Việt Nam News

A huge cash flow into banking and securities shares in the final minutes of Tuesday’s session on the local stock exchanges drove shares up, with the VN-Index finally exceeding the short-term peak of 1,130 points.

The State earned VNĐ49.2 billion (US$2.16 million) through the initial public offering of the Việt Nam Textile Research Institute (VTRI) on March 12 at an average auction price of VNĐ21,749 per share.

The northern province of Hải Dương attracted US$185 million in foreign direct investment (FDI) in the first two months of 2018, a year-on-year increase of 39.8 per cent.

The country’s cement consumption in the first two months of the year posted a year-on-year increase of 85 per cent to reach 18.55 million tonnes.

The Mekong Delta province of Vĩnh Long is calling for non-State budget capital in 67 projects capitalised at VNĐ27.5 trillion (US$1.2 billion) during the 2017-20 period.

The United Kingdom’s Jardines Matheson Group can enlarge its investment to take part in the restructuring of State-owned enterprises (SOEs) and credit institutions in Việt Nam.

Saigon Petro has proposed to bring petrol A92 back to the market when the consumption of E5 bio-fuel is low and it is not meeting the target of environmental protection.

Việt Nam Mobile Telecom Services Corporation (MobiFone) and shareholders of multimedia company Audio Visual Global (AVG) on Monday decided to cancel the share transfer agreement between the two companies.

Prime Minister Nguyễn Xuân Phúc said his Government encouraged foreign firms in milk production and processing to expand production, upgrade technology and apply energy-saving solutions in the country. He said this during his meeting with the representatives of some milk companies in New Zealand in Auckland on March 13 as part of his official visit to the country. 

The Trade Defense Department has received a request for an antidumping and countervailing duty investigation on laminated woven sacks imported from Việt Nam from the US Department of Commerce.

The Ministry of Transport (MoT) is seeking the prime minister’s approval on plans to reorganise toll booths at the Hải Vân tunnel area.

Market value of Government bonds (G-bonds) hit VNĐ1 quadrillion (US$44 billion) at the end of February, equivalent to 20 per cent of Việt Nam’s gross domestic product (GDP) in 2017.

Việt Nam’s total steel exports in the first two months of the year rose 38.6 per cent from the same period last year to reach more than 728,000 tonnes, according to the Viet Nam Steel Association (VSA).

Domestic waterway tourism in HCM City can not develop with its current weak infrastructure system.

The Vietnam Chamber of Commerce and Industry (VCCI) hosted a Vietnam - Japan Economic Dialogue yesterday, with the Japan Chamber of Commerce and Industry (JCCI) and a Japanese business delegate in attendance.

Việt Nam Technological and Commercial Joint Stock Bank (Techcombank) announced on Monday that two separate legal entities managed by Warburg Pincus would invest over US$370 million in the bank.

Vietnamese shares rallied on Monday due to strong growth among blue-chips, but the weakened significantly towards the closing minutes.

Sixty three per cent of businesses in Việt Nam believe the newly-signed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade agreement will have a positive impact on their operations, according to an HSBC Group survey.