The garment and textile sector will be hard pressed to achieve its export turnover target of US$31 billion this year due to a lack or orders. 

Prime Minister Nguyễn Xuân Phúc said Việt Nam might allow foreign investors to hold a stake exceeding the current cap of 30 per cent in domestic banks.

Việt Nam’s enterprises in foreign countries, especially Russia, should develop close business cooperation with enterprises in Việt Nam to take full advantages in doing business from free trade agreements signed between Việt Nam and foreign partners.

Vietnamese shares yesterday bounced back from a gloomy trading week, driven by better investor confidence in blue chips following the re-allocation of ETFs’ investment portfolios and the energy sector was boosted by higher oil prices.

Việt Nam hopes to export 1.6 million tonnes rice in the four remaining months of the year, raising exports for the year to 4.9 million tonnes, according to the Việt Nam Food Association.

Việt Nam's coffee exports in August reached 2.54 million bags (152,678 tonnes), a growth of 9.2 per cent from July, according to the General Department of Customs' statistics.

Vietnamese shares may remain volatile this week as investors shift focus to the US central bank’s meeting, worrying about a US interest rate increase which could extend net foreign selling of local stocks.

The National Office of Intellectual Property of Việt Nam under the Ministry of Science and Technology has recognised the brand ownership for the products of Lý Sơn Island including garlic, onion, seafood, garlic wine, dried seafood and seaweed.

Việt Nam’s new import tariff, part of the ASEAN Trade in Goods Agreement (ATIGA) for 2016-18, has come into force.