Việt Nam News

Việt Nam Rubber Group is expected to list its shares on the HCM City Stock Exchange in June or July after its initial public offering on February 2.

The HCM City Export Processing Zones and Industrial Parks Authority (Hepza) hopes to attract new investment worth US$900 million this year.

Việt Nam spent more than US$2.15 billion importing 94,000 cars last year, marking a year-on-year decrease of 16.8 per cent in volume and 9.6 per cent in value.

State Capital Investment Corporation (SCIC) expects to make a pre-tax profit of VNĐ6.6 trillion (US$290.5 million) in 2017, posting a 33 per cent year-on-year increase.

Standard Chartered expects Việt Nam’s economy to grow at 6.8 per cent in 2018, buoyed by strong manufacturing activity.

Việt Nam has planned to have 500 hi-tech agricultural cooperatives and to increase the high-tech farming production value by five times by 2020.

Viglacera Corporation JSC (Viglacera) plans to reduce its State ownership to 36 per cent this year, said Luyện Công Minh, executive chairman of the corporation.

Việt Nam will help the Cambodian agriculture sector to raise cashew output to one million tonne in the next 10 years.

Many firms are keen on investing some VNĐ100 trillion (US$4.4 billion) in renewable energy projects in Bạc Liêu Province, according to the provincial authority.

Vietnamese shares plummeted yesterday as investors realised short-term profits. Worries remained that the adjusted policy on margin lending could take effect early next month.

The Bình Sơn Refining and Petrochemical Company (BSR), the operator of the Dung Quất Oil Refinery in central Quảng Ngãi province, earned VNĐ5.5 trillion (US$244.5 million) through the sale of nearly 242 million shares during its initial public offering (IPO) held on Wednesday.

Many business people, who hold leadership positions at both banks and other firms, have decided to give up their positions in enterprises and keep the banking management positions to meet a new Government regulation.

The public investment restructuring scheme in 2017-20 will focus on core sectors of the economy and major projects that give impetus to socio-economic development and promote public and foreign investments under public-private partnership (PPP) practice.

Agribank, Vietcombank, Vietinbank, BIDV and VPBank will reduce lending interest rates by 0.5 per cent a year for prioritised economic sectors, such as small and medium domestic businesses. Financial expert Nguyễn Trí Hiếu answered Việt Nam News questions on the matter.

Hà Nam pledged to create favourable conditions for production and business at a meeting on Wednesday with more than 200 foreign investors investing in the northern province.

The PetroVietnam Power Corporation (PV Power) will offer 20 per cent of its shares in an initial public offering (IPO) on January 31.

Nguyễn Thành Phong, chairman of HCM City People’s Committee, and Mitazono Satoshi, the Governor of Japan’s Kagoshima prefecture, met on January 16 to discuss ways to enhance cooperation in tourism, food processing and high-tech agriculture.

Hong Kong is expected to continue to be a key springboard for investment in the mainland and as a main port in China’s Belt and Road Initiative.