Việt Nam News

The Trans-Pacific Partnership and other free trade agreements that Việt Nam has signed can provide great opportunities for the country if it adopts appropriate business strategies, experts told a seminar yesterday.

Vietnamese shares rebounded from recent losing streaks on both local markets yesterday as rising oil prices lifted energy stocks.

Việt Nam could only escape the middle-income trap by developing the manufacturing and industry sector to create new products, the Viet Nam Chamber of Commerce and Industry (VCCI) heard yesterday.

Prime Minister Nguyễn Xuân Phúc has urged the Ministry of Planning and Investment (MPI) and other ministries and agencies to promptly reach consensus on solutions to the lingering problems facing the country in order to fulfill the growth target of 6.7 per cent for 2016.

 Electronics firm Hanel One-member Company sold more than 3.9 million shares, or 20.4 per cent of the total 19.13 million shares offered in its initial public offering yesterday.

 The first meeting between the newly-appointed Prime Minister Nguyễn Xuân Phúc and the Vietnamese business community will be held on April 29, nearly one month after he took the office.

 Industrial parks and export processing zones in HCM City attracted investment worth US$197.86 million in the first quarter of 2016, a year-on-year decline of 53.4 per cent.

Bắc Á Bank plans to make its initial public offering (IPO) during 2016-2020, Thái Hương, the bank’s general director, said yesterday at the annual shareholder meeting.

The Trans-Pacific Partnership (TPP) will bring both opportunities and challenges to the finance sector in Việt Nam. Việt Nam News asks Alan Pham, chief economist of VinaCapital Corporate Finance Việt Nam Ltd., about them.

Truck distributor Hoàng Huy Investment Service JSC (HHS) has announced its after-tax profit in the first quarter of this year dropped 72 per cent over a year to VND54 billion (US$2.4 million).

Việt Nam is promoting investment attraction and business co-operation regarding international enterprises.

Stock investment funds would enter an opportunity of growth thanks to the on-going economic recovery and foreign capital inflows this year, said Trần Thanh Tân, vice chairman and CEO of the Viet Nam Investment Fund (VFM).

Vietnamese shares continued to fall slightly on both local markets yesterday to extend losses from Tuesday, led by the food and beverage industry.

Executives from 10 companies in Korea’s Hamyang County yesterday met with 50 Vietnamese counterparts in HCM City to exchange information and explore business opportunities.

The retail prices of RON 92 petrol and E5 bio-fuel remained unchanged at VND14,940 and VND14,442 per litre, respectively, at 4pm on April 20.

 Developing a national brand is a critical part of the country’s international integration efforts, Deputy Minister of Industry and Trade Đỗ Thắng Hải said.

Việt Nam and Russia signed an inter-governmental agreement on oil and gas survey and exploration in Russia under the Rusvietpetro joint venture company, in Hà Nội yesterday.

A surge of US$5.9 billion in overseas foreign currency deposits by local commercial banks in the third quarter of last year was normal, said director of the State Bank of Việt Nam’s Forecast and Statistics Department, Tô Huy Vũ.