Ten Vietnamese firms are showcasing their services and products at the ongoing International Agriculture Exhibition (IAE) 2019 in Jeollanam province, South Korea.
The banking sector had made considerable headway into settling bad debt, restructuring credit institutions and developing the banking system two years since the National Assembly issued a resolution on the industry.
Fitch Solutions has revised up its real GDP growth forecast for Việt Nam to 6.9 per cent in 2019, from 6.5 per cent previously, in light of the strong growth print in the third quarter of 2019.
The number of companies having debuted on the two local exchanges in the past nine-month period was quite futile compared to the previous two years.
Nguyễn Phương, sales director of Minh Thành Co., Ltd, said his company plans to invest more than VNĐ50 billion (US$2.15 million) in a production chain for bedroom and living room furniture.
Prime Minister Nguyễn Xuân Phúc has approved a plan to boost the sustainable development of the private business sector towards 2025 with a vision to 2030 with six major solutions.
In the absence of suitable legal framework, Vietnamese start-ups are struggling to secure much-needed capital as investment funds have difficulties navigating the country’s numerous regulatory barriers, said fund managers and policy researchers.
During the forthcoming event, the city will also seek the investment capitals from UK businesses into its hi-biotechnology park in Bắc Từ Liêm District.
The Vietnamese port industry needs further investment to keep pace with the country’s rapid economic growth and reduce logistic costs for businesses.
On October 10, the HCM City Development Joint stock Commercial Bank (HDBank) announced that its shareholders had approved a plan to buy a maximum of 5 per cent of its 981 million shares being traded on the market, equivalent to 49 million shares.
The market is forecast to move sideways with alternative ups and downs in a narrow range next week, analysts have predicted.
Amazon Global Selling has officially established a specialised team in Việt Nam, facilitating international sales for Vietnamese vendors.
A recent survey from the State bank of Viet Nam showed that as of September 26, credit growth was recorded at 8.64 per cent and capital mobilisation rose by 9.03 per cent.
The increasing demand for food delivery applications has helped spread the trend of central kitchens from China, India, Japan and Indonesia to Việt Nam.
The market’s movement has complied with the unpredictability of the global stocks markets, weighed down by the trade wars and worries about the global economic recession.
Measures must be taken to improve the quality of Việt Nam’s legal documents, said policy researchers and businesses at a conference on Thursday in Hà Nội.
Some outstanding firms include brewer Sabeco, HDBank, PetroVietnam Drilling and Well Services, and distributor Digiworld.
Following negative movements on global markets, Vietnamese shares extended their losses on Friday.