VN to develop corporate governance code in 2017

Việt Nam is developing a corporate governance code for listed firms in order to help local firms attract more capital and make them more competitive in an environment of increasing regional economic integration.

Cuba, VN eye more investment

Cuba and Việt Nam are seeking to boost investments, which are still at a modest level despite the two countries’ long-standing friendship.

SBV aims to bolster payment security

The State Bank of Việt Nam (SBV) on Monday directed relevant agencies to enhance security measures against risks and frauds in payment, following the execution of several scams recently.

Inter-bank rates hit record low

Following the continuous decline over the past weeks, inter-bank rates across all tenors hit a record low, staying at below 1 per cent per year.

IPI rises 6.9% in eight months

Việt Nam’s industrial production index (IPI) in August grew 7.3 per cent month on month and posted a 6.9 per cent rise in the first eight months of 2016, lower than the 9.8 per cent rate recorded in the same period last year due to a continuous downturn in production of the mining, processing and manufacturing industries.

SMEs struggle to access credit

While supports to enable firms to engage in the global value became pressing amid rapid international integration process, businesses were still struggling in accessing credits, especially small and medium-sized enterprises (SMEs), according to the Ministry of Industry and Trade.

Sun Life becomes sole owner of firm

Canada’s Sun Life Assurance Company has bought out PVI Holdings’ 25 per cent stake in PVI Sun Life Insurance Company Limited to increase its ownership to 100 per cent.

VN-Index hits over one-month high

Shares rose for the third consecutive day on the HCM Stock Exchange yesterday as investors continued to focus on large-cap stocks in expectation of further market growth.

Thirteen car brands on show at VMS

Thirteen car manufacturers with the latest models and technologies of various categories, from private cars to commercial vehicles, will be showcased at the Vietnam Motor Show (VMS) 2016.

Government-backed loans to be temporarily halted

Việt Nam will temporarily halt the granting of Government guaratees for loans to for new projects from 2017 in order to ensure the safety level of public debt following the Prime Minister’s directive.

VN urged to up competitiveness

Việt Nam has become a big importer for goods from ASEAN countries seven months after joining in ASEAN Economic Community (AEC), Deputy Prime Minister Vương Đình Huệ has said.

Purchasing power decreases 0.3% in August

The total national retail value of goods and services in August reached nearly VNĐ292.8 trillion (US$13 billion), with purchasing power declining 0.3 per cent against July.

Hoa Sen to build giant steel plant

Hoa Sen Group will build a steel plant with a capacity of 16 million tonnes a year in the south-central province of Ninh Thuận at a cost of US$10.6 billion.

Vietcombank to sell 7.73% stake

Singapore’s sovereign wealth fund GIC is set to acquire a 7.73 per cent stake on a fully enlarged basis in Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank), Vietcombank announced yesterday.

SBV urges lending supervision

The State Bank of Việt Nam has directed its supervisors and credit institutions to enhance control on lending to borrowers with large outstanding loans.

Market slows down on late selling

Shares retreated from a five-month high seen in the morning as investors increased selling due to caution ahead of portfolio restructuring of large exchange-traded funds

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