Việt Nam News

Online retail is expected to continue increasing, as domestic and foreign retail companies are planning to invest heavily in this field.

Shares ended Monday on a positive note as banks reacted to information that the new bad debt settlement resolution will likely be approved by the National Assembly this week.

Lục Ngạn District in the northern province of Bắc Giang see a rich harvest of lychee this year, with its growers happier than in previous seasons because lychee prices have reached highest level ever.

The Coal Mineral Industries Group (Vinacomin) must cut costs to become competitive and find buyers for its stockpile of 9.3 million tonnes of coal, the Prime Minister’s working group said.

With double-digit growth annually, Việt Nam has a promising cosmetics industry for foreign firms seeking to expand overseas, experts have said.

Australia has lifted the ban it imposed in January on uncooked Vietnamese shrimp products. Vietnamese companies may resume importing raw prawns caught in Australia for processing and export them to Australia for consumption.

Enterprises in Việt Nam and Algeria will explore more business and trade opportunities with each other, said Vietnamese Ambassador to Algeria Phạm Quốc Trụ who led a delegation from the Embassy of Việt Nam visiting Oran City, Algeria.

HCM City has attracted US$2.15 billion in foreign direct investment (FDI) in the first half of 2017, double the amount from the same period last year.

The northern province of Hải Dương will create favourable conditions and offer preferential policies for businesses investing in high-tech agriculture, post-harvest preservation, slaughterhouse construction and production chain development, provincial authorities said.

Prime Minister Nguyễn Xuân Phúc has asked Thailand’s TCC Group, a large retailer, to create conditions for high-quality goods and agricultural products of Việt Nam to be sold at its supermarkets. 

Vietnamese rice prices have recently increased strongly in both domestic and foreign markets due to high demand and limited supply. 

Việt Nam’s plant protection product market is valued at US$1 billion a year, but the country is still heavily dependent on imports.

The share market is set to remain positive this week, but trading could prove to be bouncy for lack of supporting business information, experts say.

Hùng Vương Corporation (HVG), one of the biggest seafood processors in Việt Nam, has reported a nearly six-time increase in its reviewed loss for the first half of the financial year.

Trường Thành Furniture Corporation may issue 100 million shares, worth VNĐ1 trillion (US$44.4 million), to raise capital for restructuring its debt and improving production.

The Việt Nam Securities Depository (VSD) could become the supervisor of trading on the derivatives market, along with the State Securities Commission (SSC) and the two local stock exchanges.

Agribank Securities JSC (Agriseco) on Friday appointed its chief executive officer (CEO) to become the new chairman of the management board.

Nguyễn Thị Hồng, deputy governor of the State Bank of Việt Nam, said as of May end bank credit had grown at 6.58 per cent in the year-to-date, an eight-year high.