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PV Gas posts higher-than-expected H1 results

In the latter half of this year, GAS expected global oil prices to remain high compared to its plan, which will support the company’s main business. — Photo ven.vn Viet Nam News HÀ NỘI — PV Gas reported better-than-expected business results for the first six months of the year. Total revenue reached over VNĐ37 trillion ... Read More »

Jardine Cycle & Carriage registers to acquire additional shares of Vinamilk

Jardine Cycle & Carriage Limited Group is expecting to spend around VND2.4 trillion ($105.7 million) to become the largest shareholder of Vietnam Dairy Product JSC (Vinamilk – code: VNM), while F&N Dairy Investments continues to register an additional ten million shares of Vinamilk. Foreign fund Platinum Victory recently announced it has successfully acquired over 129,000 VNM shares, raising its ownership ... Read More »

BUSINESS NEWS IN BRIEF 20/7

PM calls for more measures to reduce logistics costs Prime Minister Nguyen Xuan Phuc has signed a directive on reducing logistics costs and connect the transport infrastructure system. The directive noted that the Government leader approved an action plan to increase competitiveness and develop logistics services in Vietnam until 2025 on February 14, 2017. After more than a year of ... Read More »

SMEs upbeat on export prospects

Up to 57 percent of surveyed small- and medium-sized enterprises (SMEs) in Vietnam believe they will continue to enjoy growing export, according to a research recently conducted by market research company Harris Interactive on behalf of FedEx Express. Up to 57 percent of surveyed small- and medium-sized enterprises (SMEs) in Vietnam believe they will continue to enjoy growing export. Entitled ... Read More »

Transfer pricing remains an issue

Việt Nam’s laws about transfer pricing remain inconsistent and have many loopholes, causing great loss of State revenue, speakers said on July 19 at a meeting held in Hà Nội.— Photo qdnd.vn HCM CITY — Việt Nam’s laws about transfer pricing remain inconsistent and have many loopholes, causing great loss of State revenue, speakers said on July 19 at a ... Read More »

Rice export sees huge opportunities from traditional markets

Vietnam’s rice export has posted remarkable figures in the first half of 2018, and the sector expects business to get better in the remaining months of the year as the country’s traditional rice markets are increasing import.  The latest statistics from the Ministry of Industry and Trade (MoIT) show that Vietnam exported 3.6 million tonnes of rice, earning 1.83 billion ... Read More »

Vietnam advised to apply flexible policies on exchange rate

The US-China trade war and the fall in the Chinese Yuan post big impacts for the world economy, including Vietnam. Some experts have said Vietnam should employ flexible exchange rate policies in response. A recent report from the Vietnam Institute for Economic and Policy Research (VERP) under the Hanoi National University noted that the US and China are two trade ... Read More »

Banks required to control lending

Commercial banks are required to control their credit growth. — Photo vov.org.vn Viet Nam News HÀ NỘI — The State Bank of Việt Nam (SBV) has required commercial banks to control their credit growth in line with their capital mobilisation ability and credit growth limits set by SBV. Under a document issued on Tuesday, SBV said the control is aimed ... Read More »