Việt Nam’s automobile industry is at cross roads, lagging behind ASEAN competitors, according to a report launched by the International Finance Corporation (IFC) and the Ministry of Planning and Investment (MPI) early this week.

Construction of a factory manufacturing metal components recently kicked off at the Bá Thiện II Industrial Zone in Bình Xuyên district of the northern province of Vĩnh Phúc.

Crude oil output reached 7.1 million tonnes in the first six months of this year and in doing so hit 54.3 per cent of the annual target.

Four more provinces have adopted the National Single Window for clearance of import-export goods at all their ports in compliance with a decision issued in 2016 by the Prime Minister to expand the mechanism to all ports in the country.

Around 20 companies have shifted their listings among the stock exchanges since the beginning of this year, over half of which moved back to the Unlisted Public Company Market (UPCoM) due to prolonged losses.

Việt Nam News reporter speaks to Trần Thanh Hải, deputy director of the Import-Export Department under the Ministry of Industry and Trade and Thân Đức Việt, deputy general director of Garment 10 Corporation Joint Stock Company (Garco 10) about the development of the textile and apparel industry.

Viet Nam’s economy maintained impressive growth in the second quarter this year, but risks are becoming more apparent, especially threats on the exchange rate and interest rate.

Kiên Giang Province will focus on improving exports by increasing product quality, and holding more promotion and networking events for Vietnamese firms, according to the provincial Department of Industry and Trade.

A wide variety of shoe making and tanning machinery and technologies, chemicals, leather and other materials, shoe components and accessories, and finished products are on display at the 20^th International Shoes and Leather Exhibition that opened in HCM City on July 11.