Việt Nam News

Vietcombank expects to invest between VNĐ2 trillion (US$89.5 million) to VNĐ3 trillion in urban bonds issued by HCM City, the bank’s chairman, Nghiêm Xuân Thành, said on August 22.

Việt Nam is likely to intensify scrutiny of income tax paid by foreign workers, a seminar heard in HCM City yesterday.

Indian and Vietnamese gem and jewellery companies, which met yesterday at an event organised by the Indian consulate in HCM City, agreed there is much potential for bilateral co-operation.

BRG Group will become the owner of Century Riverside Hotel Hue, one of the biggest hotels in Huế City, through holding of a 74-per-cent stake in Hue Investment and Tourism Ltd Co after the company’s equitisation.

The Ministry of Industry and Trade (MoIT) said it will abrogate its circular on supplementary procedures for importers of passenger cars with nine seats or less, as soon as the Ministry of Transport issues regulations with similar effect for road vehicles.

Vietnamese shares struggled to rise yesterday on late buying while foreign investors remained net sellers on fears of a US interest rate hike in September.

Eggs, both fresh and processed, such as salted eggs and balut, are no longer required to undergo quarantine as of mid-August if they are sold in the domestic market. Quarantine is still required for eggs being exported.

The northern Quảng Ninh Province will continue to take numerous measures to facilitate local enterprises, Chairman of the provincial People’s Committee Nguyễn Đức Long said at a conference yesterday.

Thuận Phong Agricultural Product Processing Co Ltd yesterday launched a factory to process and freeze fruits and vegetables in Giao Long Commune in Bến Tre Province’s Châu Thành District.

Dozens of Vietnamese firms and Chinese firms met at a seminar yesterday in Hà Nội to seek cooperation opportunities.

Vietnamese tilapia export was anticipated to increase rapidly this year, according to the Việt Nam Association of Seafood Exporters and Processors (Vasep).

Hoàng Anh Gia Lai Joint Stock Co (HAG), one of the largest private enterprises in Việt Nam, reported a record loss of almost VNĐ1.1 trillion (US$49 million) in the first half of 2016.

The Việt Nam Asset Management Company (VAMC) could meet a target to recover VNĐ30 trillion (US$1.339 billion) of bad debts this year, VAMC Deputy General Director Nguyễn Văn Thắng said.

Panama has permitted 17 seafood processing facilities in Việt Nam to export seafood products to the country, according to the Panama Food Safety Authority (AUPSA).

HCM City has opened its first secondhand automobile market where sellers and buyers can meet directly to discuss purchases.

Vietnamese shares yesterday ended down as investors increased selling assets to earn profits after blue chips posted big gains last week.

Core inflation this year could increase slightly to roughly 2 per cent from 1.7 per cent last year, the National Financial Supervisory Commission (NFSC) forecast.

The Cửu Long (Mekong) Delta province of Hậu Giang hopes to attract Japanese investments in all sectors, a provincial leader told a meeting with the Japan External Trade Organisation in the province on Thursday.