Việt Nam News

Opportunities provided by free trade agreements (FTAs) will only exist on paper if local authorities and enterprises do not take prompt and concrete actions to take advantage, experts said at a meeting on Wednesday in Hà Nội.

Local shares rose for a second day, buoyed by foreign trading and positive performance of oil and gas stocks.

Hà Nội Department of Planning and Investment has granted business licence to Vinpearl Air Joint Stock Company, a member of Vingroup.

The central province of Bình Định in the second half of this year will prioritise to attract domestic and foreign investment for big and labour intensive projects, according to the provincial People’s Committee.

More than US$542 million worth of foreign capital was invested in the central city of Đà Nẵng in the first half of this year.

The east of Hà Nội has led the new supply of landed property, covering 80 per cent of the total new launch in the first half of this year, according to property consultancy CBRE Vietnam.

Việt Nam’s export of timber and wood products is expected to reach US$11 bllion this year, said Minister of Agriculture and Rural Development Nguyễn Xuân Cường.

The State Bank of Việt Nam (SBV) will hold its benchmark refinancing and discount rates at 6.25 per cent and 4.25 per cent, respectively, in addition to maintaining its 14 per cent credit growth target for the remainder of 2019, experts forecast.

The authorities of HCM City and Tây Ninh Province are building shopping malls and service facilities along the HCM City – Mộc Bài Highway to raise revenue for construction of the highway.

Recent developments at Deutsche Bank will have no effects on capital flows into Việt Nam, according to Bảo Việt Securities Co (BVSC).

CERES Forum Marks One-Year Anniversary With 10th Country Addition

Sectors which have seen high growth in the past few years such as wooden furniture, garments and textiles, seafood and steel are being placed under special supervision by the Ministry of Industry and Trade (MoIT) to avoid having high tariffs and trade sanctions imposed by other nations.

Weakness on dyeing and dependence on imported cloths have weakened the garment and textile companies’ competitiveness and creativeness, experts have said.

The tentative total investment for the North-South high-speed railway, according to Ministry of Planning and Investment (MPI), is about US$26 billion – $32 billion less than the previous proposal by Ministry of Transport (MoT).

The prospects of cement enterprises in the second half of the year will continue to improve, especially during the construction season at the end of the year, according to Chairman of the Vietnam Cement Association (VNCA) Nguyễn Quang Cung.

The market received strong support from large-caps on Tuesday with both the VN-Index and HNX-Index rising.

Hà Nội is now home to 70 operational ICs, covering a total area of more than 1,300ha. They have attracted 3,100 businesses.

About 500 tonnes of dragon fruit from the southern province of Bình Thuận is expected to be sold at Big C supermarket and GO! Market chains nationwide until Sunday.