Việt Nam News

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.

National Assembly Chairwoman Nguyễn Thị Kim Ngân called it critical to clarify criteria determining which businesses are small and medium sized in order to raise feasible support as the country aims to boost its private sector and start-up culture.

 The Mekong Enterprise Fund III Ltd (MEF III), managed by private equity firm Mekong Capital, yesterday inked an investment deal with the Hà Nội-based pawn shop chain F88.

The Airports Corporation of Việt Nam (ACV) plans to sign a strategic partnership agreement with French airport authority Aéroports de Paris (ADP) in March this year.

Consumer lending is seeing only a slow rise ahead of Tết (Lunar New Year), despite commercial banks offering preferential loans to both individuals and enterprises.

Samsung Việt Nam’s turnover in 2016 touched US$46.3 billion, while its exports reached $39.9 billion, rising 9.9 per cent compared to 2015, despite the Galaxy Note 7 recall.

The VN Index, Viet Nam’s benchmark stock index, yesterday declined the first time after rallying for seven consecutive trading days.

The State Bank of Việt Nam has asked its branches and credit institutions nationwide to report quarterly their lending to small-and medium-sized enterprises (SMEs).

Two giant State-owned corporations, Vietnam National Petroleum Group (Petrolimex) and Viet Nam Steel Corporation (VNSTEEL), achieved record profits last year, according to a conference held by the Party Organisation of the Central Enterprises Bloc (CEB) on Monday.