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HNX raises over $115 mln in sold-out auctions of SOE stakes

 Some 28 of 34 auctions conducted by the Hanoi Stock Exchange (HNX) in 2017 sold out shares offered by state-owned enterprises (SOEs), raising over 2.63 trillion VND (115.72 million USD) for the State.

Int’l media praise Vietnam’s 2017 economic achievements

 International media have run articles highlighting that the year 2017 marked Vietnam’s rapid economic growth.

Hanoi district head missing, police searching

The Hanoi criminal police division yesterday requested collaboration from organisations and citizens in the search for Nguyen Hong Lam, chairman of the People’s Committee of Quoc Oai District.

Heavy penalties imposed on people hiring child labour

 People employing under-16-year-old workers can receive an administrative fine or up to 12 years’ imprisonment depending on the level of violations.

HCM City exports fetch $35 billion in 2017

 HCM City’s export revenue reached an estimated 35.55 billion USD last year, a year-on-year increase of 16.1 percent, according to the city Department of Industry and Trade.

Vietnam gains record in seafood export value in 2017

 Vietnam gained its highest ever seafood export value of 8.32 billion USD in 2017, a year-on-year increase of 18 percent, according to the Ministry of Agriculture and Rural Development.

Smuggling cases down in number, up in value in 2017

 Smuggling cases found in 2017 were down in number but up in value, said Deputy Director of the General Department of Customs’ Anti-Smuggling Department Nguyen Khanh Quang during a press conference recently held in Hanoi. 

PM asks new PetroVietnam chief to handle loss-making projects

 Prime Minister Nguyen Xuan Phuc handed over the decision on the appointment of new Chairman of the Member Council of PetroVietnam to Tran Sy Thanh, former Secretary of the Lang Son province Party Committee. 

HCM City sets up groups to inspect food safety

 The Food Safety Management Board of Ho Chi Minh City has established 12 groups to inspect food safety during the Lunar New Year and Spring Festival 2018 across the city.

Dinh La Thang prosecuted for unlawful PVN capital contribution to OceanBank

 The Supreme People’s Procuracy has issued an indictment for its prosecution of Dinh La Thang and six accomplices accused of causing losses of 800 billion VND (35.2 million USD) of PetroVietnam as capital contribution to OceanBank.

Genco 3 confirms sale of 267 million shares in February 2018

 The Power Generation Corporation 3 (Genco 3) will put more than 267 million shares, accounting for 12.8 percent of its charter capital, up for sale in its initial public offering (IPO) in February 2018.

Foreign investment funds making huge profits in Vietnam

Some foreign funds are leaving Vietnam after making huge profits from their investment deals, while others are entering the country to seek new opportunities.

Vietnam’s aquatic export forecast to top $8.5 bln in 2018

 Vietnam’s export of aquatic products is forecast to top 8.5 billion USD in 2018, up nearly 3 percent from 2017, according to the Vietnam Association of Seafood Exporters and Processors (VASEP). 

HCM City announces 10 outstanding events in 2017

 The Ho Chi Minh City People’s Committee on December 29 announced the city’s top ten events in 2017 as follow:

2017 plagued by devestating natural disasters

 Vietnam experienced unprecedentedly severe natural disasters in 2017, resulting in 386 people dead and missing and some 60,000 billion VND (2.6 billion USD) worth of damage.

EVN to pay tax arrears of $85 million

 The Ministry of Finance (MoF) is demanding more than 1.9 trillion VND (85 million USD) in tax arrears from the Electricity of Vietnam (EVN) after uncovering that the group had failed to declare its costs accurately.

Six high-quality trains to operate on North-South route

 The Vietnam Railways Corporation (VNR) is set to put six new passenger trains into operation on the North-South route on January 10, 2018, in an effort to improve service quality.

Production of Vietnam’s first foot-and-mouth vaccines to start in Q2

 The Ministry of Agriculture and Rural Development expects the mass production of the first made-in-Vietnam vaccines against foot-and-mouth disease will start in the second quarter of 2018.

HDBank to list on HCM stock market this week

 The shares of HDBank will list on the HCM City Stock Exchange (HoSE) on January 5, making it the first bank to go public in 2018.

Retail sales and services reach almost $175 billion

 The total revenue from retail sales and services reached 3.93 quadrillion VND (174.85 billion USD) in 2017, surging 10.9 percent year-on-year, according to the General Statistics Office (GSO).