Việt Nam News

Shares retreated on the HCM Stock Exchange yesterday as large-cap stocks were brought down by late profit taking, signaling poor investor sentiment.

Small and medium-sized enterprises (SMEs) must improve their transparency to enable them to access banking credits, experts said at a conference on Thursday.

During the first 10 months of the free trade agreement between Việt Nam and the Eurasian Economic Union (EAEU), total trade turnover between the sides grew 32 per cent, with exports from Việt Nam to EAEU countries increasing 28 per cent.

Unlisted Public Company Market (UPCoM) welcomed the listing of nearly one billion shares in four companies on October 5. Share value registered for trading is equal to VNĐ11.8 trillion (US$518 billion).

Domestic airlines operating on the popular Hà Nội-Hồ Chí Minh City route have reduced the number of their flights due to technical and staff difficulties, the Civil Aviation Authority of Việt Nam (CAAV) reported yesterday. Nonetheless, it assured passengers that the domestic carriers were adhering to the flexible fare mechanism and not exceeding the ceiling level regulated.

PetroVietnam Power Company (PV Power) will sell 20 per cent of its shares at its initial public offering (IPO) in late November or early December, Vietnam News Agency reported on Wednesday.

Singapore’s United Overseas Bank (UOB) has launched a Business Banking service dedicated to help small businesses in Việt Nam grow their business.

Cần Thơ City expects to export its first batches of rice to Iran in the last quarter of 2017, Huỳnh Trung Trứ, deputy director of the city’s Department of Industry and Trade, said.

Việt Nam National Oil and Gas Group (PetroVietnam)’s financial targets surpassed assigned plans, with the group earning VNĐ367 trillion (US$16.15 billion) in revenue in the first nine months of 2017.

Forty foreign institutional investors have joined the race for shares of the Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO) at the firm’s initial public offering (IPO).

The EU is set to rule this month on the Vietnamese seafood industry’s compliance with its regulations on illegal, unreported and unregulated (IUU) fishing, and the US has just announced new rules relating to the same issue.

In an effort to fuel a start-up boom, the Ministry of Planning and Investment (MPI) is drafting a decree to create a legal framework for funding start-ups.

An Phương has an indepth interview with Lê Đăng Khoa, a 35-year-old entrepreneur from HCM City who manages 10 companies.

Prime Minister Nguyễn Xuân Phúc has approved a roadmap for bond market development in the 2017-20 period, with a vision to 2030, under which the ratio of outstanding bonds to GDP is expected to be 45 per cent in 2020 and 65 per cent in 2030.

A Vietnam News Agency reporter speaks to Phan Thị Thu Hiền, director of the Department of Banking and Financial Institutions under the Ministry of Finance, about difficulties in implementation and solutions to achieve this goal.

The Việt Nam Chamber of Commerce and Industry (VCCI) said that the Ministry of Finance’s proposed fee cuts was a positive move, but stronger cuts or even abolishments were needed to support businesses.

Trường Thành Furniture Corporation (TTF) announced that it has completed divestment from its subsidiary company, Trường Thành Wood Industry JSC (TTI).

Sông Đà Corporation will sell nearly 200 million shares, equivalent to 48.82 per cent of its charter capital through the initial public offering (IPO) scheduled in 2019, the company has announced.

Seoul Metal Vietnam Joint Stock Company (SMVC) is completing essential documents to seek a listing on the HCM Stock Exchange, expected to start trading this October, the company has announced.