Việt Nam News

The Fourth Industrial Revolution could increase Việt Nam’s GDP by between US$28.5 billion and $62.1 billion – equivalent to a rise of 7 to 16 per cent – by 2030, Director of the Central Institute for Economic Management (CIEM) Nguyễn Đình Cung said at a seminar in Hà Nội on Friday.

Việt Nam saw a trade deficit of US$84 million in the first two months of this year, according to the General Statistics Office (GSO).

The largest specialised event on processing, packaging and preserving food and agricultural products in Việt Nam will take place on July 24-27 in HCM City.

Banks and insurance companies are ramping up co-operation in selling life insurance products (bancassurance) to cash in on the high growth segment as some have posted annual triple-digit growth rates in the business.

Unofficial exports over the border to China will face technical barriers since the two nations have agreed to limit them and increase official exports, a seminar heard in HCM City yesterday.

The national consumer price index (CPI) rose 0.8 per cent in February, the General Statistics Office announced on Thursday, marking the biggest February increase since 2014.

Việt Nam’s benchmark VN-Index bounced back strongly on Friday from the previous massive sell-off on improved investor confidence and purchasing power.

 Hoàng Huy Investment Financial Services JSC (TCH) on Thursday issued VNĐ1.2 trillion (US$50 million) worth of convertible corporate bonds to South Korean investors.

The first VinFast cars would be tested in Europe on March 6 this year, reported Vietnam News Agency.

Gas prices in the south increased by VNĐ17,000 (72 US cents) for a 12kg canister on Friday (March 1).

Vinhomes Joint Stock Company, a member of property developer Vingroup, has appointed Nguyễn Diệu Linh  as the new chairman of the board of directors, starting February 28.

The number of new firms in February was estimated to reduce 41.5 per cent month on month to 5,900 due to the Lunar New Year holiday, according to the General Statistics Office (GSO).

Lotte Vietnam Finance Company Limited (Lotte Finance) has become the first Korean financial institution to become an official member of the Việt Nam Banking Association (VBA).

South Korea’s Nonghuypbank is looking at becoming a strategic investor in Agribank as it is due to make an initial public offering (IPO) at the end of this year.

A wide range of products and technologies related to the processing and packaging industries will be on display at the 2019 ProPak Vietnam, a major annual exhibition, to be held in HCM City from March 19 to 21.

The Vietnamese automobile industry is expected to grow well, driven mainly by an increase in per capita income, demand for cars, and infrastructure improvement

HFT Securities Corporation has selected South Korea-based Hanwha Investment and Securities Co as its foreign investor allowed to buy more than 25 per cent of its charter capital without a public bid.

Long Hậu Corporation officially commenced construction of its first hi-tech ready-built factories for rent on Thursday.