Việt Nam News

Vietnamese shares remained positive on both local exchanges on Tuesday as banking-financial stocks performed well on strong foreign purchases.

The Ministry of Finance has proposed amendments to the Law on Tax Management, aiming to enhance efficiency of tax collection from multinational companies, cross-border transactions and online businesses.

PetroVietnam Power Corporation (PV Power) shares may be sold at an initial price of VNĐ14,400 (63 US cents) per share at its initial public offering (IPO).

The Nikkei Asian Review Hanoi Forum, taking place in Hà Nội today, aims to commemorate and recognise Việt Nam and Japan’s strategic investment partnership as the former constantly enhances its global status as a leading economy in the ASEAN region.

A total of 400 exhibitors from 14 countries and territories will show their latest technologies and machines at the seventeenth edition of Việt Nam’s leading textile and garment trade fair in HCM City from November 22-25. 

The State Bank of Việt Nam (SBV) agreed in principle to allow the Agricultural Bank of China to open a branch in Hà Nội, Governor Lê Minh Hưng said.

Underlining the importance of building physical connectivity with the ASEAN region to further strengthen its economic ties with India, Prime Minister Narendra Modi on Monday announced that the largest so far ASEAN-India business and investment summit is slated to be held in New Delhi in January next year.

In the 50 years since the founding of the Association of Southeast Asian Nations, almost all of Asia has been utterly transformed. ASEAN’s contributions to harnessing and spreading economic dynamism have been essential to the region's success.

Trường Hải Auto Corporation is seeking shareholders’ approval for a massive capital hike, which is expected to increase capital from the current VNĐ4.15 trillion to VNĐ16.58 trillion (US$730.4 million).

The Department of Cooperatives and Rural Development on Monday signed an agreement with the Cooperative Union of Agriculture Consumption to develop production and distribution linkages for agricultural products.

The Koyu & Unitek Company, based in southern Đồng Nai Province, plans to develop a second chicken processing factory to meet the demand for chicken products of the Japanese market.

The Mekong Delta region needs public investment of VNĐ120 trillion for the green growth from 2016 to 2025, the Ministry of Planning and Investment (MPI) said.

Seeing share prices tumbling, some companies have decided to buy back their shares in an effort to increase their value.

Team GridComm, pitching a smart street lighting solution for cities, along with their partner G Element, a 3D software company focusing on smart cities and buildings, won first place and a prize of US$5,000 at the Smart City Innovation Challenge (SCIC) Demo Day in Hà Nội on Monday.

Chairwoman of the National Assembly (NA) Nguyễn Thị Kim Ngân and Deputy Prime Minister Vương Đình Huệ received David Cruickshank, Chairman of Deloitte Global, yesterday and acknowledged the auditing company’s contribution to the Vietnamese financial sector.

Việt Nam plans to eliminate tariffs on raw materials and spare parts and lower tariffs on small appliances and cosmetics imported from South Korea, according to Lê Thanh Liêm, vice chairman of the city People’s Committee.

Shares advanced further on both local exchanges as investors eagerly anticipated some companies’ sale of more shares to reduce the State’s capital holdings, and by the impacts of the APEC event last week.

Credit growth in the 10 months through October reached 13.5 per cent, the National Financial Supervisory Commission said in a latest report.