Shares closed Tuesday on a positive note thanks to the strong recovery of banking stocks.

According to commitments in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Japan will eliminate 86 per cent of tariff lines for Việt Nam as soon as the trade pact becomes effective.

Standard Chartered Bank (Việt Nam) Limited on Tuesday successfully placed Refrigeration Electrical Engineering Corporation’s (REE) inaugural VNĐ2.3 trillion ($100 million) fixed rate bonds.

The State Bank of Việt Nam (SBV) net injected more than VNĐ47.5 trillion (US$2 billion) into the open market operation (OMO) last week to support the liquidity of the banking system amid rising capital demands at the end of the year.

The Ministry of Industry and Trade has given the green light to three firms to export a total volume of 340,000 tonnes of limonite iron ore which they previously bought from Quý Xa Mine of Việt – Trung Metallurgy and Mineral Company Limited in the northern province of Lào Cai.

The number of passengers travelling by air during the Lunar New Year (Tết) holidays is forecast to rise 11 per cent compared with the same period last year, said Director of Civil Aviation Authority of Vietnam (CAAV) Đinh Việt Thắng.

Vietnamese media company Yeah1 Group has bought out Thoughtful Media Group’s Thai operations.

Vietnamese shares traded marginally on low liquidity on Monday as investors remained cautious ahead of the Tết (Lunar New Year) holiday.

The Ministry of Industry and Trade has issued Circular No 03/2019/TT-BCT stipulating the certificates of origin (C/O) rules in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The Prime Minister on January 19 approved the ‘Scheme of deploying, applying and managing the traceability system’ with the goal to build and operate a portal on national product and goods traceability by 2020. 

The State Bank of Việt Nam (SBV) has set a target to stop cross-ownership among credit institutions (CIs) by the end of 2020.

Foreign direct investment (FDI) pledged in Việt Nam witnessed a significant yearly increase of 52 per cent to US$1.9 billion in the first month of this year, according to the Ministry of Planning and Investment.

Despite initial hiccups, most of Viet Nam’s car firms are now complying with import rules that were tightened early last year, according to Deputy Prime Minister Trịnh Đình Dũng.

The Việt Nam International Trade Fair (Vietnam Expo 2019) will return to Hà Nội in April, drawing about 550 exhibitors from 20 countries and territories.

Saigon Co.op opened a Co.opmart supermarket outlet in Đà Nẵng’s Sơn Trà District on January 27, the second store in the city and 111^th in the country.

Hà Nội’s consumer price index (CPI) in January grew 0.22 per cent from the previous month and 3.92 per cent year-on-year, according to the city’s Statistics Office.

The charter capital of Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) has increased by three per cent to VNĐ37.1 trillion (US$1.6 billion) after it sold selling shares to strategic investors Singaporean investment fund GIC Private Limited (GIC) and Japan’s Mizuho Bank.

Đồng Nai Province has maintained its positive trade growth with estimated surplus of US$300 million in January, the province’s Department of Industry and Trade reported.