Việt Nam News

Airlines using up to 10 aircraft on international routes are required to have minimum investment capital of VND700 billion to establish and maintain its airline service.

Việt Nam’s merger and acquisition (M&A) market is heating up, as the country deepens its international integration with the establishment of the ASEAN Economic Community (AEC), the upcoming Trans-Pacific Partnership (TPP) and new signing of free trade agreements.

Five months after the deadline set by the State Bank of Việt Nam (SBV) for resolving cross ownership in the banking system, the problem persists.

A HCM City products fair will be held in Moscow from September 9 to 14 at the Hanoi-Moscow Culture-Trade Complex (Incentra).

The Việt Nam Ship Building Industry Corporation (SBIC) has sold more than 7 million shares, or 5.72 per cent, of Việt Nam Aircraft Leasing Company (VALC), at a cost of VNĐ116.8 trillion (US$5.2 billion).

Trading in real estate stocks has shot up in the last month, with the volume reaching a total of 1.1 billion shares, a seminar heard in HCM City on Monday.

The Government should not adjust the economic growth target of 6.7 per cent even though it is unlikely to meet it this year, experts said during a conference in Hà Nội yesterday.

Vietnamese shares yesterday extended losses for a sixth day as lower oil prices kept investors worried about the prospect of energy stocks.

The country’s stable growth rate and improved business and investment environment over a long period has enticed large French corporations to invest or expand their projects in Việt Nam.

The Ministry of Industry and Trade (MoIT) will hold bids on the right to use duty quota to import 89,500 tonnes of sugar this year.

The Việt Nam Glass and Ceramics for Construction Corporation (Viglacera) opened a factory that will produce the first made-in-Việt Nam energy-efficient glass in the southern Bình Dương Province yesterday.

Taiwan’s Chin Li Plastic Industrial Co Ltd yesterday launched the construction of a factory to make shoe soles in the southern Bình Dương Province.

The agroforestry-fisheries export turnover in July was estimated at US$2.64 billion, lifting the sector’s export value in the first seven months to reach $17.8 billion, up 5.1 per cent year-on-year.

The Ministry of Trade and Industry is urging local footwear makers to further invest in support industries instead of depending excessively on imported raw materials and losing out on profits and competitiveness.

Foreign direct investment (FDI) registered in HCM City has decreased by 65 per cent year-on-year, according to the municipal Statistics Office.

Vietinbank Securities Corp (VietinbankSC) has issued nearly 6.7 million shares to more than 3,700 shareholders as dividends for the company’s performance last year, the company said in a statement yesterday.

Vietnamese shares ended down slightly yesterday, falling for a fifth day on both local exchanges as investors remained cautious towards the current market slowdown.

The Ministry of Transport divested from several companies following Government directives, gaining more than VNĐ2 trillion (US$88.9 million) during the first half of this year, said an official from the ministry.