Việt Nam News

Shares rose for a second day on the HCM Stock Exchange yesterday, propped up by recovery of large-cap shares, while continuous foreign sells keep threatening market stability.

Việt Nam’s potential for e-commerce development in the retail sector could achieve a $10-billion revenue by 2020, accounting for half the country’s total retail sales. 
 

Nearly half of small- and medium-size enterprises (SMEs) in the Asia- Pacific region say that their revenue from intra-regional exports will grow over the next 12 months by an average of 22 per cent, according to a global research survey conducted by FedEx Express.  

Two beverage companies controlled by Thai business magnate Charoen Sirivadhanabhakdi registered to buy 38.2 million shares each of dairy firm Vinamilk on December 7.

Vietnamese enterprises have become free from US anti-dumping duties on Circular Welded Carbon-Quality Steel Pipe (CWP) in the US market, the Vietnam Competition Authority said.

Irrecoverable tax debts were estimated to total more than VNĐ15 trillion (US$669.6 million) as of October 31, rising by 1.4 per cent over the end of last year, the General Department of Taxation said.

A recent report of the Việt Nam Chamber of Commerce and Industry (VCCI) shows free trade agreements will little impact on the country’s enterprises, however, many are against the result.

The Co.opmart supermarket chain will stock two to four times more essential goods for Tết (Lunar New Year) next year compared to this year.

The 11^th Việt Nam International Exhibition on Industrial Machinery Equipment, Material and Products (Vinamac Expo 2016) opened in HCM City yesterday.

Jaruwan Suwannasat, director of TCEB Exhibitions and Events and Supat Sriwannavit, president of the Associations of Thai Lifestyle Products Federation, tell Việt Nam News that Vietnamese firms stand to gain a lot from participating in Thai trade fairs.

Việt Nam’s State Capital Investment Corporation (SCIC) signed a memorandum of understanding with the International Finance Corporation (IFC) on improving corporate governance practices during equitisation, yesterday.

The conglomerate VinGroup will sell its entire ownership in the logistics service firm Phát Lộc Express and Trading JSC (Phát Lộc Express), VinGroup said in a statement.

The State Bank of Việt Nam (SBV) this week instructed concerned agencies and organisations to keep a strict check on the use of credit cards to prevent false transactions.

Shares rebounded yesterday on the two exchanges after a two-day decline as investors took advantage of bargains on attractive valuations.

Savings at banks remained attractive to locals, with deposits of individuals in the first nine months of this year seeing a sharp surge of more than VNĐ500 trillion (US$22.02 billion).

The Prime Minister Nguyễn Xuân Phúc on Tuesday directed the Ministry of Public Security to trace the person who spread the rumour that Việt Nam would replace the current banknotes with new ones.

The Vietnam National Oil and Gas Group (PetroVietnam) on Tuesday reported its completed production of oil 29 days ahead of schedule, with the 14.02 million tonnes target achieved on December 2.

The Government will review Viet Nam’s farming products – such as seafood, rice, vegetables, pepper, coffee, cashew nuts and rubber, and Halal products for Muslim people - in order to increase exports to ASEAN member states. The review will also include building material, steel and steel products in order to promote trade activities with the bloc.