Việt Nam News

Tín Nghĩa Corporation, the second largest state-owned corporations in southern Đồng Nai Province planned to sell 14.9 million shares or 9.56 per cent of stake at its initial public offering on April 1.

For years, Việt Nam, as a developing country, has tried to reform its legal framework for investment to make it consistent with a market economy. 

Some commercial banks have recently taken international loans to meet their long-term capital demands.

A contract relating to the construction of Đà River Water Project Phase 2 between a Vietnamese water supply company and a Chinese pipe supplier has not yet been signed, said an official.

Vietnamese shares retreated on both local markets yesterday as investors cautiously awaited speeches given by the US central bank on the interest rate outlook this year.

Việt Nam’s textile and apparel sector remained passive in global value chains, said Nguyễn Cẩm Tú, deputy minister of industry and trade, at a workshop yesterday in Hà Nội.

Việt Nam is one of the few countries maintaining an annual economic growth rate of around six per cent.

Việt Nam’s retail sector offers great potential for investors in the context of various free trade agreements and the Trans-Pacific Partnership the country has signed.

The recently effective circular limiting sub-prime loans for securities trading would make the local market healthier, said Đỗ Bảo Ngọc, a senior stock expert from MBS securities company.

Governments will improve policies to accelerate investment flows from Việt Nam to Laos, a conference was told in Đà Nẵng last Sunday.

The Ministry of Transport has asked the government to grant an air transport business licence for Vietstar Airlines Multirole Corporation (Vietstar Airlines) to operate as a passenger carrier, local media reported.

Consumers are flocking to electronic shops and supermarkets to buy fans, air conditioners and other electronic products to ward off the heat in the southern region.

 Experts are concerned about new non-performing loans rising significantly while the Việt Nam Asset Management Company (VAMC) still has to devise radical measures to resolve bad debts acquired from banks.

Agro-fishery-forestry exports were estimated at US$6.73 billion in the first quarter of this year, a year-on-year increase of 3.1 per cent, according to the Ministry of Agriculture and Rural Development.

The General Statistics Office (GSO) is conducting a nationwide survey into Vietnamese enterprises to evaluate their business performance and preparedness for global integration.

Vietnamese shares advanced on both local exchanges yesterday as energy firms rose on higher oil prices and other companies gained on expectations for better earnings this year.

The Ministry of Finance will co-ordinate with the Ministry of Transport and Hai Phong Port authority to deal with containers that are lying unused at Hải Phòng Port by the end of April.

Domestic business groups, corporations and enterprises should focus on intensive industrial development to create industrial products with a national brand and high competitiveness on the world market.