TTCS announces 50% profit rise

Thành Thành Công Biên Hòa Sugar JSC (TTCS) announced post-tax profits for the first half of the fiscal year 2017-18 of VNĐ260 billion (US$11.5 million), a yearly increase of 49.4 per cent.

SBV urges property lending caution

State Bank of Việt Nam (SBV) has asked credit institutions to limit their lending to the real estate and construction sectors to better control bad debts.

Việt Nam-Ukraine trade spurts

Trade between Việt Nam and Ukraine was valued at US$35.5 million last month, an increase of 22.2 per cent year-on-year, according to the General Department of Customs.

VN stock market targets safe growth

The Government and the State Securities Commission plan to carry out some key measures to develop the stock market in a rapid and effective but safe manner, Minister of Finance Đinh Tiến Dũng has said.

Finance Ministry proposes environmental tax hike

The Ministry of Finance has proposed raising environmental protection taxes on oil and petroleum products from the current VNĐ3,000 (13 US cents) to the ceiling level of VNĐ4,000 (17 cents) per litre beginning July 1st 2018.

Reduced Australian tariff to boost VN exports

Australia will cut 90 per cent of import tariff lines in 2018 and 100 per cent of them in 2020 under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) roadmap, said the Ministry of Industry and Trade (MoIT).

VN property market expected to grow

Analysts expect the real estate market, especially the residential land segment, to continue to grow solidly this year thanks to huge infrastructure works in many places around the country accompanies by a raft of property developments.

Southern province licenses 8 new projects

The People’s Committee of southern Bà Rịa –Vũng Tàu province on Friday licensed eight new investment projects worth over VNĐ8.3 trillion (US$364 million).

Strong purchase drives shares up

Vietnamese shares posted a strong comeback on Friday after a slump on Thursday, thanks to strong cash flow poured into blue-chips especially during the ATC session.

Foreign investors register to invest $1.25 billion in January

Foreign investors registered to invest nearly $1.25 billion in Việt Nam in January, which will include funding for new projects, in addition to existing projects and buying stakes in projects, which will equal 75.9 per cent, compared to the same period last year.

City to pay interest for hi-tech farms

HCM City will subsidise interest on bank loans by up to 100 per cent to support individuals and organisations who help transform its agricultural sector.

Shares slump from three-day rise

Vietnamese shares fell for the first time on Thursday, due to increased selling pressure during the ATC session, dragging oil-gas and bank stocks down.

Vietcombank to be among top 100 banks in Asia

Prime Minister Nguyễn Xuân Phúc has asked Vietcombank to broaden its vision to become a large bank in the Asian region through its newly approved restructuring plan until 2020.

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