SEV’s export revenues to increase 7% despite Note 7 incident

Exports revenues from the two plants of Samsung Electronics Việt Nam (SEV) in Bắc Ninh Province and Samsung Electronics Việt Nam – Thái Nguyên (SEVT) in Thái Nguyên Province were estimated to reach US$35 billion this year, posting a 7 per cent year-on-year increase despite the impact from this year’s Note 7 incident.

Committee set up to fix projects

Prime Minister Nguyễn Xuân Phúc has decided to set up a steering committee that will resolve the problems with 12 huge projects under the Ministry of Industry and Trade.

Digital economy the future for VN development

A digital economy is an inevitable step for development as the traditional economy is being saturated, said Nguyễn Thành Hưng, deputy minister of information and communications at the 2016 Internet Day event in Hà Nội.

Balance between meat imports and domestic products

Imports of meat products into the Vietnamese market had always been common practise and in accordance with world regulations. However, it could still be affecting the domestic price and market stability if not taken under full control, said Hoàng Thanh Vân, Director of the Department of Livestock (DoL), Ministry of Agriculture and Rural Development (MARD) yesterday.

Hòa Lạc secures $3b in investments

Hòa Lạc Hi-tech Park granted investment licences to nine projects worth a total of US$200 million in 2016, bringing the number of licensed projects up to 78 worth $3 billion combined.

Int’l officials praise SBV

Representatives of international credit and finance organisations praised Việt Nam’s monetary policy and efforts to help the nation maintain macro-economic stability this year.

Vietnamese exporters to Korea briefed

Vietnamese exporters must understand and take advantage of the regulations on the origin of goods in dealing with the Republic of Korea’s (RoK) market, said Trần Minh Trang, Deputy Head of Origin of Goods Division of the Ministry of Industry and Trade (MoIT).

Trade pact with EU - opportunities for VN

The upcoming free trade agreement between Việt Nam and the European Union (EVFTA) will open new opportunities for Viet Nam to access modern technologies and learn management skills, Deputy Industry and Trade Minister Trần Quốc Khánh said at a conference in Ha Noi yesterday.

Shares drop further, led by SAB, VNM

Shares slipped further yesterday on the HCM Stock Exchange, driven by steep declines of Vinamilk (VNM) and Sabeco (SAB), the two largest listed stocks.

Goes up again

The Ministry of Industry and Trade raised the domestic petroleum retail price by VNĐ919 per litre to VNĐ17,594 (77 US cents) per litre as of 3pm yesterday.

SHB to sell 100 million shares

Sài Gòn-Hà Nội Bank (SHB) will issue 100 million shares worth VNĐ1 trillion (US$ 43.8 million) to shareholders under its merger plan with Vinaconex-Viettel Finance JSC (VVF), the bank announced in a statement on Monday.

Many joint stock banks to list soon

Many joint stock banks have also opted to list their shares on HOSE or on the Hà Nội Stock Exchange (HNX) instead of trading on UPCoM.

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