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Businesses cut costs to retain market share

VN đồng deposit interest rates expected to rise 1% in 2016

Deposit interest rates in the Vietnamese đồng this year are expected to rise 1 per cent against last year, according to a report from the National Financial Supervisory Commission (NFSC).

Việt Tiến garment firm adds $18.7 million to capital

The Việt Tiến Garment Joint Stock Corporation (VGG) has issued 14 million shares converting 1.4 million corporate bonds for VNĐ100,000 each and added VNĐ420 billion (US$18.7 million) to its capital.

State offloads shares in 16 IPOs, raises $90 million

Bình Định tourism to undergo facelift

Delegates reached solutions to develop tourism in the central province of Bình Định at a seminar held late last week in Quy Nhơn City.

Lao province eyes VN trade

Laos’s newly established province of Xaysomboun wants to bolster trade and investment co-operation with Việt Nam, especially HCM City.

HNX offloads $1.5 billion in government bonds

The Hà Nội Stock Exchange in March sold nearly VNĐ34.3 trillion (US$1.5 billion) worth of government bonds issued by the State Treasury in 15 auctions.

BIDV Securities aiming for higher capital in 2016

The BIDV Securities Company (BSC) will ask shareholders for approval to increase capital at the company’s annual shareholder meeting, which will be held on April 23.

FDI projects on rise in Cần Thơ

Cần Thơ last month issued a licence to South Korea’s Tae Kwang Vina Industrial for setting up a shoe production plant in its 2B Hưng Phú Industrial Park.

Vietnamese stocks on rebound

Vietnamese shares bounced back on both local exchanges yesterday, led by the food and beverage sector

Filling up

The retail prices of RON 92 petrol and E5 bio-fuel increased by VNĐ518 (23 US cents) and VNĐ551 per litre, respectively, yesterday.

Agriculture census surveys to be taken in July

This year’s rural, agriculture and aquaculture census dates will be held July 1- 30 nationwide.

Real estate business: restrictions for foreign investors

Real estate is one of the areas that attracts great interest from investors in Việt Nam. However, investment in this sector is currently restricted by quite a few regulations.

Consumption tax hike needed

Health activists say special consumption taxes imposed on alcohol, beer and tobacco should be increased to improve community health and tackle the national budget deficit.

VN to sustain rice exports despite failed crops

The rice output of the winter-spring rice crop fell significantly because of drought and salination, but with an additional 200,000ha to be planted in the Cửu Long (Mekong) Delta region.

Fitch sets 5 VN bank’s ratings

Fitch Ratings has issued the long-term issuer default ratings (IDRs) on five Vietnamese banks.

Int’l bike brands arrive in VN

Two years after the return of Peugeot, the Vietnamese bicycle market has welcomed several more famous brands.

2,900 firms close down in Q1

Firms need stable capital for long-term survival.

Localities urged to use vendor database

Nestor Scherbey, senior consultant at the Việt Nam Trade Facilitation Alliance (VTFA), made this suggestion during a conference held yesterday in the southern province of Đồng Nai.

HoSE puts EIB shares on warning list

HCM Stock Exchange (HoSE) put shares of the Việt Nam Export Import Bank (EIB) on the warning list due to its accumulated losses over two consecutive years.