Việt Nam News

Vietnamese shares tumbled on Monday due to a massive sell-off from investors, affecting many large-cap stocks.

The State Treasury of Việt Nam will set up an effective and transparent treasury system in the next ten years, said General Director Tạ Anh Tuấn.

Việt Nam wants to have at least five billion-dollar tech firms (unicorns) by 2025 and 10 by 2030 as planned in its draft on national strategy on the Fourth Industrial Revolution.

A favourable geographic location, abundant resources and a dynamic and investor-friendly administration make Long An an optimal destination for foreign direct investment.

Vietnamese imports of US consumer goods and feedstock in the first seven months has shot up from the same period last year.

The operation of some State financial funds have overlapped with the State Budget in terms of purpose and tasks, experts have warned.

‘Made in Việt Nam’ products are required to have a localisation rate of 30 per cent and be partly produced in Việt Nam.

Some experts have said recently there is an excessive money supply in the economy. They pointed to core inflation of 1.96 per cent year-on-year in June this year, warning this is the correct measure of prices rather than headline inflation, which most people follow in the country.

Gold prices on global markets have made strong gains in the past two months, but investors with short-term appetite seem uninterested in gold.

Though many banks have posted positive profits in the first half of 2019, their bad debts have continually increased in the wake of high credit growth in risky business segments.

Vietnamese businesses cannot stand outside the circular economy, especially in the context of global economic integration with commitments on ecological and environmental safety standards through free trade agreements.

Việt Nam’s index of industrial production (IIP) rose by 9.4 per cent year-on-year in the first seven months of this year, according to the General Statistics Office (GSO).

Japanese investors are pouring money into hundreds of restaurants in Việt Nam as local incomes continue to rise around the country.

The shipment was announced at the opening ceremony of the Sông Mã Longan Festival here the same day. 

The plant will produce air purifiers, LCD displays and electronic devices from fiscal 2020, the company said in a press release last week. But it did not disclose the cost of building the factory.

The International East-West Economic Corridor (EWEC) Trade and Tourism Fair is taking place in the central coastal city of Đà Nẵng, featuring 500 booths from more than 360 domestic and international exhibitors.

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The Vietnamese stock market last week suffered after having rallied for four consecutive weeks amid negative news from the international markets.