Việt Nam News

Vietnamese shares moved up modestly on Thursday as some corporate news lifted market sentiment from overall caution ahead of the end of the year.

The private sector in Việt Nam should receive support to become a pillar of the local economy, said Nguyễn Thị Nga, chairwoman of BRG Group.

CEO Hàn Ngọc Vũ said VIB considers the implementation of all Basel II three pillars as one of the important tasks in the long-term for the bank's risk management.

Thailand’s Thai Beverage Public Co Ltd has denied it is seeking potential investors to buy its business in Việt Nam.

Prime Minister Nguyễn Xuân Phúc asked the Ministry of Transport to speed up the revision of the draft decree about transportation service businesses and submit it to the Government for promulgation before December 30.

Prime Minister Nguyễn Xuân Phúc will hold a meeting with businesses in Hà Nội on December 23.

The Global Infrastructure Facility (GIF) has approved US$1.5 million in funding to support the World Bank’s work with Việt Nam’s Government on the Solar Pilot Auction Programme.

More than 90 per cent of businesses from the Republic of Korea (RoK) are satisfied with their investments in Việt Nam, according to a recent survey conducted by the Korea Trade and Investment Promotion Agency (KOTRA).

The volume of foreign direct investment (FDI) saw a year-on-year increase of 49 per cent to US$3 billion in the southern province of Bình Dương in the January-November period, according to the provincial People’s Committee.

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.

The Vietnam Administration of Forestry (VNFOREST) is drafting a decree of Vietnam Timber Legality Assurance and Agreement (VNTLAS), which is seen as a key tool to prevent illegal timber products. Deputy Director General of VNFOREST Phạm Văn Điển spoke with Việt Nam News reporter Thu Giang about the importance of this decree.

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.