PM approves equitisation of State power firms

Prime Minister Nguyễn Xuân Phúc has approved the equitisation of electricity-generating corporations under the Electricity of Vietnam (EVN), the Vietnam National Oil and Gas Group ( PetroVietnam) and the Vietnam National Coal and Mineral Industries Group (Vinacomin ).

International jewellery fair opens in HCM City

The Việt Nam International Jewellery Fair opened yesterday in HCM City, showcasing a wide range of diamonds, gemstones, gold and silver jewellery and the latest jewellery-making equipment.

Singapore, VN enhance economic co-operation

Over the past five years, Singapore’s investments in Việt Nam have nearly doubled. Singapore’s Trade and Industry Minister, Lim Hng Kiang, emphasises the development of longstanding economic relations between Singapore and Việt Nam, which have yielded concrete outcomes, including creation of the Việt Nam-Singapore Industrial Parks (VSIPs). Oxford Business Group talks to Minister Lim about these economic relations.

Stocks plunge on US election result

Shares retreated on the two local exchanges as investors sold off their investment portfolios on worries the Republican Donald Trump’s surprising win in the US Presidential election could shake global political and economic stability.

New regulations needed for car industry: official

It is necessary to place automobile manufacturing, assembly and import in areas where enterprises must satisfy specific conditions to do business in, Deputy Minister of Planning and Investment Đặng Huy Đông said on Tuesday.

Mexicans, peso thunderstruck by Trump win

Mexicans bowed their heads in disbelief, the peso tumbled and the government prepared a response as Donald Trump, whose anti-immigrant rhetoric infuriated the country, won the US presidential election.

Stocks rise slightly before US election

Shares slightly increased yesterday on the two local exchanges with modest trading liquidity as investors were waiting for the result of the US Presidential election.

Experts warn of sloppy food chain

Improving the regional link and developing the supply chain are necessary for the Cửu Long (Mekong) Delta to boost efficiency in agricultural production and national food security.

Footwear firms gear up for FTAs

Vietnamese leather and footwear firms are implementing new production and business strategies to make the most of the opportunities provided by free trade agreements (FTAs), especially with Eurasia.

Banks profits surge thanks to services

Some commercial banks have reported high profits in the first nine months of the year thanks to a restructuring effort which focuses on services instead of lending as previously done.

Sabeco files to list on HCM City’s stock exchange

Việt Nam’s largest brewer Sài Gòn Alcohol, Beer and Beverage Corporation (Sabeco), known for its iconic Saigon and 333 brands, has filed a listing application to the HCM Stock Exchange, eight years after its initial public offering in January 2008.

Seafood import restriction removed

Local seafood enterprises have been again permitted to be granted customs clearance before quarantine inspection, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).

Stocks rebound as FBI clears Clinton

Shares rebounded yesterday from a three-day decline on both local exchanges on higher investor confidence after the US authorities cleared Hillary Clinton of criminal charges, boosting her chances in the looming presidential election.

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