A board comprising senior executives of major national corporations and industry associations has been launched with the aim of understanding and removing hurdles to a greater private sector role in the national economy.

The 2017 Asia-Pacific Economic Co-operation (APEC) Summit is a crucial opportunity for businesses throughout central Việt Nam to seek trade partners and export markets as representatives of foreign firms flock to the business forums at APEC from November 5-11, Đà Nẵng business people and officials say.

Việt Nam’s retail sector is forecast to be stable in the coming years, attracting investment from many foreign enterprises thank to its large population, brighter economic outlook and greater purchasing power.

The central Đà Nẵng city’s Investment and Development Fund has agreed to provide a US$7.9 million loan to the Đà Nẵng Port joint-stock company to upgrade and expand Tiên Sa Port.

Shares declined on the HCM Stock Exchange on Tuesday as large-cap stocks were hit by profit-taking after the market advanced for two consecutive sessions.

Investment management funds have been active in trading on the HCM Stock Exchange recently, focusing on mid-cap stocks.

Though Việt Nam has become increasingly linked to global trade networks, local small-and-medium-sized enterprises (SMEs) struggle to integrate globally, said Phạm Thị Thu Hằng, general secretary of the Việt Nam Chamber of Commerce and Industry (VCCI), at the workshop “Supporting international trade for SMEs” in Hà Nội on Tuesday.

Moody's Investors Service on Tuesday upgraded its outlook for Việt Nam's banking system to positive for the next 12-18 months from stable, reflecting the country's strong economic prospects and the positive outlook for most rated banks.

The Canada Border Services Agency (CBSA) has announced that it is launching an investigation into certain copper pipe fittings originating in or exported from Việt Nam.