Việt Nam News

Rồng Việt Securities on Thursday announced it achieved pre-tax profits of VNĐ138 billion (US$6 million) for 2017, a 125 per cent rise from the previous year.

Việt Nam spent more than US$2.15 billion importing 94,000 cars last year, marking a year-on-year decrease of 16.8 per cent in volume and 9.6 per cent in value.

State Capital Investment Corporation (SCIC) expects to make a pre-tax profit of VNĐ6.6 trillion (US$290.5 million) in 2017, posting a 33 per cent year-on-year increase.

Casino establishments in Việt Nam must soon equip their venues with features like a working camera system to aid the Ministry of Finance (MoF) in supervising the casinos’ operations, as part of the MoF's plans to legalise casino activities for Vietnamese people.

Credit card holders will not be allowed to withdraw cash at card readers of domestic points of sale (POS) from March this year, says the State Bank of Việt Nam (SBV).

Việt Nam Rubber Group is expected to list its shares on the HCM City Stock Exchange in June or July after its initial public offering on February 2.

The HCM City Export Processing Zones and Industrial Parks Authority (Hepza) hopes to attract new investment worth US$900 million this year.

Việt Nam Nutrition Food JSC (Nutifood) signed a contract with Delori Foods International on Thursday in HCM City to export its milk products to the US market.

Vietnamese shares bounced back on Thursday after Wednesday’s sharp fall sent stocks down to attractive prices, thus triggering investors to bottom-fish.

Standard Chartered expects Việt Nam’s economy to grow at 6.8 per cent in 2018, buoyed by strong manufacturing activity.

Việt Nam has planned to have 500 hi-tech agricultural cooperatives and to increase the high-tech farming production value by five times by 2020.

Viglacera Corporation JSC (Viglacera) plans to reduce its State ownership to 36 per cent this year, said Luyện Công Minh, executive chairman of the corporation.

Việt Nam will help the Cambodian agriculture sector to raise cashew output to one million tonne in the next 10 years.

Many firms are keen on investing some VNĐ100 trillion (US$4.4 billion) in renewable energy projects in Bạc Liêu Province, according to the provincial authority.

Vietnamese shares plummeted yesterday as investors realised short-term profits. Worries remained that the adjusted policy on margin lending could take effect early next month.

The Bình Sơn Refining and Petrochemical Company (BSR), the operator of the Dung Quất Oil Refinery in central Quảng Ngãi province, earned VNĐ5.5 trillion (US$244.5 million) through the sale of nearly 242 million shares during its initial public offering (IPO) held on Wednesday.

Many business people, who hold leadership positions at both banks and other firms, have decided to give up their positions in enterprises and keep the banking management positions to meet a new Government regulation.