Việt Nam News

Shares ended the first week of 2019 rallying after the previous three-day collapse had sent shares’ price down to attractive levels which triggered investors to bargain hunt.

The central province of Quảng Nam has approved hi-tech farming and agriculture park projects in Thăng Bình District and the township of Điện Bàn on 425 hectares of land with total planned investment of VNĐ5.4 trillion (US$239 million) by 2024.

HCM City-based fund management company, Dragon Capital, has become a major shareholder in Việt Nam’s three biggest securities firms.

Vietnamese agriculture and food company PAN Group JSC has sold all its capital contribution at PAN Pacific Company Limited and PAN Pacific Services Company Limited, the company announced in a statement published on its website.

HMD Global on Thursday launched Nokia 8.1, the newest addition to its flagship range, in Việt Nam.

The Government has directed the State Bank of Việt Nam (SBV) to focus on the settlement of non-performing loans (NPLs) in 2019 with the aim of bringing the NPL ratio of credit institutions – excluding those sold to the Việt Nam Asset Management Company (VAMC) – to below 2 per cent from the current 2.16 per cent.

The Việt Nam Software Association (VINASA) launched the Sao Khuê Awards 2019, the most prestigious honours for the Vietnamese IT and software industry, on Thursday.

Prime Minister Nguyễn Xuân Phúc has asked the State Bank of Việt Nam to step up its management to ensure the reasonable use of small banknotes as Tết (Lunar New Year) approaches.

Border gates in Lào Cai Province recorded trade value of US$3 billion in 2018, according to the customs office at the Lào Cai International Border Gate.

Việt Nam can keep inflation below 4 per cent in 2019 despite an unpredictable world economy, experts told a seminar on market developments and prices held in Hà Nội on Thursday.

2019 will be a busy year for ministries looking to cut business prerequisites, and firms should contribute to making the process more efficient, said Nguyễn Đình Cung, Director of the Central Institute for Economic Management.

Prime Minister Nguyen Xuan Phuc has said the Tax Department of HCM City has not yet enforced its tax decision on collecting VNĐ3.14 trillion (US$134.2 million) from Sài Gòn Beer-Alcohol-Beverage Corporation (Sabeco) for violations on special sales tax.

Việt Nam should become one of world’s top 15 most developed agricultural nations in the next ten years, said Prime Minister Nguyễn Xuân Phúc.

Shares declined further on Thursday with VN-Index breaking last year’s bottom of 880.85 points as a series of blue-chip stocks were hit hard, partly due to the affect of falling global market.

In 2018, the province lured above $532 million in foreign direct investment (FDI), up 51.3 per cent year on year.

Việt Nam’s economy expanded by 7.1 per cent in 2018, but its increasing openness and reliance on foreign investment suggest it is unlikely to be spared from the global growth slowdown arising from rising trade protectionism and tighter financial conditions.

The life insurance industry will grow at over 25 per cent this year, according to the Insurance Association of Việt Nam.

The Ministry of Industry and Trade has set up a council to scrutinise alleged violations of competition regulations in ride-hailing services firm Grab’s acquisition of Uber’s business in Việt Nam.