VinaCapital buys BSR and PV Power shares for $45 million

The closed-end VinaCapital Vietnam Opportunity Fund (VOF) has spent US$45 million to purchase shares of Bình Sơn Refining and Petrochemical Company (BSR) and PetroVietnam Power Corporation (PV Power) at their initial public offerings (IPO).

Việt Nam works to stop illegal fishing

Việt Nam has been actively working to implement the European Commission (EC)’s recommendations since it announced a yellow card on Vietnamese fisheries on October 23 last year.

Exports of tra fish to UK increase

Tra fish exports to the UK were worth US$45.7 million last year, an increase of 2.5 percent over the previous year, according to the Vietnam Association of Seafood Exporters and Producers.

Homemade tractors roll out in Quảng Nam

Local Trường Hải Automobile Company (Thaco) rolled out the first made-in-Việt Nam tractor at the agricultural machinery manufacturing factory in the Chu Lai-Trường Hải Industrial Complex after one year of construction.

Positive outlook for FMCG sector

Fast moving consumer goods are expected to have another year of strong growth in 2018 and rise 6-7 per cent over the preceding year, according to a Kantar Worldpanel report on Việt Nam FMCG market.

Stocks set to rise further after Tết

Việt Nam’s stock market is expected to rise further after the Tết (Lunar New Year) holiday and even throughout 2018, boosted by positive macro economic development as well as support of foreign traders.

Thái Bình begins $24.6m auto parts factory

Construction on a US$24.6-million auto parts factory is under-way in the northern Thái Bình province’s Tiền Hải Industrial Zone with completion expected in July 2019.

1,500 tonnes of dragon fruit shipped to China

Up to 1,560 tonnes of dragon fruit got customs clearance for export to China via the Lào Cai international border gate on February 17-18 - the first two days of Lunar New Year. 

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