Việt Nam News

Assets of Vietnamese credit institutions in September rose significantly by more than VNĐ198 trillion (US$8.8 billion) month-on-month thanks to a better performance, a State Bank of Việt Nam report showed.

Việt Nam needs VNĐ25 trillion (US$1.1 billion) to repair expected damage by El Nino during the 2016-20 period, the Ministry of Agriculture and Rural Development reported.

Việt Nam National Petroleum Group will complete procedures to list on the stock market by the end of this year, the company said in a public statement.

Local enterprises should build strong trademarks to promote consumption of agro-industrial products and improve competitive ability of them on local and global markets.

Việt Nam’s food processing industry offers huge investment potential for investors both in terms of the domestic market and exports, according to the Ministry of Industry and Trade.

Crocodile farmers and enterprises have suggested establishing a crocodile breeding and production association to strengthen links between them, so they can protect the market against being manipulated by foreign traders.

The State Bank of Việt Nam yesterday raised the reference VND/USD exchange rate by eight đồng, taking it to a record high of VNĐ22,101 per US dollar.

Shares declined yesterday afternoon as investors increased selling on uncertainty of the market’s outlook.

Viettel Group’s is likely to achieve its ex-Việt Nam revenue target of US$1.5 billion this year, thanks to a sudden spurt in sales in some of its new markets.

The State Bank of Việt Nam (SBV) announced yesterday that it would allow credit institutions and foreign bank branches to continue issuing short-term foreign currency loans to some borrowers.

Việt Nam is a top destination for Japan’s mechanical engineering companies seeking investment opportunities in Southeast Asia, said Itoh Kaori, head of a business delegation from Gifu prefecture.

The coupon for State Bank of Việt Nam’s 14-day treasury bills hit a one-year record high of 3 per cent on November 11.

Fitch Ratings on Tuesday released a report forecasting that Vietnamese banks are set to improve gradually next year.

The future of the Trans-Pacific Partnership Agreement (TPP) is in doubt after Donald Trump won the US presidency. Dr. Trần Toàn Thắng, deputy director of Business Environment and Competitiveness Department of Central Institute for Econommic Management (CIEM), spoke to Việt Nam News reporter Hoàng Như Hoa about the ramifications of the TPP being cancelled or renegotiated.

Việt Nam’s shrimp industry should reduce production costs and improve food safety to improve its competitiveness.

Finance ministers from ASEAN member nations gathered at a seminar in Jakarta, Indonesia, on November 15 to discuss investment opportunities in the region.

Strong recovery of world rubber prices was expected to continue through the end of the year and increase revenues for local rubber firms, according to local securities companies.

Hà Nội Department of Industry and Trade has directed its enterprises to increase supply of goods by 10 per cent over the previous year to satisfy the shopping needs of local people in the 2017 Tết (Lunar New Year) holiday, the biggest shopping season in the year which falls in the end of January next year.