Việt Nam News

Vietnamese shares ended this week down as the conclusion of the two exchange-traded funds (ETFs) for the third-quarter portfolio restructuring on Friday drown many large-caps.

Vietnamese users suffered a record VNĐ14.9 trillion (US$637.6 million) in damage from computer viruses this year, an increase of 21 per cent over last year, according to a cyber security assessment report released by Bkav Technology Group this week.

Food producer KIDO Group has raised its foreign ownership cap from 49 per cent to 100 per cent, according to a proposal approved by the State Securities Commission on Wednesday.

The retail price of biofuel E5 RON 92 fell by VNĐ394 to trade at a maximum of VNĐ16,787 (US$0.72) per litre at 3pm today, the Ministries of Industry and Trade and Finance announced.

Komite Anti-Dumping Indonesia (KADI) under Indonesia’s Ministry of Trade officially decided to continue applying the anti-dumping tax of 3.9 per cent on the products from Việt Nam for an additional five-year period.

The State Bank of Việt Nam (SBV) has directed relevant agencies to take rapid measures to ensure automatic teller machine (ATM) service quality and safety during the months approaching the Tết (Lunar New Year) holiday, when there is high demand for cash transactions.

India is strong in fibre and yarn production and Việt Nam is dependent on import of feedstock for its textile industry, and so they could both benefit by co-operation, a business interaction event heard in HCM City on Wednesday.

Experts have suggested changing the number of and the time spent for inspections of export activities, including customs clearance, to help reduce costs for enterprises.

The Unlisted Public Company Market (UPCoM) has gained less attention compared to the Hồ Chí Minh and Hà Nội stock exchanges in the last few months, but there are some names expected to boost investor confidence.

The State Securities Commission (SSC) has issued a decision to fine Beta Securities Incorporation VNĐ125 million (US$5,500) for violating rules on margin trading.

Việt Nam was one of the fastest growing economies in the world and had been recognised as the new economic tiger of Asia.

With increasing incomes, consumers are paying greater attention to products of high quality and health foods, and producers and distributors need to focus on such products, a forum on Vietnamese high quality foods and agricultural products heard in HCM City on December 20.

Vietnamese and foreign firms are increasingly resorting to arbitration for settling disputes related to mergers and acquisitions, experts told a conference in HCM City on December 20.

Investment in the central province of Hà Tĩnh has reached a total of US$294 million this year.

Việt Nam’s trade with Republic of Korea (RoK) increased 7 per cent in the first 11 months of this year, making the country the RoK’s fourth largest trading partner after China, the United States and Japan.

Domestic losses slackened off on Thursday although global markets was strongly affected by the outcome of the US Federal Reserve (Fed)’s meeting on Wednesday.

Đặng Huỳnh Ức My plans to purchase the shares between December 24 and January 22, via both order-matching and put-through transactions, the company said in a statement on Wednesday.

Vietnamese platform FastGo is not yet eligible to provide a ride-hailing service, according to the ministries of Industry and Trade and Transport.