Việt Nam News

Việt Nam Mobile Telecom Services Corporation (MobiFone) plans to sell its total of more than 5.5 million shares in Tiên Phong Commercial Joint Stock Bank (TPBank).

Việt Nam registered a growth in the exports of all key farming products as well as forestry and seafood products during the first half of this year.

Most insurance businesses planned to apply new technologies in management systems and improving customer services, and many also plan to study new products to meet the market’s demand and diversify insurance sale channels, according to a Việt Nam Report survey conducted in May and released last week.

State-owned glass and construction ceramic producer Viglacera plans to earn VNĐ950 billion (US$41.65 million) in pre-tax profit in 2018, up 4 per cent year-on-year, the company announced in its annual shareholders’ meeting on Friday in Hà Nội.

The central province of Quảng Bình hopes to grant investment licences and sign commitments to implement projects with a total investment capital of up to US$4 billion during an upcoming investment promotion conference.

The Southern Power Corporation of the Electricity of Việt Nam (EVN SPC) is investing in six new power works, including 110-220 kV transformer stations, that would be built in the Phú Quốc island district of the Cửu Long (Mekong) Delta province of Kiên Giang.

Pepper growers in the Central Highlands province of Gia Lai are facing debt as the price of black pepper has plunged in recent years.

Vietnam Airlines has signed a deal with Việt Nam Payment Solution Joint Stock Company (VNPAY) – the biggest QR code payment firm in Viet Nam, to apply QR code technology for online ticket bookings.

Analysts attributed the excellent performances in the banking sector this year to sharp credit growth.

The recent volatility of global stocks and the outflow of foreign capital have dampened investors’ confidence in Vietnamese shares in the past few weeks and the troubles are forecast to last into the near future.

The gross domestic product (GDP) value of agriculture, forestry and fishery is estimated to expand from between 3.95 per cent to 4.05 per cent in the first six months of 2018, the highest level in the last 10 years.

Nearly 100 businesses from Việt Nam and Laos gathered at a conference in Vientiane on Friday to seek partnership opportunities, an activity within the framework of the Laos-Việt Nam Trade Fair 2018.

Cam Ranh International Airport in the central province of Khánh Hòa on Saturday officially opened a new terminal for international services (first phase) which has total investment of over VNĐ3.7 trillion (US$164 million).

Minister of Industry and Trade Trần Tuấn Anh has proposed building a co-operation programme between the Vietnamese and Japanese Governments to effectively enforce the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Prime Minister Nguyễn Xuân Phúc has asked the northern province of Thái Nguyên to strive to become a leading hub of industry, service and innovation in the northern region and the country as a whole.

Moody’s Investors Service has upgraded the long-term local and foreign-currency deposit and issuer ratings  for the Hồ Chí Minh City Development Joint Stock Commercial Bank (HDBank) to B1.

Việt Nam’s gross domestic product (GDP) expanded 7.08 per cent in the first half of the year, marking the highest rate since 2010, fueled by robust expansion of the industrial and construction sector and service sector, according to the General Statistics Office (GSO).

The tax incentive mechanism of the EU-Vietnam Free Trade Agreement (EVFTA) will bring great benefits to Vietnamese industries and products, according to Minister of Industry and Trade Trần Tuấn Anh.