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Shares close in red on selling pressure

 Shares closed the June 21 session in the red on both local stock exchanges as the selling pressure had been dominating since the beginning of morning session, despite the positive performance recorded on the previous day.

Vietnam eyes three gold medals at 2018 Asian Games

 Vietnam aims to obtain at least three gold medals at the upcoming 2018 Asian Games (ASIAD 2018), said deputy head of the Vietnam Sports Administration Tran Duc Phan.

Hanoi: military officer impostor prosecuted

 The Hanoi Police on June 21 announced results of the preliminary investigation into a case involving a ring pretending to be military officers to swindle and appropriate other people’s assets. 

Social News 21/6

 European countries implement climate change projects in Mekong Delta, Thai Nguyen: Song Cong city recognised as new-style rural area, Ways sought to improve communications management in Industry 4.0

CGV Vietnam to go public on Korean bourse

 The Vietnamese arm of South Korea’s largest multiplex cinema CJ CGV plans to make an initial public offering (IPO) on the Korean stock exchange.

VN Government to divest 80mn shares of Viglacera

 The Government will sell 80.6 million shares of Viglacera Corporation, listed as VGC, from June 27 to July 21, reducing State ownership in the firm to 36 per cent.

Vietcombank adjusts transaction limits on mobile banking

 The Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) has announced the adjustment of transaction limits on its online service VCB-Mobile B@nking starting June 19.

Hanoians struggle in new heat wave with temperatures close to 40oC

 People living in Hanoi are struggling with their daily activities as a new heat wave with temperatures approaching 40C has hit northern Vietnam and is forecast to last for more than a week.

Local retailers to remain on top

 Domestic retailers will continue to lead the market in the coming years, experts have said.

PV Gas to import natural gas

PetroVietnam Gas Joint Stock Corporation (PV Gas) has said it will build more pipelines and seaport infrastructure to import natural gas given forecasts its gas output will fall in the next decade.

Press urged to actively refute false information on social networks

PM Nguyen Xuan Phuc has asked the press to refute false information on social networks in a public and timely fashion, contributing to solidifying the trust among the people, the business community, and investors, both at home and abroad.

Major corruption cases handled strictly in first half

 Many major corruption cases were handled swiftly and strictly in the first half of 2018, winning the support of the public, heard a press conference held by the Supreme People’s Court in Hanoi on June 20.

HCMC youths dream of establishing 1,001 libraries for remote areas

 A group of young people in HCM City has begun a project to set up 1,001 libraries for children in remote areas.

Hanoi trades land for road

 The government of Hanoi City plans to provide 39.8 hectares of land in Nam Tu Liem District in exchange for the construction of a 2.8-kilometer road, news website VnEconomy reported.

Customs gets tough on waste imports

 The General Department of Vietnam Customs has ordered customs agencies in cities and provinces to place tighter controls on waste imports into Vietnam, Thanh Nien newspaper reported.

Muay Thai fight night to start in HCM City

 The Muay Thai (Thai boxing) Fight Night is scheduled to take place at Riverside Palace in HCM City on June 22.

Private firms show weak competitiveness

 More private companies have shown poor competitiveness though Vietnam is intensifying its global economic integration, the 2018 Vietnam Business Development Forum heard in the capital city of Hanoi on June 19.

Security situation of HCM City in control

 The situation of security and order in HCMC was in control, the city police reported yesterday.

Local banks prepare for Fed’s rate hike

Following the U.S. Federal Reserve’s (Fed) short-term interest rate hike and possibly many more hikes this year and the next, Vietnamese banks have announced that they are always ready to cope with any monetary tightening stateside.

HCM City to begin e-toll collection in July

An Suong-An Lac Station in Binh Tan District will begin electronic toll collection in July.