Việt Nam News

Bình Sơn Refining and Petrochemical Co Ltd (BSR), the operator of Dung Quất Refinery, will conduct Việt Nam’s biggest-ever initial public offering (IPO) on January 17 next year, hoping to garner about VNĐ4 trillion (US$157.4 million) for State coffers.

Up to 10 years in prison and fines up to VNĐ5 billion (US$221,000) now await captains, fishermen and boat owners who conduct illegal, unreported and unregulated (IUU) fishing.

Following the recently signed ASEAN-Hong Kong Free Trade Agreement (AHKFTA) and the 2016 revised ASEAN–China Free Trade Area (ACFTA), Vietnamese enterprises have another great opportunity to increase their profitability in the Chinese market, achieving this potential also poses a major challenge.

Vietnamese logistics firms must work to improve their competitiveness, said Minister of Industry and Trade Trần Tuấn Anh at the Việt Nam Logistics Forum 2017 in Hà Nội on Friday. 
 

Vietnamese shares ended Friday on different notes, with investors’ confidence mixed on the last day in which exchange-traded funds (ETFs) completed their portfolio reviews.

BIDV Securities Jsc. (BSC) intends to go through with a public offering (PO) on December 29 under the stock code BSI.

The Việt Nam National Petroleum Corporation (Petrolimex) and PetroVietnam Oil Corporation (PVOil) on Friday officially began the supply of E5 RON92 biofuel for sale nationwide.

The Việt Nam-Russia oil and gas exploration joint venture (Vietsovpetro), on Thursday, announced that it has earned more than US$1.89 billion, exceeding its target of $1.88 billion set for 2017.

The People’s Committee of Phú Quốc District urged careful consideration to be given to decisions regarding land purchases.

Prime Minister Nguyễn Xuân Phúc has approved a project to restructure the Việt Nam National Coal and Mineral Industries Group (Vinacomin) in 2017-20.

The Australian Government, through its Aus4Vietnam investment – Aus4Skills, on December 14 launched the pilot Logistics Industry Reference Council to promote industry linkages with vocational education and training in partnership with its Vietnamese counterpart.

The Việt Nam Steel Association (VSA) will co-ordinate with the Ministry of Industry and Trade to protect the legitimate rights and interests of local steelmakers who were recently accused of tax evasion by the US Department of Commerce (DOC).

The Ministry of Construction is preparing to propose huge changes in construction regulations in order to improve the climate for construction and real estate business.

Japanese enterprises raised four problems they face while doing business in Việt Nam in a dialogue with the Advisory Council for Administrative Procedure Reform on Wednesday.

Financial stocks’ strong recovery lifted both local exchanges on Thursday, but the market’s short-term prospects remained gloomy following the outflow of money.

Vietnam Airlines will offer 1,100 more flights to meet travel demand during the upcoming Tết holiday.

The World Bank, in partnership with the Ministry of Finance (MoF), launched the Report on the Observance of Standards and Codes (ROSC) in accounting and auditing at a ceremony in Hà Nội on December 14.

The new law on securities should allow full foreign ownership at public companies and investment funds, according to members of the Việt Nam Business Forum’s (VBF) capital market working group.