Việt Nam News

The Government mobilised more than VNĐ10 trillion (US$440.5 million) through six G-bond auctions in February, down 48 per cent against the previous month.

The price of tra fish in the Cửu Long (Mekong) Delta has increased to a record high of VNĐ30,000 (US$1.3) a kilogramme while processors face a shortage of fresh fish.

Vietnamese longans may be exported to Australia in 2019, said a delegation of the Australian Department of Agriculture and Water Resources.

During the reviewed period, the country’s export turnover jumped 23 per cent year-on-year to $33.62 billion while its imports stood at $32.54 billion, up 15.3 per cent year-on-year.

The Vietnam National Coal and Minerals Group (Vinacomin) on Thursday registered to buy more than 4.47 million shares of its subsidiary Núi Béo Coal JSC (HNX: NBC).

 The Vietnam-Italy Steel JSC (VIS) plans to lift the cap of foreign ownership in the company from the current limit of 49 per cent.

President Trần Đại Quang lauded external economic activities and trade promotion abroad during a meeting in Hà Nội on Thursday with 45 commercial counsellors and chiefs of Vietnamese commercial offices overseas. 

Prime Minister Nguyễn Xuân Phúc on Thursday warned about fluctuations in global prices and asked ministries and departments to maximise efforts to curb inflation and ensure macro-economic stability.

President Trần Đại Quang’s upcoming official visit to India is expected to yield a road map for strengthening bilateral cooperation in the future.

Foreign-invested pharmaceutical companies in Việt Nam and legal experts think there is room for administrative improvement regarding current policies on imports and distribution.

Vietnamese shares declined on Thursday after rising for four consecutive sessions, due to large-cap stocks underperforming as investors sold in pursuit of short-term profits.

Despite the high devaluation of the Vietnamese đồng against the US dollar after Tết (Lunar New Year) holidays, experts believe the exchange rate will remain stable this year.

The Cần Thơ People’s Committee has called for industrial reform as the city’s Industrial Production Index (IPI) is not growing as quickly as in other cities.  

Local business conditions have strengthened continuously since December 2015, pushing the Vietnam Manufacturing Purchasing Managers’ Index (PMI) to a 10-month high of 53.5.

Fitch Ratings on Tuesday upgraded the long-term issuer default rating (IDR) of Military Commercial Joint Stock Bank (Military Bank) to ‘B+’ from ‘B’ with a stable outlook. Fitch also upgraded the bank’s viability rating to ‘b+’ from ‘b’.

Nearly 18,703 new enterprises were formed in the country in the first two months of this year, with a total registered capital of more than VNĐ197.3 trillion (US$8.66 billion).

Mai Tiến Dũng, Chairman of the Government Office and head of the Prime Minister’s working group, set a June 30 deadline for ministries to finish cutting a substantial amount of cumbersome administrative procedures and business permits that have long obstructed Việt Nam’s business community.

Vietnamese importers have temporarily stopped buying raw cashew from Africa due to a surge in prices, according to the Việt Nam Cashew Association (Vinacas).