Việt Nam News

Total assets of banks in Việt Nam by the end of last year surged 17.62 per cent against 2016 to VNĐ10 quadrillion (US$440.5 billion).

Việt Nam Television Cable Corporation Limited Company (VTVcab) will float nearly 42.3 million shares in its initial public offering (IPO) on April 17 on Hà Nội Stock Exchange.

The fair, which will conclude on March 23, has seen the participation of 1,000 enterprises from 15 countries. It is expected to attract two million visitors.

Việt Nam Southern Food Corporation (Vinafood 2) sold its entire offering of nearly 115 million shares, equivalent to 22.97 per cent of its charter capital, in its initial public offering (IPO) on the HCM Stock Exchange on Wednesday.

The first International Exhibition & Conference for Horticultural and Floricultural Production and Processing Technology (Hortex Vietnam) and the first international trade show on agricultural machinery, equipment and technologies (Agri Machinery & Tech Vietnam) opened on March 14 at the Saigon Exhibition and Convention Centre.

Việt Nam has urged the US government to consider excluding Vietnamese products from its new announcement on tariff measures for imported steel and aluminium. Chu Đức Khải, Vice Chairman and General Secretary of the Vietnam Steel Association (VSA), talks to Việt Nam News reporter Tạ Thu Giang about the challenges faced by Vietnamese steel makers after the decision.

US Department of Agriculture’s Food Safety and Inspection Service (FSIS) will inspect reality of Việt Nam’s catfish control system in next months, according the National Agro-Forestry-Fisheries Quality Assurance Department (NAFIQAD).

The Government Inspectorate (GI) has asked Prime Minister Nguyen Xuan Phuc to relay its inspection results of a VNĐ8.9 trillion (US$395 million) acquisition of Audio Visual Global (AVG) by State-owned communications giant Mobifone to the Ministry of Public Security for investigation.

 Shares gained for a third consecutive day on Wednesday, driven mainly by strong growth in bank stocks and some individual blue-chip stocks.

Enhancing supply chain linkages is one of the key measures for the sustainable development of industry, including supporting industries, an expo heard in HCM City yesterday.

The State Bank of Việt Nam (SBV) issued bills worth some VNĐ43 trillion (US$1.8 billion) in the past week to withdraw money from the banking system.

Việt Nam spent some US$15 million to import nearly 2,300 tonnes of beef from Australia and the United States in the first two months of this year, according to the General Department of Customs.

Japan-based Takara Belmont said it has acquired Vietnamese producer of hair care products, Ngữ Á Châu, for VNĐ181 billion (US$8 million).

The newly-established Committee for the Management of State Capital at Enterprises is seeking qualified managers and employees to ensure its effective operation.

The Japan Bank for International Cooperation (JBIC) is considering funding the Block B&52/97 project of the Việt Nam Oil and Gas Group (PetrolVietnam) with loans without a government guarantee.

The Government has set itself a target of collecting 80 percent of tax payments in cities through banks and enabling treasuries in all provinces and cities to have cashless payment systems by 2020.

 The trend of foreign financial institutions withdrawing capital from their Vietnamese joint ventures has raised questions about the country’s state of financial stability, but experts claim the situation is no cause for alarm.

Vietnamese government leaders always appreciate invaluable feedback on directing the macro-economy from experts and scholars, Deputy Prime Minister Vương Đình Huệ said.