VN energy stocks fuel market surge

Oil and gas stocks lifted the market yesterday as global oil prices surged after the Organisation of Petroleum Exporting Countries (OPEC) members finally reached a consensus on production cut. However, persistent net selling by foreigners continued to weigh on the market.

Cooking gas price down in December

Cooking gas price for HCM City and other southern provinces will drop by VNĐ2,500 (US$0.1) per 12kg canister in December compared with the previous month.

Việt Nam, France forge stronger ICT co-operation

Minister of Information and Communication Trương Minh Tuấn visited France from November 26 to 29, aiming to strengthen cooperation between Việt Nam and France in information technology and communications.

Wood exports to Europe to rise

Once the Voluntary Partnership Agreement on Forest Law Enforcement, Governance and Trade (VPA/FLEGT) comes into force, there will be opportunities for Việt Nam to export more wooden products to Europe and other new markets as well as get higher prices, according to the EU Delegation to Việt Nam.

Vietnam Expo attracts 520 firms

The Vietnam International Trade Fair (Vietnam Expo) opened yesterday (Nov. 30) in HCM City with 520 companies showcasing their products at nearly 600 stalls.

Lending expands over 14% as of November 22

Lending of the banking sector as of November 22 had expanded by around 14 per cent against December last year, with đồng loans rising 15.3 per cent and foreign currency loans increasing 2.8 per cent, State Bank of Việt Nam Deputy Governor Đào Minh Tú reported.

Cashback for Online Friday

As many as 18 banks and credit organisations agreed to implement a cashback policy to customers joining in Online Friday 2016 on December 2.

VN services market open: VCCI

Việt Nam’s services market is significantly open to foreign investments under the commitments to the Trans-Pacific Partnership (TPP) and the European Union-Việt Nam Free Trade Agreement (EVFTA),

Shares rebound on risk taking

Shares rebounded yesterday on the two exchanges after a four-day losing run as low stock valuations stimulated risk appetites and foreign investors started to buy back local shares after nine consecutive net selling streak.

Forum calls for digitising VN banking

The banking sector has been developing rapidly but it needs to do more, especially to ensure sustainable development of digital banking, a conference heard in HCM City Thursday.

 

National export turnover up in Nov

Export turnover in November reached US$15.6 billion, up 1.3 per cent since last month, pushing export value in the 11 months of 2016 to $159.5 billion, an increase of 7.5 per cent year-on-year.

Industrial production maintains steady growth

The Index of Industrial Production (IIP) for the first 11 months of 2016 rose by 7.3 per cent compared with the same period in 2015, according to the General Statistic Office (GSO).

Record number of new firms set up

The number of newly-established firms in the past 11 months hit a five-year record high of 101,683 thanks to the Government’s incentive policies, the General Statistics Office (GSO) reported.

Oversight key to SOE reform

Strengthening financial supervision of State-owned enterprises (SOEs) is key to improving their performance and enhancing the efficiency of State investments, experts said yesterday.

World trade pact to benefit VN

Implementation of the WTO Trade Facilitation Agreement (TFA) will help reduce about 20 per cent of business expenses as well as promote investment and create more jobs for Vietnamese.

Top Thai expo organisers to come to Hà Nội

Ten leading Thai exhibition organisers will come to Hà Nội for a business-to-business forum to meet Vietnamese enterprises, trade promotion organisations and associations on December 2.

Shares down for four sessions

Shares tumbled again on the two local exchanges yesterday as foreign investors continued offloading local assets, putting pressure on market sentiment, and pessimism on an OPEC deal pulled energy sector down.

E5 bio-fuel to replace A92 petrol

E5 bio-fuel will replace A92 petrol by June 2017 as many localities in the country are using the bio-fuel product, the Ministry of Industry and Trade (MoIT) said.

VN tourism record: 25.4% increase

More than nine million foreigners visited Việt Nam between January and November, up 25.4 per cent compared to the same period in 2015, the General Statistics Office (GSO) has revealed.

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