Việt Nam News

Many supermarkets are launching attractive promotion programmes in the days ahead of Tết (Lunar New Year) to attract customers. Tết falls on February 16 this year.

The committee for the management of State capital at enterprises must focus on two key long term tasks; which are bolstering the equitisation and divestment of State capital and improving the capacity and efficiency of State-owned enterprises, especially large corporations, said Prime Minister Nguyễn Xuân Phúc.

Farmers who grow watermelon in Cà Mau Province’s Cà Mau City are raking in high profits because of a bumper harvest and rising prices for the Tết (Lunar New Year) holiday when the fruit is used on virtually every family altar.

Vietnamese shares posted a strong comeback on Monday after a two-day collapse, due to strong investor interest in large-cap stocks that led the market upturn on expectations of good earnings reports.

Việt Nam earned some US$321 million from fruit and vegetable exports in January 2018, a year-on-year increase of 36.9 per cent, says the Ministry of Agriculture and Rural Development (MARD).

The gold prices of two Vietnamese gold bars on Monday increased significantly from VNĐ70,000 (US$3.07) to VNĐ110,000 per tael, in line with the global trend.

The Government has issued the organisation and operation charter of the Việt Nam Chemical National Group (Vinachem).

As many as 26,037 cars were sold in January, marking a year-on-year increase of 28 per cent, reports the Vietnam Automobile Manufacturers’ Association (VAMA).

Last year saw a lot of merger and acquisition (M&A) activities in the Vietnamese property sector, with transactions totalling US$1.5 billion and the participation of many major foreign players.

The Vietnam Railway Corporation (VNR) hopes to raise at least VNĐ139 billion (US$6.2 million) in 2018 from selling its ownership in 15 subsidiary and affiliate companies.

Shares are expected to move modestly in the coming two trading sessions as investors settle trading before the Tet (Lunar New Year) holiday, while concerns remain following recent turbulence in global markets.

Though Việt Nam remains a big importer of textile feedstock and accessories from China, its rising exports to China is a promising sign, according to the Việt Nam National Textile and Garment Group.

Besides short-haul tours to some Asian countries such as Malaysia, Hong Kong and China, outbound tours to long-haul destinations, such as South Korea, Japan, Australia, the United States and Dubai, are now favoured by many Vietnamese holidaygoers.

In a policy turnaround, the Government has said it is determined to assist food and beverage importers and producers by reducing inspection times, costs and criteria, opting for businesses to make self declarations instead of being constantly watchdogged by officials.

Vietnamese shares recouped part of the week’s losses on Friday as the current massive sell-off across the stock market triggered investors to scoop up stocks at bargain prices.

As demand for cash withdrawals at ATMs doubles or triples around the Vietnamese Tết holiday, banks are recommending customers use electronic payment or scan their cards at POS machines or use quick response (QR) codes instead of withdrawing cash at ATMs.

Trade in paper between Việt Nam and India is quite low and there is significant potential for growth, a meeting between Indian and Vietnamese paper companies heard in HCM City on February 9.

Only 3 per cent of a total of 267 million shares offered in the initial public offering (IPO) of Power Generation Corporation 3 (Genco 3) on Friday were sold successfully, a poor result given the high market expectations before the sale.