Việt Nam News

Việt Nam’s economy could grow by 7.02 per cent in 2018 under a high growth rate scenario, according to the National Center for Socio-Economic Information and Forecast (NCIF).

HCM City and China’s Shandong Province aim to facilitate bilateral trade by holding more networking events, encouraging investments between both sides, and signing a Memorandum of Understanding (MoU), promising more support in the future.

Vietnamese shares bounced back on Wednesday after two consecutive bearish sessions sending stocks down to attractive prices, thus triggering investors to bottom-fish.

Major cities around the world have seen a movement towards vertical living instead of horizontal, and Việt Nam is seeing a similar trend, a seminar heard in HCM City on Tuesday.

Sài Gòn-Hà Nội Securities JSC (SHS) has completed the issue of nearly 5.4 million shares to swap with shares of SHB Securities JSC (SHBS), accomplising the merger of the two companies.

The retail price of biofuel E5 RON 92 rose VNĐ500 to VNĐ19,940 (US$0.87) per litre at 3 p.m. Wednesday, the Ministries of Industry and Trade and Finance announced.

State Bank of Việt Nam (SBV) has approved the acquisition and transfer of Post and Telecommunication Finance Company Ltd (PTF) between Vietnam Posts and Telecommunications Group (VNPT) and SeABank.

The Government has reduced the number of conditions and notification procedures required from online businesses in a bid to create a more favourable investment environment online.

The Ministry of Agriculture and Rural Development has warned shrimp farmers to remain calm and refrain from selling large batches of whitelegged shrimp which have been dropping in price.

Việt Nam’s foreign reserves has increased by 130 per cent to nearly US$64 billion in the past two-and-a-half years, Prime Minister Nguyễn Xuân Phúc said.

The Hà Nội Stock Exchange (HNX) on Monday announced a list of 17 companies which are subject to a three-day trading halt on the Unlisted Public Company Market (UPCoM) due to their late publication of 2017 audited financial statements.

Daiwa Securities Group Inc has raised its stake in Saigon Securities Inc (SSI) to 20.39 per cent from 19.66 per cent through a purchase of 3.68 million SSI shares.

Four investors have been short-listed to qualify for being strategic shareholders of the Vietnam Oil Corporation (PV Oil), PV Oil CEO Cao Hoài Dương confirmed in a meeting with shareholders on May 22.

The Ministry of Industry and Trade (MoIT) has been asked to report the list of approved solar power plants to Prime Minister Nguyễn Xuân Phúc before July 15, 2018.

The upcoming European Union-Việt Nam Free Trade Agreement (EVFTA) will create a strong driving force for fostering a comprehensive economic partnership between Việt Nam and the European Union via the abolition of 99 per cent of import tariffs in the next seven to 10 years.

After a long period of decline, the last two years have seen an increase in output of giant river prawns in the Mekong Delta.

Goods temporarily imported for re-export can be kept in Việt Nam for no more than 60 days from the date of completion of customs formalities, according to a new Governmental decree.

Vietnamese shares sank again on Tuesday as large-cap stocks were hit by massive selling pressure, especially during the ATC session.