Pressure takes it toll on VN markets

Selling pressure increased suddenly especially near the close of the trading session on Friday, hitting many large-cap stocks and putting pressure on the overall market.

Rain dampens Q3 thermal profit

Most thermal power companies have reported lower earnings in the third quarter of 2018 as increasing rainfall reduces demand for heat energy.

MIC moves closer to establishing ICT Industry Department

The Prime Minister recently gave approval in principle for the Ministry of Information and Communications (MIC) to set up an ICT Industry Department to promote the production of made-in-Việt Nam terminal equipment and boost the electronics industry.

State fund and Viettel to offload entire holding at Vinaconex

The State Capital Investment Corporation (SCIC) and Military-run telecoms group Viettel have decided to offload their entire stakes, collectively at 79 per cent, in the Việt Nam Construction and Import-Export Joint Stock Corporation (Vinaconex).

Medical expo to kick off in Hà Nội in December

The 25th International Medical, Hospital & Pharmaceutical Exhibition (Việt Nam MediPharm Expo), slated to take place in Hà Nội from December 6 to 8, promises to showcase new products and technologies.

Hậu Giang, RoK link up on farm tech

The Mekong Delta province of Hậu Giang will continue working with the Republic of Korea’s (RoK) organisation for agricultural technology transfer and trade (FACT) in forming agricultural production value chains, said Trương Cảnh Tuyên, vice chairman of the provincial People’s Committee at a working session with FACT representatives and some Korean businessmen on Thursday.

Đồng Nai FDI smashes yearly target

The southern province of Đồng Nai has drawn approximately US$1.6 billion in foreign direct investment (FDI) as of October 23, 60 per cent higher than the goal of $1 billion set for this year.

HDBank’s three-quarter profits shoot up 51%

HCM City Development Joint Stock Commercial Bank (HDBank) has announced that its pre-tax profit in the first nine months of 2018 rose 50.8 per cent year on year to nearly VNĐ2.9 trillion (US$128.2 million).

HSBC Vietnam wins global award from Visa

HSBC Vietnam has received the top honour from the Visa Global Service Quality Performance Awards for having the highest international authorisation approval rate for consumer credit in 2017.

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