Việt Nam News

PetroVietnam Exploration and Production Corporation (PVEP) has estimated after-tax profit of VNĐ3.5 trillion (US$154.1 million) in 2017.

Việt Nam’s pharmaceutical market is estimated to record revenue of US$5.2 billion in 2017, a 10 per cent increase from last year. The market is set for double digit growth within the next five years, according to Việt Nam Report Company (VNR).

The Vân Phong petroleum bonded warehouse in Khánh Hòa Province expects to not have accumulated losses, returning to normal business in 2018, according to an official of the National Petroleum Group (Petrolimex).

Vietnam Airlines plans to reduce State ownership to 51 per cent of the charter capital in the next three years.

Proceeds from the sale of State capital at Sài Gòn Beer-Alcohol-Beverage Corporation (Sabeco) and other State-owned enterprises will be used for the right purposes as approved by the National Assembly.

The demand for ornamental fish in the country is large but fish breeders in HCM City have not fully exploited this market because of their small scale of production.

The insurance market has maintained a high growth rate of 21.2 per cent in 2017, gaining revenue of VNĐ105.61 trillion (US$ 4.65 billion), a senior finance ministry official has said.

Farmers in the Mekong (Cửu Long) Delta are busy with their flowers and other agricultural products in preparation for the Tết (Lunar New Year) holiday, which falls on February 16.

After four months of development, the municipal Department of Information and Communications on Monday officially launched the Hà Nội business information portal with two domain names — http://hanoibusiness.vn and http//hanoibusiness.com.vn.

The Central Highlands provinces have attracted 235 investment projects from domestic investors with total registered capital of nearly VNĐ103.36 trillion (US$4.53 billion) so far this year, up nearly 203 per cent against 2016 and nine foreign direct investment (FDI) projects with a total capital of nearly $110 million.

Vietnamese shares advanced on strong investor interest in large-cap stocks but declining liquidity signaled further volatility during the last week of the year.

The Cửu Long (Mekong) Delta city of Trà Vinh is restructuring its agricultural sector in an effort to increase farmers’ income, especially southern Khmer farmers.

Days away from the official implementation of Decree 116 regarding Việt Nam’s automobile import and assembly sector, the market is divided with firms swearing by opposite outcomes of these requirements.

Việt Nam needs to develop a supply chain for clean and safe farm produce, an important step to increase sales, prevent price slumps and promote safe agricultural production, experts say.

As Ninh Thuận Province is striving to become a national centre of renewable energy, local authorities, scientific and economic experts are optimistic about the province’s solar power plants and wind farms’ positive impact on socioeconomic progres

Some 15 VinMart+ convenience stores were simultaneously inaugurated in the southern coastal city of Vũng Tàu on December 24.

Việt Nam’s Politburo has appointed Trần Sỹ Thanh as the new chairman of Việt Nam National Oil and Gas Group (PetroVietnam) and Deputy Chairman of the Central Party Committee’s Economic Commission, starting December 24.

Bình Sơn Refining and Petrochemical Co Ltd (BSR), operator of Dung Quất Refinery, has targeted total revenue of nearly VNĐ78.4 trillion (US$3.44 billion), State budget contribution of some VNĐ8.33 trillion and profit-after-tax of more than VNĐ3.47 trillion in 2018.