Việt Nam News

Vietnamese shares failed to maintain their upward trend on Thursday thanks to overwhelming selling pressure that persisted from the start of the trading hour to the closing minutes.

Re-structure is an unavoidable trend that Vietnamese companies especially the small and medium-sized enterprises (SMEs) and start-ups should follow in order to strengthen their competitiveness in the integration time, experts have said.

Việt Nam Payment Solution Joint Stock Company (VNPAY) and UnionPay International (UPI) signed a co-operation agreement on Wednesday on payment by QR code.

As many as 31 projects, worth VNĐ16.3 trillion (US$717.2 million), have so far been registered in the northern province of Thái Nguyên within the framework of its investment promotion conference.

FPT and Điện Quang Lamp Joint Stock Company, two national brands, signed a co-operation agreement on June 20 to develop smart electrical and lighting equipment using IoT (Internet of Things) technology.

The Government will sell 80.6 million shares of Viglacera Corporation, listed as VGC, from June 27 to July 21, reducing State ownership in the firm to 36 per cent.

The Vietnamese arm of South Korea’s largest multiplex cinema CJ CGV plans to make an initial public offering (IPO) on the Korean stock exchange.

The Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) has announced the adjustment of transaction limits on its online service VCB-Mobile B@nking starting June 19.

HCM City’s hotel market, especially the luxury segment, is attractive to investors due to the relentless rise in tourist numbers.

Việt Nam and the Philippines have great potential for trade and investment, a conference heard in HCM City on Wednesday.

Domestic retailers will continue to lead the market in the coming years, experts have said.

The US dollar has appreciated significantly against the Vietnamese đồng in the past few days in the wake of the US Federal Reserves (Fed)’s interest rate hike last week, but local officials and experts are not too worried, believing these hikes won’t affect Vietnam’s economy in any major way.

Thái Nguyên Iron and Steel Corporation (Tisco) has proposed its parent company – the Vietnam Steel Corporation (VNSteel), alongside the Ministry of Industry, Trade and Finance, and other relevant agencies assist the firm to extend loan dues and restructure debts to resolve financial issues.

Almost VNĐ400 trillion (US$17.48 billion) was given out in investment and licences to 71 projects last week. The decisions were made at an investment and development conference in Hà Nội. Mạc Quốc Anh, vice chairman cum general secretary of Hà Nội Association of Small-and-medium sized enterprise (SMEs) told the press about the city’s efforts.

Vietnamese shares rebounded on the two exchanges on Wednesday as strong buying boosted almost all local stocks following the market’s two-day decline.

The latest products and services in the construction, building materials, real estate and interior and exterior decoration industries are on show at the Vietbuild International Exhibition that opens in HCM City on June 21.

Thiều lychee, a unique fruit of the northern province of Bắc Giang, is expected to record VNĐ5.5 trillion (US$240.28 million) in value this year if it can retain its current price until the end of the fruit season.

The Vietnamese Embassy in Belgium held a workshop in Brussels on June 20 to speed up the signing and ratification of the European Union (EU)-Việt Nam Free Trade Agreement (EVFTA).