Siemens has identified Asia as an important future market as the rapidly developing region is in need of efficient and cost-effective power generation technologies – an area in which the German engineering giant prides itself as a leading global supplier.

The southern province of Đồng Nai attracted nearly US$690 million in 76 newly licensed and existing foreign-invested projects up to May 17.

As of May 15, Việt Nam’s export turnover reached US$82.63 billion, a year-on-year increase of 18.7 per cent, according to the statistics of the General Department of Việt Nam Customs.

Export of squid and octopus to Russia has increased sharply since early this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

HCM City authorities have asked the National Assembly (NA) to increase investment for the city’s first two metro lines that start near Bến Thành Market in District 1 and end at Suối Tiên Theme Park in District 9 and Tham Lương depot in District 12.  
 

 HCM City is enacting policies to aid businesses in the supporting industry by encouraging investment, networking between firms and banks, and creating special zones.

The Ministry of Finance (MoF) has drafted a circular on rules and methods of collecting information and reporting market prices of some domestic goods and services.

Recent policies have underscored the Government’s efforts to improve Việt Nam’s business environment and national competitiveness.

Vietnamese stock markets will likely remain gloomy in the coming week as investors could maintain poor confidence amid the volatility of the market, thus keeping overall liquidity low and too weak for a market’s short-term comeback.