Việt Nam News

Việt Nam Construction and Import-Export JSC (Vinaconex) has announced a series of divestures from five subsidiaries by year-end.

Sài Gòn Thương Tín Real Estate JSC, better known as Sacomreal (SCR), plans to hike its charter capital by 30 per cent to VNĐ3.17 trillion (US$139 million) from the current VNĐ2.44 trillion through an additional issue of about 73 million shares.

Though on its way to achieving all major economic goals, Việt Nam has its work cut out in maintaining an upward productivity growth lest it falls into the middle income trap and trails behind regional partners.

Shares on both local exchanges declined on Wednesday with investors cautious about market volatility.

The Asian Development Bank (ADB) revised Việt Nam's growth prospect upward to 6.7 per cent in both 2017 and 2018 compared with earlier forecasts of 6.3 and 6.5 per cent, respectively.

The Việt Nam Real Estate Association (VNREA) on Tuesday launched the first-ever Việt Nam Property Awards for 2017-18.

The European Trade Policy and Investment Support Project (EU-MUTRAP) has helped Việt Nam further integrate into the global and regional trading systems while promoting Việt Nam-EU trade and investment relations.

ANZ Vietnam has urged individual customers to consider making early cash withdrawals, payments and transfers prior to December 18 when the transfer of its retail business to Shinhan Bank Vietnam is completed.

The General Department of Customs (GDC) on Tuesday signed a co-operation agreement with six commercial banks to implement a 24/7 e-tax payment scheme.

Over the past two years, the capital city has focused on attracting foreign and domestic investment into its tourism industry.

The International Finance Corporation (IFC) and the Netherlands Development Finance Company (FMO) on December 13 launched an online course on Related Party Transactions Governance for Vietnamese commercial banks.

Việt Nam has made significant progress in aligning its policies on foreign arbitral awards with international standards, but it needs to foster enforcement capacity to enhance trust and confidence of foreign businesses.

E-commerce website and must be registered or notified to the Ministry of Industry and Trade (MoIT).

GE Healthcare, the $18 billion healthcare arm of General Electric (GE), has just signed a comprehensive strategic partnership agreement with Vinmec Healthcare System (under Vingroup).

Prime Minister Nguyễn Xuân Phúc pledged the Government would continue to improve the business climate for the private sector to thrive, stressing their critical role in  national growth.

Shares performed well on the HCM Stock Exchange on Tuesday on the efforts of energy and beverage stocks following news about the State’s divestment from largest brewer Sabeco and a jump in oil prices.

The Ministry of Industry and Trade on December 11 announced that an investor has registered to hold at least 25 per cent of the Saigon Beer, Alcohol and Beverage Corporation (Sabeco), of which the Government is going to sell stake equal to nearly US$5 billion.

Against global recession and financial crisis, Việt Nam’s retail industry has cemented its position in the economy as an effective bridge between producers and consumers, actively orienting buyers towards domestic products.