Việt Nam News

Real estate developer Vingroup (VIC) announced an estimated profit of VNĐ1.1 trillion (US$49.2 million) for the first quarter of 2016 at its annual shareholder’s meeting in Hà Nội on April 22.

The long-awaited multi-billion US dollar refinery project is facing an uncertain future after nearly three years of registration for investment.

Nguyễn Đức Thành, director of the Việt Nam Centre for Economics and Policy Research, told the Thời báo Kinh tế Việt Nam (Việt Nam Economic Times) newspaper some measures that Việt Nam could adopt to ensure the harmonisation between the State budget and enterprises development.

The Ministry of Planning and Investment (MPI) organised a ceremony to introduce the small and medium-sized enterprise development fund in Hà Nội yesterday.

Thailand has become the leading market to export automobiles to Việt Nam in the first quarter of this year with a volume of more than 7,800 units, increasing by 64.5 per cent compared with the same period last year.

Domestic firms have taken the first measures in an effort to adapt to the State Bank of Việt Nam (SBV)’s new regulation on tightening foreign currency credit.

The use of many power supply sources, including high-priced sources, has caused Electricity of Việt Nam (EVN)'s costs to soar, leading to the possibility of future power hikes.

Vietnamese shares extended gains for a second day on both local markets yesterday, led by blue chips in property, finance and energy sectors.

MobiFone Telecommunications Corporation (MobiFone) opened its 10th retail store in the northern province of Hải Phòng.

HCM CITY – Việt Nam exported 1.42 million tonnes of rice for a total free-on-board value of US$577.28 million in the first quarter, a year-on-year increase of 57.7 per cent in volume and 51.16 per cent in value, according to the Việt Nam Food Association.

HÀ NỘI – Prime Minister Nguyễn Xuân Phúc has applauded the Việt Nam National Oil and Gas Group (PetroVietnam) for its noted contributions to ensuring national energy security.

Investors, start-up founders and experts gathered in Singapore for a two-day Tech in Asia 2016 conference. Việt Nam News talked with some of them to discover why Việt Nam is becoming a hot-spot for start-ups.

The Railway Project Management Unit (PMU) has asked Engineering Procurement and Construction (EPC) to replace the contractor for the La Thành Station project for failing to meet construction safety requirements and falling short on quality and progress.

The real estate market in Việt Nam will see a growing number of property developments which offer quality living environments and amenities as developers are moving to meet the market demand amidst an improved economy.

The State Bank of Việt Nam (SBV) has requested credit institutions and foreign banks to intensify their credit quality and bad debt management and submit their bad debt handling plans.

Việt Nam’s enterprises have recently promoted their investments in new fields and new markets and also expanded their operation in traditional markets, according to the Foreign Investment Agency (FIA).

The Trans-Pacific Partnership and other free trade agreements that Việt Nam has signed can provide great opportunities for the country if it adopts appropriate business strategies, experts told a seminar yesterday.

Vietnamese shares rebounded from recent losing streaks on both local markets yesterday as rising oil prices lifted energy stocks.