Việt Nam News

Vietnamese shares were volatile and closed mixed yesterday as investors remained cautious ahead the voting that decides Britain’s membership in the European Union (EU).

Việt Nam Public Bank’s pre-tax profit is expected to fall by 8 per cent year-on-year to VNĐ65 billion (US$2.9 million), on a revenue of VNĐ5.5 trillion, in 2016.

Kaspersky Lab researchers have identified a global forum where cybercriminals can buy and sell access to compromised servers for as little as US$6.

The southern province of Bình Dương has fulfilled over 78 per cent of annual target when attracting almost US$1.1 billion of foreign direct investment (FDI) in the first half of this year, the provincial People’s Committee announced at the meeting with local companies late last week.

Over the past five months, 47 gold jewellery traders here have been fined VNĐ1 billion for violating trademarks and selling jewellery with inaccurate gold content labeling.

Việt Nam’s foreign exchange reserves, exclusive of gold, reached a record high of US$38 billion in mid-June, said State Bank of Việt Nam Governor Lê Minh Hưng.

To avoid fines for inadequate compliance with provisions of the law, PLF suggests newly-established enterprises should pay heed to the following issues:

While many enterprises welcome the idea of establishing a stock exchange for start-up businesses, they also expressed concerned about the feasibility of such an exchange.

The number of tier-1 Vietnamese vendors joining Samsung’s supply chain has tripled from 4 to 12 last year, attendees at a workshop and exhibition heard.

Vietnamese shares struggled to remain positive yesterday, although investors remained upbeat ahead of Britain’s vote on the country’s membership of the European Union, energy stocks suffered from lower oil prices.

The law to support small and medium – sized enterprises (SMEs) will help generate over US$19 billion in taxes, according to an impact assessment by economic expert Lê Duy Bình.

Giant foods and flavours producer Kido Group (KDC) has reported sales of  over VNĐ3.1 trillion (US$136 million) for fiscal year 2015.

The proportion of enterprises in Việt Nam showing support for the Trans-Pacific Partnership (TPP) rose from 62 per cent in 2014 to 72 per cent in 2015, according to the Vietnam Chamber of Commerce and Industry (VCCI)'s recent survey participated by about 1,000 businesses.

Australia’s Department of Agriculture and Water Resources has certified that the Hanoi Irradiation Centre will irradiate Vietnamese lychees exported to the market.

Domestic retailers must improve competitive ability as the sole way to compete with foreign retailers for their survival in the future, according experts in the retail industry.

A district each in Bắc Giang and Hải Dương Provinces and 13 cities and provinces in the south, three wholesales markets in HCM City and retailers like Saigon Co.op, Big C, Lotte Mart and Satra agreed to increase consumption of the fruit.

Vietnamese shares rebounded yesterday as investors became more confident on expectations that Great Britain may not leave the European Union and higher oil prices boosted energy stocks.

Steel demand in Thailand, Malaysia, Indonesia, the Philippines and Việt Nam are expected to maintain a growth rate of 6 per cent next year despite exposure to China’s steel exports, according to World Steel Association (WSA).