Việt Nam News

Giant steel maker Hoa Sen Group suffered a recorded a loss of VNĐ886 billion (US$35.7 million) in the fourth quarter of the fiscal year 2021-2022, starting from October 1, 2021 to September 30, 2022.

The benchmark index was boosted by gains in large-cap stocks.

KB Securities Vietnam Joint Stock Company, a member of KB Securities under Korea’s KB Financial Group, and Vietnam National University, Hanoi, have signed a cooperation agreement to train and nurture young talents.

Stavian Quảng Yên Petrochemical Plant on Tuesday announced choosing technology licences from Honeywell UOP (USA) and Basell Poliolefine Italia (Italy) for its polypropylene production. The project is expected to strengthen the domestic supply of petrochemical products and exports.

The Vietnamese Association of Road Systems Investors (VARSI) held a seminar on removing inadequacies of PPP transport infrastructure projects in Hà Nội on Monday.

VNDIRECT Securities Corporation (VND) has announced its enrollment in a US$75 million offshore unsecured syndicated loan with the greenshoe option to increase the total limit up to $200 million from foreign financial institutions.

The exhibition is supported by Việt Nam Sports Administration and the Ministry of Culture, Sports and Tourism. It has been co-organised by VINEXAD and Việt Nam Automobile, Motorcycle and Bicycle Association (VAMOBA).

With an initial outlay of VNĐ1.3 trillion, the project comprises of two 19-storey and one 17-storey buildings.

Analyst’s Pick: Besides making all-out efforts to have better preparation, heads of ministries and localities should be free of wariness and dare to take risks.

CMSC recommended that VIMC divest capital in seaport enterprises, but only to a 65 per cent ownership rate.

The Ministry of Industry and Trade (MoIT) will continue to design more plans to effectively implement the campaign of encouraging Vietnamese to prioritise Vietnamese products, while speeding up administrative reform to gain public confidence, according to Deputy Minister Đỗ Thắng Hải.

Retailers have begun to fill their warehouses ahead of end of year peak sales.

The re-opening of the air route should boost investment and tourism from Chinese Taipei and cooperation in hi-tech, agriculture and information and technology in the central city. 

According to wood industry enterprises, the demand for importing wood pellets as fuel for this winter is increasing rapidly in EU countries, Japan, and South Korea.

The strong increase in financial revenue in the third quarter helped Vingroup record a profit after tax of VNĐ506.3 billion, more than doubled over 2021.

The Việt Nam-Republic of Korea (RoK) Business Week kicked off on October 31 in HCM City on the occasion of the 30th anniversary of bilateral diplomatic relations.

The stock market finished higher on Monday as bottom-fishing activities lifted large-cap stocks.

HDBank has launched the HDBank Petrolimex 4-in-1 super card which integrates four utilities - credit card, debit card, prepaid card, and Petrolimex ID (Petrolimex loyalty accounts) - to offer customers more flexibility in spending.