Việt Nam News

HCM City will host four textile and garment and footwear industry exhibitions simultaneously and at a single venue next November.

The Centre for Support of Small and Medium-sized Enterprises in the North (TAC-Hà Nội) in partnership with MVV Entrepreneur Academy Corporation launched SME E-learning on Friday in Hà Nội, a free online course for SMEs.

The US Federal Reserve (Fed)’s third interest rate hike this week would not affect Việt Nam’s economy significantly as the move was foreseeable, according to experts.

Deputy Prime Minister Vương Đình Huệ yesterday praised the Government’s efforts to control inflation. He was speaking as the rate was predicted to stay below the initial target of four per cent this year.

Shares continued to maintain positive momentum Friday amid rising liquidity thanks to strong support of many large cap stocks.

Việt Nam posted economic growth of 6.98 per cent between January and September, over the same period last year, the highest rate since 2011, according to the General Statistics Office (GSO).

SSI Asset Management said a fund it jointly manages with Japan’s Daiwa Corporate Investment Co., Ltd has made a second round of investment in Con Cưng, the leading retail chain for maternal and baby products.

The growth of liquefied petroleum gas (LPG) consumption is predicted to slow down as LPG prices have tended to increase this year, according to the Việt Nam Gas Association (VGA).

Between January and September, the country welcomed some 11.61 million foreign holiday-makers, a year-on-year rise of 23 per cent, with visitors by air, road and sea up 17.4 per cent, 62.1 per cent and 0.5 per cent, respectively.

Some 165 businesses from 15 countries and territories will participate in the 6th International Precision Engineering, Machine Tools and Metalworking Exhibition & Conference (MTA HANOI 2018), scheduled to take place in Hà Nội on October 16.

Japan’s Taisho Pharmaceutical Co Ltd will continue attempting to purchase the Hậu Giang Pharmaceutical JSC’s stakes after the Vietnamese company lifted the cap on foreign ownership to 100 per cent.

PV Power is proceeding to shift its listing from the Unlisted Public Company Market (UPCoM) on the Hà Nội Stock Exchange to the Hồ Chí Minh Stock Exchange, which is expected to be completed in October or November.

Real estate collateral in 10 of Việt Nam’s commercial banks is worth more than VNĐ4 quadrillion (US$170.2 billion), accounting for 56 per cent of the banks’ total collateral.

Việt Nam’s export value to the US reached $4.89 billion in August, the highest level since January this year, according to the General Department of Customs.

More than 96,600 firms were founded in the January – September period with a total registered capital of VNĐ963.4 trillion (US$44.88 billion), representing a rise of 2.8 per cent and 6.7 per cent, respectively, over the same period last year, according to the latest updates of the General Statistics Office (GSO).

The Komite Anti-Dumping Indonesia (KADI) under the Indonesia’s Ministry of Trade earlier this week announced the termination of an anti-dumping investigation on colour-coated steel products imported from Việt Nam, according to the Trade Remedies Authority under the Việt Nam’s Ministry of Industry and Trade.

Prime Minister Nguyễn Xuân Phúc chaired a seminar on attracting investment to Vietnam in the context of the Fourth Industrial Revolution with more than 40 leading businesses of the US in New York City on September 27.

Fitch Ratings expects Vietnamese banks to sustain their improving operating trends in the second half of 2018 (H2) on the heels of better credit quality and profitability, and broadly stable funding and liquidity in the first half.