Việt Nam News

Although Việt Nam has many products with geographical indication (GI) certification, the country has failed to exploit the benefits, according to experts.

About 440 listed companies were evaluated for last year’s sustainable business awards. However, only 23 firms made it to the final assessment and those firms were the largest companies by market value.

Expansion of private sector investment should go hand in hand with public investment spending to sustain high economic growth in the next decade.

The inflow of foreign investment capital (FDI) into Việt Nam experienced a slight increase of 3.1 per cent to US$26.16 billion in the first nine months of this year after a fall of 7 per cent seen in the first eight months, according to the General Statistics Office.

Local market faced strong selling force on Monday afternoon trading, making VN-Index fail to maintain 1,000 point mark achieved in the morning.

Experts discussed the impacts of climate change on economic development in Việt Nam using the Computable General Equilibrium model at an international workshop at the Foreign Trade University on Monday.

Credit growth has expanded by 8.4 per cent against the end of 2018 so far this year, the General Statistics Office reported.

Việt Nam imported 109,000 cars in the first nine months of 2019, a year-on-year increase of 167.8 per cent, reported the General Department of Việt Nam Customs.

From October 1 lenders including banks will not be allowed to provide medium- and long-term foreign currency loans to businesses to pay for imports. Many market observers said this is the State Bank of Việt Nam’s final step in its fight against dollarisation.

Local gross domestic product (GDP) climbed nearly 7 per cent in the first three quarters of 2019, reaching its highest level for the last nine years.  

Farming swiftlets for their edible bird nests has high economic potential, but the lack of a long-term development plan is holding back industry progress, Nguyễn Văn Trọng, deputy head of the Animal Husbandry Department, said at a conference held on Friday in HCM City.

No big improvements have been made since FTSE Russell’s last review in September 2018, according to Bảo Việt Securities Company (BVSC).

As State-owned enterprises (SOES) have many functions in the local economy, they struggle to fulfil their main task of doing business, so they need solutions to improve business efficiency, according to experts.

Việt Nam’s benchmark VN-Index could breach the 1,000 point mark in the last quarter of the year after the Q3 corporate earnings season and with investors shifting attention towards firms with hopes for full-year earnings growth.

Japan’s Sumitomo Corporation will spend more than 14 billion yen (US$129.7 million) to expand its Thăng Long Industrial Park II in the northern province of Hưng Yên.

Âu Tuấn Long, CEO of King Bread Joint Stock Company, a chain of bakery products based in HCM City, said his company would sell bakery products via online sites in the near future.

Improving product competitiveness will help the Mekong Delta province of Bến Tre take full advantage of the lower tariffs to be offered under the EU–Việt Nam Free Trade Agreement (EVFTA), experts said at a seminar in the province on Friday.

A factory manufacturing mechanical products, machinery and spare parts was inaugurated at Phú Vinh Industrial Park inside Vũng Áng Economic Zone in the central province of Hà Tĩnh on Sunday.