Vietjet records high profit growth in 2016

The low-cost carrier Vietjet recorded revenue of more than VNĐ27.49 trillion (US$1.21 billion) in 2016, up 39 per cent year-on-year, according to its audited financial results released on Monday.

Việt Nam’s pepper products to be traded on VNX

The Ministry of Industry and Trade (MoIT) has added pepper to the list of commodities traded on the Việt Nam Commodity Exchange (VNX), according to the ministry’s Decision 1071/QĐ-BCT issued last Wednesday.

PetroVietnam surpasses business targets in Q1

The Việt Nam National Oil and Gas Group (PetroVietnam) surpassed its business targets by 4 to 16 per cent in the first three months of the year, especially in oil exploitation.

Diesels must meet Euro 4 standard

New diesel vehicles are required to follow Euro 4 emission standards before December 31 this year, according to the Ministry of Transport (MoT).

Creditors adjust growth forecasts

Despite expectations of stable interest rate levels this year, credit institutions have made adjustments in their forecast for capital mobilisation and credit growth in the second quarter and the year.

VN apparel firms avoid stock market for now

Although Vietnamese apparel company movement toward the stock market is an inevitable trend in a market economy, only 30 businesses of the sector’s total of 6,000 have listed so far.

 

New draft law sets minimum air ticket price

Passengers would lose their chance to seek budget aviation ticket if the Ministry of Transport’s draft about ticket framework for domestic flights, which is collecting ideas contribution, comes into effect.

Stock volatility expected this week

Shares are expected to decline further this week as investors seek profits from a 10-year high, but the decline will not be heavy as foreign investments and first-quarter performances will boost investor confidence in listed companies.

Transfer centre to be built in City hi-tech park

The Management Board of the HCM City-based Saigon Hi-tech Park (SHTP) on Wednesday awarded an investment licence to the Tây Sài Gòn (Western Sài Gòn) Vocational College to construct a US$25 million technology transfer centre in the city.

Petrol pump seals increase tax collection

Petrol pumps in all stations nationwide will carry stamped seals by the end of this month as a measure to prevent tax losses and limit fraud, the General Department of Taxation announced yesterday.

HCM City to tax social media commerce

The HCM City Taxation Department has announced it will submit a plan for tax collection from online businesses to the City People’s Committee in early April and enact the plan in the same month.

VN startup outlook continues to shine

Despite a drop in total dealflow, 2016 was a vibrant investment year for Vietnamese startups, according to a recent Topica Founder Institute (TFI) report.

Shares drop off after 10-year high

Shares declined unexpectedly yesterday on the two exchanges, beating analyst forecasts of a continued rise after the VN-Index surpassed the previous ten-year high.

City offers soft loans to manufacturing firms

The HCM City People’s Committee plans to offer low-interest loans of no more than VNĐ200 billion (US$8.8 million) with a maximum seven-year term to enterprises operating in the manufacturing or support industry.

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