Việt Nam News

Vietnamese shares continued to rise on both local markets yesterday, extending gains for a third session, as increasing oil prices lifted energy stocks.

Monetary policies from now until the year end must give top priority to ensuring the safety of the banking system and controlling inflation while still trying to support businesses.

The HCM City tourism sector has made good preparations this year to attract international visitors but more new attractions are needed for them to succeed.

Forbes Việt Nam Magazine yesterday named the top 50 listed companies of the year in the local stock markets.

Vietnamese shares yesterday extended gains from Friday on both local markets as listed real-estate firms reacted positively to the latest circular issued by Việt Nam’s central bank.

Việt Nam’s steel industry is facing difficulties, especially from imported steel products with cheaper prices, Hồ Nghĩa Dũng, chairman of Việt Nam Steel Association, said.

The national index of industrial production (IIP) surged 7.5 per cent in the first five months 2016 compared to the same period last year, the General Statistics Office (GSO) reported.

Việt Nam is striving to add tilapia to tra fish and shrimp as a key fisheries export.

After numerous hikes in interest rates this year, joint stock commercial banks have cut deposit rates for the first time thanks to good liquidity amid a lending slowdown.

An investment of VNĐ5.5 trillion (US$247 million) is needed for construction of the proposed cable-stayed bridge Mỹ Thuận No 2, according to Project Management Unit No 7 (PMU 7).

Japan’s biggest airline ANA Holdings has officially became the main strategic partner of the Vietnamese national flag carrier Vietnam Airlines under a US$109 million deal signed on Saturday.

The Việt Nam Pepper Association’s proposal for a pepper futures trading centre was welcomed by farmers who hoped that such trading would give them an upper hand while deciding prices.

The volume of unlicensed software used in Việt Nam has fallen by three percentage points to 78 per cent compared with 2013, according to the latest global software survey released by the Software Alliance (BSA).

On May 10 the Việt Nam Competition Authority warned that the import tax on crude and refined edible oils, reduced from 3 per cent this month to 2 per cent, would be scrapped altogether in May 2017.

The Việt Nam Meat Industries Company (Vissan), a subsidiary of the Saigon Trading Group (Satra), held its first shareholders meeting in HCM City on May 28.

Foreign investors registered to pump approximately US$10.16 billion into Việt Nam in the first five months of this year, surging 136 per cent from a year ago, statistics from the Ministry of Planning and Investment reveals.

Long-awaited amendments to the Circular 36/2014/TT-NHNN regulating prudential ratios for the operations of credit institutions and foreign bank branches were officially issued on Friday afternoon, surprising many real estate insiders.

Vietnamese shares may extend their losses this week as energy firms could suffer more from lower oil prices, while low investor confidence could pull down blue chips.