Việt Nam News

The Deposit Insurance of Vietnam (DIV) has reviewed its co-operation with the Depositor Protection Fund of Laos (DPF) last year, eyeing further improvement in ties.

Việt Nam wants to foster co-operation between countries in the Mekong sub-region and share experiences in agricultural and rural development through policy advisory networks of not only government agencies but also non-governmental organisations and the private sector.

Foreign direct investment, especially in southern provinces, is expected to increase sharply with a number of billion-dollar projects in the pipeline, according to the Foreign Investment Agency.

To achieve smart-city status, at least 90 per cent of residents in HCM City should be using a smartphone by 2022, a top official said on July 16 at a communications conference held in the city.

The logistics market in Việt Nam is booming with million-dollar merger and acquisition (M&A) deals and foreign names with strong financial and technology potentials are striving to increase market share in the country.

South Korea has increased investment in Việt Nam in the last few years, and this trend is expected to continue, a seminar heard in HCM City yesterday.

VinaCapital, one of Việt Nam’s leading investment companies with US$1.8 billion in assets under management, on July 16 announced that it had acquired the business operations of Smartly Pte Ltd, one of the first robo-advisory investment platforms to launch in Singapore.

The premier exhibition on water supply and waste water treatment (VIETWATER 2019) will take place in Hà Nội from July 24 to 26 at the Hà Nội International Exhibition Center (ICE).

Market sentiment was positive after some banks announced their quarterly and six-month earnings reports.

The southernmost province of Cà Mau will use effective shrimp farming models on a large scale to export US$1.2 billion worth of aquatic products in the remaining months of the year.

Financial consumer company Home Credit Vietnam has recently unveiled a new in-app loan installment payment feature with AirPay e-wallet in an effort to support the State Bank of Vietnam's promotion of cashless payments.

Vietnam Airlines Group, listed with code HVN, earned nearly VNĐ52 trillion (US$2.24 billion) in consolidated revenue in the first half of this year, marking a year-on-year increase of 5.5 per cent.

Vietnamese shares advanced on Tuesday morning, driven by banking-financial companies.

Reform of management procedures and inspections for export and import goods has changed little in the first half of this year, according to the Ministry of Investment and Planning (MPI).

The HCM Stock Exchange (HoSE) has announced the latest update to the blue-chip VN30 Index for July 2019, which will take officially effect from August 5.

Many key electricity projects, especially large-scale projects that are expected to be completed in 2023, have been delayed, leading to a risk of electricity shortages from 2021.

The Committee for Management of State Capital at Enterprises (CMSC) will focus on monitoring State investment capital and finance at 19 State-owned corporations and groups from now to the end of this year, said Deputy Chairman of Việt Nam's Committee for State Capital Management Hồ Sỹ Hùng.

While investors tend to withdraw capital from emerging markets and frontier markets, Việt Nam is still the destination of foreign investors with foreign indirect investment (FII) in the first half of 2019 reaching US$1.28 billion.