Việt Nam News

Việt Nam must reach crude oil stock levels that are equal to no less than 90 days of net imports following International Energy Agency (IEA)’s criteria by the year 2020.

The total premium collected by insurance companies in Việt Nam in the first half of 2017 has grown 21 per cent year-on-year to VNĐ47.17 trillion (US$1.8 billion).

The Construction Corporation No 1 Joint Stock Company (CC1) will float 110 million shares on the Unlisted Public Company Market (UPCoM) on July 20.

HCM City’s Department of Industry and Trade (DoIT) will focus on solving difficulties for enterprises, speeding up the process of implementing approved projects, especially those of the four key industries under the city's stimulus package until the end of this year, said Nguyễn Phương Đông, DoIT’s deputy director last week.

A delegation of executives from 17 energy start-ups nurtured by the Korea Electric Power Corporation (Kepco) met with their Vietnamese counterparts in HCM City yesterday (July 17) to explore business opportunities.

Việt Nam’s shrimp exports in the first half of this year rose 15.7 per cent year-on-year to US$1.56 billion, thanks to declining supply sources from shrimp exporting countries.

Lê Minh Hưng, Governor of the State Bank of Việt Nam (SBV)  submitted a request to the Ministry of Justice (MoJ) and the Ministry of Public Security (MPS) last week, asking for clarification regarding the use of automobiles as banking collateral and the legal rights of credit institutions and borrowers.

Domestic trade is expected to continue rising this year, experts have forecast. 

Shares declined further on Monday’s afternoon trade as most large-cap stocks slipped on rising investor caution about a steeper downward correction.

Tata Power Ltd, an affiliate of the Tata Group, is one of the leading businesses in India in the power sector.

As many as 8,200 construction enterprises were established in the first six months of this year, according to statistics of the Ministry of Construction (MoC).

Military-run telecom group Viettel has recorded a pre-tax profit of VNĐ1 trillion (US$41.2 million) from its overseas investments in the first half of 2017, a 156 per cent year-on-year increase.

Vietjet Aviation Joint Stock Company will pay 2017’s first-phrase dividend at the rate of 20 per cent in cash, following its management board’s resolution.

Finally, on July 11 the State Bank of Việt Nam decided to fulfill the business community’s expectations, cutting interest rates by 0.25 to 0.5 percentage points, the first such cuts since 2014.

Recruitment demand is expected to rise for the rest of the year as companies plan to expand their production, labour market reports have revealed.

The supply of E5 bio-fuel is enough to meet the local demand and can fully replace RON 92 petrol beginning next year, the Ministry of Industry and Trade (MoIT) said.

The State will divest its capital in the Sài Gòn Beer, Alcohol and Beverage Corporation (Sabeco) and the Hà Nội Beer Alcohol and Beverage Joint Stock Corporation (Habeco) through open tenders.

The State Bank of Vietnam (SBV) is collecting feedback on a draft circular that will, among other things, allow non-residents legally present in Việt Nam to make term deposits in both Vietnamese Đồng and foreign currencies.