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Vietnam 

Vietnamese securities catch the eye of South Korean investors – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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In March Korean Investment Management bought a 5.08 per cent stake in Việt Capital Securities Joint Stock Company.  — Photo tinnhanhchungkhoan       Compiled by Thiên Lý                                                          The Vietnamese stock market now has many South Korean-owned securities companies following a series of acquisitions in recent years. In March Korean Investment Management bought a 5.08 per cent stake in Việt Capital Securities Joint Stock…

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Vietnam 

Year’s 2nd Vietbuild to be held in HCM City this week – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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  A press briefing to introduce the second Vietbuild exhibition in HCM City this year, which will be held at the Saigon Exhibition and Convention Centre from June 19 to 23. — VNS Photo Xuân Hương HCM CITY — The Vietbuild International Exhibition with the theme construction, building materials, real estate, and interior and exterior decoration will be held in HCM City from June 19 to 23. The second Vietbuild expo to be held this year in the city — five on various themes will be held this year —…

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Vietnam 

Growing Chinese investment in Việt Nam: time to worry? – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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    Workers at China’s AKA Homewares Company in the southern Long An Province. VNA/VNS Photo Danh Lam   HÀ NỘI – Chinese companies are accelerating investment in Việt Nam – but some local businesses are voicing concerns.   Foreign investment hit a four-year high of US$16.7 billion in the first five months of this year, up 69 per cent compared to the same period in 2018. Chinese investment made up 42.5 per cent of the total according to data released by the Foreign…

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Vietnam 

Market to fluctuate in the week ahead – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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    Investors monitor shares movement at the Bảo Việt Securities Co. VNA/VNS Photo Trần Việt   HÀ NỘI The market is expected to experience ups and downs within a narrow band during the coming week. Cautious sentiment will dominate the market as investors wait for information about the restructuring of exchange-traded funds and the Fed’s meeting.   The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.37 per cent on Friday to close the week at 953.61 points. The index lost a total of 0.49 per cent last week. On the Ha Noi Stock…

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Vietnam 

Construction of $162m port complex gets green light – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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    A port in Dung Quất EZ. Photo bsr.com.vn HÀ NỘI — The Dung Quất Economic Zone (EZ) and Quảng Ngãi Industrial Parks (IPs) Authority has granted an approval in principle for Hòa Phát multipurpose port company to develop a large-scale port complex in the central province. The complex will cost more than VNĐ3.77 trillion (US$162 million) and will be divided into two phases, online newspaper baodautu.vn reported. In the first stage between now and 2020, a wharf with a length of 300 metres…

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Vietnam 

Building trust critical for digital banking development – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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    Attendees at the “Digital banking and the specific ecosystem” conference. Photo Bizlive HÀ NỘI – Digital banking is inevitable for Vietnamese banks and building trust is critical in the development of the new business model, experts said at a conference on Friday. At a conference titled ‘Digital banking and the specific ecosystem’ held by news portal Bizlive, Nguyễn Chiến Thắng, VPBank Director of Digital Sales & Partners, said that digital banking is an inevitable development path for banks. According to Thắng, there are many challenges facing banks in the development…

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Vietnam 

Denim production needs green growth – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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    A booth at the Denimsandjeans Việt Nam exhibition. The denim production sector has high growth potential and is seeing more and more investors, experts say. – VNA Photo Mỹ Phương HCM CITY – Denim production in Việt Nam has high growth potential and is attracting more and more investors, but green production in the textile and garment industry is essential to protect the environment, experts said at a conference in HCM City on Thursday. Nguyễn Thị Tuyết Mai, general secretary of the Việt…

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Vietnam 

Aquatic firm sets to withdraw from two sub units – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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  Fish is processed by workers at Hùng Vương Corporation. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Aquatic producer and exporter Hùng Vương Corporation plans to sell its stake in two smaller seafood processing firms. Hùng Vương wants to sell its 90 per cent stake in Hùng Vương Bến Tre Seafood Processing Co Ltd, worth VNĐ180 billion (US$7.74 million). In addition, the firm plans to cut its ownership in An Giang Fisheries Import and Export JSC to below 50 per cent from nearly 80 per cent. Hùng Vương holds more than…

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Vietnam 

Dutch company to invest $250m in Bình Phước cashews – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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    Inside a cashew nut processing factory in the southern province of Bình Phước. Photo vinacas.com.vn     HÀ NỘI – MCE Group from the Netherlands planned to invest US$250 million in Bình Phước Province’s cashew industry, online newspaper vietnamplus.vn reported. During a meeting with the province’s leaders on Friday, Marco Trimborn from the group praised the potential of cashew plantations in the locality, expressing his firm’s desire to develop Bình Phước cashews into an international brand. The Dutch enterprise plans to build a cashew nut shell oil factory which will cover 10ha in…

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Vietnam 

Ministry will strongly support innovation and start-ups – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

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Minister of Planning and Investment Nguyễn Chí Dũng talks to the Government Portal about the ministry’s commitments to supporting start-ups and innovative enterprises. Can you talk in detail about how the Ministry of Planning and Investment is supporting innovation, start-ups, the operation of the National Innovation Centre, and the start-up support fund? We’re now witnessing rapid changes regarding technologies and innovation. Việt Nam aims to reform its economy based on raising its competitiveness and productivity. There are four main pillars: human resources, funding, technology infrastructure and professional…

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