Việt Nam News

The Hà Nội Stock Exchange (HNX) will hold three auctions in May to sell shares of Sài Gòn Postel Corp, Việt Nam Apatite Phosphorus Joint Stock Company and Việt Nam Aviation Corporation.

The total value of transactions via the automatic teller machines (ATMs) and points of sale (POS) last year surged sharply by 34 per cent against the previous year.

Local companies should add more value to their products before selling them to foreign distribution channels. They should not focus too much on cheap prices or low labour cost that does not generate real value for the products. 

The Vietnamese Government always welcomes and commits to creating conditions for foreign businesses, including those from China’s Chongqing city, to land investment in high-tech projects in the country, said Vietnamese Ambassador to China Đặng Minh Khôi.

Tiền Giang Province aims to incorporate another 730 businesses this year, 9.3 per cent higher than last year, by creating a better investment environment.

A Việt Nam-Middle East Trade Forum to be held in HCM City on May 11 is expected to help boost trade between the two sides.

Balancing sustainability with economic development is no longer an issue for industralised, wealthy countries alone, but is a critical concern for all economies, said Nguyễn Quang Vinh, General Secretary of the Việt Nam Chamber of Commerce and Industry (VCCI).

The banking industry is drastically restructuring credit institutions (CIs) in combination with bad debt settlement to ensure their safe, healthy and sustained growth.

Vietnamese air freight costs are much higher than the regional average and this is believed to be the main reason for Việt Nam’s low fruit exports.

Despite having increased at a relatively fast pace in recent years, Việt Nam’s labour productivity remained in the lowest group in East Asia with scores in backbone sectors of the economy even falling behind Cambodia, a report found on Tuesday.

PetroVietnam Power Corporation (PV Power) recorded a post-tax profit of VNĐ780 billion (US$34.2 million) in the first quarter of this year.

Vietnamese shares ended Tuesday on a negative note as investors tried to take profit from the market’s previous strong gains made in the first trading session of the week.

Ten out of 12 loss-making projects under the management of the Ministry of Industry and Trade (MoIT) have continued falling in the negative numbers, the ministry’s report said.

Việt Nam’s Ministry of Finance and the Kuwait Fund have signed an agreement worth about US$13.3 million for a multi-objective rural development project in Xín Mần District, in northern Hà Giang Province.

 The country’s cement consumption in the first four months of the year posted a year-on-year increase of 13 per cent to reach 29.83 million tonnes.

Singapore’s Gemadept and Sao Đỏ Group put Nam Đình Vũ Port’s first stage into operation in Nam Đình Vũ Industrial Park on May 7.

State Capital Investment Corporation (SCIC) said it would offload capital in 121 businesses in 2018.

The State Audit of Việt Nam (SAV) has proposed the Hà Nội Beer Alcohol and Beverage JSC (Habeco) pay the State budget VNĐ1.85 trillion (US$81 million) in tax liabilities.