Circular No.: 16/2018/TT-NHNN dated July 31, 2018 of the State Bank of Vietnam amending and supplementing certain articles of Circular No. 36/2014/TT-NHNN dated November 20, 2014 of the Governor of the State Bank of Vietnam providing for prudential ratios and limmits for operations of credit institutions and foreign bank branches (Wednesday, August 15,2018)
Decision No.910/QD-TTg dated July 25, 2018 of the Prime Minister approving planning on exploration, extraction, processing and use of Vietnam’s gold, copper, nickel and molydenum ores and minerals up to 2025, with visions towards 2035 (Wednesday, August 15,2018)
Decree No. 100/2018/ND-CP dated July 16, 2018 of the Government amending and annulling some regulations on necessary business conditions in fields under the management of the Ministry of Construction. (Wednesday, August 8,2018)
Decree No.: 95/2018/ND-CP dated June 30, 2018 of the Government providing for issuance, registration, depositing, listing and trading of Government debt instruments on securities market (Wednesday, August 8,2018)
Sendo raises US$51 million in Series B funding (Sunday, August 19,2018)
Sen Do Technology JSC, the operator of Vietnamese customer-to-customer marketplace Sendo, has announced that it has secured an investment of $51 million in Series B funding led by the SBI Group from Japan, with SoftBank Ventures Korea, Daiwa PI Partners, and SKS Ventures as new investors.
Vietnam Airlines’ pre-tax profit surges 87% in six months (Saturday, August 18,2018)
Vietnam Airlines recorded a dramatic year-on-year rise of 87% in its pre-tax profit in the first half of 2018, approximating VND1.92 trillion (US$82.8 million) and double its target.
Merger of two biggest fertiliser firms considered (Friday, August 17,2018)
PetroVietnam is laying out plans to divest capital from the two biggest Vietnamese fertiliser companies – PetroVietnam Fertiliser & Chemicals Corp (DPM) and PetroVietnam Ca Mau Fertiliser Joint Stock Company (DCM) – to submit to authorities for consideration.
LienVietPostBank downgrades many business targets (Friday, August 17,2018)
The Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) has revised down many business targets for 2018, citing different reasons for this decision.
Alpha King selects Savills as exclusive leasing agent (Thursday, August 16,2018)
Savills Vietnam and Alpha King Real Estate Development (Alpha King) signed a strategic partnership agreement on August 13, under which Savills is appointed as the exclusive leasing agent for Alpha Town and Alpha Mall in HCMC, the first collaboration between the two companies.
Farm deal signals co-operation among VN firms (Thursday, August 16,2018)
The latest co-operative agreement between farming and agricultural firm Hoang Anh Gia Lai (HAGL) and Truong Hai Auto Corporation (Thaco) has suggested that Vietnamese firms are willing to work together to improve their competitiveness as pressure from foreign businesses mounts.
Vinfast, Siemens sign deals for electric bus manufacturing (Wednesday, August 15,2018)
Vinfast Manufacturing and Trading Company Limited, a subsidiary of Vingroup, has signed two contracts on the supply of technology and spare parts for the manufacture of electric buses with Siemens Vietnam Company.
Ninja Van offers free 5-day logistics services in 4 cities (Wednesday, August 15,2018)
Ninja Van, a Singapore-based logistics company, on Tuesday, August 14, launched free delivery services for a limited period of five days in four cities---HCMC, Hanoi, Thu Dau Mot in Binh Duong Province and Bien Hoa in Dong Nai Province.
Vietnam Airlines includes fresh longan on flights (Wednesday, August 15,2018)
Fresh longan from Hung Yen Province will be served to business-class passengers on Vietnam Airlines’ domestic and international flights departing from Ha Noi and HCM City to destinations in Asia, Australia and Europe.
Australian businesses eye Bac Giang investment egg (Tuesday, August 14,2018)
A delegation of two Australian businesses, HunterNet and Green Agri, worked with the leaders of Bac Giang province People’s Committee on August 13 to conduct a preparatory survey on the building of a poultry processing factory and cooperating in production activities and farm produce sales in the locality.
Vietnam Airlines team up with Can Tho to develop aviation logistics (Tuesday, August 14,2018)
The People’s Committee of Can Tho city and national flag carrier Vietnam Airlines on August 10 signed an agreement to implement an aviation logistics centre project in the Mekong Delta city.
FPT launches grand opening of university, software park complex in Can Tho (Tuesday, August 14,2018)
FPT Corporation held a grand opening for the first phase of FPT University campus and FPT Software Park Complex in Can Tho City on Friday, August 10, to ensure a supply of high-qualified manpower in the Mekong Delta region.
Vinamilk to spend $170m on Can Tho hi-tech farm (Monday, August 13,2018)
Vinamilk, Viet Nam’s largest dairy producer, will splash out some VND4 trillion (US$171.3 million) to develop a 6,000-ha complex of hi-tech dairy farms in the Mekong Delta city of Can Tho under a newly-inked agreement with Song Hau Farm Corporation.
Binh Son Refining’s profit exceeds target (Monday, August 13,2018)
Binh Son Refining and Petrochemical Company (BSR) reported post-tax profits of nearly VND3.6 trillion (US$1.5 million) in the first seven months of 2018, meeting 172 per cent of its seven-month target and 103 per cent of the annual target.
PVN plans stake cut to 36% in PVD (Monday, August 13,2018)
PetroVietnam (PVN) has proposed the Ministry of Industry and Trade approve the reduction of its ownership in PetroVietnam Drilling and Well Services Corporation (PVD) from 50.4 per cent to 36 per cent.
ManpowerGroup launches professional talent specialist Experis in Vietnam (Monday, August 13,2018)
ManpowerGroup on August 9, 2018 launched its Experis brand which helps connect employers to highly skilled IT, finance and engineering workers.
Alpha King inks deal with Ascott to manage residential project (Sunday, August 12,2018)
Alpha King Real Estate Development JSC signed an agreement on August 8 with Ascott Limited (Ascott), a leading Singapore-based international serviced residence owner and operator, to manage its luxury residential project in HCMC’s District 1.
PetroVietnam surpasses business targets in seven months (Sunday, August 12,2018)
The Vietnam Oil and Gas Group (PetroVietnam) reported rosy business operation in the first seven months of the year, exceeding its set plan and on the way to achieve annual target, despite considerable risks involved in the global economy.
Thaco signs strategic deal with HAGL (Saturday, August 11,2018)
Truong Hai Auto Corporation and Hoang Anh Gia Lai Group on Wednesday announced a strategic deal to develop the latter’s agricultural business into a leader in Viet Nam and pursue a property project in Myanmar.
Bamboo Airways to operate three aircrafts in 2019 (Friday, August 10,2018)
Bamboo Airways, owned by property developer FLC Group, is scheduled to operate three aircrafts by 2019 as it officially becomes operational after receiving its licence.
Petrolimex increases consumption of Nghi Son Refinery products (Friday, August 10,2018)
The Viet Nam National Petroleum Group (Petrolimex) has limited the imports of petroleum products to consume products of Nghi Son Refinery factory located in the central province of Thanh Hoa since this month.
Dien Quang Lamp partners with US Qualcomm (Friday, August 10,2018)
Dien Quang Lamp JSC on August 7 inked a strategic cooperation agreement with American multinational semiconductor and telecommunications equipment company Qualcomm to provide the local market with lighting solutions and equipment through their smartphone application.
SCG signs $3.2b loans in Thailand (Thursday, August 9,2018)
SCG has signed loan agreements worth over US$3.2 billion with six banks in its home country, Thailand, to fund construction of Viet Nam’s first fully integrated petrochemical complex, Long Son Petrochemicals Company Limited (LSP).
VinFast to open offices in Europe, Asia (Thursday, August 9,2018)
VinFast Trading and Production Limited Liability Company, a member of the property developer Vingroup, has just finished procedures to open an office in Frankfurt, Germany.
ABC Bakery set to open 40 new stores in 2019 (Thursday, August 9,2018)
ABC Bakery founder Kao Sieu Luc announced, August 7 that he would open 40 new stores next year after finishing the construction of factories in the central coastal cities of Nha Trang and Danang.
Ba Huan seeks to cancel deal with VinaCapital (Wednesday, August 8,2018)
Vietnam’s leading poultry egg and meat producer Ba Huan has written to the prime minister asking for help to terminate its agreement with VinaCapital Vietnam Opportunity Fund (VOF) of VinaCapital Group.
Vinalines fails to choose strategic investor (Wednesday, August 8,2018)
Vietnam National Shipping Lines (Vinalines) is set to launch its initial public offering (IPO) early next month, but it has yet to find a strategic investor, the company announced today, August 6.
Indian firms eye Vietnamese healthcare sector (Wednesday, August 8,2018)
Indian enterprises participating in a meeting between Indian and Vietnamese medical enterprises, held by the Consulate General of India in HCMC on August 3, expressed a desire to invest heavily in the healthcare sector of Vietnam.
Vietnam Airlines, Vinamilk shake hands to provide 4-star service (Tuesday, August 7,2018)
Vinamilk products, served on Vietnam Airlines flights departing from Vietnam, will have specially designed packing to promote the quality of the country’s single four-star airline.
Cement exports record strong growth (Sunday, August 19,2018)
Cement exports in the first seven months of the year registered impressive growth, with 17.65 million tonnes sold for 656.3 million USD, year-on-year increases of 63.2 percent in volume and 73.4 percent in value.
HCM City food, foodstuff sales rise by 13.7 per cent (Saturday, August 18,2018)
Retail sales of food and foodstuffs in HCM City were worth VND66.744 trillion (US$2.9 billion) in the first seven months of this year, or 17.46 per cent of total retail sales.
Vietnam domestic market commodity prices - Aug 17 (Friday, August 17,2018)
Following are domestic prices of Vietnam's key commodities.
Vietnam dong, gold and interbank rates - August 17 (Friday, August 17,2018)
Here's a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 0401 GMT.
Vietnam’s imports and exports totaled US$266.17 billion in 7 months (Friday, August 17,2018)
Vietnam’s total import and export revenue in the first 7 months of this year reached US$266.17 billion, increased by 13.5 per cent or $31.74 billion compared with the same period last year, showed the statistics figures of the General Department of Customs.
Certificates of origin go digital, saving time and money (Friday, August 17,2018)
Viet Nam has expanded the exchange of electronic certificate of origin (e-C/O) to aid trade activities.
Vietnam enjoys 3 billion USD trade surplus with Hong Kong (Friday, August 17,2018)
Vietnam enjoyed a trade surplus of 3.03 billion USD with Hong Kong (China) in the first half of 2018, a year-on-year increase of 14.6 percent, according to the General Department of Vietnam Customs.
Vietnam exports less, but earns more from cassava (Friday, August 17,2018)
Cassava exports in the first seven months of the year reached 1.6 million tonnes with a value of 580 million USD, a year-on-year decline of 24 percent in volume but a surge of 12.5 percent in value, according to the Ministry of Agriculture and Rural Development.
Vietnam dong, gold and interbank rates - August 16 (Thursday, August 16,2018)
Here's a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 0409 GMT.
Exports of crude oil fell in first 7 months (Thursday, August 16,2018)
Vietnam’s exports of crude oil decreased sharply by 48.1 per cent in quantity and 26.3 per cent in value year – on – year in the first seven months of this year to 2.32 million tons worth of US$1.26 billion, showed the statistics figures of the General Department of Customs.
Vietnamese steel sector amidst US-China trade war (Thursday, August 16,2018)
Improving material supply and proving product origin are ways to limit the impact of trade defence lawsuits amid the growing US-China trade war, according to insiders.
VN-Index pulled down by large-cap stocks (Thursday, August 16,2018)
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) dropped 16.9 points to settle at 961.37 points on August 15, with over 188.9 million shares changed hands at a value of over 4.45 trillion VND (191.3 million USD).
Việt Nam struggles to export fruit to demanding markets (Thursday, August 16,2018)
Viet Nam has exported its fruit to high-standard markets in recent years, such as the US, the European Union and Japan, but increasing export volume is no easy task.
Vietnam dong, gold and interbank rates - Aug 15 (Wednesday, August 15,2018)
Here's a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 0501 GMT.
Exports of seafood increased in first 7 months (Wednesday, August 15,2018)
Vietnam’s exports of seafood reached nearly US$4.73 billion in the first seven months of this year, increased by 7.9 per cent over the same period last year, showed the statistics figures of the General Department of Customs.
Hue targets $56mil in investment this year (Wednesday, August 15,2018)
The central province of Thua Thien-Hue is targeting total investment of VND13 trillion (US$56 million) from enterprises this year, an increase of 20 per cent over last year’s figure.
Argentina – Vietnam’s important trade partner in Latin America (Wednesday, August 15,2018)
Vietnam considers Argentina one of its most important trade partners in Latin America with two-way trade turnover increasing year by year from US$2.3 billion in 2015 to US$2.9 billion in 2016 and reaching around US$3.5 billion in 2017.
Son La ships 40 tons of longans to China (Wednesday, August 15,2018)
Song Ma district in northern Son La province has exported 40 tons of longans to China according to a legal channel, according to the provincial Department of Industry and Trade.
Vietnam dong, gold and interbank rates - August 14 (Tuesday, August 14,2018)
Here's a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 0402 GMT.
Vietnam’s trade exchange with China, South Korea and Japan saw growth (Tuesday, August 14,2018)
The bilateral trade exchange between Vietnam and the leading trade parners in Asia such as China, South Korea and Japan saw growth in the first six months of this year.
Foreign investment into Ba Ria-Vung Tau soars 30% (Tuesday, August 14,2018)
The southern province of Ba Ria - Vung Tau has attracted US$2.15 billion of foreign direct investment (FDI) since the beginning of this year, up 30.6 per cent over the same period last year.
Dong Nai’s FDI attraction surpasses yearly target (Tuesday, August 14,2018)
The southern province of Dong Nai has so far this year attracted over 1.14 billion USD in foreign direct investment (FDI), surpassing its yearly target by 14 percent, the province’s industrial zones management board said on August 13.
Kien Giang calls for investment in 64 projects (Tuesday, August 14,2018)
The Mekong Delta province of Kien Giang introduced a list of 64 projects that call for investment in 2018 at an investment promotion forum held in Ho Chi Minh City on August 13.
Rubber industry faces falling export price (Tuesday, August 14,2018)
The average export price of Vietnamese rubber fell in tandem with the global price, affected by the escalating US-China trade war, according to the Agro Processing and Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development.
Vietnam’s industry in seven months of 2018 (Tuesday, August 14,2018)
Generally, in seven months of 2018, Vietnam’s index of industrial production for the whole industry increased by 10.9% over the similar period last year, higher than the growth rate of 7.1% in the same period in 2017,according to the General Statistics Office (GSO).
Exports and imports of goodsin seven months of 2018 (Tuesday, August 14,2018)
Vietnam’s export turnovers of goods was estimated to reach US$133.69 billion in seven months of 2018, a rise of 15.3% compared with the same period in 2017 according to the General Statistics Office (GSO).
Consumer price indexes, gold and US dollar price indexes increased by 3.45% in seven months of 2018 (Tuesday, August 14,2018)
Vietnam’s average CPI in seven months of 2018 increased by 3.45% compared to the similar period in 2017. CPI in July 2018 grew by 2.13% over December 2017 and by 4.46% from the same period last year according to the General Statistics Office (GSO).
Vietnam's carriage of passengers and cargos reached 2653.1 million passengers in seven months of 2018 (Tuesday, August 14,2018)
Vietnam’s passenger carriage reached 2653.1 million passengers in seven months of 2018, a rise of 10.1% over the corresponding period last year and 117.8 billion passengers-kilometers, a rise of 10.5% according to the General Statistics Office.
International visitors to Vietnam in seven months of this year (Tuesday, August 14,2018)
Generally, in seven months of this year, international visitors to Vietnam was estimated to reach 9,080.3 thousand arrivals, a rise of 25.4% compared with the same period last year, of which visitors coming by airway gained 7,357.9 thousand arrivals, moving up by 20.2%; by road: 1,544.6 thousand arrivals, rising by 63.3%; by seaway: 177.8 thousand arrivals, a light decrease of 0.2% according to the General Statistics Office (GSO).