VN firms abroad urged to make local partners

Việt Nam’s enterprises in foreign countries, especially Russia, should develop close business cooperation with enterprises in Việt Nam to take full advantages in doing business from free trade agreements signed between Việt Nam and foreign partners.

Stocks rebound after tough week

Vietnamese shares yesterday bounced back from a gloomy trading week, driven by better investor confidence in blue chips following the re-allocation of ETFs’ investment portfolios and the energy sector was boosted by higher oil prices.

Rice exports to decline sharply this year

Việt Nam hopes to export 1.6 million tonnes rice in the four remaining months of the year, raising exports for the year to 4.9 million tonnes, according to the Việt Nam Food Association.

Stock losses seen over possible US rate hike

Vietnamese shares may remain volatile this week as investors shift focus to the US central bank’s meeting, worrying about a US interest rate increase which could extend net foreign selling of local stocks.

Lý Sơn Island brand gets approval

The National Office of Intellectual Property of Việt Nam under the Ministry of Science and Technology has recognised the brand ownership for the products of Lý Sơn Island including garlic, onion, seafood, garlic wine, dried seafood and seaweed.

Aussies open door to VN mango

Australia has given the green light for Vietnamese fresh mango to be imported into the country after nine years of negotiations, making it the second Vietnamese fruit, after litchi, to be presenting in the demanding market.

Banking investment, no longer one-way flow

Recently the State Bank of Việt Nam (SBV) issued a licence to Malasyia’s second largest lender, CIMB Bank Berhad, to establish a bank in Việt Nam with a registered capital of over VNĐ3.2 trillion (nearly US$144 million).

Central bank refuses cheap loans for builders

The deadline for social housing developers who signed borrowing contracts before March 31, 2016 to get cheap loans from the VNĐ30 trillion stimulus package will not be extended to December 31 this year as they wished. However, capital disbursement for low-income buyers still continues.

Hanoians snapping up Đà Nẵng property

Surveys by real estate services provider Savills Việt Nam have shown that more than 80 per cent of purchases as a second home in central Đà Nẵng City are from Hà Nội.

Calls for new property investment law

Real estate associations have proposed amending the Law on Land and the Law on Trading Real Estate to create favourable conditions for investors in property investment.

Packaging firms prepare for exhibition

More than 100 executives from Vietnamese packaging businesses took part in a seminar in HCM City yesterday meant to introduce the 2017 Interpack Fair and Exhibition to be held in Germany.

Worldstar launches website

Real estate company Worldstar Land launched a new online platform for property brokers, nghemoigioi.vn, on Thursday.

CII to raise foreign ownership limit

HCM City Infrastructure Investment JSC (CII) has removed the property development unit from the company's portfolio to raise the limit of foreign ownership to 70 per cent.

VietJet plans IPO in VN first, then abroad

VietJet Aviation Joint Stock Company plans an initial public offering (IPO) in Việt Nam before going overseas, the airline managing director Lưu Đức Khánh told Việt Nam News yesterday.

Common market index council founded

The HCM Stock Exchange (HOSE) and the Hà Nội Stock Exchange (HNX) have founded the Việt Nam Securities Market Index Council and issued a regulation on the Commission’s operation and missions.

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