Việt Nam News

Commercial Bank for Foreign Trade of Vietnam (Vietcombank) is planning to sell more than 350 million shares, or a 10 per cent stake, to foreign investors in the first half of 2018.

Automobile imports in Việt Nam plummeted in the first month of 2018, also the time before Tết (Lunar New Year) holiday.

Vietnam Oil and Gas Group (Petro Vietnam or PVN) plans to reduce its ownership of Petro Vietnam Gas Joint Stock Company (PV Gas) from the current 97 per cent to 65 per cent.

Logistics firm Gemadept Corporation plans to make an 80 per cent dividend payout rate, equal to VNĐ8,000 (35 US cents) per share, if its plan gets approved by the HCM Stock Exchange on Monday.

Bình Sơn Refining and Petrochemical Company (BSR) will trade shares on the Unlisted Public Company Market (UPCoM) with code BSR on March 1.

The State Capital Investment Corporation (SCIC) plans to sell nearly 30 per cent of its stake in Bình Minh Plastic JSC or 24.1 million shares on March 9 on the HCM Stock Exchange.

Vietnamese stocks are expected to rise further with the benchmark VN-Index forecast to surpass its all-time peak of 1,170 in 2007 on rising investor confidence in the market outlook, analysts say.

Gold products were sold out at a number of stores amid a sharp increase in customers compared to previous days during the God of Wealth Day on February 25.

Export turnover of agro-forestry-aquatic products in February this year was estimated at US$2.6 billion, raising the total value in the first two months of 2018 to $6.1 billion, up 30.2 per cent against the same period last year.

Thành Thành Công Biên Hòa Sugar JSC (TTCS) announced post-tax profits for the first half of the fiscal year 2017-18 of VNĐ260 billion (US$11.5 million), a yearly increase of 49.4 per cent.

State Bank of Việt Nam (SBV) has asked credit institutions to limit their lending to the real estate and construction sectors to better control bad debts.

Trade between Việt Nam and Ukraine was valued at US$35.5 million last month, an increase of 22.2 per cent year-on-year, according to the General Department of Customs.

The Government and the State Securities Commission plan to carry out some key measures to develop the stock market in a rapid and effective but safe manner, Minister of Finance Đinh Tiến Dũng has said.

The Ministry of Finance has proposed raising environmental protection taxes on oil and petroleum products from the current VNĐ3,000 (13 US cents) to the ceiling level of VNĐ4,000 (17 cents) per litre beginning July 1^st 2018.

Australia will cut 90 per cent of import tariff lines in 2018 and 100 per cent of them in 2020 under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) roadmap, said the Ministry of Industry and Trade (MoIT).

Analysts expect the real estate market, especially the residential land segment, to continue to grow solidly this year thanks to huge infrastructure works in many places around the country accompanies by a raft of property developments.

The government has issued a resolution to adjust the land use planning of northern Quảng Ninh province until 2020.

The People’s Committee of southern Bà Rịa –Vũng Tàu province on Friday licensed eight new investment projects worth over VNĐ8.3 trillion (US$364 million).