Shares advanced on Thursday on the two national stock exchanges, propped up by foreign purchases and the information that Việt Nam’s stock market was added into the FTSE Russel’s watch list for a possible market status upgrade.
A display area for the products of the provinces along the Việt Nam - Laos border opened on September 27 in Đồng Hới City, Quảng Bình Province by Việt Nam's Ministry of Industry and Trade and the Ministry of Industry and Trade of Laos
The latest US tariffs on Chinese auto parts was likely to hit Việt Nam’s rubber industry, said head of the Vietnam Rubber Association (VRA)’s Rubber Development Consulting Division Trần Thị Thúy Hoa.
The country should revise Decree 83 on petrol trading, especially regulations related to the calculation of output prices to ensure a transparent petroleum market, said Đỗ Hoàng Anh Tuấn, deputy minister of Finance Ministry.
The Ministry of Industry and Trade released the results of an auction for 94,000 tonnes of imported sugar this on Wednesday in Hà Nội.
With the US economy still strong, the Federal Reserve raised the benchmark interest rate on Wednesday for the third time this year but showed no indication it would be more aggressive in efforts to head off inflation.
The US-China trade war is escalating sharply. In the most recent move, the US imposed a 10 per cent tariff starting from Monday on US$200 billion of Chinese imports. These tariffs will then rise to 25 per cent on January 1. In retaliation, China has decided to impose taxes on about $60 billion worth imports from the US together with the publication of a white paper about US trade frictions. For Việt Nam, the trade war will bring opportunities and risks. Việt Nam News reporter Mai Linh talks with industry associations about possible impacts of a trade war between the world’s two largest economies on their industries.
The Asian Development Bank (ADB) has projected Việt Nam’s economic growth will be 6.9 per cent this year, taking 0.2 percentage points off from their April forecast as exports, agriculture, construction, and mining are expected to slow in the second half of the year.
Banks are confident about meeting their profit targets for 2018 despite the central bank curtailing credit expansion in the second half of the year.
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Many heavyweight stocks declined towards the end of the Wednesday’s session, driving down the Hồ Chí Minh Stock Exchange’s VN-Index for a second day.
The green housing market needs support from the State, businesses and consumers to keep up with strong global development, experts said at a seminar on Wednesday in Hà Nội.
The Ministry of Finance will apply the technological achievements of the fourth industrial revolution (Industry 4.0) to build a smart governance foundation, provide financial services and participate in the development of digital economy.
Việt Nam’s finance and banking sector has reduced its ratio of non-performing loans (NPLs) – including both NPLs owned by credit institutions and the Việt Nam Asset Management Company – from 17.2 per cent in 2012 to 6.7 per cent at the end of June 2018.
Sài Gòn Beer-Alcohol-Beverage Corporation (Sabeco) will advance shareholders a cash dividend of 15 per cent next month, the company has announced.
Toll fees on Bạch Đằng Bridge connecting the northern coastal province of Quảng Ninh and the port city of Hải Phòng will start at the beginning of October.
Masan Resources Corporation’s management board has approved the issuance of a maximum of 10 million bonds worth total VNĐ1 trillion (US$43 million), the company announced.
The Ministry of Transport has agreed to upgrade Thọ Xuân Airport in the central province of Thanh Hóa to an international terminal.
Total import-export tax revenue collected through e-payments reached VNĐ191.15 trillion (US$9.2 billion), accounting for 95 per cent of the total revenue to the State budget, from January 1, 2018 to September 5, 2018.
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