Vietnamese shares sloped on Tuesday as recent rallies triggered a massive sell-off among investors to lock in profits and further market decline is in forecast for local markets.

As many as 72 per cent of Vietnamese fintech companies were opting to co-operate with local banks instead of competing, according to Lê Anh Dũng, director of the Payment Department under the State Bank of Việt Nam.

Experts have warned enterprises to be more cautious with their US dollar loans amidst a significant rise in the lending and appreciation of the greenback.

The internet of things (IoT) is growing rapidly world-wide ushering in momentous changes and huge opportunities for businesses, a conference heard in HCM City on June 12.

Việt Nam imported more than 5.56 million tonnes of oil and petroleum products worth nearly US$3.6 billion in the first five months of the year.

Việt Nam Vegetable Oils Industry Corporation (Vocarimex) on June 12 said it plans to expand sales to business customers as well as exports this year.

The Việt Nam Engine and Agricultural Machinery Corporation (VEAM) will present to shareholders a plan to list on the Hồ Chí Minh Stock Exchange (HOSE).

VinFast Manufacturing and Trading Company and a Thai company will set up a joint venture on auto body stamping and welding in Việt Nam.

The prices of Việt Nam’s sticky rice are facing a downward trend due to its over-supply and dependence on a single large market, according to the Department of Farm Produce Processing and Market Development under the Ministry of Agriculture and Rural Development (MARD).