Vietnam reaking news

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Publish list of unlisted, equitised SOEs: Deputy PM

 Deputy Prime Minister Vuong Dinh Hue has ordered all relevant agencies to publicise the list of equitised State-owned enterprises (SOEs) not listed on the stock market as of December 31, 2016.

Lack of info to keep stocks quiet

 Viet Nam’s stock market outlook will likely remain negative this week as a lack of supporting business information and potential global risks drive investor confidence down, according to analysts.

Sharp rise in Q1 fertiliser imports

Vietnam spent US$338 million to import 1.22 million tonnes of fertiliser in the first quarter of this year, up 31.5 per cent in volume and around 24 per cent in value compared to the same period last year.

Dong A Bank ex-deputy general prosecuted

The Investigationg Police Bureau on Economic and Corruption-related Crimes has decided to detain and initiate criminal proceedings against Nguyen Thi Kim Xuyen, Dong A Joint Stock Commercial Bank former deputy general director.

11 tourism startups qualify for MIST startup accelerator

 Eleven innovative tourism startups from Viet Nam have qualified for the Mekong Innovative Startup Tourism (MIST) Startup Accelerator programme.

Export – core factor for economic growth

 Exports will be one of the key factors to help Vietnam achieve an economic growth rate of 6.7 percent in 2017, but the sector still faces many challenges, according to the Market Intello research company.

Higher housing sales volumes forecast in Q2

 The real estate market will welcome many new launches in the second quarter of 2017 and sales volumes will be higher than the last quarter, according to the Vietnam National Real Estate Association.

Clearer guidance needed for support industry tax incentive policy

The government has released a series of incentives and policies in recent years to boost Vietnam’s support industry (SI), but improvements are yet to be fully seen.

Foreign capital eyeing Vietnamese fintech

 Foreign investment funds have expressed renewed interested in Vietnamese financial technology startups, despite a series of challenging setbacks that occurred in previous e-commerce deals.

Farm economy grows fast in Vietnam

 Farm economy grows fast in Vietnam

Petrolimex begins trading on HCMC Stock Exchange

 The Vietnam National Petroleum Group (Petrolimex) began trading on the Ho Chi Minh Stock Exchange (HoSE) on April 21 with shares, coded PLX, starting at 43,200 VND (1.9 USD).

Saigon Commercial Bank to sell 50% or more to foreign partners

 The Saigon Commercial Joint Stock Bank (SCB) is negotiating with foreign partners to sell a stake in excess of 50 per cent.

DHG Pharma raises foreign ownership limit to 49%

The Duoc Hau Giang Pharmaceutical JSC (DHG) approved increasing its foreign ownership limit to 49 per cent at the company’s annual general meeting on April 18. 

Vietnam Airlines completing petition for direct flight to US

 Civil Aviation Authority of Vietnam (CAAV) and national carrier Vietnam Airlines (VNA) are completing the necessary procedures to open direct air routes to the United States in 2018.

ANZ Vietnam sells its retail arm to Shinhan Vietnam

 ANZ Vietnam will be offloading its retail banking arm to Shinhan Vietnam by the end of 2017, to focus primarily on its institutional banking in the country, ANZ Vietnam said in its latest press release.

Petrolimex’s stocks long-term appeal unclear

With the listed price of VND43,200 ($1.9) per share, Petrolimex’s market capitalisation stands at $2.46 billion, making it the ninth largest Vietnamese enterprise in this respect on the stock market. 

Vietnam leads Asia for growth in convenience store

 Viet Nam is forecast to be the fastest growing convenience store market in Asia by 2021, according to new data released by international grocery research organisation the Institute of Grocery Distribution (IGD).

Bankrupt creditors may be aided to refund customers

 To-be-bankrupt financial and credit institutions may have to refund their individual customers using support loans from the State Bank of Viet Nam (SBV) and other financial firms.

Agriculture Ministry to check tra exports to US

 Viet Nam will inspect a sample from every batch of tra fish exported to the US to check them for food safety, according to a new ministerial decision.

Textile and garment see resurgence of capital flows

 After a period of stagnation, capital inflows into the textile and garment industry have started pouring back, continuing to expand existing projects, with a focus on deeper exploitation of existing export markets.