Việt Nam News

Việt Nam’s benchmark VN-Index was dragged down on Tuesday by large-cap stocks and net foreign selling after having rallied for three consecutive sessions.

 After three months in operation, the Nam Đình Vũ container terminal, in its first stage of operation, has received 35 ships and handled 25,000 TEU in total, with average crane productivity amounting to 50 moves per hour, a high productivity in the region. 

Việt Nam National Shipping Lines (Vinalines) will auction more than 488 million shares in its initial public offering (IPO) at the starting price of VNĐ10,000 (US$0.43) per share.

Business conditions related to the establishment and operation of joint stock commercial banks and non-bank credit institutions in Việt Nam will be eased under a draft circular from the State Bank of Việt Nam (SBV).

The number of aircraft registered as Vietnamese reached 174 as of the end of July 2018, up by 14 compared with the figure in the same period last year, according to the Civil Aviation Administration of Vietnam (CAAV). 

Like the leading companies in telecom, banking, real estate, and automobiles, Saigon Co.op, the country’s leading retailer, also made it to the list of the country’s largest taxpayers last year.

Although the direction of foreign capital inflow is becoming increasingly unpredictable due to many external factors, experts say that Việt Nam is still an attractive destination for foreign investors.

The Ministry of Industry and Trade (MoIT) has announced its decision to inspect retailers with a business model similar to that of Mumuso Việt Nam Company Limited.

Last week, international media reported that the Trump administration was considering slapping a 25 per cent tariff on US$200 billion of imported Chinese goods, 10 per cent higher than its initial proposal, in a bid to pressure Beijing to make trade concessions.

HCM City is seeking to improve the traceability of agricultural produce sold through both modern and traditional retail channels to improve food safety.

Businesses and business groups have called on Vietnamese ambassadors and trade counsellors abroad to help them promote exports.

 Vietnamese shares struggled on Monday following the decline of the Chinese market while blue chips continued to suffer from strong net foreign selling.

The country's largest power group Việt Nam Electricity (EVN) has announced it will divest from five companies in August.

The Hà Nội Stock Exchange organised 33 Government-bond auctions last month, raising VNĐ15.77 trillion (US$671 million), down 6.9 per cent against the previous month.

More than 760 luxury Mercedes GLC vehicles are being recalled in Việt Nam over faulty airbags after reports that they may be prematurely deploying in several certain conditions.

Toyota Việt Nam has asked the Vĩnh Phúc Province People’s Committee to lease 9.1 hectares of land in Phúc Yên city to expand its plant and increase its annual capacity from the current 50,000 units to 90,000 by 2023.

Indochina Hội An Beach Villas Company Limited, a subsidiary of Bamboo Capital JSC, has signed agreements with local and international companies for designing, building, construction supervision, financing, distribution, and others at its Malibu MGM Hội An condotel and villas in Quảng Nam Province.

HCM City leaders promised all assistance to businesses to ensure their sustainable growth and competitiveness at a meeting between them on Saturday (August 4).