Việt Nam News

Producers of export quality garments are facing a reduction in orders, according to the Việt Nam Textile and Apparel Association (VITAS)

E5 petrol producers and distributors need more State support to sell the product on the local market due to the numerous difficulties they face, the Việt Nam Petroleum Association said.

Thailand’s Central Group and its local partner Nguyễn Kim Trading Company have finally won the fierce battle for ownership of Big C Vietnam after offering 920 million euros (US$1.05 billion) to France’s Casino Group.

The Prime Minister has recently approved a technical assistance project involving consultations and analyses of public finance management in Việt Nam.

The country’s biggest gold bar trader in Việt Nam, Sài Gòn Jewellery Joint Stock Company (SJC), recorded more than VNĐ18 trillion (US$806 million) in sales in 2015, but its gross profit margin was only 0.57 per cent, much lower than the margin of competitor Phú Nhuận Jewellery (PNJ) at 15 per cent.

Vietnamese shares went yesterday were mixed on the two local exchanges, while investors tried to take profits from banks after these stocks made good gains last week.

The Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) signed a new agreement on Saturday to improve its partnership with the Binh Son Refining and Petrochemical Co Ltd (BSR).

HCM CITY—American businesses plan to invest in a large project in Thủ Thiêm new urban area that would be turned into a leading service and finance centre, according to the Government’s news portal.

Experts have noted that it is time Vietnamese retail firms "grew up" and adopt modern retail practices. Among the recommendations is that Việt Nam’s retailers promote local production through distribution and compete with foreign rivals during the current merger and acquisition (M&A) boom.

Vietnamese shares may not extend their gains this week, as investors might look for profits and local markets could lack good news from companies and global exchanges, brokerage firms wrote in the weekly forecast

The Ministry of Industry and Trade planned to officially announce in mid-June results of the inspection to scrutinise seven multi-level marketing companies following the Liên Kết Việt scandal that defrauded 60,000 victims, officials said at a meeting yesterday.

The HCM City Department of Industry and Trade yesterday inaugurated a centre to display products made by supporting industries.

Nearly 27,700 ".vn" domain names were created in the first three months of this year, increasing the total number of ".vn" domain names to 354,608.

Vietnamese exports of software have risen dramatically but sales in the domestic market fell during the 2011 – 2015 economic downturn, according to the Việt Nam Software Association (VINASA).

The Embassy of Israel in Viet Nam, the Ministry of Science and Technology’s Market Development and Science and Technology Enterprise Department, and the Centre of Business Studies and Assistance will co-organise a start-up contest entitled Start Tel Aviv 2016.

Stock data has revealed that 40 per cent of shares listed on the local bourses are traded below book value, with local securities experts suggesting that bad investor relations (IR) was the leading cause.

Metal mining business Masan Resources, a member of consumer goods producer Masan Group, has recorded revenue of VNĐ806 billion (US$35.8 million) in the first quarter of the year.

Prime Minister Nguyễn Xuân Phúc said the Vietnamese Government and authorities of northern Hải Phòng City would make best effort to play its role of setting up development, unbinding difficulties and creating favourable conditions for the Republic of Korea’s LG Corporation to boost business in Việt Nam.