VN mobile testing app raises $3m

Kobiton, a mobile testing platform developed by Vietnamese engineers, has successfully raised US$3 million in seed funding from three US companies, venture capital investor Kinetic Ventures, technology company KMS Technology and venture fund Service Provider Capital.

Domestic consumption of seafood trending upwards

Seafood consumption in the domestic market is predicted to increase sharply, with the annual average expected to hit 33-35 kilos per person by 2020, said acting director of the Agriculture and Rural Development Ministry’s Agricultural Market Processing and Development Nguyễn Quốc Toản.

Big facility management firms merge VN arms

ADEN, a Pan-Asian facility management company, has agreed to acquire the Việt Nam subsidiary of international facility management company OCS to strengthen its leading position in the country.

Gov’t asked to reconsider infected wheat import ban

The Government should reconsider its ban on the import of wheat infected with cirsium arvense, a kind of weed, participants told a seminar in HCM City on October 8, warning it would have an adverse impact on businesses.

Concern grows over Tết price hikes

The petrol retail price saw its highest surge so far this year on Saturday, raising concerns over unpredictable impacts to the economy and the possible increase of goods prices during the upcoming Tết (Lunar New Year) Holiday, experts said.

Transerco has new chairman

 CEO of Hanoi Transport Services Corporation (Transerco) Nguyễn Hoàng Trung was appointed the corporation’s chairman in Hà Nội on Monday.

SCIC to put Vinaconex stake up for auction in Q4

The State Capital Investment Corporation (SCIC) will put its entire stake, equivalent to nearly 255 million shares, in the Việt Nam Construction and Import-Export Joint Stock Corporation (Vinaconex) up for a public auction on the Hà Nội Stock Exchange in the fourth quarter.

Derivatives liquidity down in September

Trading liquidity of the derivatives market fell in September despite the number of trading accounts rising 9 per cent from August, according to the Hà Nội Stock Exchange (HNX).

Agribank filings show less bad debt

Non-performing loans (NPLs) of State-owned Bank for Agriculture and Rural Development (Agribank) kept at the Việt Nam Asset Management Company (VAMC) have dropped by over VNĐ9.4 trillion (US$401.7 million) to VNĐ 9.59 trillion in the first half of this year, the bank’s latest audited financial statement showed.

National Assembly likely to approve CPTPP

Prime Minister Nguyễn Xuân Phúc said Việt Nam would likely approve the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP) at the National Assembly meeting this month.

Mobile World shares repeatedly sold by foreign funds

In a short time, foreign funds have sold millions of shares of Mobile World Corporation (MWG), one of the biggest mobile phone and accessory retailers in Việt Nam, with an estimated transfer value of up to hundreds of billions of Vietnamese đồng.

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