Việt Nam News

The HCM City court on Friday ordered ride-hailing firm Grab to pay VNĐ4.8 billion (US$210,300) worth of compensation to local taxi firm Vinasun.

Choi Joo Ho was officially appointed as general director of Samsung Việt Nam to replace Shim Won Hwan who returned to South Korea to take over new responsibilities.

MobiFone Telecommunications Corporation, one of Việt Nam’s three largest mobile network operators, posted pre-tax profit of nearly VNĐ6.05 trillion (US$258.33 million) in 2018, fulfilling its target for the year and representing a rise of 7.5 per cent compared to 2017.

Việt Nam National Garment and Textile Group (Vinatex) posted revenue of nearly VNĐ48.7 trillion (US$2.08 billion) and pre-tax profit of VNĐ1.53 trillion in 2018, a year-on-year increase of 6.6 per cent and 6.2 per cent, respectively.

Việt Nam’s exports were becoming more sophisticated with an impressive diversification of its export basket and increases in the shares of higher-value manufacturing exports,  according to a recent World Bank’s report about updates on the country’s economic development.

The Vietnamese economy grew 7.08 per cent in 2018, the highest growth rate for the past 11 years, fuelled by an improved business climate, positive economic structure transformation and impressive exports, the latest updates from the General Statistics Office (GSO) revealed.

Although the cold chain logistics sector in Việt Nam is considered small and fragmented, the market has shown signs of improvement due to the increasing demand for high quality products.

More than 16,600 cases of smuggling and trade fraud have been uncovered this year, up 10 per cent against last year, the General Department of Việt Nam Customs reported.

Vietnamese shares rebounded strongly from the previous losing streak but it was seen as a technical recovery as investors were still cautious ahead of the year-end holiday.

The leather and footwear sector needs to develop supporting industry to reduce reliance on the import of raw materials, enhance competitiveness and boost high-value exports, according to Deputy Minister of Industry and Trade Cao Quốc Hưng.

Around 220 businesses are displaying a wide range of products at the 2018 Consumption Promotion Fair which opened in HCM City yesterday (December 27).

Việt Nam has leapt to become Southeast Asia’s top grossing market for initial public offerings in 2018 with total proceeds of US$2.6 billion.

TOWA Industrial Vietnam Co.Ltd has begun construction of a high-tech factory to produce precision machine parts at the Hòa Phú Industrial Park in the Mekong Delta province of Vĩnh Long.

The Lào Cai Gold JSC has gained approval from the Hà Nội Stock Exchange to trade its 10.5 million shares on the Unlisted Public Company Market (UPCoM), making it the first gold miner to trade on the Vietnamese equity market.

Sài Gòn-Hà Nội Securities JSC (SHS) plans to issue more than 101.8 million shares to provide funding for its business activities and double its charter capital.

The Ministry of Construction on Wednesday transferred ownership of State capital at the Infrastructure Development and Construction Corporation (LICOGI) to the State Capital Investment Corporation (SCIC).

The State Treasury of Việt Nam mobilised nearly VNĐ165.8trillion (US$7.09 billion) through Government bond auctions on the Hà Nội Stock Exchange (HNX) in 2018.

The central province of Quảng Ngãi has signed an investment registration certificate for Belgium’s NV Bekaert SA to build a steel fiber factory in the province.