Việt Nam News

Several commercial banks have in the early days of 2017 posted positive business performance for 2016, with profits much higher than the previous year.

The State Bank of Việt Nam (SBV) will control inflation under 4 per cent and stabilise the macro economy to reach a GDP growth of 6.7 per cent, as well as ensure a safe operation for the banking system, a high ranking official of SBV said.

Maritime Bank will list 1.17 million shares on the Unlisted Public Company Market (UPCoM) on January 20

Myanmar National Tele & Communications Co Ltd (MNTC), a joint venture between Viettel Global, Myanmar National Telecom Holding Public Limited (MNTH) and Star High Public Company Limited (Star High) on Thursday officially received a license to begin offering nationwide telecommunications services under the Mytel brand name.

The Ministry of Finance has proposed, in a draft law, to almost triple the environmental protection tax on oil and gas consumption from the current VNĐ3,000 (US$0.13) to VNĐ8,000 per litre.

 The Ministry of Finance (MoF) on Friday delivered documents to  the Ministry of Industry and Trade (MoIT) regarding the management of 877 formula milk products for children less than six years old. 

Fertiliser stocks which suffered a dismal 2016 are expected to rebound this year given long-term rising demand as well as global price hikes, according to industry estimates.

The process of equitising State-owned enterprises, which has been slower than expected, is likely to get a boost after Prime Minister Nguyễn Xuân  Phúc recently instructed Minister of Finance Đinh Tiến Dũng to take charge of the task and achieve a breakthrough.

 The VN Index, Việt Nam’s benchmark stock index, could fall back to the 675-680 range if it fails to reach 690-692 points, according to analysts and securities firms.

Việt Nam’s textile and garment industry has targeted a growth in exports of 6.5-7 per cent to US$30 billion this year.

Nearly 200 Vietnamese enterprises are participating in the component supply chain used by three Samsung plants in Việt Nam, including 20 tier-1 vendors and 178 tier-2 vendors.

The đồng has strengthened against the US dollar unexpectedly in the first two weeks of trading in 2017.

Internet connectivity in Việt Nam will remain discontinuation in the next two weeks.

Hà Nội Beer Alcohol and Beverage Joint Stock Corporation (Habeco) will start trading with code BHN on the HCM Stock Exchange (HOSE) on January 19, the southern bourse announced on Wednesday.

The Ministry of Science and Technology (MoST) organised a seminar on technology demand of the business community in Hà Nội yesterday, in order to help with the building of a Vietnam-Korea Institute of Science and Technology (V-KIST).

Despite a large number of Internet users, investment for online advertisement in Việt Nam remains modest, a conference heard on Thursday.

The central province of Thừa Thiên-Huế expects to see a surge of investment in tourism this year in light of interest expressed by investors last year.

Việt Nam will host all activities within the framework of the 29th Asia-Pacific Economic Cooperation (APEC) in November this year, the Vietnam Chamber of Commerce and Industry (VCCI) has announced.