Sabeco fined for administrative misconduct

The State Security Commission of Vietnam (SSC) issued a decision to fine the Saigon Alcohol Beer and Beverages Corporation (Sabeco) for alleged regulatory malpractice on the stock market.

Central bank ready to sell the dollar to stabilise forex market

After listing the đồng/dollar exchange rate at the cap regulated by the central bank yesterday, commercial banks this morning lowered their rate, in the wake of an affirmation from the central bank to be ready to sell the dollar to intervene in the forex market.

Central VN woos Euro investors

Central Thừa Thiên-Huế and Quảng Nam provinces and their neighbouring Đà Nẵng City  will offer optimal conditions to lure investment from European countries in hi-tech, tourism, logistics, health care and advanced farming.

VN stocks retreat on profit-taking

Shares fell yesterday to end a three-day rally as investors tried to lock in profits and choppy crude prices resulted in a negative move for the energy sector.

City Infrastructure JSC sells $40m bond

HCM City Infrastructure Investment JSC yesterday signed a contract to sell US$40 million worth of convertible bonds to KEB Hana Banktrustee and Custodian Business, the first tranche in its plan of issuing $60 million bonds to raise funds for its projects, the HCM Stock Exchange-listed company announced.

Việt Nam hobbled by weak logistics sector

Việt Nam has emerged as a powerful manufacturing powerhouse in Asia but “weak logistics activities have limited its trade competitiveness”, the deputy minister of industry and trade said at a logistics forum held yesterday in HCM City.

Agriculture to focus on 10 export products: Minister

The agricultural sector will focus on restructuring, developing and promoting 10 key products for export, Minister of Agriculture and Rural Development Nguyễn Xuân Cường said at a meeting held on November 22 in Hà Nội.

Credit growth in Hà Nội rises 15.6%

Outstanding loans of Hà Nội-credit institutions are estimated to touch VNĐ1.43 trillion (US$63.27 million) in November, up 15.6 per cent since last December, reveals the latest report by Hà Nội Statistics Office.

National brand award to honour 88 businesses

Up to 88 businesses will be presented with the "Việt Nam Value Award 2016" in recognition of their strong national brand names on November 30, officials announced on Wednesday.

Authorities fine telecom providers

The Ministry of Information and Communications imposed fines of around VNĐ1 billion (US$45,000) on Viettel, VinaPhone, MobiFone, Vietnamobile and GTel for violating regulations on discounts and promotions.

 

Committee to launch economic survey

The Ministry of Planning and Investment (MPI) has issued a decision establishing a central steering committee to launch a general economic survey next year to serve the country’s economic management.

Gov’t aims for stable power tariff

The electricity sector in 2017 would strive to prevent the power tariff issue from stirring controversies among people, said Hoàng Quốc Vượng, deputy minister of Industry and Trade.
 

Sanctions will convince State-owned enterprises to list

A number of big State-owned enterprises recently listing or preparing trading on the Unlisted Public Company Market (UPCoM) after long-delayed plans have attracted large investor attention. Tạ Thanh Bình, Director of Securities Market Development Department under the State Securities Commission, speaks to Việt Nam News about the newly effective regulation on obligatory listing for equitised State-owned enterprises and its impact on the market and equitisation progress.

VN fruit sent to tough markets

Việt Nam exported nearly 10,000 tonnes of fresh fruit to difficult markets such as the United States, Canada, South Korea and Japan in the first 10 months of this year.

Masan, banks lift local stocks

Shares rallied for a third succession session on Wednesday, driven by consumer goods producer Masan Group’s dividend payment plan, while financial-banking stocks continued to perform well.

 

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