Hòa Phát to issue 606 million bonus shares

Steel producer Hòa Phát Corporation plans to issue more than 606.8 million bonus shares, worth VNĐ6 trillion (US$266.7 million), to pay a 40 per cent dividend for its performance in 2017.

Synchronised real estate laws will bring stability

Since the real estate market began to recover in 2014, the country’s laws regulating the market have transformed significantly. But as the laws have developed, many of them overlap, creating redundancies that the Government must now try to eliminate, Đặng Hùng Võ, former deputy minister of Natural Resources and the Environment, said at a conference held in Hà Nội on Thursday.

Gemadept eyes 227% rise in profit

Logistics firm Gemadept Corporation (Gemadept) estimates its full-year pre-tax profit will jump 227 per cent to VNĐ2.13 trillion (US$94.7 million) in 2018.

Biên Hòa Industrial Park to close

Đồng Nai Province has been working with agencies on a project to turn Biên Hoà I Industrial Zone into a commercial and service centre.

Provinces ban land speculation

After land prices, and, along with them, instances of violation of land laws, surged in certain places, the provinces involved have temporarily banned land transactions pending the approval of new regulations, helping cool off the market.

 

Trade and service sectors need revision

The development of wholesale and retail infrastructure in Việt Nam has faced its fair share of rocky moments, but the industry’s growing role in consumption has put it at the forefront of the economy.

SBV to probe credit institutions’ operation

In a document issued Tuesday addressing credit institutions, the State Bank of Việt Nam (SBV) required these institutions to review their implementation regarding the SBV’s strict regulations on consumer loan management.

Treasury raises $2.5b worth of Gov’t-bonds

The State Treasury of Việt Nam has mobilised over VNĐ56 trillion (US$2.46 billion) through government bond (G-bond) auctions in Hà Nội Stock Exchange since the beginning of this year.

Vietnam Airlines to build logistic hub in Cần Thơ

The Vietnam Airlines Corporation plans to build a logistics centre in the southern city of Cần Thơ this year, said Deputy General Director Trịnh Hồng Quang at a meeting with the local leaders on Friday.

EVN general director appointed MoIT deputy minister

With the appointment, the position of the ministry’s fifth deputy minister has been filled after it was left vacant for nearly a year due to the dismissal of former deputy minister Hồ Thị Kim Thoa.

ICT improvements needed

The human resources training quality for information, communications and technology (ICT) needs to be improved quickly amid the Fourth Industrial Revolution, said Deputy Minister of Information and Communications Phan Tâm.

VN farm products export to Thailand

Wholesale supermarket MM Mega Market Vietnam has exported more than 100 tonnes of Vietnamese agricultural products for selling through 700 Big C malls in Thailand, where the two retailers share a parent.

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