Việt Nam News

Việt Nam’s development strategy for the auto industry involves facilitating investors’ engagement in the effort, Prime Minister Nguyễn Xuân Phúc said yesterday.
 

Shares slowed their decline yesterday as banks recovered, but the market is still exposed to short-term downward corrections on rising investor caution.

The State Securities Commission of Việt Nam (SSC) terminated the operations of 28 securities companies, approved the dissolution of five companies, merged eight companies and withdrew the brokerage business of 13 companies in the first half of this year.

The Airports Corporation of Vietnam (ACV) plans to undertake projects on upgrading infrastructure of major airports with total investment capital of more than VNĐ6 trillion (US$263.38 million).

The Vietnam Electricity (EVN) announced a significant increase in production for the first six months of 2017, as their total electricity input and output reached 94.9 billion kilowatts, up by 7.23 per cent from the same period in 2016.

Việt Nam has been ranked 101 out of 193 countries with a score of 0.245 in the Global Cybersecurity Index 2017 (GCI-2017).

Authorities of HCM City plan to develop projects to build apartments with prices at under VNĐ1 billion (US$43,898) per unit for employees located in the city.

IFC, a member of the World Bank Group, recently approved a convertible loan of US$57 million to Việt Nam Prosperity Joint-Stock Commercial Bank (VPBank).

Inter-bank lending interest rates have slipped to an eight-month low in the wake of the central bank’s recent policy rate cut.

Việt Nam’s stock market will rise higher in the second half of 2017 provided macro-economic conditions remain positive as they were in the first half, experts have said.

Việt Nam must reach crude oil stock levels that are equal to no less than 90 days of net imports following International Energy Agency (IEA)’s criteria by the year 2020.

The total premium collected by insurance companies in Việt Nam in the first half of 2017 has grown 21 per cent year-on-year to VNĐ47.17 trillion (US$1.8 billion).

The Construction Corporation No 1 Joint Stock Company (CC1) will float 110 million shares on the Unlisted Public Company Market (UPCoM) on July 20.

Shares declined further on Monday’s afternoon trade as most large-cap stocks slipped on rising investor caution about a steeper downward correction.

Domestic trade is expected to continue rising this year, experts have forecast. 

Việt Nam’s shrimp exports in the first half of this year rose 15.7 per cent year-on-year to US$1.56 billion, thanks to declining supply sources from shrimp exporting countries.

Lê Minh Hưng, Governor of the State Bank of Việt Nam (SBV)  submitted a request to the Ministry of Justice (MoJ) and the Ministry of Public Security (MPS) last week, asking for clarification regarding the use of automobiles as banking collateral and the legal rights of credit institutions and borrowers.

HCM City’s Department of Industry and Trade (DoIT) will focus on solving difficulties for enterprises, speeding up the process of implementing approved projects, especially those of the four key industries under the city's stimulus package until the end of this year, said Nguyễn Phương Đông, DoIT’s deputy director last week.