Việt Nam News

Vietnamese shares extended gains for a second session on Monday thanks to the growth of large-caps, but liquidity remained low signaling an unsustainable trend for the market at the moment.

The State Securities Commission (SSC) has imposed administrative sanctions on 11 enterprises and individuals who have violated disclosure regulations during the past week.

Vietnamese enterprises are displaying their products at the 25th South African International Trade Exhibition (SAITEX), which began in Johannesburg on June 24.

Việt Nam Construction and Machinery Installation Corp 18 (Lilama 18) will undertake the construction of the Hải Linh Vũng Tàu project on liquid natural gas (LNG) tank.

TWGroup Corporation and Japan’s Hinokiya Group Co. have signed an agreement to develop housing and other projects in Việt Nam, starting off with a Japanese-style housing project in HCM City next year.

The southern province of Đồng Nai attracted US$902 million in foreign direct investment (FDI) in the first six months of the year. This accounts for more than 90 per cent of the yearly plan and is up by 48 per cent from the same period in 2017. 

The Mekong Delta city of Cần Thơ has shown strong socio-economic performance in the first half of 2018, with all indicators exceeding the targets. 

National Oil and Gas Group (PetroVietnam) said it was coordinating with relevant partners to prepare for the resumption of Bình Phước Ethanol Plant in the southern province of Bình Phước. 

The State Bank of Việt Nam has sought the Government’s permission to allow credit institutions more time to sell their stakes in other lenders since many smaller ones are struggling to do so.

Việt Nam is the holy grail for global beer companies, with the market continuing to grow while many others have flatlined, but the competition is fierce.

The local business environment has not witnessed strong reforms although the government has made efforts to improve the same over the past years, according to experts.

Việt Nam witnessed a growth in textile and garment exports to most of the major markets in the first five months of 2018, reported the General Department of Việt Nam Customs.

Morgan Stanley Capital International (MSCI) has decided to hold Việt Nam’s staus in the equity market in the Frontier Markets Index until 2019.

Vietnamese stocks had experienced a volatile week with three deep bearish trading sessions among low overall liquidity given the massive sell-offs of foreign investors.

More than 13,690 new ".vn" domain names were registered last month, taking the total number so far to over 444,860, 10.2 per cent higher than a year ago, according to the Việt Nam Internet Network Information Centre.

With Việt Nam signing many multilateral and bilateral trade agreements and attracting more and more foreign investment, it is hard to avoid grievances and disputes, a workshop heard in HCM City yesterday (June 22).

Việt Nam has big potential in applying 4.0 technology to develop retail banks and payment utilities.

Vietnamese shares added value nationwide in the last trading session of the week but suffered low liquidity, as oil and bank shares took the spotlight in spite of previous steep declines.