Việt Nam News

Việt Nam’s stock market is still cheap at 11.5 times forward P/E and expectations of EPS growth of over 20 per cent this year compared to an average P/E of 16.2 for its emerging market ASEAN peers.

Vietnamese shares ended the week on a negative note, dragged by banking and securities stocks.

At the Australia – Việt Nam Business Cooperation Forum held in HCM City on Thursday companies from the two countries discussed co-operation and technology transfer in areas like clean energy, hi-tech agriculture and digital transformation applications.

The move showed the effective COVID-19 prevention and control of the two countries, and the recovery of the Chinese aviation market - an important market of Vietnamese airlines, CAAV said. 

After the proposal to cut the petrol price stabilisation fund and import tax, the Ministry of Finance (MoF) has announced plans to cut the environmental tax on fuel.

One out of three businesses considered kickbacks a norm in bidding, especially for contracts financed by the State budget according to the latest report by the Vietnam Chamber of Commerce and Industry (VCCI) and the United Nations Development Programme (UNDP).

Developing a modern processing and preservation industry is vital for the agricultural sector to increase the added value of farm produce and expand exports.

Statistics from the Ministry of Industry and Trade revealed that Việt Nam exported US$2.24 billion worth of goods to Africa in 2021, up 20.4 per cent year-on-year. The country's exports to the bloc in the first five months of 2022 saw a modest yearly decline of 3 per cent to $1.15 billion.

To help take Vietnamese lychee exports to the next level, a seminar entitled “Vietnamese lychees go global” was held in Hà Nội to support and promote the global brand name of the popular Vietnamese fruit. 

The national flag carrier Việt Nam Airlines will officially resume operations to and from Terminal 4 of London Heathrow Airport in the UK from June 22.

Leading enterprises from the Republic of Korea (RoK) including Samsung Electronics, Naver and Revu Corporation have further promoted investment in research and development (R&D) centres in Việt Nam to fully tap high-quality and low-cost human resources.

HCM City is striving to stop the production and import of single-use plastic products, non-biodegradable plastic bags and microplastic items to lower plastic waste pollution and treatment costs.

Tax deferral policies are giving significant support to enterprises to overcome difficulties and recover production and business in the post-pandemic period, experts have said.

VNDirect Securities Corporation (HoSE: VND) is now the only securities firm in the billion-dollar market capitalisation club.

Toyota Motor Vietnam and the Department of Industry have signed a Memorandum of Understanding for a project to enhance the domestic enterprises' supporting industry.

Vietnamese shares jumped on Thursday following the rise of a series of industry groups, with indices gaining right from the beginning of the session, bolstered by multiple large-cap stocks.

The Ministry of Finance (MoF) proposal to extend the deadline for excise tax payment for locally manufactured and assemble cars will help businesses get more financial resources and restore their production, according to Đinh Trọng Thịnh a senior lecturer at the Finance Institute.

While Việt Nam plans a 7,000MW of offshore wind power by 2030, most of wind farm investors shared their concern about the bidding mechanism for the industry in a recent energy workshop in Hà Nội.