Việt Nam News

Vietnamese shares yesterday bounced back from a gloomy trading week, driven by better investor confidence in blue chips following the re-allocation of ETFs’ investment portfolios and the energy sector was boosted by higher oil prices.

Việt Nam’s enterprises in foreign countries, especially Russia, should develop close business cooperation with enterprises in Việt Nam to take full advantages in doing business from free trade agreements signed between Việt Nam and foreign partners.

Việt Nam hopes to export 1.6 million tonnes rice in the four remaining months of the year, raising exports for the year to 4.9 million tonnes, according to the Việt Nam Food Association.

Việt Nam's coffee exports in August reached 2.54 million bags (152,678 tonnes), a growth of 9.2 per cent from July, according to the General Department of Customs' statistics.

Vietnamese shares may remain volatile this week as investors shift focus to the US central bank’s meeting, worrying about a US interest rate increase which could extend net foreign selling of local stocks.

The National Office of Intellectual Property of Việt Nam under the Ministry of Science and Technology has recognised the brand ownership for the products of Lý Sơn Island including garlic, onion, seafood, garlic wine, dried seafood and seaweed.

Việt Nam’s new import tariff, part of the ASEAN Trade in Goods Agreement (ATIGA) for 2016-18, has come into force.

Australia has given the green light for Vietnamese fresh mango to be imported into the country after nine years of negotiations, making it the second Vietnamese fruit, after litchi, to be presenting in the demanding market.

The deadline for social housing developers who signed borrowing contracts before March 31, 2016 to get cheap loans from the VNĐ30 trillion stimulus package will not be extended to December 31 this year as they wished. However, capital disbursement for low-income buyers still continues.

Recently the State Bank of Việt Nam (SBV) issued a licence to Malasyia’s second largest lender, CIMB Bank Berhad, to establish a bank in Việt Nam with a registered capital of over VNĐ3.2 trillion (nearly US$144 million).

Surveys by real estate services provider Savills Việt Nam have shown that more than 80 per cent of purchases as a second home in central Đà Nẵng City are from Hà Nội.

Real estate associations have proposed amending the Law on Land and the Law on Trading Real Estate to create favourable conditions for investors in property investment.

More than 100 executives from Vietnamese packaging businesses took part in a seminar in HCM City yesterday meant to introduce the 2017 Interpack Fair and Exhibition to be held in Germany.

Real estate company Worldstar Land launched a new online platform for property brokers, nghemoigioi.vn, on Thursday.

Sài Gòn Beer Alcohol Beverage JSC (Sabeco) asked the Ministry of Industry and Trade to list its shares on the HCM Stock Exchange (HOSE) in the future.

HCM City Infrastructure Investment JSC (CII) has removed the property development unit from the company's portfolio to raise the limit of foreign ownership to 70 per cent.

VietJet Aviation Joint Stock Company plans an initial public offering (IPO) in Việt Nam before going overseas, the airline managing director Lưu Đức Khánh told Việt Nam News yesterday.

The HCM Stock Exchange (HOSE) and the Hà Nội Stock Exchange (HNX) have founded the Việt Nam Securities Market Index Council and issued a regulation on the Commission’s operation and missions.