BIDV asked to help expand Vietnamese investments abroad

Prime Minister Nguyễn Xuân Phúc has asked the Bank for Investment and Development of Việt Nam (BIDV) to continue its pioneering role in supporting business investment abroad, especially in Laos and Cambodia, and becoming a leading commercial bank in the region. 

Vinamilk foresees 2017 growth

Việt Nam Dairy Products Joint-Stock Company (Vinamilk) projects a total revenue of VNĐ51 trillion (US$2.26 billion) in 2017, an increase of 8 per cent over last year.

Awards given to top IT products

The Việt Nam Software and IT Services Association (VINASA)  honoured 64 IT products and services on Saturday that had won Sao Khuê Awards.

Local stocks fall on global turbulence

Local stocks declined for the first time in four weeks, driven by rising global turbulence, and the market is expected to remain volatile as concerns rise about risks surrounding North Korea’s missile test.

MARD submits plan to develop shrimp industry

 The Ministry of Agriculture and Rural Development (MARD) has submitted to the Prime Minister a national action plan for the development of the shrimp industry through 2025.

PM halts US$10.6 billion steel plant

Prime Minister Nguyễn Xuân Phúc has halted construction of the US$10.6-billion Hoa Sen Cà Ná steel plant in south-central Ninh Thuận Province, while requiring more studies to be completed on the consumer demand and the environmental impact of the plant.

Overloaded trucks a blight on HCM City

The HCM City Department of Transport has caught 433 overloaded trucks so far this year, nearly double the number in the same period last year, and collected fines of over VNĐ4.7 billion (nearly US$210,000).

Vietlott churns up lottery market

Since its launch last July the American-style computerised lottery Mega 6/45 has been rapidly becoming popular due to its large prizes.

PV Power set for August IPO

PetroVietnam Power Corporation (PV Power) decided to make its initial public offering (IPO) this August, the electricity producer announced.

Derivatives interest many investors

Derivatives products will be available for trading in the Việt Nam’s securities market in less than a month, and institutional investors seem highly interested in the new products, reported vtv.vn on Thursday.

Social media dominates online ad market

Social networks now rival search engines as an effective online marketing and advertising channel, gaining a significant market share and raking in huge revenues in Việt Nam and elsewhere.

Three start-ups win blockchain contest in VN

Three Vietnamese start-up teams of Drop Deck, Turing and BKIT have surpassed other rivals to win the Blockchain-based projects contest, local technology page ictnews.vn reported on April 14.

Japan firm to build Quảng Ngãi power plant

The Japanese J-Power Development Company plans to build a thermal power plant in Dung Quất Economic Zone in the central province of Quảng Ngãi, the director of the International Development Business Department of J-Power Electricity, Jahana Takashi, told provincial officials on Thursday.

Apple bites into illegal VN shops

A number of mobile stores in Hà Nội began removing Apple’s “half-eaten apple” logo from their shop banners following the US tech company’s request sent to Vietnamese mobile traders recently.

Garment, textile exports to rise 10%

Việt Nam’s garment and textile exports may increase by 10 per cent this year if there are not adverse fluctuations in the global market, according to the Việt Nam National Textile and Garment Group (Vinatex).

Just 3 loans from SME fund so far

Though the Small and Medium Enterprise (SME) Development Fund was established a year ago, so far only three firms have got loans from it, fund director Hoàng Thị Hồng said.

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