Dragon Capital, VinaCapital buy FPT Retail stakes

Information and communication technology group FPT Corporation has sold six million shares or 30 per cent of its stake in FPT Digital Retail JSC to funds managed by and associated with Dragon Capital and VinaCapital.

Mixed response to MoIT circular on milk prices

A new circular issued by the Ministry of Industry and Trade (MoIT), allowing traders and importers to self-determine the retail prices for milk products for children under 6 years old, officially take effect on August 10, raising concerns among government officials, experts as well as businesses.

Radical proposals for special zones

The abolition of people’s councils, permitting casinos to be set up and allowing foreign investors to lease land for 99 years are among the main provisions of a proposed new law to govern the three special administrative-economic zones in Việt Nam.

 

Kids urged to prepare for Industry 4.0

To ultilise the advantages of the fourth industrial revolution, citizens must quickly be equipped with knowledge, said Trần Văn Tùng, Deputy Minister of Science and Technology.

Electricity output rises 7.3%

The power output in the first seven months of the year reached 112.6 billion kWh, posting 7.3 per cent year-on-year rise, said the Electricity of Việt Nam (EVN).

Banks ask for higher credit growth limit

Many commercial banks have asked the State Bank of Việt Nam (SBV) to expand the credit growth limit as they have almost used up the assigned quota for the whole year.

Sawaco borrows $160m for project

Vietcombank and the HCM City Finance and Investment Company have agreed to lend VNĐ3.65 trillion (US$160.36 million) to the Saigon Water Corporation (Sawaco) to finance a major water supply system.

Aquaculture show set for October

The country’s premier international aquaculture industry show, Aquaculture Vit Nam 2017, will take place in the Cửu Long (Mekong) Delta Province of Cần Thơ in late October with an expected 4,000 visitors.

PM urges focus on logistics sector

Prime Minister Nguyễn Xuân Phúc has asked the Ministry of Industry and Trade to co-operate with relevant agencies in the resolution of issues related to the logistics sector.

Deputy PM launches VN derivatives market

Deputy Prime Minister Vương Đình Huệ pressed the button to launch the derivatives market on Thursday, marking an important milestone in the development of Việt Nam’s securities market.

Strong MA role seen in infrastructure development

Increased merger and acquisition (M&A) activities can spur infrastructure development in Viet Nam, a current growth imperative, Planning and Investment Minister Nguyễn Chí Dũng said yesterday.

Stocks fall slightly, confidence improves

Vietnamese shares extended losses for a third straight session on Thursday but investor confidence showed signs of improvement after being brought down by false news and global tension.

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