SCIC, Viettel sell their stakes in Vinaconex Business

SCIC, Viettel sell their stakes in Vinaconex

The State Capital Investment Corporation (SCIC) on November 22 sold its complete ownership in the Vietnam Construction and Import-Export JSC (Vinaconex) for 7.36 trillion VND (327.4 million USD).
Banks to hike service fees this month Business

Banks to hike service fees this month

After two months postponing the increase in service fees for ATM cash withdrawals as required by the central bank, some commercial banks have now resumed the plan, announcing that a new service fee framework will apply from the middle of this month.
MoF wants hike in tax on capital/securities trade income Business

MoF wants hike in tax on capital/securities trade income

The Ministry of Finance has proposed the Government raise the individual income tax imposed on capital/securities transfer to 2 percent for trades not registered to the Vietnam Securities Depository (VSD) and not made on the securities market.
Shares fail to breach 790 points Business

Shares fail to breach 790 points

The benchmark VN-Index failed to conquer the short-term resistance point of 790 for a second day on August 4, dragged down by bank stocks, while growth of many large-cap stocks supported the market.