Việt Nam News

Moody’s Investors Service has predicted that Việt Nam’s GDP (gross domestic product) growth will remain robust, averaging 6.7 per cent in 2018.

The Ministry of Transport plans to reduce the State ownership stake in Vietnam Airlines Corporation to 51 per cent of the charter capital in 2019.

The Vân Đồn Economic Zone Authority has asked the People’s Committee of Vân Đồn district and investors to stop commissioning new projects, adjusting project plans and applying for investment.

Itochu, Japan’s second-largest trading company, has spent some five billion yen (US$46.9 million) to buy an additional 10 per cent equity in Việt Nam National Textile and Garment Group (Vinatex).

The northern Vĩnh Phúc Province has called for investments in the automobile, motorbike and electronic production support industries, said Nguyễn Văn Trì, chairman of the provincial People’s Committee.

Nawaplastic Industries Co Ltd, a subsidiary of Thailand’s SCG, has registered to buy an additional 818,609 shares of Bình Minh Plastics Joint Stock Company (BMP).

Vietnamese enterprises should strive to meet strict new food safey requirements from importing countries, especially choosy markets like the the US, Japan, South Korea, and the EU, speakers at a seminar held yesterday in HCM City said.

The Ministry of Industry and Trade (MoIT) has asked the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) to hold an extraordinary shareholders’ meeting to review personnel matters.

Việt Nam National Oil and Gas Group (PetroVietnam) reported better-than-expected business results in the first quarter but is expecting more challenges towards the end of the year.

Saigon Reai Estate Joint Stock Company (HOSE: SGR) has asked its shareholders to approve the plan to increase charter capital from VNĐ396 billion to VNĐ555.4 billion (US$17.4 million-24.4 million) in 2018.

Việt Nam’s benchmark VN Index edged down 0.70 per cent to close at 1,188.29 points on Tuesday as investor confidence was dampened by major declines in US stocks.

 Việt Nam will focus on expanding the export market for agricultural products in the second quarter of this year, said Deputy Minister of Agriculture and Rural Development Hà Công Tuấn.

The Ministry of Finance (MoF) said the ministries and localities supported its proposal to raise environmental protection tax on oil and petroleum products.

Amata VN Public Company Limited, a subsidiary of Thailand-based Amata Corporation PCL, has received a licence to develop the first phase of the US$1.6 billion industrial and urban project in the northern province of Quảng Ninh, around 150 km from the capital Hà Nội.

The central city and Việt Nam Bank for Industry and Trade (Vietinbank) inked an agreement on online payment service in the city’s e-Government system (egov.danang.gov.vn) on Tuesday, marking further progress towards promoting cashless transactions in the community.

The Hà Nội Stock Exchange held 11 auctions of government bonds (G-bonds) in March, mobilising more than VNĐ11 trillion (US$482.9 million) for the State budget.

Around 300 local enterprises are taking part in the Vietnamese High-Quality Products Fair that opened on April 3 in HCM City.

The municipal People’s Committee chairman Nguyễn Văn Tùng attributed this positive result to the city’s ongoing efforts to foster administrative reforms, improve its investment climate, accelerate investment promotion and resolve difficulties for investors in implementing their projects here.