Việt Nam News

Foods and flavours producer KIDO Group (KDC) plans to earn VNĐ800 billion (US$35.1 million) in pre-tax profit in 2018, up 43 per cent year-on-year, the group has announced.

The HCM City office market is rife with opportunities for property developers, especially the grade A and B segments which have been labouring under a shortage for the last couple of months, experts said.

Global credit rating firm Moody’s Investors Services has upgraded Vietnam Prosperity Bank (VPBank)’s baseline credit assessment from B3 to B2, and its counterparty risk assessment from B2 to B1.

The Thành Công Textile Garment Investment Trading Joint Stock Company sees both revenue and profit down 1.3 per cent in 2018, due to poor business performance and foreseeable difficulties and challenges ahead.

The Mekong Delta province of Bạc Liêu has begun plans to expand its shrimp aquaculture industry, with the kick off earlier this year of construction of the Bạc Liêu high-tech agricultural zone in Hiệp Thành commune in Bạc Liêu city.

Uber’s withdrawal from the Asian market is expected to redraw the ride-hailing market including in Việt Nam.

Technology is seen as one way to help domestic logistic enterprises cut costs to gain an edge amidst higher demand in global transport.

Credit institutions and foreign banks will be allowed to grant loans to some prioritised borrowers in excess of lending limits regulated by law beginning next month.

The Vietnamese stock benchmark VN Index came close to its new record high of 1,200 points last week on the prolonged rally of large-cap shares, and the uptrend is expected to continue in the coming five sessions.

Long An authority met with representatives of the South Korea business community last week in a bid to remove work related obstacles in the southern province.

The prices of all kinds of fuel increased as from 15:00 of April 7 following a joint decision of the Ministry of Finance and Ministry of Industry and Trade.

The real estate market in the southern province of Đồng Nai still lacks a strategy to develop and attract high-powered investors, despite its many inherent advantages.

Grab’s acquisition of Uber opens the door for Vietnamese businesses to enter the ride-sharing market, said Khuất Việt Hùng, vice chairman of the Việt Nam National Safety Traffic Committee.

Việt Nam’s benchmark VN Index made a three-day increase to near the all-time peak of 1,200 points yesterday on strong growth of property developers and building contractors.

Strategic investors in tourism-casino complex will have to commit an investment of some US$1 billion for a casino project.

Cambodia and Myanmar offer huge investment opportunities in the agricultural sector for Vietnamese firms, experts said.

The Việt Nam Bank for Industry and Trade (VietinBank) and the Petrolimex Group Commercial Joint Stock Bank (PG Bank) have called off a potential merger after nearly two years of negotiations.

Đồng Tháp Province, already the largest tra fish producer in the Cửu Long (Mekong) Delta, has further increased the breeding area this year because of the high prices the fish is fetching.