Online gambling ring trial set for November

The People’s Court  of the northern province of Phú Thọ announced on October 29 that it would be holding the first instance trial on November 12 for 92 people accused of involvement in a major online gambling ring.

More banks to repurchase bad debts from VAMC

After a period of actively selling non-performing loans to the Việt Nam Asset Management Company (VAMC), banks are buying back the debts from the VAMC to self-handle.

GTNFoods acquires Vilico for $58.3 million

GTNFoods Joint Stock Company (GTNFoods) has acquired 65 per cent stake in Việt Nam Livestock Corporation Joint Stock Company (Vilico) for VNĐ1.33 trillion (US$58.33 million).

Nghệ An Hospital construction starts

The ground-breaking ceremony for the second-phase construction of Nghệ An Friendship General Hospital was held on Sunday by the provincial people’s committee and the Technical Construction and Building Materials Joint-Stock Company.

Masan Food gets a Cholimex snub Nearly 70 per cent of Cholimex Food's shareholders voted against seating a representative from Masan Food onto the company's board of directors, Cholimex announced on its website on Tuesday.

SMEs may get $58 million in aid About US$58.3 million will be spent supporting small-and medium-sized enterprises (SMEs) between 2011-15, according to a plan expected to get Prime Minister Nguyen Tan Dung's approval later this month.

$58.3m earmarked to support SMEs Some US$58.3 million will be spent supporting small-and medium-sized enterprises (SMEs) between 2011-15, according to a plan expected to get Prime Minister Nguyen Tan Dung's approval later this month.

Shares bounce back on exchanges Shares gained on both of the nation's stock exchanges yesterday.

FPT nears foreign ownership ceiling Software giant FPT has nearly reached its limit of foreign ownership following heavy buys of its shares by foreign investors over the past month.

Rally takes investors by surprise The VN-Index ended its downward spiral yesterday, gaining 1.17 per cent to close at 396.05 points. Of the 284 codes listed on the HCM Stock Exchange, 211 managed gains and nearly half of those hit their ceiling prices.