Việt Nam News

Foodstuff producer Kido Joint Stock Company (KDC) plans to buy 26 million shares at no more than VNĐ30,000 each, announced a document of the firm’s shareholder meeting.

Although Viet Nam has rolled out the red carpet for enterprises and investors, conflicting legal documents remain the "nails" hindering businesses.

 Foreign direct investment (FDI) in HCM City, the country’s major economic hub, has fallen 38 per cent year-on-year since the beginning of this year, according to the city’s Statistics Office.

On Monday the đồng slid by VNĐ100 against the US dollar to VNĐ22,460, the lowest level this year.

Export enterprises and commercial banks welcomed the State Bank of Việt Nam’s decision to allow credit institutions to resume provision of foreign currency loans two months after it was banned.

Hà Nội is calling on colossal investment of about VNĐ2.6 quadrillion (US$115.5 billion) over the next five years as the first step in transforming itself into the second Singapore, announced top officials.

Vietnamese shares may decline this week, as blue chips could run into profit taking and macro-economic conditions might not be strong enough to drive markets up, analysts warned.

Vietnamese shares rose higher yesterday as investor confidence was bolstered by higher oil prices and expectations for better corporate earnings in the past three months.

Thống Nhất Production and Investment JSC, listed as GTN on the HCM Stock Exchange, yesterday became the latest stock to be added to the investment portfolio of German investment fund FTSE Vietnam ETF.

Sài Gòn Beer-Alcohol-Beverage Corp (Sabeco) will pay shareholders a dividend worth VNĐ3,000 (US13 cents) per share for last year’s performance, according to the company’s annual shareholder meeting on May 27.

The Hà Nội Stock Exchange on Wednesday welcomed three new companies to the Unlisted Public Companies (UPCoM) market, reaching capitalisation of more than VNĐ108.4 trillion (US$5 billion).

Vietnamese producers of consumer goods should invest more in improving product quality and develop close links among themselves to negotiate better with foreign-owned retailers, a seminar heard in HCM City yesterday.

Recent mass fish deaths in the central provinces of Hà Tĩnh, Quảng Bình, Quảng Trị and Thừa Thiên-Huế have not affected the supply or safety of aquatic exports, officials said.

Mergers and Acquisitions (M&As) by foreign companies is the fastest way to hold stakes in the Vietnamese electronic and electrical retail market.

Up to 95 per cent of Vietnamese enterprises were using the Internet last year, but up to 60 per cent of them faced difficulties with information technology (IT) applications, according to a report from the Việt Nam Chamber of Commerce and Industry (VCCI).

The Hà Nội People’s Committee recently issued a decision regulating installation and the management and usage of centralised inboxes, telecommunications cabling systems, and coverage systems in high city buildings with multiple owners.

Now that Việt Nam emphasises the importance of the private business sector, there is a chance for small- and medium-sized enterprises, especially female entrepreneurs to have “greater voices”. 

Facing a severe shortage of parking space, Hà Nội recently issued a regulation that high-rise building projects and trade centres must have at least three basement floors for parking. The regulation has made property developers unhappy.