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HDBank debuts in HOSE, gets into Top 20 heavyweights

 The Ho Chi Minh City Development Bank, or HDBank, debuted on the Ho Chi Minh Stock Exchange (HOSE) on January 5, offering about 981 million shares at the reference price of 33,000 VND (1.45 USD) each.

Impressive achievements in Vietnam’s exports in 2017

 Vietnam’s exports in 2017 were fruitful despite many difficulties caused by natural disasters and import markets. The Ministry of Industry and Trade predicts that Vietnam will earn US$200 billion from exports this year.

Foreign investors covet food market

VietNamNet Bridge - The growth of the Vietnamese food market has made it a magnet for foreign companies. 

Vietnam advances weather forecasting via int’l cooperation

2017 was an eventful year for international cooperation at the National Centre for Hydro-meteorological Forecasting, helping the centre improve its severe weather forecasting capacity.

VNPT’s restructuring plan get green light

 Deputy Prime Minister Vuong Dinh Hue has approved the Vietnam Posts and Telecommunications Group (VNPT)’s restructuring plan for 2018-2020.

Cashew exports hit record high of over $3.5 billion

The export turnover of 353,000 tonnes of cashew in 2017 touched 3.52 billion USD, the highest level ever recorded, according to the Ministry of Agriculture and Rural Development.

Vietnam government seeks to cut half of business rules in 2018

 The government will strive to reduce and simplify half its of current existing conditional business requirements in 2018 in an effort to improve Vietnam’s business climate to boost growth.

Vietnamese spend $354m on snacks

Vietnamese people spend USD354m on snacks in 2017, according to the market research company Statista.   

PM questions suspension of $120-million soda plant

 Prime Minister Nguyen Xuan Phuc has requested Quang Nam Province’s authorities to provide a report on a local $120-million soda plant which has been halted just some months after becoming operational.

PM assigns socio-economic development targets to ministries

 Prime Minister Nguyen Xuan Phuc has recently assigned socio-economic development targets to the ministries of Planning and Investment, Agriculture and Rural Development, Industry and Trade, Public Health, and Labour, Invalids and Social Affairs. 

Pay back taxes, court tells Uber

 The HCM City People’s Court has dismissed a suit by the Dutch-based ride-hailing company Uber International Services Holding against the city tax department seeking remedy against a claim for back taxes.

Vinafood 2 to offer 25% stake to strategic investors

 Deputy Prime Minister Vuong Dinh Hue has approved the equitisation plan of Viet Nam Southern Food Corporation (Vinafood 2).

Central bank injects US$792 million to support market

 State Bank of Viet Nam (SBV) made a net cash injection of VND18 trillion (US$792 million) into the economy in the past week.

Ministry to promote competitiveness of local firms

 The Ministry of Industry and Trade (MoIT) will enhance trade promotion programmes and give more support to businesses to increase their competitiveness in the local market in 2018.

Tennis ace Ly Hoang Nam in semis of Hong Kong tournament

 Viet Nam’s Ly Hoang Nam defeated No 3 seed Reboul Fabien of France in the quarterfinals of the Hong Kong F6 Futures tournament yesterday.

Arnold becomes Vietnamese resident

 Following the completion of legal procedures, American David Harrison Arnold of Saigon Heat has become a resident of Viet Nam and will now be classified as a local player in the team at the ongoing ASEAN Basketball League (ABL) 2018.

Vietnamese striker Khoi to play for South Korean club

 Former striker of the national U22 and U23 teams, Nguyen Huu Khoi, signed a one-year contract with South Korean K3 League team Siheung City FC on Thursday.

Persons in custody allowed to use scriptures, express religious belief

 People in temporary custody or detention are now allowed to read scriptures and express their religious beliefs, according to a decree recently issued by the Government.

21 arrested in poker ring bust in HCM City

 Police of the southern city have uncovered a major illegal poker ring, involving wealthy players, taking place in an upscale apartment in Binh Thanh District in HCM City.

Working group, more policies in HCM City to give industry a boost

 HCM City has agreed to set up a working group to help investors navigate regulations and tweak policies where needed as part of efforts to ensure it can achieve the industrial growth target of 7.8 – 8.2 per cent this year.