Việt Nam News

 The balance of the petrol price stabilisation fund surged to more than VNĐ5.1 trillion (US$ 224 million) at the end of the fourth quarter of 2017, the Ministry of Finance has reported.

Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) and NghiSơn Petrochemical and Refinery LLC (NSRP) on Thursday signed a Memorandum of Understanding (MoU) on converting bank service.

Tax collection to the State budget was estimated at VNĐ99.5 trillion (US$4.4 billion) in January, according to a report by the General Department of Taxation.

Prime Minister Nguyễn Xuân Phúc signed a decision on Thursday to appoint Nguyễn Hoàng Anh to the post of chairman of the special committee to manage State capital at enterprises.

Nguyễn Cảnh Vinh stopped assuming the position of general director of Southeast Asia Joint Stock Commercial Bank (SeABank) from February 8.

The State Securities Commission has granted registration certificate on public offering of shares to VNDirect Securities Corporation (VND).

Wholesaler MM Mega Market Vietnam has unveiled plans to stock VND3 trillion worth of merchandise during Tết to meet customers’ demands for the 2018 Lunar New Year.

Vietnamese shares declined on Thursday as investors showed little confidence amid the current volatility of the global markets and the sharp fall in crude prices.

Trade promotion in Việt Nam is facing many difficulties as many importers, such as the US, China, Japan and the European Union, were now protecting their own farm production.

State Bank of Việt Nam (SBV) continues to build up its foreign exchange reserves to cushion external shocks, raising the fund to more than US$57 billion till February 6.

Vietnamese enterprises should actively apply the latest forms of automation and data exchange, known as the Fourth Industrial Revolution (Revolutions 4.0), for production and business as well as corporate governance to promote sustainable development and world integration.

Nearly 1,000 “clean” agricultural and other speciality products and consumers goods are on display at the Green Market– Tết Consumer Products fair, which opened on February 8 at the Phú Thọ Stadium  in HCM City’s District 11.

iệt Nam’s economic growth hit a 10-year high of 6.8 per cent in 2017, cementing the country’s status as an investment hotspot. But while we expect growth to remain robust in the years to 2022, replicating last year’s pace is unlikely amid a Chinese slowdown and the difficulties of sustaining the surge in credit growth of recent quarters.

Credit is forecast to accelerate from the end of the first quarter this year to maintain the same growth rate as 2017.

State Bank of Việt Nam gave its nod to Saigon Commercial Bank (SCB) to close two of its branches in Trà Vinh Province and Cần Thơ City.

The Việt Nam Securities Depository (VSD) granted some 659 trading codes to foreign investors, including 58 institutions and 601 individuals, in January.

Việt Nam imported US$682.1 million worth of paper products last year, a year-on-year increase of 10.86 per cent, reported the Việt Nam General Department of Customs.

State Bank of Việt Nam (SBV) made a net cash injection of VNĐ13 trillion (US$572.9 million) into the economy in the past week to support the liquidity of commercial banks.