Việt Nam News

HCM City will continue to speed up equitisation of State-owned enterprises to enable more reputed companies to list on the stock exchange, and create the most favourable conditions for investors, its chairman has said.

Company commitments to bond guarantees carry the risk of being declared null and void by law, with bondholders bearing full brunt of bond default.

Steel maker Hòa Phát Group announced that its subsidiary Hòa Phát Dung Quất Steel Joint Stock Company has signed a contract to export the first batch of 35,000 tonnes of hot rolled coil (HRC) steel to Italy.

Vietnamese shares rose on Tuesday, bolstered by market heavyweights as demand force increased significantly towards the closing minutes of trading, especially in steel and banking group.

PetroVietnam Gas Trading Co (PVGAS Trading) on February 7 completed the pipe connection, importing the first ship of refrigerated LPG for floating storage on the first working day after the Tết (Lunar New Year) holiday.

In the past two years, the impact of COVID-19 has hit listed tourism companies’ activities hard, leading to persistent losses and some stocks being given a warning status, and even risk being delisted. However as many businesses turn to restructuring operations, their results have become more positive. 

The Cửu Long (Mekong) Delta province of Vĩnh Long targets resumption of all business activities this year, according to its authorities.

The local salt industry must understand the needs of the market, develop standards and guidelines for farmers, and reorganise production, said Lê Đức Thịnh, director of the Department of Cooperatives and Rural Development under the Ministry of Agriculture and Rural Development (MARD).

The essence of the problem is not how long the holiday is but a solution to increase productivity, and thinking of "long break", "spring play" which only exists in backward agricultural production should be eliminated.

Hoa Sen Group has reported an after-tax profit of VNĐ638 billion (US$28.2 million) in the first three months of its financial year 2021-22 starting from October, increasing 12 per cent from the same period last year.

The COVID-19 pandemic, which has touched every aspect of society, has failed to cool down the startup and innovation spirit but, on the contrary, created major influence, contributing to economic development and recovery, according to insiders.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index climbed 18.7 points, or 1.26 per cent, to 1,497.66 points, heading toward the 1,500 point-level. 

The first locally-made Xelex tablets have rolled off the production lines of the Trung Nam Electronic Manufacturing Services in Đà Nẵng's IT Park, just two months after an agreement for the production of 100,000 tablets between Trung Nam Group and Xelex Corporation was signed. 

HCM City received a record US$7.1 billion worth of remittances last year, a 16 per cent increase from 2020 and accounting for more than half of the country’s total remittances, according to the State Bank of Việt Nam.

Việt Nam’s fruit container trucks have been allowed custom clearance through China earlier than expected despite China's original plan to cease custom clearance for a week for the Lunar New Year holiday.

Analysts said demand for clothes has fallen sharply all over the world this year due to the pandemic and Việt Nam is no exception.

After Lunar New Year, Hồ Chí Minh City alone is expected to need about 45,000 skilled workers. The city and businesses are currently preparing scenarios to retain workers after the long holiday.

The market resumes after a week off due to the Lunar New Year festival. Historical statistics suggest that the market is likely to be positive after the holiday.