Việt Nam News

HCM City’s hotel market, especially the luxury segment, is attractive to investors due to the relentless rise in tourist numbers.

Việt Nam and the Philippines have great potential for trade and investment, a conference heard in HCM City on Wednesday.

Domestic retailers will continue to lead the market in the coming years, experts have said.

The US dollar has appreciated significantly against the Vietnamese đồng in the past few days in the wake of the US Federal Reserves (Fed)’s interest rate hike last week, but local officials and experts are not too worried, believing these hikes won’t affect Vietnam’s economy in any major way.

Thái Nguyên Iron and Steel Corporation (Tisco) has proposed its parent company – the Vietnam Steel Corporation (VNSteel), alongside the Ministry of Industry, Trade and Finance, and other relevant agencies assist the firm to extend loan dues and restructure debts to resolve financial issues.

Almost VNĐ400 trillion (US$17.48 billion) was given out in investment and licences to 71 projects last week. The decisions were made at an investment and development conference in Hà Nội. Mạc Quốc Anh, vice chairman cum general secretary of Hà Nội Association of Small-and-medium sized enterprise (SMEs) told the press about the city’s efforts.

Thiều lychee, a unique fruit of the northern province of Bắc Giang, is expected to record VNĐ5.5 trillion (US$240.28 million) in value this year if it can retain its current price until the end of the fruit season.

The latest products and services in the construction, building materials, real estate and interior and exterior decoration industries are on show at the Vietbuild International Exhibition that opens in HCM City on June 21.

Vietnamese shares rebounded on the two exchanges on Wednesday as strong buying boosted almost all local stocks following the market’s two-day decline.

The Vietnamese Embassy in Belgium held a workshop in Brussels on June 20 to speed up the signing and ratification of the European Union (EU)-Việt Nam Free Trade Agreement (EVFTA).

Việt Nam’s Debt and Asset Trading Corporation (DATC) has targeted to settle VNĐ3 trillion (US$131.6 million) worth of debts and assets in 2018, the highest since 2015. 

Mytel, the Viettel-owned mobile operator in Myanmar, has signed up more than a million subscribers in just 10 days since it officially began operations.

Some commercial banks have continued to reduce the interest rate for short-term deposits by 0.1 to 0.3 percentage points in the past week thanks to good liquidity.

The southern province of Vĩnh Long on Tuesday unveiled a construction master plan covering the period from 2018 to 2030 and with a vision to 2050.

Tiên Phong Commercial Joint Stock Bank (TPBank, stock code TPB) has completed the private sale of 87.63 million shares to more than 20 investors, earning nearly VNĐ2.2 trillion (US$96.5 million).

Chairman of the Hà Nội People’s Committee Nguyễn Đức Chung and a delegation of the capital city have embarked on a working visit to some European countries.

The VNTT Company and NTT Việt Nam Corporation signed a business cooperation contract on June 19 to work together in building a smart city in Việt Nam.

Việt Nam and Israel made progress during the fifth round of negotiations on a free trade agreement (FTA) between the two countries in Jerusalem City.