Vinaphone has new CEO

Nguyễn Nam Long, general director of VNPT-Net on Monday was appointed CEO of the mobile network VNPT-Vinaphone.

GAS to increase stake in PV Gas South to 51%

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.

S&P raises VN’s credit rating with a stable outlook

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.

VN stocks progress ahead of reports

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 seeks to develop 50 new co-operatives this year

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.

An Giang province to lure further investment

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.

Market to experience choppy week

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.

Đồng Nai attracts over $373 million in FDI

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.

Bamboo Airways to open air route to Japan

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 $570m importing pharmaceuticals in Q1

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.

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