Việt Nam News

Vietnamese shares yesterday retreated on both local bourses as investors tried to look for profits in financial stocks.

The Vietnamese Government supports Russia’s Gazprom in expanding oil and gas production in Việt Nam, asserted Prime Minister Nguyễn Xuân Phúc at his reception for Alexey Miller, Chairman of the Management Committee of Gazprom in Hà Nội yesterday.

The capital city generated approximately USS3.4 billion from exports in the first four months of the year, marking a modest increase of 0.2 per cent against the same period last year, according to the municipal Statistics Office.

Việt Nam is committed to macro-economic stability and the best possible conditions for foreign investors in the country, including Goldman Sachs, Prime Minister Nguyễn Xuân Phúc told head of the US-based multinational investment banking firm’s Asia division Andrea Vella, during a reception in Hà Nội yesterday.

World Economic Forum (WEF) Managing Director Philipp Rösler met with young Vietnamese people and entrepreneurs in Hà Nội on Monday.

Vietnamese enterprises should foster their shrimp exports to the United Kingdom as exports to other markets were tending to slow down, the Việt Nam Association of Seafood Exporters and Producers (Vasep) has suggested.

The Credit Information Centre (CIC) under the State Bank of Việt Nam should use data from other industries instead of information just from credit institutions to bring customers to banks.

The fourth international precision engineering, machine tools and metalworking exhibition (MTA HANOI 2016) opened in Hà Nội yesterday.

The bank for Industry and Trade of Vietnam (VietinBank) and Viet Nam Prosperity Bank (VPBank), strategic investors of Sài Gòn Port JSC, asked to sell their holdings in the port at the shareholders general meeting last week.

Deputy Prime Minister Vương Đình Huệ urged the State Capital Investment Corporation (SCIC) to strengthen operations for more effective use of state assets, during a working session in Hà Nội yesterday.

Vietnamese shares rebounded on both local markets from Monday falls, led by large-cap stocks in the insurance and property sectors.

The annual Vietnamese High-Quality Products Fair opened yesterday  in HCM City, featuring nearly 700 booths of over 200 exhibitors, including manufacturers of high-quality goods.

Prime Minister Nguyễn Xuân Phúc on Monday chaired the first meeting with ministerial and sector leaders in Hà Nội seeking to remove obstacles to the enforcement of Laws on Enterprises and Investment.

Shareholders of Saigon Securities Inc yesterday approved the company’s expansion into derivatives trading, which has yet to begin in Việt Nam, however.

The Việt Nam Macadamia Association (VMA) launched its first congress in the Central Highland province of Lâm Đồng’s Đà Lạt City on Sunday.

Businesses must be fully aware of the importance of intellectual property (IP) and make it a critical part of their development strategies, especially now that the country is a member of the Trans-Pacific Partnership (TPP), officials said at a discussion in Hà Nội earlier this week.

Fecon Foundation Engineering and Underground Construction JSC (FCN) announced plans to increase foreigner ownership to over 49 per cent at the firm’s general shareholder meeting in Hà Nội on Saturday.

 Free trade agreement between Việt Nam and the Republic of Korea (VKFTA) would be an effective channel to increase the bilateral trade to US$70 billion in 2020, said an official of the Trade Promotion Agency under the Ministry of Industry and Trade.