Việt Nam News

As of January 20, FDI projects disbursed $1.05 million, 10 per cent higher than the same period last year.

Shares declined on the HCM Stock Exchange (HOSE) yesterday, dragged down by blue chips despite rising demand on the southern bourse.

The State Bank of Việt Nam (SBV) has issued a document asking credit institutions and branches of foreign banks to push the resolving of non-performing loans in 2018.

Despite concerns from economic experts about the undetermined scale and scope of Việt Nam’s undocumented market transactions, authorities are adamant that the illicit economy is under control and will soon be regulated heavily.

With its price more than doubling since early last year and trading at around VNĐ145,000 (US$6.38) now, the Phú Nhuận Jewelry Joint Stock Company’s share became one of the highest gainers on the Vietnamese stock market last year.

The average registered capital for each business this month was VNĐ9.1 billion (approximately $400,000), down 10 per cent year-on-year.

The number of firms using e-invoice has increased significantly in recent years due to its convenience and cost effectiveness.

The consumer price index (CPI) in January rose by 0.51 per cent over the previous month and 2.65 per cent over the same month last year, according to the latest updates from the General Statistics Office (GSO).

Việt Nam National Shipping Lines (Vinalines) is seeking to make its initial public offering (IPO) in mid-2018, with an expected chartered capital of US$630 million.

Based on its 2017 success, HCM City aims to attract between seven to eight million international visitors and a whopping 29 million domestic visitors in 2018.

The HCM City’s Science and Technology Department plans to promote a municipal Science and Technology Development Fund while seeking to focus State science and technology organizations on activities relevant to the market and wean them off public funds in 2018.

The products of HCM City and Laos are more complementary than competing in nature, meeting consumption and production demand of both sides. But their bilateral trade relation has not met the expectations of either side, according to the Investment and Trade Promotion Centre of HCM City (ITPC).

The Saigon Jewellery Association (SJA) will continue to call on the State Bank of Việt Nam to make it easier for jewellery businesses, who seek to invest in upgrading their production and trading technology, in accessing bank loans, its chairman said.

Since Vietnam Asset Management Company (VAMC) seized Sài Gòn One Tower using the authority conferred on it by Resolution 42 on settling bad debts, several banks have followed suit and offered mortgaged assets for sale to help pay their bad debts.

The Trường Hải Automobile joint-stock company (Thaco) officially inaugurated its first country’s smart truck and bus showroom and service centre in the central city, offering convenient facilities for customers in the central region.

The implementation of tariff reduction of zero per cent under the ASEAN Trade in Goods Agreement (ATIGA) from January 1, is an obsession with the Vietnamese sugar industry.

The event is described as a good opportunity for participated firms to advertise their trademarks and introduce their goods to local customers in order to boost the provincial trade turnover, organiers said.

Blockchain, a new technology to help explore the various forms of crypto-currencies, could open up new attractive environment for all businesses and investors, said Nguyễn Đức Cường, head of consultancy division at Vietstock – a local financial-business media.