Việt Nam News

Shares tumbled on both national stock exchanges on Monday after an unexpected rebound last Friday, as investors feared a likely bull trap.

FLC group plans to open 40 local and international routes after its carrier, Bamboo Airways, becomes operational, said Đặng Tất Thắng, general director of the airline.

HCM City authorities told members of the foreign community at a meeting on April 21 that they warmly welcomed foreign investment that can contribute to sustainable and rapid growth.

The Việt Nam Software and IT Services Association (VINASA) presented the Sao Khuê Awards to 73 information and technology (IT) solutions and services and software products.

Listed companies with positive second-quarter earning prospects, as well as high dividend payment, are likely to attract investors in the future, after the effect of the Q1 result has cooled.

The Bank for Investment and Development of Việt Nam (BIDV) has proposed a plan to its shareholders to increase its chartered capital this year by 28 per cent, compared to the end of 2017.

After making an entry into the automobile manufacturing industry, Vingroup, the country’s leading property company, has set its sights on the US$5.3 billion pharmaceutical sector.

Housing developer Nam Long Investment Corporation (HOSE: NLG) approved a plan at its general meeting held over the weekend to auction off as many as 40 million shares, equivalent to 21.2 per cent of its outstanding shares, to raise capital.

Shareholders of the HCM City Development Joint Stock Commercial Bank (HDBank) have approved a plan to acquire the Hà Nội-based Petrolimex Group Commercial Joint Stock Bank in an all-stock deal.

Phú Nhuận Jewelry Joint Stock Company (PNJ) has said it will further expand its retail network and online sales and carry out customer segmentation to offer tailor-made designs meeting the needs of every customer.

Việt Nam has intensified inspections on cryptocurrency transactions as trading and investments using this payment system are on the rise in the country.

Việt Nam is becoming a safer nation relative to many others, and once again improved its safety ranking in 2017, according to the latest report released by Underwriters Laboratories (UL), a global safety science company.

Bank stocks are expected to lead growth in the stock exchanges this week as investors could be inspired to press the “buy” button by supportive news arriving from the banks’ annual shareholder meetings and first-quarter earnings reports.

 Việt Nam’s maritime and inland waterway transport continue to suffer from the lack of sustainable inland ports and planning for container depots. They’re also plagued by limited connecting modes of transport and high logistics costs that reduce their potential for market expansion and customer access.

Việt Nam’s fishery sector will gain advantages and export opportunities once the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union-Vietnam Free Trade Agreement (EVFTA) take effect, heard a seminar in HCM City on April 20.

It will offer an excellent opportunity for domestic businesses to meet, exchange experiences, and transfer technologies with foreign partners. Meanwhile, visitors to the exhibition will be able to discover a raft of new products for use in building a modern, smart, and convenient house.

HCM City authorities are demanding that district authorities strictly enforce regulations on separating land plots for sale, especially in suburban areas where the practice has led to rising prices.

The real estate market continues to be attractive to investors, but the level of competition would be much higher this year and the following years.