Việt Nam News

Improving legal frameworks and incentives are critical to promote the development of real estate investment trusts (REITs) in Việt Nam, chairman of the first domestic REIT said.

Vietnam Airlines Joint Stock Company (Vietnam Airlines) has said it earned more than VNĐ36 trillion (US$1.6 billion) in estimated revenue and VNĐ1.6 trillion ($71.6 million) in pre-tax profit in 2016's first half.

The Ministry of Industry and Trade’s Competitive Management Department has announced a list of 16 multi-level marketing companies without business licences early this week.

Nearly 40 laws involved in investment and business activities need to be revised to suit practical operations of enterprises, a seminar in Hà Nội was told yesterday.

The Việt Nam Competition Authority (VCA) said it received an appeal from domestic steel enterprises, demanding imposition of anti-dumping measures on H-shaped Chinese steel products.

The People’s Committee of south-central Bình Định Province have decided to kill the multi-billion US dollar refinery project in the locality, aborting the country’s first petrochemical refinery project as well as the anxiety about its long-delayed implementation.

The construction sector grew 8.8 per cent in gross domestic product (GDP) for the first half of this year, the highest growth since 2010, reported the Ministry of Construction during a conference in Hà Nội on Thursday on tasks in the second half of this year.

Vietnamese shares yesterday slid for a fourth day as the banking sector was the worst-hit industry on the market.

The lack of legal framework for expressway maintenance has hindered road maintenance tasks, affecting road quality and posing high risks for drivers.

Delegates at a seminar in HCM City yesterday called for developing close links between stakeholders in the agricultural production chain to improve the sector’s competitiveness globally.

Việt Nam has postponed a US$3-billion international bond issuance plan due to unfavourable conditions in the global finance and monetary market.

The state audit of Việt Nam has revealed the misuse of many social housing apartments in major cities.

The interest rate will continue to be stable over the remaining months of the year, according to the State Bank of Việt Nam (SBV).

International arbitration would be helpful for businesses in settling trade and investment disputes in the context of Việt Nam integrating rapidly into the global economy, experts said.

The chairman of HCM City People’s Committee has called on Singaporean businesses to pour more investment into the city’s transport, urban development and flood prevention projects.

The Government’s establishment of a special committee to manage capital at State-owned enterprises is necessary, but it is likely to face significant challenges in its work, experts said.

Local seafood enterprises must comply with Australia’s regulations for export seafood products to remain exports to the market, according to the National Agro, Forestry and Fisheries Quality Assurance Department (NAFIQAD).

There would be more auctions of shares from oil and gas companies in the second half of 2016 under the directives of the government on equitisation of state-owned firms.