Việt Nam News

The closed-end VinaCapital Vietnam Opportunity Fund (VOF) has spent US$45 million to purchase shares of Bình Sơn Refining and Petrochemical Company (BSR) and PetroVietnam Power Corporation (PV Power) at their initial public offerings (IPO).

Việt Nam has been actively working to implement the European Commission (EC)’s recommendations since it announced a yellow card on Vietnamese fisheries on October 23 last year.

Gold shops are stocking various products to take advantage of the huge demand on the God of Wealth Day, which falls on the 10th day of the Lunar New Year (February 25).

Việt Nam imported flowers and ornamental plants worth US$18 million from December 1, 2017, to January 31, 2018, for the Lunar New Year.

The industry-real estate-finance conglomerate T&T Group now has the highest chance to become the strategic partner of Việt Nam Southern Food Corporation (Vinafood 2), cafef.vn reported on Wednesday.

The tourism industry has greatly benefited from the Tết (Lunar New Year) holiday, with all regions of the country reporting a sharp rise in the number of tourists. 

Vietnamese shares soared on Wednesday, the first trading day of the lunar year, thanks to positive sentiment among investors.

The retail price of petrol RON95 decreased VNĐ400 per litre from 3pm on Wednesday, according to an announcement by the ministries of industry and trade and finance.

Local Trường Hải Automobile Company (Thaco) rolled out the first made-in-Việt Nam tractor at the agricultural machinery manufacturing factory in the Chu Lai-Trường Hải Industrial Complex after one year of construction.

Tra fish exports to the UK were worth US$45.7 million last year, an increase of 2.5 percent over the previous year, according to the Vietnam Association of Seafood Exporters and Producers.

The Viglacera Corporation on Wednesday started construction of a housing project for workers in the Phú Hà Industrial Zone in the northern province of Phú Thọ.

Novaland Investment Group Corporation has sought shareholders’ approval to list securities on international stock exchanges and issue shares.

Fast moving consumer goods are expected to have another year of strong growth in 2018 and rise 6-7 per cent over the preceding year, according to a Kantar Worldpanel report on Việt Nam FMCG market.

The southernmost province of Cà Mau is aiming to develop crab farming to make the crustacean its second biggest aquatic export after brackish shrimp.

A new year has come bringing with it, as usual, many new opportunities and challenges. Many entrepreneurs and researchers believe Việt Nam will enjoy good growth this year, and they see good prospects for many sectors. Some of them talk about this and more with Việt Nam News. 

The Cửu Long (Mekong) Delta province of Kiên Giang is soliciting investment in industrial parks and other projects as a means to boost socio-economic development.

Việt Nam’s stock market is expected to rise further after the Tết (Lunar New Year) holiday and even throughout 2018, boosted by positive macro economic development as well as support of foreign traders.

Construction on a US$24.6-million auto parts factory is under-way in the northern Thái Bình province’s Tiền Hải Industrial Zone with completion expected in July 2019.