Việt Nam News

Singapore’s sovereign wealth fund GIC is set to acquire a 7.73 per cent stake on a fully enlarged basis in Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank), Vietcombank announced yesterday.

The State Bank of Việt Nam has directed its supervisors and credit institutions to enhance control on lending to borrowers with large outstanding loans.

Shares retreated from a five-month high seen in the morning as investors increased selling due to caution ahead of portfolio restructuring of large exchange-traded funds

The State will exempt export tariff for environmental-friendly products while the export tariff on some other products will be reduced by half, according to the Circular 128/2016/TT-BTC.

On July 20 New York Dessert Coffee bid goodbye to Vietnamese customers via Facebook and promised to "come back someday."

The nation’s agro-forestry-fishery exports experienced a year-on-year rise of 5.6 per cent to nearly US$21 billion in the first eight months of this year.

Tax authorities have been told to collect tax debts of enterprises totalling VNĐ23.5 trillion (over US$1 billion), or an 18.8 per cent year-on-year increase, by the end of July , the General Department of Taxation (GDT) reported. 

Mobile phone apps to help students study and people find houses for rent were among many innovative business ideas, products and services presented and discussed on Start-up Day 2016 last Saturday.

Vietnamese shares may extend their earlier gains this week as investor confidence in large-cap stocks has been bolstered and crude price gains may bring short-term benefits to listed oil firms.

A number of agreements on investment projects in wind power, breeding and high-end resort construction, with a total capital of nearly VNĐ9.5 trillion (US$431.8 million) were signed in the south central Ninh Thuận Province on Saturday.

The industry and trade ministry is drafting an action plan for lowering logistics costs to touch 18 per cent of the country’s gross domestic product (GDP) by 2020.

TienPhong Bank (TPBank) announced yesterday in Hà Nội that the International Finance Corporation (IFC) was its new shareholder after making a quasi-equity investment of VND403.1 billion (US$18.35 million) in dividend preferred shares.

The State treasury of Việt Nam offloaded more than 92 per cent of the bonds planned for the year as of August 24, according to the Hà Nội Stock Exchange.

Hà Nội is among 20 most attractive cities globally in software production, and is striving to stand in top 10, an official has revealed.

Local businesses have not been active in preventing and fighting against counterfeit goods due to a lack of trust in management agencies effectively resolving the issue.

Vietnamese shares ended up on Friday, driven by Vietcombank and consumer goods producer Masan Group after those two firms announced plans that would benefit shareholders.

The Việt Nam Online Marketing Forum 2016 was opened by the Việt Nam E-commerce Association (VECOM) in Hà Nội on August 26.

Many international technology corporations are offering to review businesses’ network security after Vietnam Airlines was hacked recently.