Việt Nam News

The Central Highlands Province of Lâm Đồng organised a seminar to discuss ways to achieve its economic potential and attract investment in Đà Lạt City on December 26.

The first batch of Vietnamese star apples has been exported to the US by the Cát Tường Agricultural Products Producing & Processing Co Ltd from the Mekong Delta province of Tiền Giang, announced the Ministry of Agriculture and Rural Development (MARD) and provincial authorities on December 26.

The number of newly-established firms and firms resuming operations set a record in 2017 with more than 153,000 companies with total registered capital of VNĐ3.16 quadrillion (US$139 billion).

Vietnamese shares closed Tuesday on a positive note as large-cap stocks were boosted by expectations for better quarterly earnings and rising oil prices.

The banking sector's profits were anticipated to rise significantly in 2017, driven by the handling of bad debts and the recovery of the property sector.

Bắc Á Bank will debut 500 million shares, an equivalent to charter capital of VNĐ5 trillion (US$219.3 million), on the Unlisted Public Company Market (UPCoM) on December 28 under the code BAB.

Hòa Bình Construction Corporation (HBC) won a contract to produce reinforced concrete for a refinery project in Kuwait, the corporation said on December 25.

PetroVietnam Exploration and Production Corporation (PVEP) has estimated after-tax profit of VNĐ3.5 trillion (US$154.1 million) in 2017.

Việt Nam’s pharmaceutical market is estimated to record revenue of US$5.2 billion in 2017, a 10 per cent increase from last year. The market is set for double digit growth within the next five years, according to Việt Nam Report Company (VNR).

The Vân Phong petroleum bonded warehouse in Khánh Hòa Province expects to not have accumulated losses, returning to normal business in 2018, according to an official of the National Petroleum Group (Petrolimex).

Vietnam Airlines plans to reduce State ownership to 51 per cent of the charter capital in the next three years.

Proceeds from the sale of State capital at Sài Gòn Beer-Alcohol-Beverage Corporation (Sabeco) and other State-owned enterprises will be used for the right purposes as approved by the National Assembly.

The demand for ornamental fish in the country is large but fish breeders in HCM City have not fully exploited this market because of their small scale of production.

The insurance market has maintained a high growth rate of 21.2 per cent in 2017, gaining revenue of VNĐ105.61 trillion (US$ 4.65 billion), a senior finance ministry official has said.

Farmers in the Mekong (Cửu Long) Delta are busy with their flowers and other agricultural products in preparation for the Tết (Lunar New Year) holiday, which falls on February 16.

The Central Highlands provinces have attracted 235 investment projects from domestic investors with total registered capital of nearly VNĐ103.36 trillion (US$4.53 billion) so far this year, up nearly 203 per cent against 2016 and nine foreign direct investment (FDI) projects with a total capital of nearly $110 million.

After four months of development, the municipal Department of Information and Communications on Monday officially launched the Hà Nội business information portal with two domain names — http://hanoibusiness.vn and http//hanoibusiness.com.vn.

Vietnamese shares advanced on strong investor interest in large-cap stocks but declining liquidity signaled further volatility during the last week of the year.