Việt Nam News

Vietnamese shares ended Tuesday on a negative note as large-cap stocks were hit by strong selling as investors worried about a draft amendment on the initial margin to be passed by market regulators.

Việt Nam paid US$410 million for imported beef last year due to increasing demand, according to the Ministry of Agriculture and Rural Development.

Việt Nam experienced a relatively stable macroeconomic situation in 2017, in accordance with general global economic trends, but experts warned there will be obstacles to maintaining such momentum in the turbulent environment of 2018, according to a report by the Vietnam Institute for Economic and Policy Research (VEPR).

Five big State-owned corporations will conduct initial public offerings (IPOs) in the first quarter. Market insiders give their forecast on the IPO prospects, market-absorption capacity and impact on the Government’s equitisation process this year.

Prime Minister Nguyễn Xuân Phúc signed a decision to form a working group to boost the formation of a special committee responsible for managing State capital at enterprises.

The Việt Nam Asset Management Company (VAMC) has announced reference interest rates applied in the first quarter of 2018 on bad debts it had purchased.

The Việt Nam Ministry of Industry and Trade and Cambodia Ministry of Commerce on Tuesday began constructing a model border market in Memot District, Tbaung Khmum, Cambodia.

 Việt Nam welcomed Mitsubishi Motors Corporation’s plan to build its second plant in the country, said Deputy Prime Minister Vương Đình Huệ.

Việt Nam has filed a complaint to the World Trade Organisation (WTO) against the United States’ anti-dumping measures on Vietnamese fish export.

Electricity of Việt Nam (EVN) said on Monday it received formal registrations from foreign investors to buy 36 per cent charter capital at the Power Generation Corporation 3 (Genco 3).

The Ministry of Planning and Investment will submit a scheme on informal economic statistics to the Prime Minister for approval this year.

The central coastal province of Phú Yên plans to grant licences to projects worth nearly VNĐ12.4 trillion (US$558 million) in total at an investment promotion conference on January 19.

The central province of Bình Thuận, which has more than 9,500 ha of dragon fruit cultivated under VietGAP (Vietnam Good Agricultural Practices) standards, plans to expand the area to 9,800ha this year, according to the province’s Agriculture and Rural Development department.

Chairwoman of the National Assembly (NA), Nguyễn Thị Kim Ngân, has highlighted the need to promote the independence of the State Audit Office of Việt Nam (SAV) and its auditors, aiming to ensure the transparency of its operations

The Ministry of Finance has proposed the Government raise the individual income tax imposed on capital/securities transfer to 2 per cent for trades not registered to the Vietnam Securities Depository and not made on the securities market.

The Việt Nam Bank for Industry and Trade (VietinBank) earned a total profit of VNĐ9.2 trillion (US$404 million) in 2017, equivalent to 105 per cent of its annual target.

The southeastern province of Đồng Nai achieved a record trade surplus of US$2.17 billion last year, with the highest recorded in the country, according to the provincial People’s Committee.

HCM City’s industrial production was forecast to maintain steady growth in 2018 with the industrial production index (IIP) to rise about 8- 8.5 per cent against last year, according to HCM City’s Department of Industry and Trade (DoIT).