Việt Nam News

Affiliates of oil and gas giants PetroVietnam (PVN) and ExxonMobil on Friday signed a US$10 billion framework agreement to build a power plant using natural gas extracted from the Cá Voi Xanh (Blue Whale) field in Quang Nam Province.

Shares were mixed on the two local exchanges yesterday, but market trading was disappointing as bank and energy stocks fell.

The Asian Infrastructure Investment Bank (AIIB) wants to invest in infrastructure development, particularly railways, highways and seaports, in Việt Nam, said AIIB President Jin Liqun.

Computer viruses caused losses of VNĐ10.4 trillion (US$470 million) in 2016, surpassing the VNĐ8.7 trillion the year before, according to the latest report from the BKAV Technology Group.

Customers must be at the centre of banks’ attention as they make a move towards digital transformation in an effort to adapt to a changing landscape of financial innovation and disruptive technologies.

The Import and Export Department under the Ministry of Industry and Trade on Wednesday recommended firms study their trade partners carefully in order to avoid risks in international trade.

The Vietnamese government continues to perfect the legal framework and policies to create a favourable business climate for foreign investors, which are regarded as one of the most important parts of the nation’s economy.

It is essential to lower input costs and improve quality to enhance competitiveness of agricultural products and efficiency of investments in this sector, experts have said.

Shares declined slightly on both local exchanges yesterday as bank and steel stocks lost rising momentum and foreign investors recorded the highest net sell value since the beginning of 2017.

The signing of a framework agreement on credit co-operation between the Vietnamese and Hungarian governments is an important landmark in the two countries’ diplomatic activities this year.

Vietnam Rubber Group (VRG) achieved a pre-tax profit growth of up to 51 per cent, reaching over VNĐ2.36 trillion (US$103.8 million) in 2016.

Prime Minister Nguyễn Xuân Phúc has urged the Ministry of Planning and Investment to renovate its thinking and management to better play its key role in promoting socio-economic development.

The Việt Nam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) should have a suitable structure to develop its members to become a strong economic group, said Deputy Prime Minister Trịnh Đình Dũng.

The banking – enterprises connection programme enabled around 22,000 businesses in HCM City to borrow over VNĐ280 trillion (US$12.5 billion) from banks last year.

Shares rose on both local bourses yesterday as bank stocks bounced back on expectations for positive 2016 earnings reports and energy firms recovered on upward moves in oil prices.

Việt Nam is expected to enjoy a compound annual growth rate of 9.5 per cent between 2016 and 2021 for outbound travel among Asia Pacific’s emerging markets, according to the “Future of Outbound Travel in Asia Pacific 2016 to 2021” report by MasterCard.

The real estate market in Hà Nội saw strong development in condominium, villa and townhouse segments in the fourth quarter last year.

The Ministry of Transport needs to focus on its restructuring, adjusting planning schemes and strategies with detailed implementation roadmaps and ensuring traffic safety in 2017.