Việt Nam News

Shares continued to rise on the two local exchanges on Tuesday, fueled by the growth of several major large caps and climbing oil stocks.

The Fourth Industrial Revolution, or Industry 4.0, has posed both opportunities and challenges on the countries of the Association of Southeast Asia Nations (ASEAN). Founder cum executive chairman of the World Economic Forum, Professor Klaus Schwab, speaks to Việt Nam News reporter Nguyễn Hoàng Sơn about pressures of the ongoing technological and scientific revolution.

The US government lowered the anti-dumping duty on frozen warm water shrimp from Việt Nam.

The South Korea Trade and Investment Agency (KOTRA) will open a representative office in the central city to promote investment and connection among Korean investors.

Việt Nam’s stock market capitalisation increased 13 per cent against the end of last year, reaching nearly VNĐ3.97 quadrillion (US$169.5 billion) by the end of August.

Indochina Hội An Beach Villas Company Limited, a subsidiary of Bamboo Capital Group, broke ground on September 10 for its Malibu MGM Hội An condotel and villa project.

Ride-hailing app FastGo on Monday officially rolled out services in the central coastal city of Đà Nẵng.

Uber B.V has completed the payment of its remaining tax debts and evasion penalties worth more than VNĐ53 billion (US$2.3 million), five months after the ride hailing company ceased operations in Việt Nam, according to a tax official.

Traders at the underground Sense Market at 23/9 Park in HCM City’s District 1 are worried the information that the government will evict them to reclaim green space.

Total assets of Vietnamese insurance companies in the first eight months of the year surged sharply by 35.16 per cent year-on-year to nearly VNĐ365.52 trillion (US$15.55 billion), a report from the Ministry of Finance (MoF) showed.

The Việt Nam Asset Management Company (VAMC) plans to resolve at least VNĐ140 trillion (US$5.95 billion) of non-performing loans (NPLs) from now until 2020, of which VNĐ34.5 trillion will be settled this year.

The Ministry of Transport plans to open new routes for commercial flights from nations that send tourists to Việt Nam to develop tourism into one of the country’s main economic sectors.

Kaspersky Lab has partnered with 20th Century Fox for the launch of a promotional campaign for the movie “The Predator” in which seven winners will get a chance to go on a Hollywood FOX Tour worth more than US$8,000.

Up to 80 of the most innovative start-up firms from the ASEAN region will be featured at the World Economic Forum on ASEAN (WEF ASEAN), of which, three of the firms are from Việt Nam.

Property developer Hồ Tràm Project Company Ltd on Monday announced that it has tied up with Wyndham Hotels & Resorts, a global hotel franchisor and operator services, to manage its Ramada by Wyndham Hồ Tràm Strip.

As growth in Southeast Asia’s online economy gains pace, US property consultancy John Lang LaSalle (JLL) projects that technology companies will drive office occupancy, potentially accounting for 15-25 per cent of annual gross office leasing volumes in the next decade compared to about five to 10 per cent three years ago.

Vietnamese agriculture and food company PAN Group JSC has finalised its private placement plan with Japanese Sojitz Corporation, which is projected to take place between now and the end of the year. 

Shares on the two local bourses struggled to maintain last week’s upward trend, marking just a slight gain on Monday and experiencing strong volatility as investor caution still lingered following the latest update on China-US trade tension.