VN stocks up at start of 2017

Shares opened the first trading day of the new year on a high note, with investors confident of bright prospect of the securities market.

New decree elaborates mineral mining rules

Mineral exploration and mining activities are guided and governed by Government Decree No 158/2016/NĐ-CP (November 29, 2016), which elaborates on a number of provisions of the Law on Minerals.   

Rosy 2017 VN economic outlook: experts

Việt Nam will achieve its 2017 goal of 6.7 per cent growth in gross domestic product (GDP), higher than 6.21 per cent in 2016, due to the efficiency of its reforms, said experts.

PM emphasises key role of EVN in national grid

Electricity of Việt Nam (EVN) should continue promoting its key role as a State-run company in national power supply, Prime Minister Nguyễn Xuân Phúc said at a conference in Hà Nội yesterday.

'Lucky money' in demand ahead of Tết

The popular practice of exchanging new or special banknotes for a fee kicked off several weeks ago in many big cities, with one month to go before the start of Tết (Lunar New Year).

VN moves to improve equitisation transparency

The Government has issued a list of 103 firms of which 100 per cent of stake will be held by the State and decided to equitise 137 State-owned enterprises (SOEs) in the 2016-20 period.

National carrier lists 1.22b shares on UPCoM

Vietnam Airlines, the country’s largest aviation corporation, on Tuesday started trading more than 1.22 billion shares on Unlisted Public Company Market (UPCoM) at a starting price of VNĐ28,000 (US$1.24) per share.

VN Post and Telecom Group profits up 15%

The Vietnam Post and Telecommunications Group (VNPT) is targeting an increase of 15 per cent in profit in 2017 compared with 2016, Phạm Đức Long, general director of VNPT, said.

VIB to trade 564.4 million shares on UPCoM

Việt Nam International Joint Stock Bank (VIB) will trade 564.4 million shares on the Unlisted Public Company Market (UPCoM) on January 9, according to the Hà Nội Stock Exchange.

Coal piles up as VN firms prefer imports

According to statistics from the General Customs Department, as of December 15 Việt Nam had imported a total 13 million tonnes of coal worth US$860 million during the year, more than four times the targeted 3 million tonnes.

VN sugar production down 13%

Sugar output in the 2015-16 crop was 1.23 million tonnes, a year-on-year drop of 12.7 percent, said Phạm Quốc Doanh, Chairman of the Việt Nam Sugarcane and Sugar Association, at a seminar in HCM City last week of sugar producers, distributors and consumers.

City targets 50,000 new firms in 2017

HCM City hopes to incorporate 50,000 new companies this year so that there are 500,000 operational ones by 2020, the chairman of the city People’s Committee, Nguyễn Thành Phong, has said.

Central city should be a world-class smart city: PM

The central city of Đà Nẵng should develop as a unique smart city and a competitive global centre of tourism and services, Prime Minister Nguyễn Xuân Phúc said at a meeting to mark the 20th anniversary of Đà Nẵng’s autonomous status directly under the central government.

Positive year seen, 2016 shadow hovers

Vietnamese shares may advance in 2017, analysts say, cautioning that market conditions can get volatile with international events of 2016 continuing to exert unpredictable impacts on Việt Nam.

NEWS FROM MEDIA-OUTREACH

E-paper