDI) as well as the appearance of mega-factories in recent years, stimulating technology corporations to expand their presence here.

Việt Nam’s benchmark VN-Index advanced on Tuesday thanks to strong growth of large-cap stocks such as Vingroup (VIC) and its property arm Vinhomes (VHM).

Hoàng Huy Investment Financial Services JSC (TCH) plans to issue VNĐ1.2 trillion (US$51.5 million) worth of convertible corporate bonds in 2019 at the par value of VNĐ1 million ($43) for each bond.

Sacombank has hired PwC Vietnam to help upgrade its asset-liability management framework.

Việt Nam Posts and Telecommunications Group (VNPT) proposed launching mobile money services to allow customers to use their telecommunications accounts to pay for goods and services.

Liquidity of the banking system has been plentiful again after the Lunar New Year, helping the central bank net withdraw more than VNĐ51.55 trillion (US$2.2 billion) in the past week.

Việt Nam National Petroleum Group (Petrolimex) has made a second attempt to sell 12 million treasury stocks, equivalent to 1 per cent of its charter capital, from February 27 to March 28.

Nghệ An Province is taking many measures to improve the quality of its business environment, hoping to attract more investment in the western area of the province.