Việt Nam News

Vicostone Advanced Quartz JSC will pay 33 per cent dividend in shares for its 2016 performance to increase its chartered capital to VNĐ800 billion (US$35.5 million).

Lenders in HCM City have complained that they face difficulties in disposing of mortgaged assets to recover unpaid debts.

The finance ministry has proposed to take over the management of the Enterprise Arrangement and Development Support Fund from the State Capital Investment Corporation (SCIC) to improve its efficiency.

Việt Nam recorded a trade surplus of US$455.5 million with Canada in the first two months of this year.

The State Capital Investment Corporation plans to sell its entire capital in 137 State-owned enterprises from now until 2020.

Việt Nam needs radical collective solutions to promote the fight against corruption and foster a healthy and transparent business environment, Deputy Secretary General of the Việt Nam Chamber of Commerce and Industry (VCCI) said at a conference on Wednesday in Hà Nội.

The State Bank of Việt Nam (SBV) will stop the acquisition of commercial banks at zero đồng, which it did previously.

Việt Nam needs a number of large and medium-size firms in order to mentor and push forward small businesses, which are the backbone of a healthy economy, according to General Secretary of the Vietnam Chamber of Commerce and Industry, Phạm Thị Thu Hằng. She spoke Wednesday in Hà Nội at a workshop on developing the private economy.

The southern province of Bình Phước plans to establish 35 industrial clusters in its 11 districts and towns by 2030, whose combined capital requirement will be VNĐ5.9 trillion (US$260 million).

Shares stepped back from morning trade on the HCM Stock Exchange on Thursday as selling pressure increased in large-cap stocks on fears of a steeper correction.

The province is striving to attract more foreign investors, including those from South Korea

Deputy Prime Minister Trịnh Đình Dũng worked with departments, agencies and companies yesterday to review economic performance and accomplishments for 2017’s first quarter and urged all parties concerned to pool their resources together in order to ensure future growth targets.

Domestic businesses are seeking to develop the rural retail market, given fierce competition from foreign rivals. 

The Vietnam International Bank (VIB) aims to earn a pre-tax profit of VNĐ750 billion (US$33 million) in 2017, 7 per cent higher than last year’s figure.

The Vietnam Posts and Telecommunications Group (VNPT) will put up for sale their stake in two subsidiaries in May.

The domestic railway industry will have many solutions to diversify its services and increase market shares in the future.

A number of listed companies--especially those whose capital structures have run out of space for foreign investment--will discuss raising foreign ownership at their coming annual shareholder meetings.

A Cần Thơ leader has said the city should co-ordinate with relevant ministries and other agencies to draw up economic plans, using all available resources and improving incomes and the city’s economic vitality and quality of life.