Việt Nam News

Airports Corporation of Việt Nam (ACV) is seeking to earn more than VNĐ108.6 million (US$4.83 million) by selling nearly four million shares of Southern Airports Services Joint Stock Company (SASCO).

Legal regulations on settling mortgaged assets must be streamlined to help credit institutions solve non-performing loans (NPLs), participants at a conference held in Hà Nội said yesterday.

Only one per cent of total enterprises in Việt Nam have invested in agriculture, and 55 per cent of these are small scale, capitalised at under VNĐ5 billion, said Minister of Agriculture and Rural Development Nguyễn Xuân Cường.

The Bank for Foreign Trade of Việt Nam (Vietcombank) on Monday announced it successfully issued non-convertible bonds worth VNĐ2 trillion (US$88 million).

The US dollar today continuously strengthened against the Vietnamese đồng at local banks and on the informal domestic market.

Many textile and garment enterprises are investing in textile and dyeing complexes to ensure material for sustainable development, Vietnam Television (VTV)reported recently.

Deepening structural reforms is crucial to Việt Nam’s growth, World Bank Country Director Ousmane Dione said as the organisation released a biannual review of the country’s economic performance in Hà Nội yesterday.

Việt Nam has become the second Asian country to achieve a fine flavour cocoa (FFC) designation from the International Cocoa Organisation (ICCO).

Despite failing to hit the yearly target of 8.5-9 per cent, Hà Nội’s economic growth in 2016 has hit its highest level in six years, reaching 8.03 per cent, Deputy Chairman of the municipal People’s Committee Nguyễn Doãn Toản said yesterday.

The private sector would be a crucial factor in national economic development, namely foreign direct investment (FDI) companies, said Prime Minister Nguyễn Xuân Phúc in his speech at the 2016 Annual Vietnam Business Forum held yesterday in Hà Nội.

Shares continued last week’s decline yesterday on the two national stock exchanges as traders continued to sell riskier assets on fears of a further decline on the back of untamed selling by foreign traders.

The domestic retail price of petroleum increased by VNĐ304 to reach VNĐ16,675 (74 US cents) per litre as of 7pm yesterday, the Ministry of Industry and Trade (MoIT) said.The price of E5 RON 92 biofuel also rose by VNĐ301 to VNĐ16,522 per litre. The prices of diesel and kerosene went up by VNĐ163 and VNĐ244 to VNĐ12,672 and VNĐ11,290 per litre, respectively. The price of mazut was VNĐ9,962 per kg, an increase of VNĐ275.

South Korea-based Nonghyup Bank has officially opened a branch in Hà Nội after receiving an official license from the State Bank of Việt Nam.

The Việt Nam Commercial Bank of Industry and Trade (VietinBank) has asked its shareholders for their views on the 2015 dividend payout by cash.

The country has equitised 52 State-owned enterprises (SOEs) in the past 11 months, the Steering Board for SOEs Renovation and Development said.

The total sales of 30 large companies on Online Friday 2016, falling on December 2, reached VNĐ664 billion ($28 million), triple the sales compared to last year’s event. Some companies reported sales that were 10 times higher than last year.

One of the most important purposes of the equitisation of State-owned enterprises is to improve their management, and thus their performance.

Việt Nam has climbed up 14 ranks to number 73 in the Global Enabling Trade Index according to the latest World Economic Forum (WEF) report.