Nearly 76,000 new enterprises were established in Việt Nam in the first seven months of this year, with total registered capital of VNĐ771 trillion (US$33.82 billion).

Việt Nam is among the top three investment destinations in Southeast Asia for Singapore-based companies in the next two years, according to the latest HSBC study.

Việt Nam’s index of industrial production (IIP) scored a growth of 10.9 per cent in the first seven months of this year, up 7.1 per cent against the same period last year, the General Statistics Office announced.

The Ministry of Industry and Trade (MoIT) plans to publish a list of e-commerce websites and mobile applications that violate laws and regulations on online trading.

The People’s Committee of Kiên Giang Province has announced a list of projects calling for investment, including 12 resort projects with total investment capital of VNĐ1.7 trillion (US$72.96 million). Plans for the projects have not yet been finalised.

The Ministry of Transport (MoT) has registered to buy 164.73 million shares of Vietnam Airlines, a move which will maintain its holding in the national flag carrier at 86.16 per cent.

The profitability of Vietnamese banks is strengthening as robust economic growth fuels credit demand and supports an improvement in asset quality, but challenges are also apparent, Moody’s Investors Service says in a recent report.

The United States has maintained its leading position as Việt Nam's largest export market having spent US$21.6 billion on Vietnamese products in the first half of the year, accounting for 19 per cent of the country’s total export value as of July 15.

The non-performing loan (NPL) ratio at Việt Nam’s credit institutions has dropped from 3.61 per cent in 2013 to 2.18 per cent currently, according to the Việt Nam Asset Management Company (VAMC).

Vietnamese enterprises need to improve their capacity to produce raw materials, components and machines of high quality to meet requirements of Japanese manufacturers in the country, experts said at a meeting held on July 27 in HCM City.

Analysts say the main reason for the tourist industry’s modest participation in the stock market is that a majority of its companies are too small and fear they will be ignored by investors.

Shortage of capital is hampering the operation of many small cashew factories in Việt Nam, according to the Vietnam Cashew Association (VINACAS).

The Taiwan External Trade Development Council (TAITRA) and HCM City Computer Association ( HCA) has signed a memorandum of understanding to foster trade and economic co-operation.

The consumer price index (CPI) dropped by 0.09 per cent in July from the previous month, the General Statistics Office (GSO) reported on Sunday.

Vietnamese shares are expected to go up in August as investors look forward to listed companies’ earnings prospects in the remaining five months of the year, especially banks and financial firms.

The northern province of Vĩnh Phúc promoted its potential and called for investment at a conference held in Gyeonggi Province in South Korea on Friday.
 

Social housing development not only improves societal strength but also boosts the economy overall, said Minister of Construction Phạm Hồng Hà, emphasising that Government spending on social housing can lift the real estate industry as a whole.

The central city has officially put into operation the second stage of Tiên Sa Port after two years of construction, bringing its total capacity to 12 million tonnes of cargo per year.