Việt Nam News

Experts have urged the Government, economic managers and business leaders to change their thinking and act urgently to create a workforce suited to the development and adoption of digital technology. Economist Nguyễn Bích Lâm, former director of the General Statistics Office (GSO), spoke to the Vietnam News Agency about this issue.

The Ministry of Planning and Investment (MPI) has announced plans to issue more specific criteria for special investment incentives to better attract foreign direct investment (FDI).

The Trade Remedies Authority under the Ministry of Industry and Trade (MoIT) said that it had sent questionnaires on end-of-term review of anti-dumping measures against imported galvanised steel products originating from China and the Republic of Korea (RoK) to all foreign steel producers and exporters.

Bad debts may climb by the end of the year as the pandemic has interrupted production of many enterprises and they had no revenue to repay debts. 

Shares inched down on Wednesday, weighed by strong selling pressure across most of the sectors despite gains in some large-cap stocks. 

Buying goods through zalo, the free messaging app, is not totally new but it was used only by small companies and sellers. But during the social distancing now it has been adopted by large retailers too. 

A delay in issuing official legal regulations on managing cryptocurrencies will cause a rise in the risks of fraud and theft related to virtual assets, experts have warned.

Without a more effective business support package, the country’s goal of 6.5 per cent in gross domestic product (GDP) growth for this year will be hard to achieve as growth in the first six months of 2021 is forecast to reach only 5.8 per cent, according to experts.

The stock market settled higher on Tuesday on gains in large-cap stocks. Meanwhile, foreign investors still escaped from the market.

The Hải Dương People's Committee has approved the establishment of three new industrial clusters with a combined investment capital of more than VNĐ1.7 trillion (US$75 million). 

According to trade experts, the above-mentioned trade deficit was not a worrisome figure as enterprises ramped up their imports of input materials to meet their production demands.

Export revenue of the garment and textile sector surged 21.2 per cent year on year in the first five months of 2021 to about $15.2 billion, according to the Việt Nam Textile and Apparel Association (VITAS).

Trade in goods between Việt Nam and the European Union (EU) has seen positive growth since the beginning of 2021, despite the impact of the COVID-19 pandemic.

The Cửu Long (Mekong) Delta province of Vĩnh Long is soliciting investment in large projects that use modern and environment-friendly technologies and bring high added value.

The Việt Nam e-Commerce Association (Vecom) said that a number of regulations in Circular 40 were not yet feasible, which could impact activities of hundreds of thousands of individuals doing business on e-commerce floors.

With credit expanding quickly in the first half of this year, the State Bank of Việt Nam (SBV) said in its press conference on Monday that the credit growth target for the full year of 2021 at 12 per cent was within reach and it might consider extending credit room if necessary.

As technology develops and demand keeps increasing in the property sector, proptech will develop in a similar way to fintech, experts have said.

Shares ended lower on Monday as profit-taking activities weighed on the stock market, while foreign investors net sold more than a trillion VND on two main exchanges.