Việt Nam News

The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) on Wednesday completed settling a total of VNĐ3 trillion (US$129.7 million) worth of bonds sold to the Vietnam Asset Management Company (VAMC).

Despite lowering the economic growth forecast of Asia, the Asian Development Bank (ADB) revised the Vietnamese GDP growth forecast from 6.8 per cent to 6.9 per cent for 2019 and from 6.7 per cent to 6.8 per cent for 2020.

Shares bounced back on Wednesday as cash flow poured into large-cap stocks, pushing up indices.

Hà Nội’s authorities are working with local businesses to make sure shelves don’t run dry during Tết.

Navigos Group, the HR service provider in Việt Nam, has become a strategic investor with a majority holding in Kyna.vn which is an online learning platform for adults and Kynabiz.vn which is one-stop e-learning solutions for business, a subsidiary powered by Dream Viet Education, according to a company press release released yesterday (Dec 25).

Interest rates in the inter-bank market are declining in contrast to previous years when the rate often increased significantly due to rising capital demand at year-end.

The Department of Industry and Trade of Bình Phước Province opened its agricultural product trading floor on December 24.

Đa market, the first Cambodia – Việt Nam model border market is expected to boost cross-border trade and leverage economic cooperation between the two countries.

The Cửu Long Delta Rice Research Institute and agricultural company Lộc trời Group on December 24 signed a five-year agreement to jointly develop new rice varieties.

The Refrigeration Electrical Engineering Corporation (REE) has asked to increase its stake at Vĩnh Sơn Sông Hinh Hydropower JSC to more than 50 per cent of the latter’s capital.

The EU-Việt Nam Free Trade Agreement (EVFTA) will boost the demand for logistics services and significantly impact on the Việt Nam's logistics industry.

Việt Nam is planning to launch a VNĐ136 billion (US$5.8 million) trade promotion programme in 2020, focusing on expanding key markets and enabling Vietnamese firms to join global value chains.

The personal care sector has enjoyed strong growth of 7 per cent a year on average, higher than the fast moving consumers goods (FMCG) market, thanks to the skincare and make-up segment, according to a study by global data and consulting company Kantar Worldpanel.

HCM City will prioritise investment in road infrastructure if it receives permission to raise the budget revenue-retention ratio, according to HCM City Party Committee Secretary Nguyễn Thiện Nhân.

On the occasion of Tết (Lunar New Year) holiday, which will fall on January 25, businesses in HCM City will provide consumers with many specialty products such as herbal chicken, herbal pork, and Bánh Chưng cake with multiple fillers.

Bilateral trade between Việt Nam and South Korea is well on track to reach US$200 billion in 2020, said Kim Dong Bae, minister counsellor at the Republic of Korea’s Embassy in Việt Nam.

Capital difficulties are putting pressure on some banks struggling to meet the central bank’s Basel II deadline of early next year, but experts suggest the central bank should not delay the process.

The VN-Index failed to maintain its rally on Tuesday due to the absence of supporting information at the end of the year.