Việt Nam News

 Hùng Vương Corporation (HVG), one of the biggest seafood processors in Việt Nam, has reported losses for the last two financial years.

The Vietnamese economy’s bright prospects have created many opportunities for investors in the market. However, the economy is still heavily dependent on credit and the development of this market is still limited.

Vietnam News Agency talks to Vũ Bằng, member of the Prime Minister’s Economic Advisory Group, about how to make Việt Nam’s capital market become more attractive and what opportunities will be identified in 2018.

Positive market sentiments in the condominium industry in 2017 continued into the first quarter of 2018, according to CBRE Việt Nam’s Hà Nội property market report for the first quarter (Q1) of this year, released in Hà Nội on April 3.

The e-commerce market has taken off in Việt Nam thanks to booming internet usage and smartphone ownership, along with massive investments from key retail players.

Following recent criticism of the Vietnam Food Association (VFA), the Ministry of Agriculture and Rural Development (MARD) has reduced the association’s power, with further plans to promote fairness in the rice export field.

Geographic indication (GI) is considered an effective way of protecting and adding value to unique products, and should be used more in Viet Nam, experts have said.

Sợi Thế Kỷ Joint Stock Company (STK) targets a revenue of over VNĐ2.3 trillion (US$101 million), pre-tax profit of VNĐ131 billion and after-tax profit of nearly VNĐ126 billion in 2018.

Bình Sơn Refining and Petrochemical Company (BSR) reported pre-tax profits of VNĐ1.3 trillion (US$57.1 million) in the first quarter of 2018, up 46 per cent compared to the quarterly target.

Vietnam Opportunity Fund (VOF), the flagship fund of VinaCapital, on Tuesday announced it has made a private equity investment worth US$10 million in real estate brokerage firm CenLand.

Việt Nam’s benchmark VN Index advanced on Wednesday but narrowed its growth at the end of the session as profit-taking pressure arose when the index approached the 1,200-point level.

An exhibition of the latest broadcasting equipment and technology will be held in Hà Nội on April 5-7.

The Hà Nội Stock Exchange will hold six auctions in April to sell shares of Kim Liên Tourism JSC, Sông Hồng Energy JSC, Lung Lo 3 Co., Ltd, Vietnam Television Cable Corporation one member Co., Ltd, Vạn Tường Investment Structure one member Co., Ltd and Orient Commercial Joint Stock Bank.

Construction of a wind and solar power project, funded by Japan, began in Quy Nhơn city in the central province of Bình Định on Tuesday.

The Ministry of Industry and Trade (MoIT) on Monday issued the Circular No.04/2018/TT-BCT on not applying import tariffs on salt and poultry egg products originating from ASEAN countries.

Moody’s Investors Service has predicted that Việt Nam’s GDP (gross domestic product) growth will remain robust, averaging 6.7 per cent in 2018.

The Ministry of Transport plans to reduce the State ownership stake in Vietnam Airlines Corporation to 51 per cent of the charter capital in 2019.

The Vân Đồn Economic Zone Authority has asked the People’s Committee of Vân Đồn district and investors to stop commissioning new projects, adjusting project plans and applying for investment.

Itochu, Japan’s second-largest trading company, has spent some five billion yen (US$46.9 million) to buy an additional 10 per cent equity in Việt Nam National Textile and Garment Group (Vinatex).