Việt Nam News

Vietnamese shares sloped on Tuesday as recent rallies triggered a massive sell-off among investors to lock in profits and further market decline is in forecast for local markets.

As many as 72 per cent of Vietnamese fintech companies were opting to co-operate with local banks instead of competing, according to Lê Anh Dũng, director of the Payment Department under the State Bank of Việt Nam.

Experts have warned enterprises to be more cautious with their US dollar loans amidst a significant rise in the lending and appreciation of the greenback.

The internet of things (IoT) is growing rapidly world-wide ushering in momentous changes and huge opportunities for businesses, a conference heard in HCM City on June 12.

Việt Nam imported more than 5.56 million tonnes of oil and petroleum products worth nearly US$3.6 billion in the first five months of the year.

Việt Nam Vegetable Oils Industry Corporation (Vocarimex) on June 12 said it plans to expand sales to business customers as well as exports this year.

The Việt Nam Engine and Agricultural Machinery Corporation (VEAM) will present to shareholders a plan to list on the Hồ Chí Minh Stock Exchange (HOSE).

VinFast Manufacturing and Trading Company and a Thai company will set up a joint venture on auto body stamping and welding in Việt Nam.

Việt Nam is committed to maintaining stability to ensure the rights and interests of foreign businesses investing in the country, said Deputy Prime Minister Trương Hòa Bình.

More than a year after it rolled out support policies to help household businesses become enterprises, only 3,950 out of 250,000 have done so, the HCM City Department of Taxation has said.

The The Viet Capital Securities Joint Stock Company (VCSC) has forecast a bleak outlook on sluggish sales and rising input costs for Hậu Giang Pharmaceutical Joint Stock Company (DHG).

Catfish is one of Việt Nam’s major seafood exports with a turnover of US$1.8 billion, and its skin, a waste product, is also being exported starting recently.

The prices of Việt Nam’s sticky rice are facing a downward trend due to its over-supply and dependence on a single large market, according to the Department of Farm Produce Processing and Market Development under the Ministry of Agriculture and Rural Development (MARD).

Prosperous business performance and positive bank share price trend in the stock market are expected to help some commercial banks meet capital increase deadline required by the State Bank of Việt Nam (SBV).

The Ministry of Industry and Trade (MoIT)’s draft decree on the development and management of traditional markets and supermarkets is facing criticism as it imposes restrictions on retail businesses.

Vietnamese shares almost fell to the defensive side on Monday as selling pressure rose in the final minutes of the session and pushed stocks down following recent rallies.

The central province of Quảng Trị is getting another wind power plant, thanks to a total investment of US$68 million from a domestic company.

The northern province of Thái Nguyên will publish a list of 65 projects calling for investment at the investment promotion conference to be held here on July 1.