Việt Nam News

The State Capital Investment Corporation (SCIC) announced its final price for 9 per cent of shares in the Vietnam Dairy Products Joint Stock Company (Vinamilk) at VND144,000 per share (US$6.32).

The HCM Stock Exchange (HOSE) has approved the listing of Việt Nam’s largest brewer Sài Gòn Beer, Alcohol and Beverage Corporation (Sabeco) at a starting price of VNĐ110,000 per share (US$4.89).

After a significant rise in the US dollar/đồng reference exchange rate in the past few weeks, the central bank this week cut it by 16 đồng to VNĐ22,121 per dollar.

The year will go down in the history of the Tân Cảng-Cái Mép International Terminal (TCIT) as the port handled its one millionth TEU (twenty-foot equivalent unit) for 2016, following six years of operation.

Viettel’s Customer Insights software took a bronze medal in the Research and Development category at the ASEAN ICT Awards 2016 held in Brunei on November 25.

The Finance Ministry’s State Securities Commission (SSC) was awarded the Independence Order, second class, during a ceremony yesterday on the 20th anniversary of its foundation.

Consumer Price Index (CPI) in November 2016 rose significantly by 0.48 per cent compared to October and by 4.52 per cent compared to the same period last year due to price increase in the food and beverage sector, according to the General Statistics Office of Vietnam (GSO).

Credit card service providers will have to compensate card owners for any probable loss not caused by the owners, starting November 28, 2016.

The deputy minister of finance urged the general departments of customs and taxation to further administrative reform efforts to facilitate businesses, which still have several questions about tax and customs procedures.

Shares sank for a third day on the two national stock exchanges yesterday as foreign investors continued to offload local shares, raising concerns about a capital flight from the market.

The construction of Bình Thuận Province’s first waste treatment plant has begun. It will be able to treat 400 tonnes of waste a day once it starts in June 2017.

The Việt Nam National Oil and Gas Group (PVN) has opened a laboratory to analyse domestically produced fuel, and an office for Việt Nam Petroleum Institute (VPI) in HCM City.

The Việt Nam Coffee and Cocoa Association will celebrate the first Việt Nam Coffee Day, December 10, at the Youth Cultural House in HCM City.

Shares may remain volatile this week as investors keep a cautious stance ahead of OPEC’s meeting, and foreign selling would likely weigh on investor confidence.

Shares of many big enterprises have become hot picks in recent days on the Over-The-Counter (OTC) market as investors place bigger bets on pre-listing companies to be next superstars on the Unlisted Public Company Market (UPCoM).

Together with the investments from Japanese medium and small enterprises, many Japanese companies operational in the country have unveiled plans for capital expansion as a commitment for their long-term business activities in Việt Nam.

The 14th Vietnam Expo will take place at the Saigon Exhibition and Convention Centre in HCM City from November 30 to December 3.

The online tax refund pilot project would be implemented in 13 municipal taxation departments this year and expanded next year.