PetroVietnam Gas JSC (GAS) has approved a plan to increase its capital contribution in the Petrovietnam Southern Gas JSC (PGS) to 51 per cent of the company’s charter capital.
It is necessary to complete a legal framework for business households so as to promote their development and contributions to the economy, experts have said.
The Vietbuild International Exhibition with the theme construction, industrial machinery and equipment and interior-exterior decoration will be held in HCM City from this week.
Regulations on personal unsecured lending by consumer finance companies will be tightened if a draft circular of the State Bank of Việt Nam (SBV) takes effect.
Standard and Poors (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating on Việt Nam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports.
Investors are flocking into the bubble tea market since demand is booming across the country.
Vietnamese shares took off yesterday as oil prices increased and news on annual shareholder meetings and 2019 business plans helped cushion investor confidence amidst a lack of supportive news.
HCM City is set to establish 50 new co-operatives and one co-operative union this year and hopes to push the annual growth of the collective economy to 10 percent and its contribution to the city’s economy to 0.6 percent.
The Mekong Delta province of An Giang will step up administrative reform, improve its investment climate, and enhance its competitive capacity to attract more domestic and foreign investment projects.
Brokerage firms forecast a turbulent trading week for Vietnamese stocks this week with the market witnessing wide divergence among groups of stocks and may experience some alternate volatility and corrections while moving up.
The Asian Development Bank (ADB) forecast Việt Nam’s economic growth to moderate but remain strong in the next two years despite a projected slowdown in the global economy and world trade.
Not only enterprises but the Government too has been cautious, setting a GDP growth target of 6.6-6.8 per cent for this year as against the 7.08 per cent rate the country achieved last year.
In 2019, Hoa Sen Group plans net revenue and net profit of VNĐ31.5 trillion and VNĐ500 billion, respectively. Photo ndh.vn
The southern province of Đồng Nai attracted US$373.2 million in foreign direct investment (FDI) in the first quarter of 2019, an increase of nearly $20 million compared to the same period last year and reaching 37 per cent of the year plan.
Việt Nam’s newest carrier Bamboo Airways said last week that it will start operating charter flights to the Japanese prefecture of Ibaraki during the Golden Week in Japan.
Việt Nam spent more than US$570 million on importing pharmaceuticals in the first quarter of this year, marking a year-on-year increase of 16.7 per cent, according to the latest statistics from the General Department of Customs.
The tourism property sector has great potential for growth thanks to the rapid growth in the tourism industry, a forum heard in HCM City last Saturday.