Trade

Assembly line of Vespa motorbikes at Piaggio Vietnam Co Ltd in Binh Xuyen industrial zone in Vinh Phuc Province. (Photo: VNA) Hanoi (VNS/VNA) - Foreign investors have been encouraged to take advantage of the double benefits Vietnam is offering through its commitments in the many trade pacts signed with other countries. Foreign investment in Vietnam is expected to increase significantly after the country signed two important trade deals – the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union-Vietnam Free Trade Agreement (EVFTA). According to experts, foreign investors in Vietnam will enjoy the benefits of both the international market and preferential domestic policies. The agreements also offer a great opportunity for businesses that are not from the EU or CPTPP’s 10 other member countries. When investing in Vietnam, they can take advantage of tax incentives Vietnam has agreed upon with those countries. … [Read more...] about Foreign investors can make use of Vietnam’s trade deals

Deputy Prime Minister Trinh Dinh Dung (R) shakes hands with Russian Ambassador to Vietnam Konstantin Vukov. (Photo: VNA) Hanoi (VNA) – The Vietnamese Government always endorses and creates favourable conditions for Vietnamese and Russian enterprises to boost cooperation, Deputy Prime Minister Trinh Dinh Dung said on December 11. Receiving Russian Ambassador to Vietnam Konstantin Vukov, Deputy PM Dung expressed his hope that a multitude of business and trade initiatives will be carried out between the two sides, helping develop the Vietnam – Russia Comprehensive Strategic Partnership in a deeper and more effective manner. He said he rejoiced at the fruitful partnership, particularly in the fields of economy, trade and investment. Vietnam has become the largest trade partner of Russia in the ASEAN bloc as two-way trade reached 4.5 billion USD in 2018, up 30 percent from the previous year, he said, adding that a wide range of activities have been held during the … [Read more...] about Vietnam facilitates trade with Russian firms: Deputy PM

Trade Car prices drop during peak shopping season The Saigon Times Daily Wednesday,  Dec 11, 2019,19:54 (GMT+7) Car prices drop during peak shopping seasonThe Saigon Times Daily Cars on display at an expo in HCMC. Prices of many auto brands in the local market were lowered by VND20 million-VND300 million in the peak shopping season - PHOTO: HUNG LE HCMC – The automobile market outlook in HCMC remains dreary though the country is in its peak shopping season in the lead up to the Tet holiday early next year, with many car brands marked down by VND20 million to VND300 million per unit to encourage consumption. Local automobile dealers are rushing to lower prices to attract more car buyers as a result of high inventories, reported Sai Gon Giai Phong newspaper. The prices of cars such as the Toyota Fortuner, Toyota Innova and Mazda CX5 are down by VND20 million-VND40 million each. Besides this, reductions of between … [Read more...] about Car prices drop during peak shopping season

Vietcombank divested over $9 million from the share sale at the national airline Over the time period of January 25-February 8, the commercial bank was reported to conduct the stock transaction which subsequently downsized the bank’s proportion of shareholding at the national airline from the initial volume of 22.4 million shares to 14.8 million shares, commensurate with a reduction in the bank’s shareholding from 1.83 per cent to 1.21 per cent. As opined by the stock market’s analysts along the whole duration of the share deal, the commercial bank’s decision to divest such a hefty amount of stock at Vietnam Airlines was pondered as a “smart move” as the airline’s stock was regarded as an overweight on the domestic bourse with an unprecedented surging price of the ticker at VND70,000 ($3.07) per share. Briefly after the sale, the airline’s stock price plunged below VND50,000 ($2.2), a drop of roughly 30 per cent. The bottom of the … [Read more...] about Vietcombank sell-down sends national airline crashing

Stock Market Large-cap stocks buoy market recovery The Saigon Times Daily Wednesday,  Dec 11, 2019,19:21 (GMT+7) Large-cap stocks buoy market recoveryThe Saigon Times Daily Two investors look at the electronic stock price quotation board at Maybank Kim Eng Securities Company. The local stock market recovered today, December 11, with the VN-Index rising 1.48 points - PHOTO: THANH HOA HCMC – The local stock market recovered today, December 11, with the VN-Index rising 1.48 points, or 0.15%, at 961.78, backed by the rising prices of large-cap stocks. On the Hochiminh Stock Exchange, the VN-Index rebounded and hit its highest level of the day after falling below the reference mark. There were 216.5 million shares worth nearly VND4.4 trillion changing hands, down 10.8% in volume and 12.6% in value over the session earlier. In block deals, 57.9 million shares were traded with a total value of nearly VND1.5 trillion. … [Read more...] about Large-cap stocks buoy market recovery