Poised for prodigious purchasing power in near future, Việt Nam is barely tapping into its market potential for consumer loans, with which come the needs for national spending boost and further economic growth.

April had the highest number of newly-established enterprises in the past 12 months, according to the Ministry of Planning and Investment’s National Enterprise Information and Registration System.

The national index of industrial production (IIP) in the first four months of this year increased 5.1 per cent year-on-year, the General Statistics Office (GSO) reported.

The Kiên Giang Province People’s Committee has approved a plan to make Phú Quốc a smart city by 2020.

The textile and garment sector enters the second quarter (Q2) of this year with promising signs from new import markets, said General Director of the Việt Nam Textile and Garment Group (Vinatex) Lê Tiến Trường.

Shares advanced during the first session on Wednesday after the National Reunification and International Labour holidays as investors remained positive about the market outlook.

The Asian Development Bank (ADB) this year plans to provide loans worth US$4.2 billion, doubling last year’s figure, to support developing countries in the Asia-Pacific region in addressing water challenges.

The Đại Nam Joint Stock Company opened an international standard racecourse with investment of more than VNĐ2 trillion (US$87.9 million) in the southern province of Bình Dương on Tuesday.