VPBank posts $356.6 million pre-tax profit

Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) posted pre-tax profit of more than VNĐ8.1 trillion (US$356.6 million) in 2017, registering a 65 per cent year-on-year increase.

VN’s FTAs: Boon or Bane?

As 2018 rolls in with newer and weightier free trade agreements (FTAs), Vietnamese enterprises are faced with a do or die situation. Eventually, they can either fully adapt and move up the global supply chain, or stand by helplessly while imported goods take over the country’s market.

Association proposes stopping temporary import of sugar

The Việt Nam Sugar and Sugarcane Association has proposed to the Prime Minister not to allow an extension for temporary sugar imports for re-export as the sweet industry was struggling with high stockpiles and slumping prices due to illegally imported sugar.

Little movement forecast for Vietnamese stocks

Vietnamese shares are forecast to move marginally this week as investors could realise their earnings after having priced in the growth prospects of both the market and local stocks.

VN-China trade likely to reach $100 billion

Vietnamese exports to China experienced a significant yearly increase of 61.5 per cent to over $35.46 billion. That helped to reduce Việt Nam’s trade deficit with China to $22.76 billion last year from $28 billion in 2016.

 

MoIT to support steel businesses

The Ministry of Industry (MoIT) will continue to support local steel enterprises this year in their production and business, especially use of trade defence measures protecting the domestic steel industry.

Seminar hails S Africa, VN trade

There is enormous potential for investment and trade between his country and Việt Nam, according to political section counselor at the South African Embassy in Hà Nội, Mat Matiwane.

VN stocks soar on positive outlook

Vietnamese shares advanced further yesterday as investor sentiment was cushioned by recent strong recovery of the market and hopes for better corporate performances in 2018.

Fuel prices hiked on increase in global prices

Retail price of biofuel E5 RON 92 was hiked by VNĐ429 to VNĐ18,672 (US$0.82) per litre from 3p.m Friday afternoon, according to the announcement by the ministries of industries and trade and finance.

NEWS FROM MEDIA-OUTREACH

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