Việt Nam News

The Ministry of Industry and Trade is drafting a decree to remove bottlenecks for domestic rice exporters, especially small-and medium-sized enterprises (SMEs).

Shares advanced for a second day on the two national stock exchanges yesterday as investors increased their bets on bank stocks, given the positive outlook seen for the industry.

National carrier Vietnam Airlines plans to issue more than 191 million shares to current shareholders to fund the purchase of new airplanes and other business activities.

Feasibility, ease of implementation and transparency in information are factors that will prove decisive in attracting investment for agriculture projects, stakeholders agreed at a conference held on Monday.

Prime Minister Nguyễn Xuân Phúc has urged the Việt Nam National Textile and Garment Group (Vinatex) to undertake comprehensive reform to develop its production and business. The message was conveyed yesterday to Vinatex by a working group led by Government Office Chirman Mai Tiến Dũng.

PetroVietnam Power Corporation (PV Power) is preparing to implement the construction of nine gas-fired power plants with total output of 5,250 MW, PV Power general director Nguyễn Xuân Hòa said.

Việt Nam-based investment fund Indochina Capital will invest in the Toong co-working space and become a major shareholder of the collective workspace operator, the two sides said in a joint statement on Monday.

The insurance sector reported growth of 19 per cent in premium income in the first five months of this year, topping VNĐ38.7 trillion (US$1.7 billion), the Insurance Association of Việt Nam (IAV) said.

HCM City’s industrial production index experienced a year-on-year increase of 7.5 per cent in the first half of this year, the highest level recorded in the past five years.

The Vietnam Business Development Forum 2017 will be held on June 22 by the Economy and Forecast Review, run by the Ministry of Planning and Investment.

The maximum insurance payable to a depositor for all deposits in an insured organisation will be raised to VNĐ75 million (US$3,289) from VNĐ50 million with effect from August 5.

The Việt Nam Technological and Commercial Joint Stock Bank (Techcombank) has proposed that its shareholders approve a share buyback plan that will take place in 2017.

Online retail is expected to continue increasing, as domestic and foreign retail companies are planning to invest heavily in this field.

With double-digit growth annually, Việt Nam has a promising cosmetics industry for foreign firms seeking to expand overseas, experts have said.

Lục Ngạn District in the northern province of Bắc Giang see a rich harvest of lychee this year, with its growers happier than in previous seasons because lychee prices have reached highest level ever.

The Coal Mineral Industries Group (Vinacomin) must cut costs to become competitive and find buyers for its stockpile of 9.3 million tonnes of coal, the Prime Minister’s working group said.

Shares ended Monday on a positive note as banks reacted to information that the new bad debt settlement resolution will likely be approved by the National Assembly this week.

Australia has lifted the ban it imposed in January on uncooked Vietnamese shrimp products. Vietnamese companies may resume importing raw prawns caught in Australia for processing and export them to Australia for consumption.