Việt Nam News

HCM City authorities have asked the National Assembly (NA) to increase investment for the city’s first two metro lines that start near Bến Thành Market in District 1 and end at Suối Tiên Theme Park in District 9 and Tham Lương depot in District 12.  
 

Vietnamese stock markets will likely remain gloomy in the coming week as investors could maintain poor confidence amid the volatility of the market, thus keeping overall liquidity low and too weak for a market’s short-term comeback.

Steel producer Hòa Phát Corporation plans to issue more than 606.8 million bonus shares, worth VNĐ6 trillion (US$266.7 million), to pay a 40 per cent dividend for its performance in 2017.

Since the real estate market began to recover in 2014, the country’s laws regulating the market have transformed significantly. But as the laws have developed, many of them overlap, creating redundancies that the Government must now try to eliminate, Đặng Hùng Võ, former deputy minister of Natural Resources and the Environment, said at a conference held in Hà Nội on Thursday.

Logistics firm Gemadept Corporation (Gemadept) estimates its full-year pre-tax profit will jump 227 per cent to VNĐ2.13 trillion (US$94.7 million) in 2018.

Đồng Nai Province has been working with agencies on a project to turn Biên Hoà I Industrial Zone into a commercial and service centre.

After land prices, and, along with them, instances of violation of land laws, surged in certain places, the provinces involved have temporarily banned land transactions pending the approval of new regulations, helping cool off the market.

The development of wholesale and retail infrastructure in Việt Nam has faced its fair share of rocky moments, but the industry’s growing role in consumption has put it at the forefront of the economy.

There is a huge opportunity for Việt Nam and the US to expand investment and trade ties in many sectors, a bilateral trade forum heard in HCM City yesterday.

In a document issued Tuesday addressing credit institutions, the State Bank of Việt Nam (SBV) required these institutions to review their implementation regarding the SBV’s strict regulations on consumer loan management.

Shares rebounded on Friday as large-cap stocks returned to positive territory following the index's two-day decline.

The State Treasury of Việt Nam has mobilised over VNĐ56 trillion (US$2.46 billion) through government bond (G-bond) auctions in Hà Nội Stock Exchange since the beginning of this year.

The Vietnam Airlines Corporation plans to build a logistics centre in the southern city of Cần Thơ this year, said Deputy General Director Trịnh Hồng Quang at a meeting with the local leaders on Friday.

The northern province of Bắc Giang is working out measures to attract US$2 billion in domestic and foreign investment in 2018. 

Việt Nam recorded a trade surplus of US$1.5 billion with the United Kingdom in the first four months of 2018.

US-based AES Corporation wants to invest in Sơn Mỹ 2 thermal power plant in the central province of Bình Thuận under the form of Build-Operate-Transfer (BOT).

 Cuba has emerged as the third-largest investment destination for Vietnamese enterprises after Laos and Cambodia. 

With the appointment, the position of the ministry’s fifth deputy minister has been filled after it was left vacant for nearly a year due to the dismissal of former deputy minister Hồ Thị Kim Thoa.