Việt Nam News

The 15^th International precision Engineering, Machine Tools and Metalworking Exhibition and Conference that opened yesterday is showcasing a multi-national selection of the latest technologies, equipment and solutions for the manufacturing value chain.

The Government has mapped out several short-term solutions to achieve the year's growth target of 6.7 per cent. Let’s see whether they suit the long-term plans, targets and directions that Việt Nam wants to follow to ensure sustainable, inclusive growth.

The Nikkei Vietnam Manufacturing Purchasing Managers' Index (PMI) rose to 52.5 in June from a 14-month low of 51.6 in May.

Shares were mixed on Tuesday on the two stock exchanges as traders shifted investments to small- and medium-cap stocks.

The US Department of Commerce (DOC) has recently issued its preliminary conclusion and announced its plan to partially terminate its anti-subsidy investigations over steel nails imported from Viêt Nam, according to the Ministry of Industry and Trade (MOIT).

Hà Nội plans to attract 15-20 new projects with expected total investment of US$250-300 million in industrial zones and clusters in the capital city this year.

Việt Nam was recently listed among the world’s 20 fastest growing travel destinations by the United Nations World Tourism Organisation.

Cam Ranh International Airport Service Joint Stock Company (CIAS) will offer over 1.4 million shares as part of the company’s initial public offering (IPO) on July 12.

Local enterprises should take all opportunities to boost exports to the European Union (EU) in coming time thought still having many difficulties.

Shares rose on Monday as traders continued to focus on large-cap stocks on expectations of a longer rally.

Forbes Việt Nam on Monday announced the Việt Nam Dairy Products Joint Stock Company (Vinamilk) topped the 40 most valuable companies in the country with a value of more than US$1.7 billion. This is the second time Vinamilk has reached the top in the Forbes ranking.

Agriculture firm Hoàng Anh Gia Lai (HAGL) has predicted VNĐ6.33 trillion (US$281.5 million) in total revenue and VNĐ552 billion in pre-tax profit in 2017, the company announced at its annual shareholder meeting on June 30.

The State Capital Investment Corporation (SCIC) has declared record pre-tax profit of around VNĐ19 trillion (US$844 billion) in 2016, which is 3.9 times the profit earned in 2013.

The target of keeping the country’s inflation below 4 per cent in 2017 is quite feasible, said Deputy Prime Minister Vương Đình Huệ at a meeting late last week.

The central province of Thừa Thiên-Huế will invest VNĐ1.19 trillion (US$52 million) through 12 projects as part of its plan to restructure its agricultural sector with a vision till 2020.

After gaining encouraging results from a pilot programme that allow consumers to check the origin of pork, the HCM City Department of Industry and Trade on July 1 announced the implementation of a plan to use information technology to control and trace the origin of poultry meat and eggs.

The agriculture sector will have to make greater efforts to fulfil three major targets set for this year, Minister of Agriculture and Rural Development Nguyễn Xuân Cường said at a conference in Hà Nội last week to review the sector’s performance in the first half of this year and set targets for the second half.

Expectations of positive corporate earnings reports will lead Vietnamese shares up this week, especially financial-banking stocks, analysts say.