Funds suffer losses on poor market performance
Over the past year, most investment funds in Việt Nam’s equity market have seen negative growth in net asset value per share (NAVPS) due to the poor performance of the market indices.
Over the past year, most investment funds in Việt Nam’s equity market have seen negative growth in net asset value per share (NAVPS) due to the poor performance of the market indices.
Businesses have been increasingly satisfied when dealing with administrative procedures in export-import activities. However, more reforms are needed to further facilitate firms’ operation, heard attendants at a conference in Hà Nội on Tuesday.
Cassava processors are facing difficulties due to a raw material shortage and, especially, tightening of overland imports and erection of barriers to imports of farm produce by China, their largest export market.
The Cửu Long (Mekong) Delta province of Trà Vinh has released a plan to improve its Provincial Competitiveness Index (PCI), according to the chairman of its People’s Committee
Vietnamese shares declined on Tuesday as investors locked in profits following the market’s two-day rally.
On Monday, the State Capital Investment Corporation (SCIC) reported after-tax profit of VNĐ8.25 trillion (US$358.7 million) in 2018, 52 per cent higher than the target for the year.
Up to 53.6 per cent of information technology (IT) companies said they hope to increase their workforce by 10-30 per cent this year.
The Turkish Ministry of Trade has announced it is conducting a final review on potential anti-dumping duties on textured polyester yarn imported from a number of countries, including Việt Nam.
Under a new regulation, commercial banks will have to switch 30 per cent of their current magnetic strip ATM cards – more than 25 million in total – to chip cards by the end of this year to enhance safety and service quality.
The central province of Quảng Trị is going to build a seaport at a cost of VNĐ14 trillion (US$614 million) at local Mỹ Thủy Beach in an attempt to boost development of the province’s key economic zone.
The Authority of Information Security, under Việt Nam’s Ministry of Information and Communications, has forecast five major trends in network safety and security to watch in 2019.
The Việt Nam-Bulgaria Trade Promotion and Investment Centre opened in Hà Nội on Saturday, improving conditions for Vietnamese businesses to boost investment and exports to Bulgaria as well as accessing other EU markets.
Việt Nam Cement Industry Corporation (VICEM) targets a net revenue of VNĐ40 trillion (US$1.72 billion) this year, a level that would mark a year-on-year increase of 10 per cent.
Shares of the construction conglomerate Cotec Construction Joint Stock Company (Coteccons), coded CTD, have recovered strongly since early November, climbing by 14 per cent after two foreign management funds announced they would increase their holdings in the company.
Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) will sell shares worth US$270 million to foreign strategic investors to increase its charter capital.
Vietnamese shares extended growth for a second day on higher investor confidence but modest trading liquidity is hindering the chance of further improvement.
At the end of 2018, Việt Nam’s Gross Domestic Product (GDP) – one of the primary indicators used to gauge the health of a country’s economy – was announced by Vietnam General Statistics Office, beating forecasts made by many international institutions.
The State Bank of Việt Nam had set a credit growth target for 2019 equivalent at 14 per cent, said SBV Deputy Governor Nguyễn Thị Hồng.