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Category Archives: Business

Banking sector to enjoy strong 2018: experts

Experts discuss investment opportunities in Vietnamese banking stocks at Fiinpro Talk 6 in HCM City on April 19. — Photo Stoxplus Viet Nam News HCM CITY – The banking sector will enjoy another strong year in 2018, experts told a seminar in HCM City on Thursday. Speaking at Fiinpro Talk 6 on “Vietnamese banking stocks: ... Read More »

VN stocks soar on bargain hunting

Stock trading at BIDV Securities Company. — Photo Viet Nam News HÀ NỘI — Vietnamese shares gained strongly after a sharp decline the previous day switched on bargain-hunting mode among investors, lifting almost 20 sectors on the market. The benchmark VN Index rose 2.30 per cent, or 25.23 points, to end Friday at 1,119.86 points. It had fallen total ... Read More »

Reforms should ease credit access

Micro, small and medium enterprises businesses are defined as the engines of growth and innovation in the APEC region, alongside the two important areas of agriculture and innovative startups. — Photo Viet Nam News HÀ NỘI – More efforts should be made to boost administrative reform in the banking system to further facilitate access to credit for micro, small ... Read More »

VN business environment requires further improvement: seminar

Businesspeople complete procedures at the City Department of Planning and Investment. — VNS File Photo. Viet Nam News HCM CITY — Ways to improve Việt Nam’s business environment and competitiveness were discussed at a seminar in HCM City on April 19. Đậu Anh Tuấn, head of the Việt Nam Chamber of Commerce and Industry (VCCI)’s legal department, said business licensing procedures ... Read More »

Talanx AG seeks controlling stake in PVI

Deputy PM Vương Đình Huệ receives Vice President of Talanx AG Group Christian Hinch in Hà Nội on Thursday. — VNA/VNS Photo Thành Chung Viet Nam News HÀ NỘI — Vice President of Talanx AG Group Christian Hinch has proposed to the Vietnamese Government to raise the ownership ratio of foreign investors at PetroVietnam Insurance (PVI) to 49 per cent. ... Read More »

VN-Index drops 43.9 points due to selling pressure

Panic and selling pressure embraced the whole stock market on April 19, pushing the VN-Index down to 1,094.63 points, a fall of 43.9 points as compared to the previous day. Indications slumped in both Hanoi and Ho Chi Minh Stock Exchanges, with total transaction value reaching 8.22 trillion VND (362.2 million USD). The sharpest drop was seen in the prices ... Read More »

Economy lacks capital, even as treasury deposits remain high

VietNamNet Bridge – While the state treasury has plenty of money, the national economy still thirsts for capital.  The government bond interest rate has dropped to a 10-year low, which is a worrying sign, according to deputy director of the State Bank’s Monetary Policy Department Nguyen Tu Anh, who spoke to Dau Tu. According to Anh, commercial banks are seeking ... Read More »

HCMC sees 10,000 apartments for sale in Q2

Mid-range apartments will remain dominant in the market. The supply of townhouses and villas shows signs of decline. — Photo Viet Nam News HÀ NỘI — The real estate market in HCMCity will continue to grow in the second quarter of this year, with particularly strong supply of apartments as about 10,000 apartments are open for sale. The growth ... Read More »

Hà Nội targets US$12.7 billion in export turnover

The yarn production line of Đồng Phát JSC in Thạch Thất Industrial Zone, Hà Nội. — VNA/VNS Photo Danh Lam Viet Nam News HÀ NỘI — Hà Nội targets an export growth of 7.5 to 8 per cent in 2018 compared to the previous year, reaching some US$12.7 billion in total export turnover. This is a part of the city’s plan ... Read More »