On January 05, 2017, Vinh Hoan forecast its 2016’s consolidated revenue and net profit after tax at VND7,200 billion ($327.3 million) and VND500 billion ($22.73 million), up 11 and 70 per cent year-on-year respectively. In which, total export revenue is expected to reach $274 million, up 5 per cent year-on-year. Considering the Vietnam pangasius industry’s year-on-year growth of 6.6 per cent as estimated by Vietnam Association of Seafood Exporters and Producers, Vinh Hoan has outperformed most of its peers.
Today, the Trade and Investment Promotion Exhibition KOREA EXPO 2016 was opened in Lotte Hotel in Hanoi.
The Vietnamese financial market experienced strong volatility after the election of Donald Trump as the 45th President of the United States. At its worst, the VN Index benchmark plummeted nearly 20 points to just 655 points.
The on-going US election has caused the local stock market to see a mass fall in all indices this morning.
A joint effort of seven angel investment groups formed the ASEAN Angel Alliance (AAA) on November 1 to facilitate smooth cross-border angel investment and businesses.
On October 31, Standard&Poor’s Global Ratings (S&P) revised its rating outlook on Vingroup Joint Stock Co. (Vingroup) to positive from stable.
The country’s third largest beer producer, Habeco, will be officially listed on the Hanoi Stock Exchange (HNX)’s UpCom trading platform on October 28.
The southern province of Long An is set to launch its new administrative centre to establish a one-door mechanism in favour of the public and enterprises.
The government has requested the Ministry of Finance scale down the proposed tax incentives for businesses between 2017 and 2020.
Significant changes in the newly-released draft decree on transfer pricing and tax erosion avoidance is grabbing companies’ attention on the matter of compliance.
On September 22, the country’s largest foreign investor, Samsung Vietnam, has granted access to its $125,000 Smart School Programme to Thai Nguyen University of Medicine and Pharmacy, as part of its corporate social responsibility efforts in the field of education.
The tariff cuts associated with the ASEAN Economic Community are changing the import structure of the Vietnamese auto industry as some car makers have been negatively impacted, due to uncertainties in domestic tax rate policies.
Bao Viet Insurance has launched the nation’s first policy to protect against the diagnosis of cancer offering hope for those worried about Vietnam’s high cancer mortality rate.
Exporters are excited with trade facilitation potentially brought by the new Self-Certification of Origin mechanism under the Trans-Pacific Partnership (TPP) Agreement.
Despite a slight decrease of 2 percentage points in the second quarter of 2016, Vietnamese consumer confidence continues staying at a high level, ranking as the 7th most optimistic country in the world, according to the latest Consumer Confidence Index released by global information and measurement company Nielsen.