Việt Nam News

The Summit Sơn Trà Apartment project has restarted in the central city of Đà Nẵng after a five-year delay caused by a shortage of funds.

The tra fish and Vietnamese seafood product fair kicked off on Friday at the Exhibition Fair, Economic Transaction and Commercial Area in Hà Nội’s Cầu Giấy District.

The Ministry of Industry and Trade has asked relevant agencies and localities to strengthen management of liquefied petroleum gas (LPG) production and trading activities to ensure market stability.

Retail prices of RON 92 and E5 petrol dropped by VNĐ112 and VNĐ105 per litre, respectively, at 4:55pm on Thursday, according to a joint decision of the ministries of industry and trade, and finance. 

Non-performing loans of credit institutions in HCM City were worth VNĐ60 trillion (US$2.64 billion) at the end of September, figures from the State bank of Việt Nam show.

Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO) sold its entire offering of  55.3 million shares in an initial public offering at HCM Stock Exchange yesterday.

Shares retreated on the HCM Stock Exchange yesterday as large-cap stocks were brought down by late profit taking, signaling poor investor sentiment.

Unlisted Public Company Market (UPCoM) welcomed the listing of nearly one billion shares in four companies on October 5. Share value registered for trading is equal to VNĐ11.8 trillion (US$518 billion).

Domestic airlines operating on the popular Hà Nội-Hồ Chí Minh City route have reduced the number of their flights due to technical and staff difficulties, the Civil Aviation Authority of Việt Nam (CAAV) reported yesterday. Nonetheless, it assured passengers that the domestic carriers were adhering to the flexible fare mechanism and not exceeding the ceiling level regulated.

During the first 10 months of the free trade agreement between Việt Nam and the Eurasian Economic Union (EAEU), total trade turnover between the sides grew 32 per cent, with exports from Việt Nam to EAEU countries increasing 28 per cent.

Small and medium-sized enterprises (SMEs) must improve their transparency to enable them to access banking credits, experts said at a conference on Thursday.

PetroVietnam Power Company (PV Power) will sell 20 per cent of its shares at its initial public offering (IPO) in late November or early December, Vietnam News Agency reported on Wednesday.

Singapore’s United Overseas Bank (UOB) has launched a Business Banking service dedicated to help small businesses in Việt Nam grow their business.

Cần Thơ City expects to export its first batches of rice to Iran in the last quarter of 2017, Huỳnh Trung Trứ, deputy director of the city’s Department of Industry and Trade, said.

Việt Nam National Oil and Gas Group (PetroVietnam)’s financial targets surpassed assigned plans, with the group earning VNĐ367 trillion (US$16.15 billion) in revenue in the first nine months of 2017.

Forty foreign institutional investors have joined the race for shares of the Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO) at the firm’s initial public offering (IPO).

The EU is set to rule this month on the Vietnamese seafood industry’s compliance with its regulations on illegal, unreported and unregulated (IUU) fishing, and the US has just announced new rules relating to the same issue.

The Việt Nam Chamber of Commerce and Industry (VCCI) said that the Ministry of Finance’s proposed fee cuts was a positive move, but stronger cuts or even abolishments were needed to support businesses.