Vietnam should have a Plan B for foreign trade and not be overly concerned that the TPP may not come into being, analysts have advised.

The State Capital Investment Corporation (SCIC) is seeking a single investor for its divestment of more than 2.4 million shares in the Maritime Commercial Bank at an initial price of VND11,700 (US$0.52) per share and representing 0.204% of the bank’s charter capital.

The Vietnam Steel Association (VSA) has proposed the government impose temporary safeguard duties on imported pre-painted galvanized steel to protect local producers and workers.

Ho Chi Minh City’s Management Board of Urban Railways (MBUR) has submitted a proposal to the city’s People’s Committee on the construction and investment policy for the first stage of the Urban Metro Line No. 5 project, from Bay Hien intersection in Tan Binh district to Saigon Bridge. 

The Vietnam Dairy Products JSC (Vinamilk) has come to a cooperative arrangement with FPT Retail to open a retail store chain selling Vinamilk products.

The Vietnam Meat Industries Limited Company (Vissan) has been given permission to trade on the Unlisted Public Company (UpCOM) market under the code VSN, with a total of 80.91 million shares and a registered stock value of more than VND809 billion (US$36.2 million).

The South East Asia Commercial Joint Stock Bank (SeABank), the BRG Group, and Coca-Cola Vietnam recently signed a memorandum of understanding (MoU) on comprehensive cooperation.

A proposal that the retirement age be raised in the amended Labor Law will be submitted to the National Assembly (NA) in 2017, according to Deputy Minister of Labor, Invalids and Social Affairs Pham Minh Huan.

The government is set to increase State budget collections from the domestic sector to offset lower collections from imports and exports.

The Ministry of Finance (MoF) is publicly seeking opinions in regard to a draft government decree requiring the ministry and local governments publicize State financial reports from 2018.