VinFast wins AUTOBEST ‘A Star is Born” award

VinFast is the first winner of the award “A Star is Born” from the organisation AUTOBEST, which recognises automobiles available on the European market, at the Paris Motor Show 2018 from October 1 to 16.

FE Credit raises charter capital to $313m

The charter capital of consumer finance company FE Credit, which accounts for some 50 per cent of Việt Nam’s consumer finance market share, surged sharply to nearly VNĐ7.33 trillion (US$313 million) from the previous VNĐ4.47 trillion.

HNX collects over VNĐ10.8 trillion in auctions

The total value of shares auctioned by the Hà Nội Stock Exchange (HNX) since the beginning of 2018 has reached over VNĐ10.8 trillion (US$463 million), according to the northern stock bourse regulator.

Construction firm listed on HOSE

More than 20.8 million shares of Phục Hưng Holdings Joint Stock Company were officially listed on the HCM City Stock Exchange on Wednesday. The shares, coded PHC, will be traded from a starting price of VNĐ15,000 (US$0.64) with total listing value of VNĐ208 billion.

56 gambling apps removed from Google Play store

Google has announced the removal of 56 gambling applications from its Google Play store because the games were not compliant with Việt Nam’s established laws, according to Deputy Director of the Authority of Broadcasting and Electronic Information Lê Quang Tự Do.

Vinalines to debut on UPCoM on October 8

State-owned shipping firm Việt Nam National Shipping Lines (Vinalines) will trade 5.4 million shares on the Unlisted Public Company Market (UPCoM) on October 8.

VN Index rebounds with high liquidity

Việt Nam’s benchmark VN Index recovered from Monday’s decline with a robust increase in trading liquidity amid heavy profit-taking pressure.

Việt Nam supports cashless payments: Deputy PM

The Vietnamese Government will continue to support and solidify legal regulations for cashless payment systems, Deputy Prime Minister Vương Đình Huệ told Anthony Tan, CEO and co-founder of Grab – a ride-hailing platform in Southeast Asia which has become popular in Việt Nam over the past five years.

SBV working on framework for P2P lending

The State Bank of Việt Nam is carefully studying international models of peer-to-peer lending (P2P) to develop a legal framework to effectively manage the country’s nascent fintech business, according to SBV deputy governor Nguyễn Kim Anh.

Expo to display agro-forestry, fisheries tech

A wide range of products, technologies and equipment used in the agricultural, forestry and fisheries sectors will be on display at Growtech, an international agriculture–forestry–fishery exhibition to be held in Hà Nội next month.

Bancassurance brings risks for insurers

The model of distributing insurance products via banks (bancassurance) has contributed significantly to increasing insurers’ revenue, but experts warned that the overheating growth of the business could cause insurers to have to pay compensations due to mistakes made by bank employees, who also act as insurance products consultants.

Agricultural restructure a success

Efficient restructuring of the agricultural sector has brought good results in production and business in the last few months, so the sector expects to gain stronger growth in production and business this year and beyond, said experts.

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