Việt Nam News

The special State capital management committee, which was formed by the Government in early February, may take charge of supervising VNĐ5 quadrillion (US$222.2 billion) worth of State capital in 21 State-owned enterprises.

Nguyễn Chiến Thắng, director of HCM City-based wood products maker Scansia Pacific, said his company has export orders for the whole year, which are 25 per cent up from 2017.

The Vietnam Association of Seafood Exporters and Producers (VASEP) will furthern help Việt Nam overcome the European Commission’s illegal, unreported and unregulated fishing (IUU) yellow card on Vietnamese fisheries.

Japan’s Juroku Bank Ltd will open a representative office in Hà Nội next month after getting a licence from State Bank of Việt Nam (SBV) in early February.

Estate developer FLC Group will increase its property product supply by 30 per cent this year, said Trịnh Văn Quyết, FLC’s chairman.

Some US$130.29 million in foreign direct investment (FDI) have been poured into new and existing projects in the northern province of Bắc Ninh since the beginning of this year.

“This private equity investment is consistent with our strategy of focusing on companies operating in the sectors of the economy benefitting from strong domestic growth. Vietnamese food and beverage companies in particular have tremendous growth opportunities ahead of them as consumers spend more on high-quality and healthy products,” said Andy Ho, managing director of VOF.

Nghi Sơn Refinery and Petrochemical Limited Liability Company on Wednesday received the Ready For Start Up (RFSU) certificate for its Nghi Sơn Refinery and Petrochemical Complex Project (NSRP project).

The Ministry of Industry and Trade (MoIT) has requested the United States to carefully consider alternative means to restrict the import of steel and aluminum products from Việt Nam.

The rate of the US dollar continued to soar at local commercial banks while gold prices fall sharply on Wednesday.

The Government would not use public funds to rescue 12 loss-making projects under the jurisdiction of the Ministry of Industry and Trade (MoIT), Deputy Prime Minister Vương Đình Huệ said.

Canada’s MHEnviron Group, Việt Nam’s Minh Hưng Group and the US-based Avure Technologies signed on February 27 a memorandum of understanding to build a HPP (high pressure processing) technology food manufacturing and processing plant in Việt Nam.

FDI flows into real estate have been very high so far this year, and a new record is expected to be set this year.

The Hà Nội People’s Committee recently issued a plan to develop non-cash payments, urging all supermarkets and restaurants to put in place cashless payment devices or systems by 2020.

Three State-owned enterprises (SOEs) will make initial public offerings (IPOs) in March, floating VNĐ2.5 trillion (US$110 million) worth of stakes in the market in the second wave of SOEs IPOs in 2018.

A gap has opened up between deposit interest rates offered by different categories of banks due to differences in their liquidity, cash demand and status, according to analysts.

The rapid exhaustion of its main oil discoveries is putting the Việt Nam National Oil and Gas Group, better known as PetroVietnam, under the great pressure to attain its oil exploration and production target set for 2018.

A huge purchase of banking shares in the final minutes of Tuesday’s session on the local stock exchanges drove shares up, after a brief fall at the beginning of the session.