Air fares rise ahead of Tết holiday

Travellers preparing for the Tết (Lunar New Year) holiday are facing higher fares and a shortage of tickets, with some flyers having to book late evening flights, or book early or late, to save money on domestic routes.

Banks earn increasing profits from services

In the first nine months of the year, the Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank)’s pre-tax profit exceeded the full-year 2017 figure and closed in on the year’s target.

FDI firms expand in local textile-garment sector

Việt Nam had become increasingly appealing to large foreign investor groups in the textile and garment industry who wanted to seize opportunities before the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in January next year, according to analysts.

VN-Index drops for eighth session

VN-Index fell for an eighth consecutive session on Monday due to increased selling pressure at the end of the trading session.

 

Hà Tĩnh asks to close Thạch Khê iron mine

The central province of Hà Tĩnh’s Department of Science and Technology (DoST) proposed shutting down Thạch Khê iron mine – the largest of its kind in Southeast Asia – to protect the environment.

Việt Nam targets high-tech FDI for development

Việt Nam would continue encouraging foreign investments in the long term, with focus on high-tech projects and modern governance in a move to expand export markets, join global supply chains and enhance competitiveness.

Computer viruses cause record loss of $637m

Vietnamese users suffered a record VNĐ14.9 trillion (US$637.6 million) in damage from computer viruses this year, an increase of 21 per cent over last year, according to a cyber security assessment report released by Bkav Technology Group this week.

ETF portfolio restructuring weighs on shares

Vietnamese shares ended this week down as the conclusion of the two exchange-traded funds (ETFs) for the third-quarter portfolio restructuring on Friday drown many large-caps.

KIDO eliminates foreign ownership cap

Food producer KIDO Group has raised its foreign ownership cap from 49 per cent to 100 per cent, according to a proposal approved by the State Securities Commission on Wednesday.

Petrol prices see fifth straight decrease

The retail price of biofuel E5 RON 92 fell by VNĐ394 to trade at a maximum of VNĐ16,787 (US$0.72) per litre at 3pm today, the Ministries of Industry and Trade and Finance announced.

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