Việt Nam will work to raise the quantity as well as quality of applications for inventions in the coming years, delegates said at a seminar in HCM City yesterday.

There are three main challenges that small and medium-sized enterprises in Việt Nam face with the advent of the fourth industrial revolution, a senior member of the US-ASEAN Business Council has said.

Auditors and land management experts are sceptical about the efficiency and transparency of projects carried out under Built-Transfer (BT) contracts in Viet Nam, after many BT projects have suffered long delays and major problems along the way.

Shrimp exports to the European Union (EU) increased constantly in August and September, making it the biggest consumer of the Vietnamese product, according to the Vietnam Association of Seafood Exporters and Producers (Vasep).

The Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) has reported VNĐ2.68 trillion (US$119 million) as its pre-tax profit for the third quarter, marking a yearly increase of 31 per cent.

Faced with increasing pressure from competition, Việt Nam’s textile and garment industry has not yet relieved its dependence on imported raw materials. This shows that the sector’s supply chain still has many shortcomings in raw and auxiliary materials production, which may affect the national garment industry development and export opportunities from various Free Trade Agreements (FTAs).

Global IT platforms such as Google and Facebook should be required to found legal entities in Việt Nam which would be in charge of performing obligations regulated by the country’s established laws, a representative of VTC Mobile has proposed.

Shares edged down on the two national stock exchanges on Monday, led by large caps which declined steeply under strong profit-taking selling pressure.

Record-high foreign reserves will enable Việt Nam’s central bank to keep the đồng, the local currency, stable for the rest of the year, Bloomberg quoted a central bank official as saying.