Việt Nam News

The Parkson Việt Tower is located at the Thái Hà-Tây Sơn intersection, an expensive section of the city centre. It covered more than 11,000cu.m, showcasing many famous brands, but the number of customers has been on the decline since its opening in 2008.

After rising continuously for the past few weeks, the đồng/US dollar exchange rate declined this morning, owing to the devaluation of the American currency in the global market.

Việt Nam’s import-export turnover by November 15 was on the threshold of US$300 billion, up $100 billion against 2011, the latest preliminary statistics from the General Department of Customs showed.

National flag carrier Vietnam Airlines has asked its shareholders to register their ownership by the end of this month to serve its trading registration on the Unlisted Public Company Market (UPCoM), which is expected in December.

Việt Nam’s sovereign fund State Capital Investment Corporation will auction a 9 per cent stake comprising 130.63 million shares in the Vietnam Dairy Products JSC (Vinamilk) at the HCM Stock Exchange on December 2.

Shares rebounded on the two local exchanges yesterday, lifted by energy stocks on increasing expectations of a short-term output curb agreement between oil producers.

The nation should aim at secure, sustained financing of the State Budget for the next five years by reducing deficits, increasing spending efficiency and tackling tax fraud, a new Politburo Resolution says.

Việt Nam would attach special attention to reform in insolvency regime in order to create favourable business and investment climate, according to Chief Justice of the Supreme People’s Court Nguyễn Hòa Bình.

The National Assembly has adopted a resolution cancelling a project to build the Ninh Thuận nuclear power plant, said the Chairman of the Government Office, Mai Tiến Dũng, at a news conference yesterday.

Authorities in Thừa Thiên-Huế Province have decided to revoke the investment licence given to build a resort and upmarket residential areas in the region, after the project has been delayed.

The Mekong Initiative for Startup Tourism (MIST) has been launched in HCM City to boost investment and innovation in the tourism sector in Cambodia, Laos, Myanmar and Việt Nam.

The domestic automobile market has warmed up recently, and consumption is seen moving toward vehicles with 1,500cc engines, or smaller, and pick-up trucks.

The Asia Commercial Bank (ACB) plans to issue more than 89.6 million shares as payments for 2015 dividends.

A chapter of Entrepreneurs’ Organisation, a global community that enables entrepreneurs to learn and grow, was launched in HCM City late last week.

The Việt Nam Cashew Association has set standards for cashew processing to nudge the industry towards cleaner production and ensure consistent quality.

Viet Capital Bank and FPT Information System (FPT IS) have signed a contract to modernise the bank’s transaction system with customers, targeting to better serve its customers and create a foundation to deploy Omni-channel banking services

The third investment wave from South Korea is now at its peak, according to Moon Byungcheol, Commercial Counsellor at the South Korea General Consulate in HCM City.

BUSINESS BEAT