Local shares are forecast to continue their uptrend this week, as investors bet on the prospects of third-quarter earnings.

The groundbreaking ceremony for Asia’s largest, and the world’s fifth largest, exhibition and fair complex was held in Hà Nội last Saturday.

The local fisheries industry has still faced many challenges by this year end to reach its export value target at US$7 billion, according to experts.

Economists and experts warn that Việt Nam should restructure its farming industry, making it less rice-oriented and focusing more on producing breeding materials in order to reduce its over-dependence to imported animal feed.

Since India has strength in textile technology and Việt Nam is dependent on feedstock for its textile industry from many countries, they could mutually benefit by co-operation, according to the Việt Nam Chamber of Commerce and Industry.

The state-owned Sài Gòn Jewellery Joint Stock Company (SJC) announced a drop of VNĐ80,000 (US$3.58) per tael (1.2 ounces) in gold price yesterday. While the international rates for the yellow metal rose by $3 per ounce.

Shares declined yesterday on the two national stock exchanges following a three-day winning streak as traders increased selling of large-cap stocks to earn short margin profits.

Vietnamese securities firms will see opportunities as collaboration between ASEAN exchanges brings more capital to Việt Nam’s stock market and makes firms improve their competency to satisfy international standards, stock regulators said yesterday at a meeting.

A proposal to allow Electricity of Việt Nam (EVN) to set retail prices has been criticised for granting excessive power to the national utility as well as the Ministry of Industry and Trade (MoIT).