Việt Nam News

More and more retailers in the country are shaking hands with big e-commerce companies in order to widen their businesses while ensuring cost savings.

Shares rose slightly yesterday after a brief decline on Monday as large-cap stocks recovered on rising optimism over third-quarter earnings prospects.

Southern Phú Yên Province yesterday began construction of the High-tech Application Agricultural Zone (HTAAZ) in Phú Hòa District’s Hòa Quang Bắc Commune, with total investment of some VNĐ520 billion (US$23.1 million).

Credit growth in HCM City in the first nine months this year surged 13.26 per cent to VNĐ1,400 trillion (US$62.5 billion), the highest level in four years.

The Ministry of Industry and Trade (MoIT) will connect local distributors, dealers and retailers throughout the nation to assure they provide safe seafood from central Thừa Thiên Huế Province.

Shares declined further yesterday afternoon as large-cap stocks lost steam under increased profit-taking pressure. Money was more focused on low value shares.

Shipbuilding Industry Corporation (SBIC), previously known as Vinashin, will sell its entire holding of nearly 4.48 million shares, equivalent to 7.53 per cent stake, in PetroVietnam Marine Shipyard (PV Shipyard).

The Việt Nam Steel Association will protect the interests of local firms after Vietnamese steel exporters were accused of tax evasion in the United States, said the association’s vice chairman, Nguyễn Văn Sưa.

 Việt Nam Competition Authority (VCA) is actively supervising the recall, renew and exchange programme of all Galaxy Note 7 models from Samsung Electro-Mechanics Việt Nam Co Ltd (SEMV).

Việt Nam is one of Bulgaria’s most important economic partners in Southeast Asia and bilateral trade between the two countries have strong prospects for further development, a senior official said yesterday.  

Authorities of the Cửu Long (Mekong) Delta province of Long An pledged to create the most favourable conditions for domestic and foreign investors and businesses yesterday at an investment conference held in the province.

The four-day exhibition is a good opportunity for handicraft and gift producers and traders from across the country to advertise their products, seek new customers and expand their export markets, the event’s organisers said.

The strong growth of smartphone and internet users in Việt Nam offers further opportunity for the development of e-commerce, experts said at a recent seminar held in HCM City.

The Southern Rubber Industry Joint Stock Company (CASUMINA) plans to capitalise on opportunities arising from the Trans-Pacific Partnership trade agreement to increase sales of its semi-steel radial tyres, considered a strategic product of the company, to the US market.

Bình Minh Plastics Company (BMP) is working with a consulting firm to prepare essential procedures to lift its cap on holdings by foreign investors to 100 per cent before the year-end, HCM City Securities Corporation reported.

Vietnamese shares advanced slightly yesterday after a volatile trading week, driven by investor expectations of positive third-quarter earnings reports.

Việt Nam Sugar cane and Sugar Association (VSSA) has proposed that the Prime Minister allow importing raw sugar instead of refined sugar to save foreign currency for the 2016-17 crop.

Investors change tack, remain indifferent as gold slides; Bank restructuring to continue; Yuan becomes global reserve currency; what does it hold for Việt Nam