Shares drop on selling pressure

Vietnamese shares declined on Thursday as the market reversed quickly at the end of the trading session and especially during the ATC session, dragged down by blue chips in the banking and energy sectors.

 

VN startups angle for capital

Vietnamese startups kicked off the new year by mingling at the 2018 Demo Day Investment Festival (Demo Day) on Thursday, aiming to present themselves to a crowd of potential domestic and foreign investors.

Border trade decree opens new doors to region

In a newly issued decree, the Government has made an effort to boost border trade quotas and the overall trade situation for Vietnamese residents in the border area between Việt Nam, China, Laos and Cambodia.

Fuel price hike strains firms

Many companies have tried their best to keep goods prices down at a time the customers’ purchasing power is rising and the Ministry announced an increase in fuel prices, with the price of a litre of the E5 ron 92 petrol to increase by VNĐ429 to VNĐ18,672 (US$0.823) on 19 January 2018.

 

January industrial production up 21%

GSO attributed the impressive IIP growth to the fact that domestic firms have concentrated on producing goods to meet increasing demands of local people for the Lunar New Year (Tết) holiday, which will be in February this year, unlike last year when it was in January.

Vinamilk’s profit rises 9 per cent

The Việt Nam Dairy Products Joint Stock Company (Vinamilk) posted an after-tax profit of nearly VNĐ10.3 trillion (US$452.5 million) last year, an increase of 9 per cent year-on-year.

Vietnam PMI hits 9-month record high in January

The Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) in the first month of this year rose to the highest level since April 2017, indicating solid conditions in the manufacturing sector.

Tax enforcement staff to focus on cutting collection losses

The General Department of Taxation (GDT) announced its 2018 plans and last year’s results yesterday, focusing on implementing revenue management solutions, reducing tax collection losses and managing arrears and value-added tax refunds.

Market for Tết gift hampers booms in HCM City

Trần Ngọc Mai of HCM City’s Bình Thạnh District bought two Tết hampers at a supermarket in District 2 to gift her relatives for Lunar New Year, which falls on February 16 this year.

Retail sales up 9.5% in January

Total revenue from retail trade and services reached VNĐ361 trillion (US$15.84 billion) in January, surging 3 per cent over December and 9.5 per cent over the same month last year.

Future bright for VN’s woodworking industry

Việt Nam's woodworking industry has registered significant growth in recent years. The industry earned US$8 billion last year, up from $7.3 billion in 2016. Huỳnh Văn Hạnh, standing deputy chairman of the Handicraft and Wood Industry Association of HCM City, and Nguyễn Chánh Phương, director of Danh Mộc Co., Ltd, speaks to Việt Nam News about all this and more.

Electronics industry growing

The number of workers in the electronics industry is on the rise, and e-businesses will be a critical source of employment in the future. However, up to 80 per cent of such firms say they find it difficult to recruit technicians.

2018 to be equitisation peak

Deputy Prime Minister Vương Đình Huệ said that 2018 will be the peak year for equitisation of State-owned enterprises (SOEs) and State capital divestment.

PV Power raises $311 million from IPO

PetroVietnam Power Corporation (PV Power) on Wednesday raised almost VNĐ7 trillion (US$311 million) for the Government by selling a 20 per cent stake at the initial public offering (IPO) held at the Hà Nội Stock Exchange.

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