Việt Nam News

PetroVietnam Gas Joint Stock Corporation (PV Gas) has raised its full-year profit forecast by 18.4 per cent as oil has performed well and traded at higher than expected price levels.

Shares concluded the week in opposite directions on the two stock exchanges on Friday as investor confidence weakened on an unstable market outlook.

Looking back at the 2017 fiscal year, the Vietnam State Treasury (VNST) concluded it had completed fundamental tasks under the Government’s action plan, including investment capital disbursement, monetary injection, and strict management of state budget expenditures in accordance with legal provisions.

FLC Group plans to invest US$1.5 billion in hi-tech agriculture in Việt Nam in the 2018-20 period.

PetroVietnam Power Corporation (PV Power) will put more than 468.3 million shares of its charter capital for sale in its initial public offering (IPO) on January 31, 2018.

During the 10-year period (2007-2016), Việt Nam has consistently been the largest shrimp supplier for Switzerland, accounting for over 50 per cent of total Swiss shrimp imports.

The annual fair houses over 200 booths featuring leading fashion brands in textile and garment, leather footwear, cosmetics, jewellery as well as beauty care services in a total area of 4,000sq.m. It also includes booths showcasing raw materials for the textile and garment sector.   

Maximum credit growth this year is forecast to be just 18-19 per cent, meaning that the banking system will not use up the increased room of 21 per cent.

Shares declined on the two national stock exchanges on Thursday, dragged by bank stocks, as investor sentiment remained unstable on the market outlook.

Investors of bitcoin in particular and cryptocurrencies in general should be aware of the possible risks involved in addition to rapidly increasing profits, experts have warned.

Việt Nam always creates favourable conditions for foreign investors, including those from Egypt, in their investment activities in the nation, Vietnamese Ambassador to Egypt Đỗ Hoàng Long has said.

Việt Nam’s exports are expected to reach more than US$212 billion for the first time this year, much higher than the $176 billion recorded last year, said Dương Duy Hưng, head of the Ministry of Industry and Trade (MoIT)’s Planning Department.

Toyota Việt Nam is one of the first firms to ask the Ministry of Industry and Trade to issue business certificates in accordance with new government Decree No 116/2017/NĐ-CP.

The Vimo Technology Joint Stock Company (Vimo.vn) and Southern Airport Services Joint Stock Company (SASCO) on Tuesday signed a co-operation agreement on launching electronic payment services for Asian tourists when travelling into Việt Nam.

The southern province of Đồng Nai attracted over US$1.3 billion in foreign direct investment (FDI) in 2017, $300 million higher than the set target.

Việt Nam’s paint and printing ink industry is expected to enjoy a growth rate of 8 per cent in volume and 10 per cent in value compared to last year, according to the Việt Nam Paint and Printing Ink Association.

 Only 51 per cent of Vietnamese adults have credit registry coverage, much lower than the approximate 100 per cent in developed countries.

Despite important trade agreements and commercial commitments between Việt Nam and China, local enterprises are not reaping expected gains. Phạm Sỹ Thành, Director of the China Economic Research Programme at the Việt Nam Centre for Economics and Policy Research, explains the situation.