Việt Nam News

The People’s Committee of the southern province of Khánh Hòa has approved the construction of a major fisheries centre for the coastal south central region.

Vietjet launched two new international routes -- Hải Phòng-Seoul and HCM City-Kaohsiung -- on Monday.

Overseas remittances to HCM City this year are expected to reach US$5 billion instead of the expected $5.5 billion.

Market would have enough supply of food on Tết festival though major cities have abolished mechanism on giving loans with zero interest rate from the cities’ state budget for enterprises to purchase goods serving Tết festival.

Shares fell on the two local exchanges yesterday as banks suffered from the arrest of top bankers and expectations of a US interest rate hike kept investor confidence low.

After posting a stable performance this year, the property market is poised for solid growth in 2017, driven by the improved economic situation, and developers more focused on market demands.

Vinacomin Power Holding Corporation Limited, a state-owned subsidiary of Vietnam National Coal and Mineral Industries Group (Vinacomin), will debut 680 million shares on the Unlisted Public Company Market (UPCoM) on December 15.

Viet Dragon Fund Management (VDFM) has reportedly earned VND334 billion (US$15 million) from selling 23.44 per cent stake in Tuong An Vegetable Oil Company (TAC).

Passengers booking flight tickets from HCM City, Hà Nội and Hải Phòng to Bangkok (Thailand) will enjoy a 50 per cent discount on all Vietjet’s domestic flights in Thailand.

Hanoi Stock Exchange has accepted Inland Clearance Depot Tân Cảng Sóng Thần LLC (Tân Cảng Sóng Thần)’s proposal to list over 12 million shares on its Unlisted Public Company Market (UPCoM).

The Ministry of Industry and Trade has officially announced a list of 310 Vietnamese prestigious exporters for 2015, aimed at supporting local firms in promoting exports and expanding markets.

Việt Nam Debt and Asset Trading Corporation (DATC) will sell 3.7 million shares of Cosevco Ceramic Tiles Joint Stock Company at an auction on January 6 next year at the Hà Nội Stock Exchange.

The Government has asked the Ministry of Industry and Trade to take prompt action on five ineffective investment projects, to ensure maximum protection of the State’s capital and assets.

Việt Nam has made strides in improving its productivity and narrowing the gap with developed and developing countries, according to experts speaking at a conference on increasing productivity and product quality in the industrial sector, held in Hà Nội last week.

The coffee industry is restructuring itself to raise productivity, quality and value, according to the Việt Nam Coffee and Cocoa Association.

The local stock market will likely move sideways before the US Federal Reserve (Fed) meeting, as investors are anxious about the prospect of higher interest rates in December – a move seen as likely, according to most market experts.

Foreign investors remain positive about the prospects for Việt Nam’s stock market as the country grows and adopts more open policies, foreign CEOs said in a discussion panel at the ASEAN Business Summit last week.

The steel industry is likely to enjoy 10-12 per cent growth next year, said the Việt Nam Steel Association (VSA) at a workshop in HCM City last week.