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Vietnam stock market bounces back, more gains predicted: VinaCapital

Vietnam’s stock market is still cheap at 11.5 times forward P/E and expectations of EPS growth of over 20 per cent this year compared to an average P/E of 16.2 for its emerging market ASEAN peers.

From bean to cup, Vietnamese coffee is on the up

The first coffee beans were imported into Vietnam in the 19th century by French colonialists, who realised that the climate of the central highlands was perfect for growing the popular drink.

Nearly $430 million needed for Can Tho-Hau Giang section of North-South Expressway

A proposal has been sent to the Ministry of Transport asking for evaluation of a feasibility report on the construction of the Can Tho – Hau Giang section as part of the eastern route of the North-South Expressway.

Vietnam to grant FLEGT licence to wood exports in 2025

Vietnam is set to grant a licence under the Voluntary Partnership Agreement/FAO-EU Forest Law Enforcement, Governance and Trade (FLEGT) Programme to wood exports in 2025, after it completes preparing necessary conditions.

Legal proceedings launched against seven Mongolian nationals for stealing property

Legal proceedings have been initiated against seven Mongolian nationals involved in a theft of property worth nearly 1.2 billion VND ( about 51,800 USD).

Capella Hanoi among top 100 best new hotels in the world

Capella Hanoi, located in the heart of Hanoi’s Old Quarter, has been listed among top 100 best new hotels in the world as complied by prestige US magazine Travel + Leisure.

Increasing oil prices setting back gas-related ventures

Continuing global conflicts and price rises of various commodities are undermining the development and exploitation of oil and gas fields in Vietnam, and collaborations may continue to struggle if inflation pressures persist.

Plans accelerated to boost investment in agriculture

In a bid to fuel agricultural investment which remains negligible in Vietnam, the government is expected to devise new incentives and boost reform of administrative procedures in favour of foreign investors.

When ministers deviate from standards

The prosecution of senior officials could lead to a short-term personnel crisis.

Hospitals, patients struggle with medical supply shortage

Many hospitals are seeing a shortage of medical supplies shortage, due to the growing reluctance to organise procurement bidding that stems from recent major violation cases.

“Price storm” forces workers to tighten their belts

The petrol price hike has led to price escalations of major goods and services, forcing low-income earners to tighten their belts.

Discovering Tien Canh Cave in Lao Cai

Located among the rolling mountains of Bao Yen District, Tien Canh Cave is a jewel of Lao Cai Province.

Petrol price hits record high, NA seeks to support low-income earners

The National Assembly seeks to strictly handle goods speculation, hoarding and unreasonable price hikes, as well as solutions to support low-income earners and disadvantaged people.

Uncertainty lingers on with global oil and gas investment

With a global oil price reaching eye-watering levels, much of Vietnam’s oil and gas potential depends on new-found investments in exploration technology, thus helping boost the country’s state budget.

Vietnam to increase petroleum reserves by 4 times

As the State’s resources are limited, the increase in the national petroleum reserves will be implemented under a roadmap from now to 2025.

VIETNAM NEWS HEADLINES JUNE 17

Weightlifter Le Van Cong wins silver at Pyeongtaek 2022 Asia Oceania Open Championships

Finance Ministry moves to deal with petrol price hikes

After the proposal to cut the petrol price stabilisation fund and import tax, the Ministry of Finance (MoF) has announced plans to cut the environmental tax on fuel.

VIETNAM BUSINESS NEWS JUNE 17

Vietnamese lychees aim to go global

Nha Trang scrambles to save coral reefs from bleaching

Saving the coral reefs in Nha Trang Bay Marine Protected Area from massive bleaching is a priority that requires a long-term, scientific and sustainable strategy, scientists and oceanographers have said.

Cashless streets launched in Da Nang

Two cashless streets were launched in Da Nang City yesterday, June 16, to create a convenient shopping experience for residents and tourists, said a local official.