PVN plans stake cut to 36% in PVD

PetroVietnam (PVN) has proposed the Ministry of Industry and Trade approve the reduction of its ownership in PetroVietnam Drilling and Well Services Corporation (PVD) from 50.4 per cent to 36 per cent.

Market’s short-term prospects look positive

The short-term uptrend of the stock market remains positive this week as investors may head to companies with third-quarter earnings prospects but some corrections are needed to help Vietnamese shares consolidate before rising further.

Bình Sơn Refining’s profit exceeds target

Bình Sơn Refining and Petrochemical Company (BSR) reported post-tax profits of nearly VNĐ3.6 trillion (US$1.5 million) in the first seven months of 2018, meeting 172 per cent of its seven-month target and 103 per cent of the annual target.

Vinamilk to spend $170m on Cần Thơ hi-tech farm

Vinamilk, Việt Nam’s largest dairy producer, will splash out some VNĐ4 trillion (US$171.3 million) to develop a 6,000-ha complex of hi-tech dairy farms in the Mekong Delta city of Cần Thơ under a newly-inked agreement with Sông Hậu Farm Corporation.

Online, digital advertising on the rise

Việt Nam’s rising usage of mobile devices and the internet has led to great opportunities for digital and online advertising, experts said at a conference on advertising yesterday (August 10) in HCM City.

Moody’s upgrades Việt Nam’s ratings

Moody’s Investors Service on Friday upgraded the Government of Việt Nam’s long-term issuer and senior unsecured ratings to Ba3 from B1 and changed the outlook to stable from positive.

Real estate unlikely to see big changes this year

With inflation, gold prices and stock markets remaining stable and further tightening of credit interest rates on the cards, the country’s property market is unlikely to experience any major changes this year. Deputy Minister of Construction Nguyễn Văn Sinh spoke to Thời báo Kinh tế Việt Nam (VnEconomy) about the issue.

A luxury goods boom for Việt Nam

Brian Spence, our expat financial services expert, examines why luxury retailers are vying to establish themselves in Việt Nam and how this might be a cue to diversify your investments geographically.

New Co.opmart store in Tây Ninh

Saigon Co-op, the country’s leading fast-moving consumer goods retailer on August 10 opened a new Co.opmart supermarket in Tây Ninh Province’s Gò Dầu town, the 98th Co.opmart store in the country and fourth in the province.

City to host int’l pharma, health expo

The 13th International Exhibition on Products and Supplies for Medical, Pharmaceutical, Hospital and Rehabilitation (Pharmed and Healthcare Viet Nam 2018) will be held next month in HCM City.

Nearly 26,600 flights delayed, cancelled

Four domestic carriers – Vietnam Airlines, Vietjet, Jetstar Pacific and the Việt Nam Air Services Company (VASCO) reported 26,578 delayed and cancelled flights, or 15 per cent of their total flights, in the first seven months of 2018.

VN stocks gain on divestment plans

Vietnamese shares ended Friday on a positive note, driven by financial-banking and energy sectors as confidence was boosted by news on State capital divestment from State-owned businesses.

NEWS FROM MEDIA-OUTREACH

E-paper