$10m IT park to be built in Bình Định

The TMA Bình Định IT Park will be built at an estimated cost of US$10 million at the Quy Hòa science and education urban area in Quy Nhơn City, the central coastal province of Bình Định, chairman of TMA Solutions Nguyễn Hữu Lệ said.

Shares advance on low liquidity

Vietnamese shares had a good start on Monday with two main stock indices rising, but low liquidity and constant net selling by foreign traders remained an obstacle for a stable uptrend.

Lạch Huyện int’l port opens in Hải Phòng

The Lạch Huyện international port in the northern port city of Hải Phòng, which uses Japanese ODA funding, opened on Sunday (May 13), according to the Japan International Cooperation Agency (JICA).

 

Ministries urged to remove 49% foreign cap

The Prime Minister’s working group has asked the Ministries of Finance and Planning and Investment to swiftly lift the foreign ownership limit of 49 per cent at enterprises where foreign investment is not restricted.

VN shares expected to remain firm this week

Healthy market growth during the weekend cannot conceal the fact that local stock markets are likely to remain quiet this week, amid an information-missing month in May and rising tensions throughout the globe.

FDI firms prefer commercial dispute arbitration

As many as 40 per cent of foreign direct investment (FDI) enterprises choose to use commercial arbitration in cases of disputes, rather than going to court, said Phan Trọng Đạt, Deputy Secretary General of the Việt Nam International Arbitration Centre (VIAC).

Oil firms pile up losses, shares take beating

The first quarter of this year saw the Petroleum Equipment Assembly & Metal Structure Joint Stock Company (PXS)’s revenues plummet to a mere VNĐ18.5 billion (US$815,000), 94.4 per cent down year-on-year.

Banks eye consumer finance

Several banks are keen to establish consumer finance arms to grab a bigger share of a market that is expected to reach VNĐ1,000 trillion (US$4.38 billion) by 2020 and grow at 29 per cent annually.

Backlash on MoF tax plan

Experts’ opinions on the Ministry of Finance's (MoF) tax adjustment draft proved to be mixed, while the business community struggles to keep up with the variety of newly proposed tax hikes.

Firms buy goods from distressed farmers

Korean supermarket chain Lotte Mart has bought more than 10 tonnes of pumpkins and five tonnes of watermelons from distressed farmers facing declining prices because of a bumper crop in Đắk Lắk and Quảng Nam provinces.

Vietnamese goods to be showcased in Japan

From June 4-13, the Hà Nội Promotion Centre on Trade, Investment and Tourism, relevant agencies and 25 firms will introduce Vietnamese handicraft and fine art articles, agricultural products, food and Hà Nội’s tourist attractions at Aeon Lake Town in Saitama prefecture and 40 other Aeon stores across Japan.

VN holds largest cyber security drill

Nearly 150 organisations, including State agencies, banks and enterprises, participated in a cyber security drill on Wednesday and Thursday, recorded as the largest ever in Việt Nam.

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