Việt Nam News

Enhancing the capacity of enterprises, especially in creating trademarks, is an important requirement for enterprises to meet consumer demand in domestic and export markets, heard a conference in Hà Nội on Wednesday.

Việt Nam is expected to achieve Gross Domestic Product (GDP) growth of 6.81 per cent this year, surpassing the Government’s target of 6.7 per cent.

Việt Nam’s benchmark VN Index increased for a fourth straight session on investor confidence in both the corporate sector and the country’s overall economy in the fourth quarter.

The northern province of Quảng Ninh in 2017 saw a year-on-year increase of 10.1 per cent in total investment to VNĐ60.6 trillion, according to the Quảng Ninh provincial Department of Planning and Investment.

HCM City Real Estate Association has proposed the State Bank of Việt Nam should raise a stimulus package similar to its previous VNĐ30 trillion (US$1.3 billion) preferential home loan package.

The Ministry of Industry and Trade has allowed Việt Phát Company in the northern Lào Cai Province to export 200,000 tonnes of iron ore.

The country’s cement sector saw a successful year in 2017 as its consumption reached 80 million, up 6 per cent from last year.

Việt Nam is now China’s largest trade partner in the ASEAN, while China is the second largest export market of Việt Nam, he said.

Japanese oil firm, Idemitsu Kosan Co Ltd (Idemitsu), plans to build a US$1 million Đình Vũ Port Petrol Station.

The Central Highlands Province of Lâm Đồng organised a seminar to discuss ways to achieve its economic potential and attract investment in Đà Lạt City on December 26.

The first batch of Vietnamese star apples has been exported to the US by the Cát Tường Agricultural Products Producing & Processing Co Ltd from the Mekong Delta province of Tiền Giang, announced the Ministry of Agriculture and Rural Development (MARD) and provincial authorities on December 26.

The number of newly-established firms and firms resuming operations set a record in 2017 with more than 153,000 companies with total registered capital of VNĐ3.16 quadrillion (US$139 billion).

Vietnamese shares closed Tuesday on a positive note as large-cap stocks were boosted by expectations for better quarterly earnings and rising oil prices.

The banking sector's profits were anticipated to rise significantly in 2017, driven by the handling of bad debts and the recovery of the property sector.

Bắc Á Bank will debut 500 million shares, an equivalent to charter capital of VNĐ5 trillion (US$219.3 million), on the Unlisted Public Company Market (UPCoM) on December 28 under the code BAB.

Hòa Bình Construction Corporation (HBC) won a contract to produce reinforced concrete for a refinery project in Kuwait, the corporation said on December 25.

PetroVietnam Exploration and Production Corporation (PVEP) has estimated after-tax profit of VNĐ3.5 trillion (US$154.1 million) in 2017.

Việt Nam’s pharmaceutical market is estimated to record revenue of US$5.2 billion in 2017, a 10 per cent increase from last year. The market is set for double digit growth within the next five years, according to Việt Nam Report Company (VNR).