Việt Nam News

The Ministry of Industry and Trade plans to streamline 464 to 612 conditions for establishing new businesses, equivalent to some 38.15 to 50.3 per cent of the total business conditions. 

Shares on the two stock exchanges opened this week’s trading with gains as investors demonstrated their rising confidence in the market outlook.

The HCM Stock Exchange has warned that shares of Trường Thành Furniture Corporation (HOSE: TTF) could be delisted as its accumulated losses might have exceeded the company’s charter capital.

The State Bank of Vietnam (SBV) has clearly stated that unlike legal tenders, cryptocurrencies such as bitcoin are not considered real money and thus not recognised as payment methods in Vietnamese law.

With the Government releasing the policy to develop the solar energy industry, it is poised for a boom, a workshop heard in HCM City yesterday (Monday).

Five commercial banks have been selected to pilot a 24/7 e-tax payment scheme from November this year.

The Civil Aviation Administration of Việt Nam (CAAV) has submitted a proposal to the Ministry of Transport to apply preferential pricing policies for some international routes of Jetstar Pacific Airlines Joint Stock Aviation Company.

Online Friday 2017, the country’s biggest annual online shopping day held by the Ministry of Industry and Trade, will be held on September 29.

As many as 250 enterprises from 20 countries and territories will participate in the Việt Nam Hardware and Hand Tools Expo 2017, organised from December 6 to 9 this year.

Promoting regional linkage from production to distribution is essential to turn the country’s southern part into a trade hub.

HCM City has called for more investment in solar power in the city due to its great potential in the sector.

In the first eight months of the year Việt Nam attracted foreign investment worth more than US$23.36 billion, a year-on-year increase of 45.1 per cent.

The Department of Planning and Investment of the Mekong Delta province of Bạc Liêu signed a Memorandum of Understanding with the South Korea-based SY Group to build a solar power project in Đông Hải District.

The Ministry of Agriculture and Rural Development (MARD) has valued the Vietnam Rubber Group (VRG), the country’s largest rubber company, at VNĐ4 trillion (US$177.78 million), not including its land, marking another step toward its equitisation by the end of 2017.

As the country’s consumption demand increases to match national economic progress, more and more foreign retailers are entering the Vietnamese market to a warm welcome from buyers, while Việt Nam’s domestic brands look for their own growth strategies against the newcomers.

The benchmark VN-Index confirmed the steady uptrend with a forth consecutive rallying week but suspicion still lingers in the context of modest liquidity and dominant role of large-cap stocks.

Gas station operator Petrolimex is the firm with the highest revenue in the local stock market, according to the business magazine Forbes Vietnam.

Shares declined on the HCM Stock Exchange on the last four days this week, but strong demand from local traders cushioned the market.