Việt Nam News

Vietnamese budget airline Vietjet has set its initial public offering (IPO) of 44.78 million shares, equal to 14.9 per cent of the firm’s chartered capital of VNĐ3 trillion (US$133.3 million), to raise US$170 million, Reuters reported on Thursday.

The key point in building smart cities is suitable planning, said Hoàng Lê Minh, director of the Việt Nam National Institute of Software and Digital Content Industry (NISCI) at the 2016 IT Day held in Hà Nội on Thursday.

Analog signals will be switched off in eight provinces - Bắc Ninh, Bình Dương, Hà Nam, Hải Dương, Hậu Giang, Hưng Yên, Vĩnh Long and Vĩnh Phúc - on December 30.

Việt Nam expects to gain a year-on-year increase of 6.6 per cent in export value of tra fish for this year to US$1.6 billion, according to the Ministry of Agriculture and Rural Development.

Authorities in the southernmost province of Cà Mau have pledged to continue with administrative reform and offer the most beneficial policies for investors.

The Ministry of Industry and Trade is planning to take trade protection measures against cheap and sub-standard steel products imported from abroad, in line with international trade rules.

The National Electronic Authentication Centre (NEAC) should put in place  technical solutions to manage providers of certificate authentication (CA) services, said Nguyễn Thành Hưng, deputy minister of Information and Communication.

Việt Nam’s stock market advanced for a third day on the two local exchanges, driven by domestic purchases of local shares on the day foreign funds finished their portfolio review.

Transport infrastructure is an attractive investment field in Việt Nam while the acceleration of equitising State-owned enterprises in the country will create brilliant opportunities for businesses from the Republic of Korea (RoK).

Experts at a conference held by the National Institute for Finance on Wednesday in Hà Nội said that inconsistencies and overlaps in development planning, as well as lack of cooperation among localities, were hindering regional economic development.

The Việt Nam Chamber of Commerce and Industry’s branch in Cần Thơ City and Japan’s Brain Works Co signed a memorandum of understanding (MOU) to stimulate Japanese investments in the Cửu Long (Mekong) Delta region and enhance trade cooperation between the two countries.

Shares edged up for a second day yesterday on both exchanges despite Wednesday’s decision  by the US Federal Reserve to hike its benchmark interest rate.

The State Capital Investment Corporation (SCIC) is likely to divest from FPT Telecom early next year, a Ministry of Finance official said.

On January 1, Việt Nam’s leading mobile phone service provider, Viettel Corporation, will become one of the first carriers in the world to no longer collect roaming fees from subscribers in Việt Nam, Laos and Cambodia.

State-run Việt Nam Oil and Gas Group (PetroVietnam) remains on top of the 500 largest Vietnamese enterprises list (VNR500) in 2016 in terms of revenue.

Around VNĐ7 trillion (US$311 million) has to be mobilised to restart work on the iron ore project in central Hà Tĩnh Province, a Ministry of Industry and Trade official said.

Since it is very difficult to differentiate between natural and synthetic diamonds, people should take precautions when buying them, according to the Saigon Jewelry Association.

Việt Nam’s cement and clinker export in 2016 is estimated at some 15 million tonnes, and is worth US$556 million.