A derivatives market, which will start operations in August, is expected to draw more capital to the Vietnamese securities market for the rest of this year, experts told a seminar in HCM City last Saturday.

The VN-Index declined for the first time in the last six weeks due to heavy profit-taking pressure but market analysts expect the key index will rebound this week following the releases of the second-quarter business earnings.

The Business Startup Support Centre (BSSC) in HCM City jointly held a conference on startup culture with Hoa Sen University (HSU) and the International Vietnamese Academics Network (iVANet), aiming to facilitate sustainable entrepreneurship within universities and advocate favourable policies for startup creativity.

The Việt Nam National Oil and Gas Group (PetroVietnam) has decided to form teams to handle its loss-making projects since the snail-pace progress of the process has displeased the Government.

Recently government bonds have seen strong foreign buying despite the facts that the dollar is expected to continue appreciating due to the US’s plan to raise interest rates a few more times in the near future and that Việt Nam does not have incentives to attract foreign investment in its bonds.

Việt Nam developed 70,900 national domain names (.vn) in the first quarter of this year, equivalent to 393 domain names per day.

Small and home-based business owners who use the Facebook platform to sell products and have revenue of more than VNĐ100 million ($4,500) per year will be taxed at five per cent.

Apartment sales in Ha Noi declined in the second quarter, while their supply increased in the first half of the year, a new report says.

Credit institutions have received some VNĐ200 trillion (US$8.9 billion) yearly from interest rates of bank loans, according to the Ministry of Finance’s estimates.