Việt Nam News

Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.

Eight large-cap stocks may be included in the Financial Times Stock Exchange (FTSE) Emerging Markets Index if Việt Nam gets upgraded from a frontier to an emerging market in 2020, according to Bảo Việt Securities Company (BVSC).

A project on unobserved economy statistics, expected to be launched next year, will serve as an important reference for the statistics sector to refine its expertise up to international practices.

The amendments to enterprise and investment laws should be aimed at promoting the development of the private sector, a conference held in Hà Nội was told on Wednesday.

Shares extended gains on Wednesday but the market still saw wide divergence among stock groups.

Thai financial firm Srisawad Corporation is looking to acquire the Finance Leasing Company I (ALC I) of the Vietnam Bank for Agriculture and Rural Development (Agribank) at an estimated cost of VNĐ523 billion (US$22.45 million).

Chairman of the Việt Nam Chamber of Commerce and Industry (VCCI) Vũ Tiến Lộc talks with Vietnam News Agency about potential policies to deal with the reality that Vietnamese products face fierce competition from imported ones, in part due to the impacts of free trade agreements and the increasing diversification of modern foreign distribution channels into the domestic market.

The HCM City People’s Committee will offer more support such as workforce training and financial assistance to companies that make key industrial products.

The Lenovo Group from China expressed a desire to develop a computer component manufacturing factory in the northern province of Bắc Giang during a meeting with local authorities on Tuesday.

The Civil Aviation Authority of Vietnam (CAAV) has recently asked the Ministry of Transport to approve its detail planning adjustments for Phú Quốc International Airport in the southern province of Kiên Giang and Pleiku Airport in the Central Highlands province of Gia Lai.

The Singaporean fund Ardolis Investment Pte Ltd has raised its ownership in the consumer staple firm Masan Group Corporation to 5.67 per cent with more than 65.9 million shares from the previous 4.47 per cent.

Domestic gold prices increased sharply on Wednesday morning, in line with gold gains on international markets.

The yield of Government bonds (G-bond) has continued to decline and hit seven-month lows as the US Federal Reserve (Fed) seems unlikely to hike interest rates and the domestic monetary market has shown positive movements.

The central city is planning to allocate 300ha for the development of a horse racing track and farm with total investment of US$200 million.

The slow listing of post-equitisation firms, including State-owned enterprises (SOEs), may make Vietnamese firms less attractive regarding a lack of corporate transparency and government agencies managing those firms must be blamed for the problem.

The Ministry of Finance has asked the Government to amend its laws to eliminate the special consumption tax on locally manufactured auto parts and components, a move which could reduce prices of locally assembled cars.

Detailed regulations for labeling products as ‘Made in Việt Nam’ are needed to create a legal framework preventing fraud as well as protecting local production and consumers.

Việt Nam was an impressive emerging market with a rapid increase of foreign direct investment (FDI) as well as the appearance of mega-factories in recent years, stimulating technology corporations to expand their presence here.