Việt Nam News

Việt Nam Oil and Gas Group (PVN) estimated to gain total revenue of VNĐ111.8 trillion in the first two months of this year, 8 per cent higher than its plan.

GoBear, Asia’s first and only metasearch engine for insurance and banking products, and FE Credit, the largest lender in Việt Nam’s consumer finance market, have signed a deal to drive greater financial inclusion for Vietnamese people.

The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector through mergers and acquisitions (M&A) in 2019, experts said.

Shares advanced on Monday on the two national stock exchanges after a drop from the disappointed conclusion of the Trump-Kim Summit last week as investors poured money on heavyweight stocks.

HCM City has allowed the conversion of officetel projects into other purposes, except for residential purposes, to meet the city’s urban development demand, more than a year since it halted licensing new officetel projects.

Việt Nam’s Manufacturing Purchasing Managers’ Index (PMI) in February fell for the third month in a row to 51.2, according to the latest reports from Nikkei and IHS Markit.

Samsung on Monday officially launched its first course in South Korea for Vietnamese support industry experts in collaboration with the Ministry of Industry and Trade.

Five domestic airlines reported nearly 5,000 delayed or cancelled flights, accounting for 17 per cent of the total operated flights, in the first two months of the year.

Disbursement of public investment was low in the first two months of this year partly due to the impacts of the nine-day Tết holiday, according to a Ministry of Finance report.

Registration fees for pickup trucks and vans will be raised to 6 per cent of the vehicles value from the current rate of 2 per cent from April 10, according to a revised Government decree.

Despite likely hurdles, export of marine products is expected to rise by 17 per cent to US$3.5 billion this year, according to the Việt Nam Association of Seafood Exporters and Producers (Vasep).

HCM City has a surplus of houses for relocated residents, but severely lacks social housing.

Many market experts and securities companies agree that the imposition of the new derivative fees help regulate and select cash flow in the underlying stock market.

The prices of oil and petrol have climbed nearly VNĐ1,000 (US$0.043) per litre folowing the latest adjustment by Ministry of Finance and the Ministry of Industry and Trade on Saturday.

The HCM City Real Estate Association has proposed social housing lending rates to be lowered to 3-3.5 per year to create favourable conditions for low-income earners to afford homes.

The national industrial production index (IIP) in February was estimated to decrease by 16.8 per cent over the previous month due to the Lunar New Year holiday, according to the General Statistics Office (GSO).

Analysts have recently been bombarded with a question by investors: will bank shares continue to be attractive this year?

Economic experts and scientists gathered at a meeting chaired by Prime Minister Nguyễn Xuân Phúc in Hà Nội Saturday to work on documents on socio-economic development strategies to be summited to the 13th National Party Congress.