Việt Nam News

The Việt Nam Air Traffic Management Corporation (VATM) has submitted a plan to the Ministry of Construction to build an air traffic control centre in HCM City with a total cost of VNĐ1.4 trillion (US$61.7 million).

Shares maintained their upward trend on Tuesday on the Hà Nội Stock Exchange as money shifted from the southern bourse to the northern one after the HCM Stock Exchange halted operations due to a technical crash on Monday.

Monitoring of raw milk quality was still limited by lack of funds and human resources from specialised management agencies.

Non-life insurance premiumin 2017 continued its sustained growth, with an estimated revenue of VNĐ40.5 trillion (US$1.78 billion), representing an 11 per cent year-on-year increase.

National carrier Vietnam Airlines and authorities of the northern province of Quảng Ninh signed a strategic co-operation agreement in Hạ Long Bay on Monday.

The HCM Stock Exchange is switched off for maintenance today following its crash during the At-the-Closing (ATC) period on Monday.

The Public Procurement Agency, under the Ministry of Planning and Investment, will take measures to double the number of online bidding this year.

Renovating the growth model and raising productivity are the key tasks to develop Việt Nam’s economy, said Vũ Tiến Lộc, chairman of the Việt Nam Chamber of Commerce and Industry (VCCI), at a conference held in Hà Nội on Monday.

Việt Nam’s cashew industry has targeted 300,000 tonnes of cashew exports at a value of US$3 billion this year, a year-on-year reduction of 50,000 tonnes in volume and $500 million in value, according to the Việt Nam Cashew Association.

Commercial banks are optimistic about the foreign exchange market in 2018, noting that the market would be stable with the Vietnamese đồng devaluing slightly by some 0.5-1 percentage points to VNĐ22,710 to VNĐ22,950.

Việt Nam’s shrimp industry will become a key economic sector with sustainable development that is environmentally friendly and can withstand the challenges of climate change, if the national action plan for the development of the shrimp industry by 2025 that was approved by the Prime Minister meets its targets.

The Government needs to enlarge the scale of the market and lure more State-owned enterprises to list shares through speeding up their equitisation, according to Lưu Trung Thái, Vice Chairman of the Military Commercial Joint Stock Bank.

Hong Kong is keen on investing in infrastructure projects in Việt Nam—a blessing given the country’s immense need for infrastructure financing to keep pace with its rapid economic expansion.

Vietnamese shares soared in the first trading session of the week as investor confidence remained strong on expectations for good earnings reports.

The Việt Nam Footwear Summit 2018 will take place from March 21-22 at The Reverie Sài Gòn Hotel in HCM City.

The HCM City Tax Department plans to continue to collect taxes from online businesses that use Facebook and other social media sites.  

Steelmaker Hoà Phát Group posted a record-high after-tax profit of VNĐ8 trillion (US$352.3 million) in 2017.

Outstanding loans to the trade and services sector last year rose by 19 per cent against the end of 2016 to nearly VND4 quadrillion (US$176.21 billion), the State Bank of Vietnam reported.