Việt Nam News

The Government has issued the organisation and operation charter of the Việt Nam Chemical National Group (Vinachem).

As many as 26,037 cars were sold in January, marking a year-on-year increase of 28 per cent, reports the Vietnam Automobile Manufacturers’ Association (VAMA).

Last year saw a lot of merger and acquisition (M&A) activities in the Vietnamese property sector, with transactions totalling US$1.5 billion and the participation of many major foreign players.

The Vietnam Railway Corporation (VNR) hopes to raise at least VNĐ139 billion (US$6.2 million) in 2018 from selling its ownership in 15 subsidiary and affiliate companies.

Shares are expected to move modestly in the coming two trading sessions as investors settle trading before the Tet (Lunar New Year) holiday, while concerns remain following recent turbulence in global markets.

Though Việt Nam remains a big importer of textile feedstock and accessories from China, its rising exports to China is a promising sign, according to the Việt Nam National Textile and Garment Group.

Besides short-haul tours to some Asian countries such as Malaysia, Hong Kong and China, outbound tours to long-haul destinations, such as South Korea, Japan, Australia, the United States and Dubai, are now favoured by many Vietnamese holidaygoers.

In a policy turnaround, the Government has said it is determined to assist food and beverage importers and producers by reducing inspection times, costs and criteria, opting for businesses to make self declarations instead of being constantly watchdogged by officials.

Vietnamese shares recouped part of the week’s losses on Friday as the current massive sell-off across the stock market triggered investors to scoop up stocks at bargain prices.

As demand for cash withdrawals at ATMs doubles or triples around the Vietnamese Tết holiday, banks are recommending customers use electronic payment or scan their cards at POS machines or use quick response (QR) codes instead of withdrawing cash at ATMs.

Trade in paper between Việt Nam and India is quite low and there is significant potential for growth, a meeting between Indian and Vietnamese paper companies heard in HCM City on February 9.

Only 3 per cent of a total of 267 million shares offered in the initial public offering (IPO) of Power Generation Corporation 3 (Genco 3) on Friday were sold successfully, a poor result given the high market expectations before the sale.

For two years, the Hải Phòng Chamber of Commerce, Investment and Tourism has played a key part in making the northern port city one of the most attractive destinations in the country.

Leading mobile phone service providers Viettel and MobiFone have said they are ready to cope with the expected rush during the Lunar New Year.

Many tech firms this year are expected to add up to 10-50 per cent more employees to their IT teams as prospects for the country’s IT industry are bright, according to  recruitment companies.

Vietnam Airlines will start operating direct flights from Taiwan to CầnThơ and vice versa, said Nguyễn Phúc Điền, head of Vietnam Airlines’ branch in CầnThơ, on Thursday.

 The balance of the petrol price stabilisation fund surged to more than VNĐ5.1 trillion (US$ 224 million) at the end of the fourth quarter of 2017, the Ministry of Finance has reported.

Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) and NghiSơn Petrochemical and Refinery LLC (NSRP) on Thursday signed a Memorandum of Understanding (MoU) on converting bank service.