Việt Nam News

The private sector would be a crucial factor in national economic development, namely foreign direct investment (FDI) companies, said Prime Minister Nguyễn Xuân Phúc in his speech at the 2016 Annual Vietnam Business Forum held yesterday in Hà Nội.

Shares continued last week’s decline yesterday on the two national stock exchanges as traders continued to sell riskier assets on fears of a further decline on the back of untamed selling by foreign traders.

The domestic retail price of petroleum increased by VNĐ304 to reach VNĐ16,675 (74 US cents) per litre as of 7pm yesterday, the Ministry of Industry and Trade (MoIT) said.The price of E5 RON 92 biofuel also rose by VNĐ301 to VNĐ16,522 per litre. The prices of diesel and kerosene went up by VNĐ163 and VNĐ244 to VNĐ12,672 and VNĐ11,290 per litre, respectively. The price of mazut was VNĐ9,962 per kg, an increase of VNĐ275.

South Korea-based Nonghyup Bank has officially opened a branch in Hà Nội after receiving an official license from the State Bank of Việt Nam.

The Việt Nam Commercial Bank of Industry and Trade (VietinBank) has asked its shareholders for their views on the 2015 dividend payout by cash.

The country has equitised 52 State-owned enterprises (SOEs) in the past 11 months, the Steering Board for SOEs Renovation and Development said.

The total sales of 30 large companies on Online Friday 2016, falling on December 2, reached VNĐ664 billion ($28 million), triple the sales compared to last year’s event. Some companies reported sales that were 10 times higher than last year.

One of the most important purposes of the equitisation of State-owned enterprises is to improve their management, and thus their performance.

Việt Nam has climbed up 14 ranks to number 73 in the Global Enabling Trade Index according to the latest World Economic Forum (WEF) report.

Foreign traders have extended their net selling streak to three consecutive weeks, yet this selling showed no sign of ending, which could derail the market this week.

The State Bank of Việt Nam (SBV) on Friday announced its key orientation of monetary policy management and banking operations in 2017.

Prime Minister Nguyễn Xuân Phúc has underscored the need to create an equal and transparent climate in order to facilitate the operation of small-and medium-sized enterprises (SMEs). 

Ten leading Thai exhibition organisers came to Hà Nội yesterday for a business-to-business forum to meet Vietnamese enterprises, trade promotion organisations and associations yesteday.

A new trend is developing in technology product sales, with retailers themselves also playing the role of distributors, a conference heard in HCM City on Tuesday.

Network attacks in Việt Nam have become more sophisticated with rises in scale, number and quality, especially those targeting big businesses, said Nguyễn Thành Hưng, deputy minister of Information and Communication.

Fourteen executives were conferred the coveted ASEAN CIO/CSO Awards in HCM City on Thursday, all of them Vietnamese.

Export revenue of Vietnamese tuna to the European Union (EU) in October almost doubled compared to the same period last year, hitting US$14 million, according to the Việt Nam Association of Seafood Producers and Exporters (Vasep).

Shares edged down yesterday on the two exchanges as energy lost steam despite positive prospects of the oil industry after the agreement on production cut.