Việt Nam News

Shares advanced further towards the end of Monday’s afternoon session on solid investor confidence following the successful auction of brewer Sabeco’s shares, as well as strong recovery of major large-cap stocks.

The People’s Committee of Bến Tre has approved the proposal of Nexif Energy, an independent power producer in Asia and Australia, to develop a wind power project with 80MW capacity in the southern province.

The Vietnam National Coal and Mineral Industries Corporation (Vinacomin) signed a contract to supply alumina to Emirates Global Aluminum (EGA) from the United Arab Emirates (UAE) from 2018-20.

The Việt Nam Construction and Machinery Installation Corp (Lilama) will withdraw 15 per cent of its capital at its affiliate, Lilama 45-1 Joint Stock Company.

Remittance inflows to HCM City in the 11 months of this year reached US$4.55 billion, Nguyễn Hoàng Minh, deputy director of the State Bank of Việt Nam’s HCM City branch, said.

Huy Long An Limited Company and Japan’s Sawai Ranch on Sunday signed an agreement for cooperation in Japanese-style Waguy cow farming in southern Long An Province’s Đức Huệ District.

Vietnamese shares are expected to move marginally in the last two trading weeks of 2017 as investors take a rest, however the selling of brewer Sabeco shares should give a short boost to the market.

According to the ASEAN Trade in Goods Agreement (ATIGA), Việt Nam will have to cut 669 tariff lines to zero per cent in January 2018.

Rice products will be certified under the “Vietnam Rice” national brand if they are produced in accordance with VietGAP or GlobalGAP standards -- good agricultural practices to produce clean and safe farm products.

The central city of  Đà Nẵng has called for VNĐ1.5 trillion (US$66.3 million) investment in five high-tech farms to create a centre of hi-tech-farming in the central and central highlands region.

Despite untapped potential for development, Việt Nam’s bamboo and rattan sector is still facing challenges that are preventing a growth spurt, according to industry insiders.

A huge potential exists in the country for start-ups that find innovative solutions for existing problems, and young people must be the game changers for this to happen.

Russian Export Centre and E&N Group on December 14 opened Russian Gastro House in HCM City’s District 1 to help Russian companies introduce their products directly to Vietnamese customers.

Cyber security will be difficult to maintain next year as hackers use smarter and more sophisticated technology to make attacks, Nguyễn Thành Hưng, Deputy Minister of Information and Communications, said this week.

HCM City authorities yesterday discussed the current shortcomings of tax and customs regulations in Việt Nam at a dialogue between the city authority and enterprises.

All shares of the Agribank Gold Joint Stock Corporation (AJC) offered by the Vietnam Agriculture and Rural Development Bank (Agribank) at the December 15 auction were sold to three domestic investors, the Hà Nội Stock Exchange announced.

FPT Software and Airbus signed a Letter of Intent (LoI) on looking into opportunities to develop aviation technology related to Airbus’s Skywise, a new aviation data platform, on Thursday.

Nearly 69 million shares of the Apax Holdings Joint Stock Company on December 15 were officially listed under code IBC on the HCM Stock Exchange at a reference price of VNĐ20,000.