Việt Nam News

Việt Nam posted a year-on-year GDP growth of 5.1 per cent in the first quarter of 2017, slower than the previous two years at 5.48 and 6.12 per cent, respectively.

The State Capital Investment Corporation (SCIC) yesterday introduced two publications on corporate governance for the benefit of its representatives in State-owned companies.

Shares rebounded yesterday on the two stock exchanges as investors poured money in insurance and food-drink stocks on their positive earnings prospects.

Prime Minister Nguyễn Xuân Phúc last month issued Decision No 168/QĐ-TTg approving a five-year (2016-20) restructuring plan for the electricity sector. Đinh Quang Tri, deputy general director of Electricity of Việt Nam (EVN), tells Vietnam News Agency that the plan envisages increased transparency and competition in the sector.

GTNFoods Joint Stock Company (GTNFoods) has acquired 65 per cent stake in Việt Nam Livestock Corporation Joint Stock Company (Vilico) for VNĐ1.33 trillion (US$58.33 million).

The Bank for Social Policies has mobilised VNĐ4.2 trillion (US$184 million), so far, this year by auctioning Government-guaranteed bonds at the Hà Nội Stock Exchange (HNX).

Việt Nam gained a year-on-year increase of 7.6 per cent in total export value of agro, forestry and fishery products in the first quarter of this year to US$7.6 billion.

Việt Nam and Japan signed a memorandum of understanding (MoU) on Tuesday to boost tourism cooperation between the two countries.

Việt Nam welcomed 3.2 million foreign tourists in the first three months of the year, up by 29 per cent against the same period last year.

The province saw a breakthrough in attracting foreign direct investment (FDI)

More than US$208.5 million in foreign direct investment landed in northern Hải Phòng City in the first quarter of 2017, up nearly 16 per cent against the same period last year.

A seminar was held in Tokyo on Tuesday to attract investment to the northern province of Vĩnh Phúc, which witnessed the participation of more than 120 large firms.

As part of a programme to create an agricultural supply chain by 2020, HCM City will build a safe supply chain each for vegetables, pork and seafood, open shops selling safe agricultural produce and develop brands for safe food markets.

Property and retail giant Vingroup saw sharp increases in its earnings for 2016, according to the company’s post-audit combined financial report.

Deputy Prime Minister Vương Đình Huệ has asked the Ministry of Industry and Trade (MoIT) to calculate retail power price adjustments every six months instead of three as it proposed. 

Shares retreated yesterday on the two national stock exchanges as investors booked short-term profits on fears of a possible downward correction.

The central bank must push up banking restructuring and settlement of bad debt to ease pressure on rate hikes and keep rates stable this year, experts agreed at an online meeting yesterday on 2017 interest rate trends.

The northern province of Vĩnh Phúc called on its youth yesterday to join the national startup wave and contribute to promoting socio-economic development.