Shares made good gains on Tuesday thanks to the push from banking stocks.
The EVFTA includes 17 chapters, two protocols and a number of accompanying memorandums of understandings on trade in goods and services, investment, trade remedies, competition, state-owned enterprises, government procurement and intellectual property.
Prime Minister Nguyễn Xuân Phúc put emphasis on the need for long-term solution to create new drivers of growth and economic impetus to help the country escape the middle-income trap, especially as ageing population has already been underway.
Việt Nam Prosperity Joint Stock Bank (VPBank) announced a record 2019 consolidated pre-tax profit of VNĐ10.3 trillion (US$445 million), exceeding 9 per cent of the yearly plan and up 12.3 per cent compared to 2018.
Prime Minister Nguyễn Xuân Phúc on Monday had a working session with his economic advisory group in Hà Nội.
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) earned pre-tax profit of VNĐ12.8 trillion and revenue of VNĐ21.1 trillion, marking increases of 31.5 per cent and 24.7 per cent year on year, respectively.
Local media firm, Yeah1 Group (YEG), recorded a loss of VNĐ158 billion (US$6.8 million) in the fourth quarter of last year, pushing 2019’s total losses to VNĐ372 billion.
Maintaining exports would be critical for the cement industry amid rising production output and anticipated sluggish domestic sales this year.
Việt Nam stood out as the world’s largest cashew exporter last year but there remains many challenges ahead for the country to retain its leading position in the future.
After being relatively stable last year, the foreign exchange rate of the Vietnamese đồng against the US dollar is forecast to be under bigger pressure due to both internal and external headwinds.
HCM City authorities plan to review obstacles to public spending and speed of fund allocation and disbursement this year.
The market experienced an uneventful trading day Monday with sideways movements and slight fluctuations among declining liquidity.
Minh Phú Seafood Corp shares fell for a second day after the company confirmed it would co-operate with the US investigation into whether the Vietnamese firm had evaded anti-dumping taxes or not.
The Ministry of Finance has asked its Price Management Department to keep a close watch on market supply and demand as well as price developments, especially of essential goods, during the Tết (Lunar New Year) holidays.
Việt Nam’s biggest telecom firm Viettel announced it is the 6th company in the world to manufacture 5G devices.
The HCM City Department of Taxation will implement the e-Tax system from February 10 to improve tax service quality in the city.
Foreign investors, especially those from the European Union (EU), will find it more appealing to invest in Việt Nam when the EU- Việt Nam Free Trade Agreement (EVFTA) comes into effect, according to German broadcaster Deutsche Welle (DW).
Over 40 enterprises, policy-making agencies and trade promotion organisations of Việt Nam are participating in an electrical and energy equipment fair which opened on January 18 at the India Expo Mart in Uttar Paradesh state of India.
