Việt Nam News

Banks are expected to make major changes in the selection of their top personnel for the upcoming term from 2018 to 2023 to meet the Government’s new regulation.

Localities and businesses appreciate the efforts made by Vietnamese trade counsellors in helping the country’s businesses boost their exports, and want them to continue providing information in a timely manner.

National Assembly Chairwoman Nguyễn Thị Kim Ngân has urged the Ministry of Finance to quickly implement assigned tasks for 2018 right from the beginning of the year as this year plays an important role in fulfilling national targets and plans for the 2016-20 periods.

Việt Nam needs to develop its own automobile industry, create favorable import conditions and ensure production for more than 90 million people.

Sugar prices in domestic market have fallen so sharply that sugar mills and sugarcane farmers in the Cửu Long (Mekong) Delta are facing difficulties.

Vietnamese shares rallied on Monday but the uptrend weakened towards the closing minutes due to selling pressure in a number of blue-chips, especially during the ATC session.

Japan’s Jyuichiya Industries Co Ltd, specialising in welding, opened its first overseas factory on Monday in the DEEP C Industrial Zone in the northern Hải Phòng Port City.

Commercial Bank for Foreign Trade of Vietnam (Vietcombank) is planning to sell more than 350 million shares, or a 10 per cent stake, to foreign investors in the first half of 2018.

Automobile imports in Việt Nam plummeted in the first month of 2018, also the time before Tết (Lunar New Year) holiday.

Vietnam Oil and Gas Group (Petro Vietnam or PVN) plans to reduce its ownership of Petro Vietnam Gas Joint Stock Company (PV Gas) from the current 97 per cent to 65 per cent.

Logistics firm Gemadept Corporation plans to make an 80 per cent dividend payout rate, equal to VNĐ8,000 (35 US cents) per share, if its plan gets approved by the HCM Stock Exchange on Monday.

Bình Sơn Refining and Petrochemical Company (BSR) will trade shares on the Unlisted Public Company Market (UPCoM) with code BSR on March 1.

The State Capital Investment Corporation (SCIC) plans to sell nearly 30 per cent of its stake in Bình Minh Plastic JSC or 24.1 million shares on March 9 on the HCM Stock Exchange.

Gold products were sold out at a number of stores amid a sharp increase in customers compared to previous days during the God of Wealth Day on February 25.

Vietnamese stocks are expected to rise further with the benchmark VN-Index forecast to surpass its all-time peak of 1,170 in 2007 on rising investor confidence in the market outlook, analysts say.

Analysts expect the real estate market, especially the residential land segment, to continue to grow solidly this year thanks to huge infrastructure works in many places around the country accompanies by a raft of property developments.

Trade between Việt Nam and Ukraine was valued at US$35.5 million last month, an increase of 22.2 per cent year-on-year, according to the General Department of Customs.

Australia will cut 90 per cent of import tariff lines in 2018 and 100 per cent of them in 2020 under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) roadmap, said the Ministry of Industry and Trade (MoIT).