VPBank to lift charter capital

Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) plans to increase its current charter capital from VNĐ15.7 trillion (US$690 million) to VNĐ27.8 trillion in 2018, the bank announced at its shareholders’ meeting held on Monday in Hà Nội.

VN-Index firm amid profit-taking

Việt Nam’s benchmark VN-Index was steady on Tuesday as stocks were hit by strong selling and investors were concerned with the movement of the world stock market.

Capital eyes 159 industrial clusters by 2030

In the period up to 2020, there will be 138 industrial clusters with an area of more than 2,620ha in the city. Of these, 52 are newly-established zones, spanning 590ha.The plan has been approved by the municipal People’s Committee.

 

Central bank enhances supervision

The State Bank of Việt Nam (SBV) can take early intervention measures against weak credit institutions in the supervision process from July this year, according to a new SBV regulation.

VN moves closer to full global integration

Việt Nam is integrating increasingly with the global economy, having signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership this month and discussing four other free trade agreements, the annual Economic Scenarios Conference heard in HCM City yesterday.

Land lot prices spike in City

A spike in price for land lots in HCM City’s suburban districts has been occurring since the end of 2017 due to high demand.

 

Fish exporters left lost at sea

Unfair and unreasonable – that’s how seafood exporters have branded a price hike in anti-dumping duty imposed by the United States on frozen fish fillets.

HCMC plans trading floor for pork

HCM City plans to form a pork trading floor which will have advanced technology and careful control of pork origin to ensure quality.

 

TP Bank’s profit doubles year-on-year

Tiền Phong Commercial Joint Stock Bank (TPBank) earned VNĐ275.8 billion (US$12.1 million) in profit in the first two months of this year, a two-fold increase year-on-year.

Audit asks Sabeco to pay $111m

The State Audit of Vietnam has proposed the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) pay the State Budget nearly VNĐ2.5 trillion (US$110.9 million) worth of dividends, taken from the brewer’s undistributed profit for the period prior to 2016.

Gov’t to smooth way for auto firms

Deputy Prime Minister Trịnh Đình Dũng has urged the ministries of Transport and Industry and Trade to implement current policies and assist in the removal of obstacles for auto businesses.

VN stocks progress on GDP forecast

Vietnamese shares advanced further on Monday on high investor confidence and good performance of real estate stocks, however, growth rates were slowed down as profit-taking hit bank stocks following their recent gains.

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