Market cap accounts for 72 percent of GDP in 2018

Market cap accounts for 72 percent of GDP in 2018

Stock market capitalization reached VND3,900 trillion (US$167.75 billion) by December 28 last year, up 12.7 percent compared to the end of 2017, or 72 percent of gross domestic product, according to the Ministry of Finance.
Sabeco has been equitized (Photo: SGGP)

Twelve SOEs equitized in Vietnam during 11 months

Twelve state owned enterprises were equitized in the first 11 months of 2018, according to reports at a press conference hosted by the Ministry of Finance in coordination with Steering Board on Enterprise Reform and Development and the Government Portal on November 19.

A corner of Binh Son Refining and Petrochemical Company Limited

IPO of four corporations bring over $787 million

The Ministry of Finance said that four corporations have successfully conducted Initial Public Offering (IPO) in the first two months of 2018 with the total revenue of VND17,913 billion (US$787 million).
A filling station in HCMC (Photo: SGGP)

Ministry requires to stabilize petrol prices

The Ministry of Industry and Trade and the Ministry of Finance have required domestic enterprises to stabilize petrol prices in the price adjustment period, on March 8.
The price of RON 95 petrol declined by 400 VND per liter from 15:00 on February 21 as decided by the Ministry of Industry and Trade and the Ministry of Finance (Illustrative photo: VNA)

RON 95 petrol price drops by VND 400 per liter

The price of RON 95 petrol declined by VND 400 per liter from 15:00 on February 21 as decided by the Ministry of Industry and Trade and the Ministry of Finance.
Businesses have been required not to increase petrol price ahead of the Tet holiday (Photo: SGGP)

Ministries require not to increase petrol prices

The Ministry of Finance and the Ministry of Industry and Trade required businesses to keep petrol price unchanged and increase spending of price subsidization fund in the price adjustment period on February 3.

EVN to pay tax arrears of VND 1.9 trillion (Photo VNA)

EVN to pay tax arrears of VND 1.9 trillion

The Ministry of Finance (MoF) is demanding more than VND1.9 trillion ($85 million ) in tax arrears from the Electricity of Vietnam (EVN) after uncovering that the group had failed to declare its costs accurately.
Vietnamese Grab bike riders wait for passengers in HCM City. (Photo: vietcetera.vn)

MoF probes Grab for possible tax evasion

The Ministry of Finance (MoF) will continue coordinating with the State Bank of Vietnam and other competent authorities to review the use of Malaysian company Grab’s grants from the mother company to its local branch.
 
Hai Dang farm in My Thang Commune of Nam Dinh Province, with a total area of 12,000 sq.m. of greenhouse, is an example of hi-tech agriculture production in Nam Dinh Province, generating VND200 million (US$8,800) in profits a year.  (Photo: VNA/VNS)

Agro-forestry SOEs to be audited in 2019: Deputy PM

A thorough audit of all State-owned agricultural businesses will be carried out in 2019 following next year’s concentrated restructuring efforts, so as to identify underperforming firms and other issues facing the sector.