Việt Nam News

The Việt Nam National Oil and Gas Group (PetroVietnam) has continued to affirm its role as one of leading economic groups in the country.

The Airports Corporation of Việt Nam (ACV) has sent a proposal to the Ministry of Transport (MoT) to build the passenger terminal (T3) at Tân Sơn Nhất International Airport with a total investment of VNĐ11.4 trillion (US$487.2 million).

Vietnamese shares gained ground on Friday as investors continued looking for opportunities in firms with high chance of better-than-expected earnings reports while improved sentiment on global markets provided some support.

New-age carrier Vietjet launched a service connecting Hà Nội and Tokyo on Friday.

The Bank for Investment and Development of Việt Nam (BIDV), one of the largest in the country, was named the Best Retail Bank in Việt Nam at The Asian Banker Việt Nam Country Awards.

Viettel again took first position in the list of the top 50 most valuable brands in Việt Nam in 2018 with a value of more than US$3.1 billion, increasing 24 per cent from the previous year.

The brewer will also contribute above VNĐ5 trillion ($215 million) to the State budget, Habeco’s General Director Ngô Quế Lâm said at the conference to review the company’s performance in 2018 and outline tasks for 2019 in Hà Nội this week.

The total value of outstanding loans and investment capital among Hà Nội-based credit institutions in 2018 surged by 16.92 per cent against the previous year to VNĐ1,870 trillion (US$80.26 billion), the State Bank of Việt Nam (SBV)’s Hà Nội branch reported.

Vietnamese e-commerce platforms Tiki, Thegioididong and Sendo were named among ten most visited sites in Southeast Asia by price comparison website iPrice Group.

Bamboo Airways, the fifth airline to launch in Việt Nam, would start selling tickets from 12pm on Saturday, Vice President Dương Thị Mai Hoa said on Thursday.

Việt Nam exported more than 1.8 million tonnes of coffee worth US$3.54 billion in 2018, marking year-on-year rises of 20 per cent and 1.2 per cent respectively.

Thành Thành Công One-Member Company Limited, a member of Thành Thành Công Corporation, plans to ship 1,000 tonnes of molasses to Australia’s Queensland this month, which is dealing with ongoing drought.

Vietnam Nutrition Food JSC (NutiFood) and Japanese beverage group Asahi, the owner of baby food brand Wakodo, on Thursday announced the establishment of a joint venture, aiming to bring nutritional products for children that meet Japanese standards to the Vietnamese market.

Steel producer Hoa Sen Group reported that it shipped 17,000 tonnes of steel sheets to the US worth US$14 million on Thursday.

The central province of Quảng Nam granted 26 new foreign direct investment (FDI) projects with total capital of nearly US$300 million in 2018, bringing the total number of FDI projects in the province to 169, worth $5.8 billion.

Việt Nam’s economic growth could reach 6.9 per cent in 2019, an increase of 0.1 per cent compared to the 2019 socio-economic development plan adopted by the National Assembly, in the context that Việt Nam is benefiting from the US-China trade war.

The net value of foreign capital flowing into Việt Nam’s equity market in 2018 hit US$2.8 billion, according to State Securities Commission vice chairman Phạm Hồng Sơn.

Despite the central bank’s tightened monetary policy, many banks reported good business performance last year thanks to improved bad debt resolution and rising income from services.