Việt Nam News

Việt Nam needs to focus on developing the wind power industry and implementing transparent policies on granting investment licences to wind power projects.

Shares closed higher on Thursday on the HCM Stock Exchange (HOSE) as blue chips gained ground, but liquidity continued to remain low.

Sales of land plots have decreased significantly in HCM City in the last 10 days in districts 2, 9 and Thủ Đức, where so-called land fever had broken out over the last few months. 

The Ministry of Finance will streamline regulations on Government bonds (G-bonds) issuance and simplify procedures for granting transaction codes to attract foreign investments in the country’s G-bond market, officials said.

Trade facilitation, partnerships and capacity-building activities are needed for Micro, Small and Medium Enterprises (MSMEs) in APEC-member economies so they can take advantage of Free Trade Agreements (FTAs), speakers said at a workshop held on June 7 in HCM City.

Credit growth in the first five months of this year reached 5.8 per cent, Deputy Prime Minister Vương Đình Huệ said.

Outside Looking In

Transport infrastructure in the Mekong Delta has recently seen huge investments, but the region still faces many connectivity challenges as many of the works have stalled or been delayed.

More than 200 Vietnamese and foreign cosmetics firms will showcase their new technologies and innovations at the 2^nd Mekong Beauty Show in HCM City from June 14 to 16.

Fitch Ratings on Wednesday assigned Electricity of Vietnam (EVN) a long-term foreign-currency issuer default rating (IDR) of 'BB' with a stable outlook.

Bình Dương Production and Trading Goods Corporation (Protrade) will make the second share sale prior to its first shareholders’ meeting expected in July, the company announced.

Viettel Media launched the online movie website, Keeng Movies, in HCM City on Wednesday, and expects to earn US$50 million from the new venture by 2020.

Việt Nam Bank for Industry and Trade (VietinBank) plans to issue 400,000 bonds worth VNĐ10 million each to raise its capital by VNĐ4 trillion (US$174.7 million).

The World Transportation Services Joint Stock Company (WorldTrans) on Wednesday launched a direct air route between the Vietnamese city of Cần Thơ City and Bangkok, Thailand’s capital city.

Vietnam ICT COMM, an international telecom, IT and communications exhibition, BROADCASTEX, an international broadcasting exhibition, and ELECTRONICS, an International exhibition on electronic products, opened in HCM City on June 7.

The southern province of Bình Dương earned more than US$9.2 billion from outbound shipments in the first five months of 2018.

The chairman of agricultural firm Hoàng Anh Gia Lai Joint Stock Company (HAG), has made another attempt to buy shares of the company after its share value plummeted.

Việt Nam’s gross domestic product (GDP) is expected to grow 6.6 per cent in 2018, down slightly from 6.8 per cent last year.