Việt Nam News

Phương Nam Cultural Joint Stock Corporation has proposed a plan to shareholders to sell its stakes in CJ CGV Vietnam Co. Ltd, which operates Viet Nam’s largest multiplex cinema, CGV.

The Việt Nam Posts and Telecommunications Group (VNPT) officially launched its information and technology company -- VNPT – IT on Tuesday.

The Chairman of the People’s Committee of the south central province of Bình Định on Tuesday approved a proposal for a solar power project in Phù Mỹ District.

The world’s wooden interior décor market is predicted to grow at 3.5 per cent in 2018 and continue expanding, providing opportunities to Việtnamese businesses to increase exports of the products. 

HCM City will work closely with the International Finance Corporation (IFC) in translating the memorandum of understanding (MoU) signed by the two sides into projects, said a municipal official. 

Seventy-four per cent of software installed on computers in Việt Nam is unlicensed.

Despite smartphone manufacturers’ best efforts, there is still a  big market in HCM City, often driven by nostalgia, for old feature phones, which drives their prices often to fancy levels.

Sales of fast moving consumer goods have slowed down this year in both urban and rural areas, according to Kantar Worldpanel, a global expert in shoppers' behaviour.

Sài Gòn-Hà Nội Bank (SHB) and Việt Nam Technological and Commercial Joint Stock Bank (Techcombank) have been assigned to support projects signed between Việt Nam and the World Bank.

Vietnamese shares sloped on Tuesday as recent rallies triggered a massive sell-off among investors to lock in profits and further market decline is in forecast for local markets.

As many as 72 per cent of Vietnamese fintech companies were opting to co-operate with local banks instead of competing, according to Lê Anh Dũng, director of the Payment Department under the State Bank of Việt Nam.

Experts have warned enterprises to be more cautious with their US dollar loans amidst a significant rise in the lending and appreciation of the greenback.

The internet of things (IoT) is growing rapidly world-wide ushering in momentous changes and huge opportunities for businesses, a conference heard in HCM City on June 12.

Việt Nam imported more than 5.56 million tonnes of oil and petroleum products worth nearly US$3.6 billion in the first five months of the year.

Việt Nam Vegetable Oils Industry Corporation (Vocarimex) on June 12 said it plans to expand sales to business customers as well as exports this year.

The Việt Nam Engine and Agricultural Machinery Corporation (VEAM) will present to shareholders a plan to list on the Hồ Chí Minh Stock Exchange (HOSE).

VinFast Manufacturing and Trading Company and a Thai company will set up a joint venture on auto body stamping and welding in Việt Nam.

Việt Nam is committed to maintaining stability to ensure the rights and interests of foreign businesses investing in the country, said Deputy Prime Minister Trương Hòa Bình.