Việt Nam News

The lending interest rate is expected to further expand with the interest rate reducing sharply in the inter-bank, central bank bill and G-bond markets over the past ten days.

Việt Nam will have one more wholly foreign-owned bank if the merger and acquisition (M&A) deal on OceanBank is finalised, a State Bank of Việt Nam (SBV) official said on Thursday.

Việt Nam’s merger and acquisition (M&A) market is seeking a big push as signs of a deceleration have crept up this year.

India, which supplies about 1 per cent of all textile machinery to the Vietnamese textile and garment industry, wants to increase that ratio in the coming years, a business meeting heard in HCM City yesterday.

Shares underwent a downward spiral again on Thursday after a brief recovery on Wednesday on blue chips divergence while money is flowing in companies releasing solid earning results.

The domestic retail price of petroleum increased by VNĐ357 to reach VNĐ16,426 (73 US cents) per litre as of 3pm on Thursday, the Ministry of Industry and Trade (MoIT) said.

The Vietnam Enterprise Investments Limited (VEIL) announced it has been inducted into the FTSE 250 Index under the London Stock Exchange (LSE).

As HCM City’s four key industries continue to lag behind expectations, the city has decided to launch an investment encouragement programme to help enterprises upgrade machinery and expand production.

Prime Minister Nguyễn Xuân Phúc on Wednesday took action so that the National Assembly’s (NA) new resolution on bad debt settlement could be applied from August 15.

Việt Nam’s export revenue to Algeria rose 37 per cent year-on-year to US$190 million in the first half of the year.

Việt Nam has great tourism potential but the country needs appropriate policies to create breakthroughs to develop tourism into a spearhead industry and affirm its position on the global tourism map, experts have said.

Strengthening tax systems has emerged as a key priority in improving the resilience of the national economy and supporting its growth objectives. Việt Nam News reporter Mai Hương interviews Alex Mourmouras, chief of the ASEAN1 division at the IMF’s Asia Pacific Department and the Fund’s Việt Nam mission chief, about tax reforms.

Three central Laos provinces, Savannakhet, Khammouane, and Bolikhamxay, sought investment in many sectors at a conference held in HCM City yesterday ( July 19).

The State Bank of Việt Nam (SBV)’s Governor Lê Minh Hưng on Wednesday gave approval in principle to the Singapore’s United Overseas Bank Limited (UOB) to open a 100-per cent foreign owned bank in Việt Nam.

The Việt Nam National Oil and Gas Group, PetroVietnam, should come up with an optimal plan that balances its exploitation of fossil fuels with the nation’s long term needs, a senior official said on Wednesday.

Some 170 companies from Việt Nam and other countries are showcasing their latest technologies and products at around 300 booths at the 10^th International Exhibition on Electrical Technology and Equipment (Viet Nam ETE 2017) and the 7^th International Exhibition on Products, Technologies of Energy Savings and Green Power (Enertec Expo 2017) in HCM City.

The Ministry of Foreign Affair (MOFA) and the Economic Research Institute for ASEAN and East Asia (ERIA) jointly organised a seminar yesterday, in which the benefit, importance and future of the ASEAN Economic Community (AEC) were commemorated and stressed as a major drive for Việt Nam’s own development.

Biên Hòa Sugar JSC has announced its 300 million shares traded on the HCM Stock Exchange will be delisted to complete the merger with Thành Thành Công Tây Ninh Sugar JSC.