Việt Nam News

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.

Saigon Securities Incorporation (SSI) targets pre-tax profits of VNĐ1.615 trillion (US$70.8 million) on revenues of VNĐ3.41 trillion ($149.56 million) this year, year-on-year increases of 12 per cent and 15 per cent.

More efforts should be made to boost administrative reform in the banking system to further facilitate access to credit for micro, small and medium enterprises.

Prime Minister Nguyễn Xuân Phúc urged Samsung to expand investment in Việt Nam not only in the field of assembly of electronic products but also to improve its technological development and to manufacture new generation technology products.

National branding must accommodate international integration and sustainable export development, according to experts at the annual brand forum organised on Friday by the Việt Nam Trade Promotion Agency (VIETRADE) under the Ministry of Industry and Trade (MoIT).

Total retail sales of goods and services in HCM City topped an estimated VNĐ510.19 trillion (US$22.27 billion) in the first half of the year, an increase of 12.5 per cent year-on-year, according to the city Department of Industry and Trade.