Việt Nam News

Some 1,000 cars worth US$94 million were imported to the Vietnamese market in January, reports the General Statistics Office.

Vietnamese shares plummeted yesterday as investor confidence was dampened by worries over the increasing pace of the US central bank’s interest rate hike this year.

Last year, investment capital into the province-based IZs and EZs saw a year-on-year increase of more than VNĐ5.24 trillion ($231 million).

Some Vietnamese banks have made meaningful progress in the resolution of legacy problem assets, a positive credit for the sector, Moody’s said on Monday.

FPT Corporation reported a consolidated revenue of VNĐ43.8 trillion (US1.93 billion), a year-on-year increase of eight per cent, by the end of last year.

Việt Nam National Petroleum Group (Petrolimex) reported total sales of more than VNĐ155.65 trillion (US$6.83 billion) last year, a year-on-year increase of 26 per cent.

Foreign investors pumped in a total of US$77.6 million in the real estate market in January, according to statistics of the Foreign Investment Agency.

Bilateral trade between Việt Nam and Cambodia last year surged 29.7 per cent against the previous year to nearly US$3.8 billion, the General Department of Customs reported.

Construction of a fully-owned South Korean factory producing electronic components was kicked off on February 3 in the northern province of Yên Bái’s Trấn Yên District.

Prime Minister Nguyễn Xuân Phúc has agreed in principle to adjustments to the planning of Bãi Thơm Commune in Kiên Giang Province’s Phú Quốc Island.

Except for the US dollar, foreign currencies have surged against the Vietnamese đồng during the last month.

The entry of foreign securities companies has sharply raised the quality of services and technology in the market. But for all their success, the number of foreign brokerages has been increasing at a snail’s pace.

The number of local consumers using E5 in their autos has been increasing rapidly, though bio-fuel has only been put into use nationwide for just the past month.

The central province of Nghệ An is finalising procedures to approve and sign investment agreements for 12 projects in the first quarter of 2018.

Selling pressure is predicted to extend to this week’s trading, which may have negative impacts on the stock market, in the context of declining trade by foreign investors and unexpected movements in the US market.

Masan Group held a groundbreaking ceremony yesterday for its meat processing complex in the Đồng Văn 4 Industrial Park, Kim Bảng district, the northern province of Hà Nam.

After gaining positive business performance last year, many banks have planned to hold annual general meetings (AGMs) for 2018 soon.