Việt Nam News

Leaders of Dung Quất Oil Refinery met potential exporters of crude oil at an international conference in Singapore last week.

Masan Tungsten Limited Liability Company, a wholly owned subsidiary of Masan Resources Corporation, has signed an agreement to buy the tungsten business of Germany’s H.C. Starck Group GmbH.

The two exchanges will become sub-companies of the Vietnam Securities Exchange to improve the control of listed companies and market members (securities firms) and enhance the quality of technological facilities.

Vietnamese business delegations will attend the first meeting between sellers and buyers of India and CLMV countries (Cambodia - Laos - Myanmar – Việt Nam) in India next month.

FPT Corporation’ s revenue and pre-tax profit in the first eight months of the year increased by 21.1 per cent and 27.9 per cent year-on-year, reaching VNĐ17.032 trillion (US$733.67 million) and VNĐ 2.992 trillion ($129.88 million), respectively.

Five Vietnamese e-commerce platforms were named among ten most visited sites in Southeast Asia in the first half of this year.

The HCM City Development Joint Stock Commercial Bank has received approval from the State Bank of Việt Nam to adopt Basel II standards from October 1.

Kelvin TEO, CEO of Sembcorp Development and Co-chairman of Việt Nam-Singapore Industrial Park Group, speaks with Việt Nam News about foreign investment in Việt Nam.

Some Vietnamese exports have been investigated for origin fraud and tax evasion, which requires tougher action from the Vietnamese Government to settle the problem and keep its exports growing.

Automobile stocks are expected to lure more investment thanks to the growth of market consumption, forecast to reach over 500,000 vehicles per year from 2021.

Việt Nam Textile and Apparel Association (Vitas) said the total export value of textiles, fiber, and cloth reached US$25.7 billion in the first 8 months of the year, up 8.6 per cent year on year, including 60.6 per cent from foreign direct investment (FDI) enterprises.

The Vietnamese social network Lotus revealed its plan to attract 60 million users in Việt Nam during its official launch in Ha Noi yesterday.

More and more Vietnamese enterprises have become suppliers of supporting products to overseas markets such as the US, Republic of Korea, Japan and Europe. 

The retail price of petrol has dropped as of 3pm on Monday, the ministries of industry and trade and finance jointly announced.

BIM Land Joint Stock Company, a property developer under BIM Group, has reached an agreement with International Finance Corporation (IFC), a member of the World Bank Group, for a loan of up to US$87.5 million to develop tourism infrastructure in Việt Nam and Lao PDR.

Bản Việt Bank (Viet Capital Bank) has registered with the Vietnam Securities Depository (VSD) to trade more than 317 million shares on the Unlisted Public Company Market (UPCoM).

Fitch Ratings has assigned the Vietnam Oil and Gas Group's (PetroVietnam or PVN) first-time long-term foreign-currency issuer default rating (IDR) at 'BB' with a positive outlook.