Cooperatives play an important role in improving the capacity and position of the economy. However, statistics of the Viet Nam Cooperative Alliance (VCA) show that only some 2 per cent of cooperatives have access to loans, while most still manage by themselves.

Việt Nam’s fintech market is estimated to increase from US$4.4 billion last year to $7.8 billion by 2020, driven by rising bank penetration, according to research of Solidiance.

Việt Nam-Russia oil and gas exploration joint venture (Vietsovpetro) has appointed Nguyễn Quỳnh Lâm as the new general director of the company.

The US Department of Commerce (DoC) has decided to levy import tax on steel produced in Việt Nam using Chinese-origin substrate.

Auto businesses are concerned about Việt Nam’s future policy orientation with regard to the auto industry, which they think will affect their business strategy.

The European Union (EU) market was the largest export market of Vietnamese shrimp in the first quarter of this year, according to Việt Nam Association of Seafood Exporters and Producers (VASEP).

HCM City aims to have 40 per cent of retail sales through modern distribution channels like malls and supermarkets by 2020, and 60 per cent a decade later.

Leading business conglomerate Vingroup, one of the nation’s largest real estate developers and a retail sector giant, targets 34 per cent and 50 per cent increase in revenue and net profit, respectively, this year.

Close geographic distance, fast economy growths, large and young populations have been facilitating trade ties between India and CLMV countries.