06:04 (GMT +7) - Thursday 29/06/2017

PRESS WATCH

June 13

Released at: 13:50, 13/06/2017 PRESS WATCH

June 13

VET's daily round-up of news from Vietnamese media for June 13.

Inflation expected at 2.6 per cent this year

Vietnam’s inflation rate this year is forecast at 2.6 per cent, barring fluctuations in prices in world markets and adjustments to the cost of public services, the National Financial Supervisory Commission (NFSC) reported on June 12. In the first five months of the year, the average inflation rate was 4.47 per cent, but it will decline towards the end of the year due to stability in food and restaurant prices.


Ten loan agreements worth over $750 million signed

The Ministry of Finance has announced that in the first five months of this year, ten loan agreements worth $750.59 million were signed with foreign countries and government bonds worth $4.53 billion were issued.


Vietnam-EU trade up 16.2 per cent in five months

Two-way trade between Vietnam and the European Union (EU) grew 16.2 per cent year-on-year in the first five months of 2017, with Vietnam’s exports rising 4.2 per cent and imports from the EU up 14 per cent. Major export destinations were Germany, the UK, France, Italy, the Netherlands, and Spain.


Quang Trung ranked third among Asia’s software parks

Quang Trung Software City (QTSC) in Ho Chi Minh City has been ranked third out of eight evaluated software parks in Asia by KPMG. The benchmarking was based on an assessment of operational performance using indicators such as occupancy rate, quality of supporting services, and on-site infrastructure.


Shareholders propose dissolving SkyViet

Techcom Capital and Techcomdeveloper, two of three shareholders in the SkyViet Airlines Joint Stock Company, have proposed dissolving the company, which applied for permission to fly commercially in March 2016 but has yet to receive a decision. Techcom Capital holds 48 per cent of the charter capital of VND300 billion ($13.1 million), Techcomdeveloper 1 per cent, and Vietnam Airlines the remaining 51 per cent.


Kienlongbank permitted to trade on UPCoM

The Kien Long Commercial Joint Stock Bank (Kienlongbank) has received permission from the Hanoi Stock Exchange to trade on the Unlisted Public Company Market (UPCoM). Three-hundred million shares with a stock code of KLB will be available, with trade expected to begin this quarter.


New market rule to improve trading quality

A new rule issued by the Hanoi Stock Exchange, allowing brokerages to become securities market members, is expected to improve the trading quality of the country’s securities market. The market maker regulation, which will come into effect in July, is expected to help improve market trading liquidity and help listed companies draw higher capital flows from investors.

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