Việt Nam News

 The State Capital Investment Corporation (SCIC) has selected consultants to advise on the sale of a 9 per cent stake in dairy firm Vinamilk, the government’s investment arm announced on Friday.

Eleven batches of Việt Nam’s seafood products exported to the European Union (EU) between January and September this year had heavy metal residues over permissible limit, the EU has warned.

Viet Nam leads the weekly trend of accessing online video, with 92 per cent of respondents saying that they accessed online video on a weekly basis, Nielsen reported.

The Vietfood and Beverage-ProPack international exhibition will take place at the Hà Nội International Exhibition Center at 91 Trần Hưng Đạo street on November 9 through 12. It is the first time the exhibition will come to Hà Nội.

Việt Nam earned US$1.2 billion from the export of nearly 145,500 tonnes of pepper in the first nine months of the year, a year-on-year increase of 31.5 per cent in volume and 13.1 per cent in value.

Local shares are forecast to continue their uptrend this week, as investors bet on the prospects of third-quarter earnings.

The groundbreaking ceremony for Asia’s largest, and the world’s fifth largest, exhibition and fair complex was held in Hà Nội last Saturday.

The local fisheries industry has still faced many challenges by this year end to reach its export value target at US$7 billion, according to experts.

Economists and experts warn that Việt Nam should restructure its farming industry, making it less rice-oriented and focusing more on producing breeding materials in order to reduce its over-dependence to imported animal feed.

Since India has strength in textile technology and Việt Nam is dependent on feedstock for its textile industry from many countries, they could mutually benefit by co-operation, according to the Việt Nam Chamber of Commerce and Industry.

The state-owned Sài Gòn Jewellery Joint Stock Company (SJC) announced a drop of VNĐ80,000 (US$3.58) per tael (1.2 ounces) in gold price yesterday. While the international rates for the yellow metal rose by $3 per ounce.

Shares declined yesterday on the two national stock exchanges following a three-day winning streak as traders increased selling of large-cap stocks to earn short margin profits.

Vietnamese securities firms will see opportunities as collaboration between ASEAN exchanges brings more capital to Việt Nam’s stock market and makes firms improve their competency to satisfy international standards, stock regulators said yesterday at a meeting.

A proposal to allow Electricity of Việt Nam (EVN) to set retail prices has been criticised for granting excessive power to the national utility as well as the Ministry of Industry and Trade (MoIT).

Long An Province will solicit investment in residential areas, transport and industrial infrastructure and hi-tech agriculture, according to its Department of Planning and Investment.

Doosan (Korea) has sold the Heat Recovery Steam Generator (HRSG) business unit of Doosan Engineering &Construction to General Electric and it will become a part of GE Power Systems Korea.

Problems in rural electricity supply and trade promotion centres were discussed at an industry and trade sector conference held on Thursday in the northern province of Ninh Bình.

The quality of Việt Nam’s 3G network service is not low, as was written in recent reports published by global mobile application providers, who evaluate the speed of internet networks and mobile internet throughout the world.