Việt Nam News

Despite impressive past results, there is plenty of room to develop bilateral economic relations between Việt Nam and Cambodia further, Vietnamese Ambassador Thạch Dư told a business conference yesterday in Phnom Penh.

Insurance and finance conglomerate Bảo Việt Holdings (Bảo Việt) has set a target of VNĐ22.5 trillion (US$1 billion) in revenue and VNĐ1.19 trillion in after-tax profit this year, according to the company’s general shareholder meeting on Wednesday.

Finance markets will become more sophisticated and powerful in the near future, and this will pose a challenge if banks do not focus on renovating existing technology, financial experts warn.

Vietnamese shares slid for a second day on both local exchanges as investor confidence declined on expectations that a US rate hike in June and declining oil prices would send energy firms down further.

The Prime Minister has approved a project to develop the national ecosystem for start-ups by 2025 in an effort to fuel a start-up boom.

The logistics industry in Việt Nam, which is expected to develop strongly in coming years, needs a new legal framework that would address future growth and its participation in a more competitive international environment, an official of  the Việt Nam Institute of Logistics said at a seminar held in HCM City yesterday.

Vietnamese shares finished lower on both local markets yesterday as investors took profits from blue chips’ gains and energy stocks fell on bumping oil prices.

Experts believe the central bank is loosening its monetary policies to support businesses and boost economic growth.

The pressure from growing foreign investments into the Vietnamese retail sector is forcing local retailers to improve their competitiveness in order to take on foreign rivals, a conference heard yesterday.

VinaCapital Vietnam Opportunity Fund (VOF) and VinaLand Limited (VNL) have transferred all their stakes in the 21st Century JSC to Khải Hưng Real Estate Co. Ltd.

The State Securities Committee (SSC) issued an administrative sanction against investor Trần Đức Minh for not declaring the change in his share-owning percentage on May 13.

Many innovative new products are on display at the Food Ingredients (FI) Việt Nam exhibition that opened yesterday in HCM City.

Vietnamese shares dropped on both local markets yesterday as investors took profits from blue chip gains and energy stocks fell on bumping oil prices.

Việt Nam Gold Trading Association (VGTA) chairman, Nguyễn Thành Long, asked the central bank and the Ministry of Finance to set up a national gold trading floor to mobilise gold from local people.

Viet Nam News spoke with Tharabodee Serng-Adichaiwit, general manager of Bangkok Bank Public Company Limited in Viet Nam, about the investment trend.

Ministries and sectors, along with local authorities, must promote their roles and coordination to help improve the domestic business environment and enhance national competitiveness, in accordance with a Government resolution.

The logistics industry in Việt Nam, which is expected to develop strongly in coming years, needs a new legal framework that would address future growth and its participation in a more competitive international environment, an official of  the Việt Nam Institute of Logistics said at a seminar held in HCM City yesterday.

Domestic private companies should get equitable treatment, especially in the context of the country’s increasing international integration, a seminar heard in HCM City on Monday.