Việt Nam needs radical collective solutions to promote the fight against corruption and foster a healthy and transparent business environment, Deputy Secretary General of the Việt Nam Chamber of Commerce and Industry (VCCI) said at a conference on Wednesday in Hà Nội.

Việt Nam needs a number of large and medium-size firms in order to mentor and push forward small businesses, which are the backbone of a healthy economy, according to General Secretary of the Vietnam Chamber of Commerce and Industry, Phạm Thị Thu Hằng. She spoke Wednesday in Hà Nội at a workshop on developing the private economy.

The southern province of Bình Phước plans to establish 35 industrial clusters in its 11 districts and towns by 2030, whose combined capital requirement will be VNĐ5.9 trillion (US$260 million).

The State Bank of Việt Nam (SBV) will stop the acquisition of commercial banks at zero đồng, which it did previously.

Shares stepped back from morning trade on the HCM Stock Exchange on Thursday as selling pressure increased in large-cap stocks on fears of a steeper correction.

The province is striving to attract more foreign investors, including those from South Korea

Deputy Prime Minister Trịnh Đình Dũng worked with departments, agencies and companies yesterday to review economic performance and accomplishments for 2017’s first quarter and urged all parties concerned to pool their resources together in order to ensure future growth targets.

Domestic businesses are seeking to develop the rural retail market, given fierce competition from foreign rivals. 

The Vietnam International Bank (VIB) aims to earn a pre-tax profit of VNĐ750 billion (US$33 million) in 2017, 7 per cent higher than last year’s figure.