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Việt Nam speeds up electricity market reforms, eco-industrial park development

Shares advance on vaccine trial success

Vietnamese shares advanced on Tuesday in line with world stocks thanks to optimism for a global economic recovery after a successful experiment for a coronavirus vaccine.

Plastic firm sees slight revenue growth in 2020

Tiền Phong Plastic JSC (HNX: NTP) is aiming for revenue growth of 6.25 per cent in 2020 to VNĐ5.1 trillion (US$221 million).

UPCoM firms suspended for failing to release audited reports

The Hà Nội Stock Exchange (HNX) has suspended 21 companies on the Unlisted Public Company Market (UPCoM) for three days over failure to release audited 2019 financial reports.

Local VFMVN Diamond ETF enlarges in its first trading week

The value of local exchange-traded fund VFMVN Diamond ETF has increased by five-fold during its first trading week to VNĐ482.3 billion (US$20.87 million)

Sapo Technology receives 7-digit investment

Sapo Technology JSC has completed its funding round and received an investment of up to seven-digit US dollars from South Korean Smilegate Investment and Vietnamese Teko Ventures.

Việt Nam ranks 2nd in top 10 fastest growing wealth markets from 2010 to 2019

Việt Nam ranked at the second position, following Bangladesh, in the top 10 fastest growing wealth markets from 2010 to 2019.

Ministry gives push to equitisation of SOEs

The Ministry of Finance has raised a number of measures to accelerate the equitisation of State-owned enterprises (SOEs) since the progress made no improvements recently.

GEX to sell entire stake in Đồng Nai Port JSC, no longer involved in logistics

The Board of Directors at Vietnam Electrical Equipment Joint Stock Corporation (Gelex or GEX) has approved the sale of their entire 20.25 per cent stake in Đồng Nai Port JSC (PDN).

Local dairy expected to continue growing in 2020: VIRAC

VIRAC forecasts that the dairy industry prospect in 2020 will continue to grow at a high level, increase investment capital in dairy farms to reduce dependence on imported milk and to meet the needs of people’s domestic consumption.

Domestic enterprises need protection from takeovers: experts

Foreign investors are eyeing processing and manufacturing industries.

How to revive Việt Nam’s tourism industry?

“Safe haven tourism” is one way for Việt Nam to maximise tourism revenues while minimising risks posed by COVID-19 pandemic, according to investment fund VinaCapital.

Energy firms drive VN market

Strong gains of oil futures on Monday helped boost the Vietnamese stock market after a three-day decline.

Customs enhance inspection of PFY imports

The General Department of Customs has required customs departments in provinces and cities to intensify review and inspection for imports of silament and polyester filament yarns originating from China, India and Indonesia.

Construction of giant industrial park begins in Long An Province

TIZCO Joint Stock Company and Việt Nam Innovation Parks Management Corporation broke ground on Sunday (May 17) for the 1,800ha Việt Phát Industrial Park in Long An Province, one of the largest IPs in the country.

State-led approach to boost 5G deployment in Việt Nam: experts

Việt Nam’s 5G is forecast to have a bright future with Government and regulator support while domestic manufacturing of 5G handsets could lower device costs and lend tailwinds to adoption.

Total assets of banks in Việt Nam stand at $522 billion

Total assets of credit institutions and foreign banks in Việt Nam by the end of the first quarter of this year inched down to VNĐ12.48 quadrillion (US$521.76 billion) compared with the end of last year.

Vân Đồn EZ’s management board founded

Quảng Ninh Province late last week announced the foundation of the Management Board of Vân Đồn Economic Zone (EZ) which would be piloted in three years.

Gold prices soar in the market

Domestic gold price soared to surpass VNĐ49 million (US$2,100) each tael (1.2 ounce) this morning when the global prices of the yellow metal climbed to its multi-year high.

Vietnamese, US footwear firms to discuss trade amid pandemic

The MoIT said the exchange aims to help domestic footwear producers promote exports to the US. It will also act as a platform to provide updated information on the US footwear market in the context of the COVID-19 pandemic.

Accessing credit, capital requires firms to embrace financial transparency: experts

Enterprises, especially small and medium-sized ones and start-ups, need to enhance financial transparency and connect with banks if they want to obtain loans, according to experts.