Việt Nam News

Việt Nam’s trade value was estimated at US$29.3 billion in January, down 13 per cent from the previous month, according to the General Department of Customs.

Vietjet Aviation Joint Stock Company will issue more than 22.3 million shares, equal to 7.46 per cent of the company’s outstanding shares, to Hướng Dương Sunny Investment Co Ltd.

Việt Nam expects to achieve US$3 billion as its total export value of vegetables and fruits this year, exceeding the vegetable and fruit industry’s target of $2.4 billion.

The central bank has targeted keeping interest rate stable in 2017, however, the market’s developments in the first half of January 2017 show that lending rates are suffering from many pressures, the Người Lao Động (Labourers) newspaper has reported.

The wood processing industry faces a lot of difficulties in the future following the government’s order close natural forest gates from January 1.

Việt Nam National Coal and Mineral Industries Group (Vinacomin), the nation’s biggest coal miner, is eyeing average annual revenue growth between 5.5 per cent and 6 per cent, until 2020.

Co-operation between producers and companies is necessary to develop agriculture and to attract more investment in the sector, Minister of Agriculture and Rural Development Nguyễn Xuân Cường has said.

Quảng Nam province has approved the Hà Lam-Chợ Được Industry-Trade-Service Complex on 83.5ha in Thăng Bình district.

Small-sized banks are making great efforts to grow to avoid being merged or acquired, however, it is not easy, according to the Đầu tư chứng khoán (Securities Investment) newspaper.

Vũ Tiến Lộc, chairman of Việt Nam Chamber of Commerce and Industry spoke to Voice of Vietnam (VOV) about this issue, and the conversion of 5 million business households to enterprises in order to reach the target of 1 million quality enterprises in 2020.

Prime Minister Nguyễn Xuân Phúc has signed a decree allowing Vietnamese to gamble at casinos in Việt Nam. It will come into effect on March 15.

Experts said the legality of coastal condotels should be clarified since the product had recently emerged an investment trend in Việt Nam's realty market.

The number of companies involved in foreign trade has increased, indicating simplified customs procedures, a senior official in the Customs General Department said.

Though Việt Nam possesses huge amounts of iron ore, there is a serious shortage of steel for the mechanical engineering industry and defense industry, the Ministry of Industry and Trade’s Heavy Industry Department Director Trương Thanh Hoài told online newspaper news.zing.vn on Monday.

Việt Nam will likely launch its bond derivatives market in the first quarter of this year. This is part of the four-year roadmap for the domestic bond market prepared by the Ministry of Finance and projected to be submitted to the Prime Minister this year.

The VN Index on the HCM Stock Exchange climbed to a nine-year high in the last trading session of the lunar new year as investor confidence was positive on expectations for a better trading year when the market returns after the Tết holiday.

State Bank of Việt Nam (SBV) has urged commercial banks and card issuers to ensure smooth operation of automatic telling machines (ATMs) before the Tết (Lunar New Year) holidays begin.

The Governor of State Bank of Việt Nam on Tuesday signed regulations on boosting restructuring of the system and settlement of non-performing loans (NPLs), and making the banking system safe.