The Bank for Investment and Development of Việt Nam (BIDV) on Tuesday announced the closing of its representative office in Yangon, Myanmar.

Việt Nam Railways Corporation (VNR) on Monday launched a freight rail service between Việt Nam’s northern port city of Hải Phòng and Kaiyuan in China’s Yunnan Province. 

Some 25 per cent of CEOs or board directors in Việt Nam are women, surpassing the figures for Malaysia, Singapore and Indonesia.

Military-run telecom provider, Viettel Group, and the Việt Nam National University (VNU) on Monday officially launched the School of Aerospace Engineering (SAE) — the first of its kind in Việt Nam.

 State-owned Sông Đà Corporation will offer 219 million shares at its initial public offering (IPO) scheduled on December 25.

Hà Nội said it has prepared 28.5ha of land for developers to build 27 resettlement housing projects with an estimated 19,800 apartment units.

The EU-Vietnam Free Trade Agreement (EVFTA) is expected to create a breakthrough for timber and wooden products. Experts forecast about US$1 billion worth of timber to be exported to the EU annually by 2020, according to an official of the Vietnam Timber and Forest Association.

Trade development of the Cambodia-Laos-Việt Nam (CLV) Development Triangle Area remains modest and unsynchronised, failing to match the potential and the strategic co-operation between the three countries, participants were told at the 11th Trade and Tourism Promotion Forum of the CLV Development Triangle Area held in the southern province of Bình Phước on Monday.

The country’s cement surplus this year could be 30 million tonnes and reach 35 million tonnes by 2020 if Việt Nam does not export cement.

New strategies to attract foreign direct investment (FDI) must strengthen linkages with domestic enterprises as a lacuna that cannot be ignored anymore, experts say.

A three-day official friendly visit to Việt Nam by Bounnhang Volachith, the Lao Party general secretary and national president, which starts today, is expected to boost diplomatic and economic co-operation between the two sides and open new opportunities for Vietnamese investment in Laos.

Prime Minister Nguyễn Xuân Phúc has urged the Mekong Delta region to improve logistics to increase fruit and vegetable exports to global markets.

The Ministry of Industry and Trade (MoIT) on Monday sold all of its 343.6 million shares or a 53.6 per cent stake of the Saigon Beer, Alcohol and Beverage Corporation (Sabeco), receiving an estimated VNĐ110 trillion (US$4.89 billion).

Shares advanced further towards the end of Monday’s afternoon session on solid investor confidence following the successful auction of brewer Sabeco’s shares, as well as strong recovery of major large-cap stocks.

The People’s Committee of Bến Tre has approved the proposal of Nexif Energy, an independent power producer in Asia and Australia, to develop a wind power project with 80MW capacity in the southern province.

The Vietnam National Coal and Mineral Industries Corporation (Vinacomin) signed a contract to supply alumina to Emirates Global Aluminum (EGA) from the United Arab Emirates (UAE) from 2018-20.

The Việt Nam Construction and Machinery Installation Corp (Lilama) will withdraw 15 per cent of its capital at its affiliate, Lilama 45-1 Joint Stock Company.

Remittance inflows to HCM City in the 11 months of this year reached US$4.55 billion, Nguyễn Hoàng Minh, deputy director of the State Bank of Việt Nam’s HCM City branch, said.