With HCM City now discouraging investment in labour-intensive sectors and preferring technology-based industries, investment in its industrial parks and export processing zones decreased by 53.95 per cent year-on-year in the first nine months of this year to US$354.77 million.

The Hà Nội Railway Transport Joint Stock Company (Haraco) yesterday launched two express freight trains which will run on the route from the city’s Giáp Bát Station to Sóng Thần Station in southern Bình Dương Province and vice versa.

Economic growth this year would climb up to 6 per cent on the back of recovery signs shown in the third quarter, falling short of the 6.7 per cent target set by the Government.

Vietnamese shares were saved yesterday during the late period as higher oil prices helped raise energy firms and steelmakers advanced on expectations for good third-quarter performance reports.

The Ministry of Industry and Trade (MoIT) issued a decision to establish a steering committee for the sale of shares of two leading brewery companies.

Prime Minister Nguyễn Xuân Phúc yesterday launched the patriotic patriotic emulation movement themed “Vietnamese businesses towards integration and development” at a ceremony held in Hà Nội on the occasion of Việt Nam Entrepreneurs’ Day (October 13).

Credit should grow faster in the last quarter so that growth target of 18-20 per cent set for the year can be reached, National Financial Supervisory Commission (NFSC) experts suggested.

Several big companies are planning to follow their peers in moving shares from Ha Noi to the HCM Stock Exchange (HOSE) in an attempt to boost stock prices and improve liquidity.

Around VNĐ178.11 trillion (US$7.98 billion) was lent to more than 19,150 businesses in HCM City in the first nine months of the year under a programme that help connects banks with businesses, according to the State Bank of Việt Nam.