Many kinds of Vietnamese products are favoured by Australian customers, but their export turnover (to the Australian market) remains meagre, it was reported at a seminar on business and investment opportunities in the Australian market held in HCM City last week.

Amid growing concerns in Việt Nam about unsafe food, many foreign and local firms are exploring opportunities to produce safe food in the country.

Regulations banning the use of profits from property alienation to cover losses in other businesses discourage property firms from expanding their investments and make tax policies seem unfair, experts said.

The southern province of Đồng Nai generated more than US$4.7 billion from exports in the past four months, up 5 per cent year-on-year, according to the provincial People’s Committee.

The real estate market in HCM City is on track to bounce back, but its sustainable development will only be ensured if housing demand from low-income and average-income earners is satisfied, a report from the HCM City Real Estate Association has said.

As of April 2016, Singaporean businesses have 1,600 projects in Việt Nam, capitalized at approximately US$36.3 billion, ranking third among 114 countries and territories investing in the country, statistics from the Foreign Investment Agency (FIA) revealed.

Saigon Securities Inc (SSI) officials said they saw potential growth of the domestic stock market in the next two quarters of this year.

Vietnamese shares yesterday again closed mixed on the two local exchanges, erasing gains made earlier during the day while a recent sharp increase in oil prices boosted energy stocks.

Cement and clinker consumption in the country grew over 15 per cent, to 24 million tonnes, from the beginning of this year, meeting 32 per cent of the year’s target.